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When a market charges taker and maker fees, they differentiate whether you're increasing the size of the order book or decreasing the size of the order book.
When you create an order that is immediately matched with already existing orders, you're a taker because you take liquidity from the market. When you add an order that doesn't match existing offers, ...
11
Of course you may trade bitcoins with just anyone without having to pay fees to a centralized exchange.
I think Bisq (formerly BitSquare) may be the best answer to the question; decentralized, free for some definitions of "free", and very low risk due to the escrow system - but not completely without fees, indeed as of 2017 one may end up paying quite much ...
8
Some Chinese exchanges don't charge a fee.
Any site that has possession of your bitcoins or dollars means there is at least some risk of getting ripped off.
So unfortunately, what you ask for doesn't exist.
8
Essentially, you have to factor in 3 fees in a purchase:
1. Deposit fee (if applicable)
This is usually a fee for wire transfers, and from my experience is only relevant if you deposit cash across economic zones, albeit this is slowly reducing to 'anywhere to asia', or outside of the SEPA zone.
Kraken charges 5€ per wire transfer, SEPA transfers are free ...
6
How are fees charged?
They are charged in the currency fee set during a trade.
Due to a discreet nature of trade matching process, it's rather tricky to give a definite answer on how each individual fee is applied. However, a good rule of thumb is to choose a fee currency when placing an order, as this is the one in which fee will be subtracted.
Are the ...
6
There is no middle man for using Bitcoin. If all your income and expenses were in Bitcoin, the transfers would have negligible overhead. But what you are looking for is a service that will take your government currency and give you bitcoins. Of course such a service has costs involved.
There are several big exchanges where you only need to trust the exchange ...
4
Yeah it's called buttercoin here is their code.
4
Bitsquare.io is currently the state of the art and it is open source:
https://github.com/bitsquare/bitsquare/
4
Peatio is an open source crypto exchange. Their README says:
Peatio is a free and open-source crypto currency exchange implementation with the Rails framework and other cutting-edge technology.
Mission
Our mission is to build the world best open-source crypto currency exchange with a high performance trading engine and safety which can be trusted and ...
4
A popular opinion in the Bitcoin space is that transparency is key for Bitcoin businesses. Bitcoin and it's pseudonymous nature make it very suitable for scams and corruption.
Competitive fees or additional payment options are no longer the key to the success of an exchange. There are so many exchanges that you can almost certainly find what you need ...
4
Fees are not based on the value that is being transferred but rather the size of the transaction in bytes. The fee is to pay the cost of storing the data that makes up the transaction itself, not for the amount that is being transacted. Thus giving the fee as a percentage of a value will be completely inaccurate and giving a fee estimate for the cost of ...
3
This is most likely explained by the high fees on bitcoin. These services still have to move the bitcoin from one wallet to another and you have to pay a fortune at this time, about $6- $19. You didn't do anything wrong this is something that will be fixed on the #bitcoin chain once #segwit and Lightning Network are highly adopted.
3
A maker fee is when you create an order on the order book (this could be a buy or a sell) and someone else completes it, therefore you pay no fees and get the amount paid. The one that completed your order pays the fee.
The other way around, if you sell into a order already posted, you pay the fee, and they do not.
Maker fee refers to the fee it costs when ...
3
Try Exchange war:
https://exchangewar.info/
which shows even the most popular pairs for each exchange.
3
The formula for sell_order_Net_total will be:
sell_order_Net_total = sell_amount * sell_price * (1- sell_ex_txn_fee)
The final profit:
Profit = sell_order_Net_total - buy_order_Net_total
Keep in mind that there are also transaction fees between the two exchanges. If you have traded all your DOGEs for BTC on 1 exchange, and BTC for DOGEs on the other, ...
3
In my humble opinion the ideal exchange works without needing to be trusted.
I mean that this exchange must find a way to work without having direct control on customer funds, this controls (private key) remain in the hands of the customers.
If this is not possible for the trade to occur, limiting as much as possible the funds controlled by the exchange is ...
3
The money has been placed under the control of the recipient.
There is no way to undo a transaction. Even when the recipient declines to perform the service being paid for.
If you overlooked or misunderstood their terms and conditions, they may feel it is for you to bear the costs of rectifying your mistake.
You cannot get back the money directly yourself, ...
3
As an aside, Bitcoin transaction fees are paid in BTC, not in dollars. To understand how and why bitcoin transaction fees work, you need to consider them in this way.
From what you have written, it sounds like Coinbase batches withdrawals, which means they will pay many of their customers at once, in a single bitcoin transaction. A transaction can have 1 or ...
2
No, the transaction fee is not increasing over time. According to the Bitcoin wiki, these are the rules under which the reference implementation decides weather or not to include transactions (and therefore how fast they are confirmed):
27.000 bytes in the block are set aside for the highest-priority transactions, regardless of transaction fee. ...
2
That depends also on your BTC balance AFTER the sale. It seems that there is indeed 1000 DOGE subtracted from your balance, so that is correct. If there has been 0.00061 added to your BTC balance, then no fees have been deducted. If 0.00061*(1-0.0018) = 0.000608902 have been added to your BTC balance, then the fees have been deducted from your received ...
2
Edit July 2018: These sites, even all this thread could be outdated. My opinion some years later has changed.
Fee is the way the exchanges win money, so if you trust some exchange without fee...
The exchange is no charging fees due to an temporary offer, and this thread will be outdated very soon.
The exchange will win money with other services, so on long-...
2
Bitcoin was never really meant to have no/low transactions fees. What was always intended (and still is true) was to have market driven transaction fees. In fact, as block rewards grow smaller, the plan has always been to eventually compensate miners from fees alone. Because transactions take up space in a block, and block space is limited, there is a ...
2
According to this list, these exchanges have zero maker's fee:
GDAX
Coinfloor
itBit
Luno
Cex.io
There are probably more exchanges, but those aren't listed there.
2
Coinbase holds a large amount of Bitcoins. When you buy Bitcoin on Coinbase, they do not need to actually send it to your wallet, they just need to say on their servers that you own X amount of Bitcoins. They charged you $1.49 because of the payment you used and/or to take a small profit. If you were to move your Bitcoins to a wallet you actually own at home,...
1
Theses answers are going to depend on a couple of factors:
1) The particular exchange you are working with.
Each exchange is going to have its own set of policies and different levels of transparency communicating these policies to customers. Look for exchanges with more transparency/details.
2) The country the exchange assigns to you when you open the ...
1
In general, you can't know for certain.
Let's say you want to buy. You will be a maker if, and only if, your price is below the lowest price of any sell order (the Ask price) at the instant your order is placed on the exchange. If your price is above the Ask, it will be instantly executed and you are a taker. (At least, up to the extent that the open ...
1
First know who is maker and who is taker?
If you place an order above the current ticker price for selling or below the current ticker price for buying, you add liquidity to the market and you thus act as maker. In this case you have to pay maker fee.
If you want to fill your order at the current market price, you are taking liquidity from the market and ...
1
A TAKER is when you place an order at the market price that gets filled immediately, you are considered a taker and you will pay a fee for books.
A MAKER is when you place an order which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, your fee will be 0% and you ...
1
0.2% is taken from each trade, so if you sold BTC for $100 USD you'd get $99.80 in your account.
Coin deposits are free, withdrawals are subject to a generous miners fee.
Fiat deposits/withdrawals vary from something like 1% to 6% I can't recall off the top of my head.
1
I think with the latest set of IRS rules, the best exchange would allow for autotracking and calculation of transactions and capital gains. One can imagine at tax time have a push button system that autogenerates all the information needed by the IRS. I can image this could become a rather large document, but if a standard format and file could be generated,...
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