Skip to main content
OverflowAI is here! AI power for your Stack Overflow for Teams knowledge community. Learn more
13 votes
Accepted

What are taker and maker fees?

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 ...
Murch's user avatar
  • 75.7k
8 votes

How much does it effectively cost to purchase currency at an exchange?

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 ...
deepbrook's user avatar
  • 1,672
6 votes

How are Fees Charged at Kraken?

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 ...
deepbrook's user avatar
  • 1,672
4 votes
Accepted

Need a cold wallet. Segwit, Lightning, Fees?

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 ...
Ava Chow's user avatar
  • 70.8k
4 votes

Is there an opensource crypto-currency exchanges engine?

Bitsquare.io is currently the state of the art and it is open source: https://github.com/bitsquare/bitsquare/
stke's user avatar
  • 381
4 votes
Accepted

What happens if I send small amount of btc lesser than fee?

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 ...
RedGrittyBrick's user avatar
3 votes
Accepted

Why does my withdrawal fee not match the transaction fee I'm seeing on a block explorer website?

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 ...
chytrik's user avatar
  • 18.3k
3 votes

What are taker and maker fees?

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 ...
TrevorKS's user avatar
  • 131
3 votes

Why are the fees for converting Ripple to Bitcoin so high?

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'...
My2Centrist's user avatar
2 votes
Accepted

Bitcoin transaction fees and exchanges

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 ...
Jestin's user avatar
  • 8,812
2 votes
Accepted

How can coinbase charge less than the average transaction fee?

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 ...
Cedric Martens's user avatar
2 votes
Accepted

Which crypto exchanges charge zero maker fees other than GDAX?

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.
Chak's user avatar
  • 1,301
2 votes

What will be the fee in $ for a 500$ transaction?

Fees are not based on the amount being transferred, but instead on the amount of space the transaction occupies. For a very simple transaction with one input and two outputs, you would occupy a few ...
Raghav Sood's user avatar
  • 17.1k
2 votes
Accepted

Is it normal to pay a fee to buy bitcoins and then pay a fee to send them?

From the values you present, it appears that Binance has a flat fee of 5 mBTC for withdrawals of less than 0.1 BTC. While transaction fees in Bitcoin scale with the data written to the blockchain ...
Murch's user avatar
  • 75.7k
1 vote

Coinbase - converted BTC to Euros but now Euro amount has changed

Recently I converted some of my BTC to Euros on Coinbase. I needed €5000 euros exactly. The fee was €74.50, ok fine. That left me with €4925.50. Are you sure the btc2eur conversion was successful? I ...
Mercedes's user avatar
  • 802
1 vote
Accepted

Hidden fees in a transaction: How to anticipate one and avoid another?

I understand that the "dynamic network fee" is part of the process of operating the blockchain and cannot be avoided. But how can I anticipate in advance how much to expect this fee to be? ...
Ava Chow's user avatar
  • 70.8k
1 vote

Fees when withdrawing funds from bitcoin?

Does one have to pay a fee to withdraw funds from their bitcoin account into cash If you have a Bitcoin account you are either storing money in a service like an exchange or are using an obsolete ...
RedGrittyBrick's user avatar
1 vote

Is there any exchange website that directly converts to a specific currency once a cryptocurrent payment is received?

What you're looking for is a payment gateway service, and if they take settlement in fiat such as USD or Euro. It appears Coinpayments.net works on Woocommerce and allows you to withdraw in fiat ...
Dr-Bracket's user avatar
1 vote

Need a cold wallet. Segwit, Lightning, Fees?

As stated, the exchange and wallet should both tell you the fee. Right now, the fee is around $10 in Fiat. Strongly recommend using a paper wallet with multiple copies to store BTC long term! Take ...
Digital Galaxy's user avatar
1 vote

How do exchanges set their transaction fees?

Exchanges set their own fees because they are the custodian of your funds. They could charge you more or less than the network actually costs. Some exchanges charge a higher fee in order to ensure ...
trustnone's user avatar
1 vote

Can I create a Blockchain copy (up and running) in order to make my own bitcoins transfers without Fee?

Anyone can create their own blockchain, but you will not be able to reconcile your chain with the bitcoin blockchain at a later date (even if you start your chain by forking off from a certain btc ...
chytrik's user avatar
  • 18.3k
1 vote

Bitcoin exchange where you can set your own wallet instead of using one provided by the exchange

You forget something. Who pays it then? I basically want to avoid the extra cost of transferring... That means that the people of the exchange have to transfer it for you and that means that ...
hardfork's user avatar
  • 2,117
1 vote

Bitcoin Cash - How to get estimated fee and send transaction

The fees for Bitcoin and Bitcoin Cash are not fixed, but are driven by supply (block space) and demand (transaction volume) in their respective markets. They are independent of each other, so ...
Nate Eldredge's user avatar
1 vote
Accepted

How do I read this cryptocompare table?

24H means 24-hours period. Open 24H: The price of the first transaction 24 hours ago. Range 24H: H - High: Highest price reached. L - Low: Lowest price reached Last Trade: Value of the last ...
Chak's user avatar
  • 1,301
1 vote

How do exchanges handle fiat currencies?

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 ...
deeplizard's user avatar
1 vote
Accepted

how to be a maker for either bid or ask orders on bitcoin exchanges?

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 ...
Nate Eldredge's user avatar
1 vote

What are taker and maker fees?

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 ...
LearningTurtle's user avatar
1 vote

What are taker and maker fees?

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 ...
Joe's user avatar
  • 111

Only top scored, non community-wiki answers of a minimum length are eligible