Exchange has 0.3% exchange fee
user_A has $100
user_B has 0.1 BTC
user_A places BUY order spending $100
user_B places SELL order selling 0.1 BTC
current exchange rate is $100/BTC
exchange receives $0.30 (from user_A) and 0.0003 BTC (from user_B) in fees.
exchange transfers the BTC and USD between the users.
user_A pays $0.30 fee and receives 0.0997 BTC
user_B pays 0.0003 BTC fee and receives $99.97
So, depending on how you look at it, yes you could say that the exchange essentially receives 0.6% in total fees from the trade.
Another way to look at it is that the exchange handled a total of $100 AND 0.1 BTC in value. They took 0.3% in fees from the total value that they had to manage.
Topic: Do exchanges charge commission for a buy and a sell? (Read 572 times)
No, it is only 0.3 %.
For example, if you buy 100 usd of btc, you will pay 0.30 usd as a fee, and then get 99.70 usd converted into btc at the current price
For example, if you buy 100 usd of btc, you will pay 0.30 usd as a fee, and then get 99.70 usd converted into btc at the current price
So when they say trading fees are like 0.3% they're actually making 0.6% a trade?
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