Dear Community,
Is it possible for someone to explain the fee structure of LocalEthereum? I am trying to create an excel sheet for that, so I can calculate my fees from a seller (primarily) and buyer point of view. Based on the exchange's FAQ: "Localethereum charges a 0.25% fee for the maker (the person who placed the offer listing) and 0.75% for the taker (the person responding to the offer). The reason for the significant discount on makers is because we want to encourage people to place offers."
So, if I understand correctly, if someone deposits 1 ETH, the maximum amount he or she can put up for sale 1ETH - 0.25% and the platform will deduct another 0.75% of the amount the buyer receives right?
Compared to LocalEthereum, who is charged the 1% fee? is it the seller of the buyer?
If someone can create a simple excel for that, it will be much appreciated!
Thank you!
Topic: Please Explain LocalEthereum Fee Structure (Read 78 times)
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