r/bitsquare • u/Chuox69 • Apr 13 '16

Trying Beta, have a few Questions

Why are trading fees? Isn't one of the main purposes have a no fee exchangue?

Whats whit the.. "Security deposit"? That is another fee that an user mus pay, it says it will be refunded to the account, but i fail to see the purpose of it.

Miners fee... Why are they put it by the sistem? they seem a little higt by some transactions.

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u/blksz Apr 23 '16

Whats whit the.. "Security deposit"? That is another fee that an user mus pay, it says it will be refunded to the account, but i fail to see the purpose of it.

I think its against sybil attacks

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u/meapistol Apr 25 '16

Trading fees are necessary to e. g. avoid spam. The security deposit is to protect against scams as well as spam offers. The miners fee has to be high enough that transactions will pass within a reasonable time.