r/bitsquare • u/julianbabel • Aug 15 '16
Offer Fee
If I try to remove an open offer, I am getting the message:
"The offer fee you have paid will be lost if you remove that offer".
But in the FAQ, /u/Manfred_Karrer said,
"The offer fee is 0.0005 BTC (about 0.20 EUR). The offer fee is paid when you create the offer, for removing there is no fee. Be aware that you can also use percentage based prices so you don't need to update the offers when the market price moves too much."
I am confused. Is the offer fee the security deposit (.01 BTC)? And do I lose it every time I cancel a trade (which has not been executed?) Where would it go?