Can somone explain this fuckery ?
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fees?
fees are percent of your sale so it make no sense
if you sell higher you should just get more even with fees
>0.00000413
You must be making fortune my friend!
No fees are fixed. So if fees are 1% you need to make at least 1% to break even
lmao what an IDIOT
iost is up 20% you retard
this is just paper treading anyway
so below 1% gain you pay no fees ?
dude you really need to learn the basics before you trade if you dont even understand how % fees work
the absolute state
>so below 1% gain you pay no fees ?
>He's waking up
>Dump it
If you buy and sell at the same price you lose 1 % of the amount you bought in fees (if the fees are 1% , I am sure they are less). If the price falls 10% and you sell you lose 11% because of fees.
and those are the people who do TA an give advice one finance
no wonder Jow Forums is such a disgrace
>so below 1% gain you pay no fees ?
>>>/mcdonalds.com/
ok this is fucking retarded
something is fucked with binance
if you use the arrow to raise or lower the price you get different number
you literally get different number for the same price explain this shit to me
I'll post screen shot
ok go ahead biz please explain this shit to me
>what is a taker/maker fee
as this user kindly suggested
>>>/mcdonalds.com/
trading isnt for you
binance is fucked up right now. just pray to every single god y can think of to save your money now .
I cant even login into my account fuck me .
i'm not doing anything but changing my limit sell order price here
why is the price different at 413 if I come from a lower price than if I come from a higher one using the fucking arrow to change the price
this mean that 2 people can sell the same amount at the same price and receive different amount because they entered the price differently
One is a market order the other a limit order. They have different fees associated with them. Just read online the difference between these types of orders and what it means . It really isn't complicated.
yeah I'm pretty sure I'm right something is pretty fucked with binance right now
Hopefully it's the frontend that's fucked and the backend works fine. You'd need to run the transactions to test though.
no they are both limit order
I just changed the price up/down with the arrow
just try it yourself for fuck sake
yes i have this too
Does anyone even use those fucking arrows?
I just click a bid or ask, and edit the digits a bit.
I would NEVER have noticed that those arrows were wonky.
ok thank you
basically if you enter a price and decide to sell higher you get less than if you enter a price and lower it
this is fucked
My first time using the basic interface so i dont know tbqhwufam
on shitcoin with very low price like iost it's faster and safer to adjust it like that desu
good thread
Maker and taker fees are the same on Binance.
this shit is so fucked if I try with x10 of my initial position it increase by 10 as well meaning i get shafted 0.01 instead of 0.001
how many peoples have lost money with this shit
go from 412 to 413 to 414 to 413 to 412
now the total amount is higher then what you've started with. Make infinite money this way.
mind == blown
> Binance charges a flat 0.1% fee for executing trades on their exchange, regardless of whether you're buying or selling and using limit or market orders for transactions. The flat fee is applied automatically once a buy or sell order is fulfilled, and is deducted from the end cryptocurrency.
> For example, If you bought 1,000 TRX using ETH as the base currency, the 0.1% fee of 1 TRX will be applied and automatically deducted from your order, netting you 999 TRX. Conversely, if you sold all your XLM holdings for exactly 1 BTC, the 0.1% fee of 0.001 BTC will be applied and net you .999 BTC.
> To show it in dollar terms, if you bought 10,000 TRX using BTC as the base currency with the going rate of $0.10 per TRX and $10,000 per BTC, you would pay 0.1 BTC ($1,000). Binance will then apply the 0.1% fee in TRX, which would come out to 10 TRX ($1.00), and net you 9,990 TRX ($999).
> To turn the tables around, if you exchanged 10,000 TRX for BTC at the same going rate as above, you'd get 0.1 BTC ($1,000). The 0.1% fee would then be applied in BTC, which would come out to 0.0001 BTC ($1.00), netting you 0.0999 BTC ($999). In essence, Binance's flat 0.1% fee means that you'll get charged 1 coin per 1,000, 10 per 10,000, 100 per 100,000, and so on, regardless of which currency you buy or sell.
Copypasting what I've found don't know if it's true, I'm going to try the maths with 100 TRX and see what happens
if you enter the the price manually then increase it by one sat then decrease it back to your original price you get a higher amount ...
I'm inviting the brainlets in this thread for some even harder mental gymnastics: The BTC-USDT orderpair on Hitbtc :)
hitbtc.com
OP is right. There's an issue with their UI. The first arrow click doesn't adjust the price, but the second only increments/decrements for one click. So yeah....it looks like you can gain a sat per coin sale.
Yeah, I can't figure this out I'll think about it later.
Only on basic. Most likely it's just a display error
it has to be but fuck that's so wrong
kek at this fucking thread
it goes in all fields fuckos
guys this is because of a mix of trading near the minimum amount and rounding. Numbers get cut of between 2 and 8 digits depending on the exchange and coin pair. Some coin pairs have a shit ratio so combined with rounding at 8 decimals you get a shit interval when calculation with them so if you are placing an order between 2 numbers in the interval then this order will be rounded to the next interval in favour of the exchange
geez why am I even writing this
All these "other explanations" on how it works, it's seriously easy to figure out.
Type in 412 sat as the price, you get the correct BTC total.
Type in 413 sat as the price, you get the correct BTC total.
Now press up/down back and forth.
You'll see they have interchanged prices.
In fact, do this:
- enter 1000 as the amount
- keep pressing up/down
You'll see the total is "lagging behind".
The UI is basically doing the following when you press up/down
- multiplying the old price and the amount
- setting this value as the total
- THEN it updates the price to the new value
(doing this LAST instead of FIRST)
Either way, the "total" amount is only an estimate. The exchange will still match you with the bids all the way down to your limit price, and only then will you get your real total.
This is nothing more than a bugged display, no one can make money off of this "bug".
F5
1% trading fess...that's absolute rape. CoinMetro soon
I think it's simpler than that
if you enter the price it give you the amount minus the fee but if you raise then lower it , the feen is no longer deducted
weirdly it only does this if you lower your price
No, what I said I what EXACTLY happens.
I even gave a step by step guide you can follow in that post to see the behavior yourself.
The price is lagging because it takes the price in the computation BEFORE updating it.
Well, picture speak louder than words, so have a webm
Huh. The brainlet posters go silent.
it would make sense if you consider that if you ran out of BNB you are now being billed higher fees
Thanks user. This explains it really well and makes OP look like a total retard for not realizing whats going on.
based
guess you're right
what a shitty interface
fuck off you leaches my OP was ultimately proven right
Yup. Not to mention they know how to program a real trading platform. So many people are going to get chinked.