![]() Security deposit (might be used as arbitration fee): 0.1 BTC, which is returned in whole to the trader after the transaction in case he is not found to have behaved dishonestly. Take offer fee: same as create offer fee (and also paid to the arbitrators)īitcoin mining fee: 0.0003 BTC (A mining fee is included in a transaction three times: Deposit from external wallet, trade, and withdrawal to external wallet. Trading fees as protection against spam and market manipulationĪ limit on the trade amount (1 BTC) to reduce the overall risk exposureĬontract holds all trade details and is signed by both traders, it will be used as evidence in case of a disputeįraud reports as protection against bank charge backs and crime (stolen payment account)Ĭreate offer fee: 0.001 BTC (paid to the arbitrators, mining fee is included) Security deposit as additional incentive for following the trade protocolĪ atomic deposit transaction locks up both traders funds to a 2 of 3 multisig address No registration or identification processĭecentralized arbitrator system as primary protection mechanism Support for alternative crypto currencies to be exchanged with Bitcoin. ![]() National (or alternative crypto) currency are transferred directly from one user’s payment account to the others payment account without any intermediate party. P2P infrastructure without servers: No single point of failure and no privacy breach due transaction monitoring possible.
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