# Fees skyrocketed? **URL:** \ **Category:** Support\ **Created:** [July 18, 2019, 9:33pm UTC](https://bisq.community/t/fees-skyrocketed/8085 "2019-07-18T21:33:09Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![invertedbob](https://bisq.community/letter_avatar/invertedbob/32/5_5575768a8748004e209b776fc1b2916d.png) [@invertedbob](https://bisq.community/u/invertedbob)\ **Post date:** [July 18, 2019, 9:33pm UTC](https://bisq.community/t/fees-skyrocketed/8085/1 "2019-07-18T21:33:09Z")
I just noticed the trade fees are really high, both in BSQ and in BTC. (not transaction fees) It used to be 3 BSQ, then it became 9 BSQ and now it is 48 BSQ ($45!) and even $120 in trading fee when you use BTC. (With max trade amounts, still adds up to be significantly higher than most other exchanges, certainly when trading volume.) These fees are insane. I don’t know what happened but it doesn’t seem right. Is there some kind of network congestion or something? EDIT: I see this change is only of the past few days, and with that trading volume has dropped 90%. ---
**Author:** ![huey](https://bisq.community/letter_avatar/huey/32/5_5575768a8748004e209b776fc1b2916d.png) [@huey](https://bisq.community/u/huey)\ **Post date:** [July 18, 2019, 10:25pm UTC](https://bisq.community/t/fees-skyrocketed/8085/2 "2019-07-18T22:25:04Z")
Where are you seeing these values. Can you share examples? ---
**Author:** ![tatata](https://bisq.community/letter_avatar/tatata/32/5_5575768a8748004e209b776fc1b2916d.png) [@tatata](https://bisq.community/u/tatata)\ **Post date:** [July 19, 2019, 12:11am UTC](https://bisq.community/t/fees-skyrocketed/8085/3 "2019-07-19T00:11:56Z")
I’ve noticed it too. ![31](https://bisq.community/uploads/default/original/2X/9/9f1e5d728765cca3a4b18093d43a5b294665a707.png) ---
**Author:** ![brnd](https://bisq.community/letter_avatar/brnd/32/5_5575768a8748004e209b776fc1b2916d.png) [@brnd](https://bisq.community/u/brnd)\ **Post date:** [July 19, 2019, 4:43am UTC](https://bisq.community/t/fees-skyrocketed/8085/4 "2019-07-19T04:43:04Z")
Same here. ![SharedScreenshot](https://bisq.community/uploads/default/original/2X/7/79fb83b6868c3cbccf42d7c940738f79a0ba4a15.jpeg) ---
**Author:** ![Homard](https://bisq.community/letter_avatar/homard/32/5_5575768a8748004e209b776fc1b2916d.png) [@Homard](https://bisq.community/u/Homard)\ **Post date:** [July 19, 2019, 5:31am UTC](https://bisq.community/t/fees-skyrocketed/8085/5 "2019-07-19T05:31:07Z")
The trading fees you see actually result from proposal [https://github.com/bisq-network/proposals/issues/99](https://github.com/bisq-network/proposals/issues/99) being voted in the last Cycle 3 vote. You can also see this in the DAO/Governance tab. For those who care about fees, it’s of course really interesting to use BSQ since it represents a nice discount compared to paying with BTC. ---
**Author:** ![huey](https://bisq.community/letter_avatar/huey/32/5_5575768a8748004e209b776fc1b2916d.png) [@huey](https://bisq.community/u/huey)\ **Post date:** [July 19, 2019, 8:05am UTC](https://bisq.community/t/fees-skyrocketed/8085/6 "2019-07-19T08:05:27Z")
I didn’t think that the changes had already been implemented. ---
**Author:** ![Homard](https://bisq.community/letter_avatar/homard/32/5_5575768a8748004e209b776fc1b2916d.png) [@Homard](https://bisq.community/u/Homard)\ **Post date:** [July 19, 2019, 8:12am UTC](https://bisq.community/t/fees-skyrocketed/8085/7 "2019-07-19T08:12:20Z")
My understanding is that the parameters change voted in the DAO are implemented automatically and immediately following the vote result phase end. There is no more human intervention and no need for. Apart if the change provokes bugs etc. ---
**Author:** ![invertedbob](https://bisq.community/letter_avatar/invertedbob/32/5_5575768a8748004e209b776fc1b2916d.png) [@invertedbob](https://bisq.community/u/invertedbob)\ **Post date:** [July 19, 2019, 1:03pm UTC](https://bisq.community/t/fees-skyrocketed/8085/8 "2019-07-19T13:03:10Z")
![fees](https://bisq.community/uploads/default/original/2X/f/f0c01ddd21e343b98b8034f9a0b209da52282d5f.jpeg) ---
**Author:** ![Badha5h](https://bisq.community/letter_avatar/badha5h/32/5_5575768a8748004e209b776fc1b2916d.png) [@Badha5h](https://bisq.community/u/Badha5h)\ **Post date:** [July 19, 2019, 1:20pm UTC](https://bisq.community/t/fees-skyrocketed/8085/9 "2019-07-19T13:20:05Z")
Absolutely ridiculous fees!! I won’t be doing any trades at that price. ---
**Author:** ![huey](https://bisq.community/letter_avatar/huey/32/5_5575768a8748004e209b776fc1b2916d.png) [@huey](https://bisq.community/u/huey)\ **Post date:** [July 19, 2019, 2:49pm UTC](https://bisq.community/t/fees-skyrocketed/8085/10 "2019-07-19T14:49:46Z")
This proposal was accepted through voting on the latest cycle (3). > > > \> \_This is a Bisq Network proposal. Please familiarize yourself with the \[submis…sion and review process\](https://docs.bisq.network/proposals.html).\_ > > The current trading fee in BSQ is too low that the Bisq DAO can be sustainable. > > 9248 BSQ have been burned so far by fee payments but 92188 BSQ have been issued to contributors since the DAO has been launched. > > \Screen Shot 2019-06-26 at 17 58 29 > > > Trading volume is very high at the moment and with the 0.4% fee target that would easily outperform the issued BSQ and would make Bisq profitable. If Bisq reaches 20M USD in trade volume 0.4% would be 80000 USD. > > The current BSQ fee is 1.6 BSQ for the maker and 4.8 BSQ for the taker. > The BTC maker fee is 0.001 BTC (0.1%) and the BTC taker fee is 0.003 BTC (0.3%). > > All those fees are for a 1 BTC trade. BSQ is traded around 1 USD in average. Current BTC price is 12800 USD. The current BSQ maker fee is only 0.0125% and the BSQ taker fee is 0.0375%. > > I suggest an increase of the BSQ maker fee to 8 BSQ which would be still only 0.0625% and an increase of the BSQ taker fee to 24 BSQ which would be still only 0.1875%. Both percentage values are then still much lower than the current BTC fees. > > To keep a good discount ratio to motivate users to use BSQ for the fee payment I suggest to increase the maker fee in BTC to 0.002 BTC (0.2%) and the BTC taker fee is 0.006 BTC (0.6%). This increased both the BTC and BSQ trading fees. It increased the BTC trading fees by a 2 times. I’m still trying to wrap my head around the BSQ numbers. | BTC fees | | | | --- | --- | --- | | | Maker | Taker | | Before | 0,1% | 0,3% | | After | 0,2% | 0,6% | The fees are expressed in percentage of the trade amount. ---
**Author:** ![MnM](https://bisq.community/user_avatar/bisq.community/mnm/32/257_2.png) [@MnM](https://bisq.community/u/MnM)\ **Post date:** [July 19, 2019, 4:41pm UTC](https://bisq.community/t/fees-skyrocketed/8085/11 "2019-07-19T16:41:30Z")
This is spectacular. I had doubts that the changes were automatic, amazing. BTW, I did not aggree with this proposal. 🙃 Let’s see how volume reacts to this raise. We should see more people buying and using BSQ. ---
**Author:** ![Homard](https://bisq.community/letter_avatar/homard/32/5_5575768a8748004e209b776fc1b2916d.png) [@Homard](https://bisq.community/u/Homard)\ **Post date:** [July 19, 2019, 4:43pm UTC](https://bisq.community/t/fees-skyrocketed/8085/12 "2019-07-19T16:43:20Z")
> [@MnM](#): > > This is spectacular. I had doubts that the changes were automatic, amazing. Same for me. I’m bluffed. ---
**Author:** ![MnM](https://bisq.community/user_avatar/bisq.community/mnm/32/257_2.png) [@MnM](https://bisq.community/u/MnM)\ **Post date:** [July 19, 2019, 4:58pm UTC](https://bisq.community/t/fees-skyrocketed/8085/13 "2019-07-19T16:58:05Z")
Old offers will have “old” fees, or are the offers upgraded and now I’ll have to pay higher trading fees? If it’s the second option, a popup informing about the new fees would be needed. ---
**Author:** ![Homard](https://bisq.community/letter_avatar/homard/32/5_5575768a8748004e209b776fc1b2916d.png) [@Homard](https://bisq.community/u/Homard)\ **Post date:** [July 19, 2019, 5:11pm UTC](https://bisq.community/t/fees-skyrocketed/8085/14 "2019-07-19T17:11:43Z")
The problem is that the results of the vote are implemented immediately and automatically, and this is atm not synchronized with the release date. Maybe for next time we should plan to deliver a release a bit after the vote, so we can add some information popup as you suggest. Or any other mean. ---
**Author:** ![MnM](https://bisq.community/user_avatar/bisq.community/mnm/32/257_2.png) [@MnM](https://bisq.community/u/MnM)\ **Post date:** [July 19, 2019, 5:15pm UTC](https://bisq.community/t/fees-skyrocketed/8085/15 "2019-07-19T17:15:39Z")
So it’s the second option? A raise in trading fees like this needs to be informed, at least via social media if it’s not possible on the client. ---
**Author:** ![huey](https://bisq.community/letter_avatar/huey/32/5_5575768a8748004e209b776fc1b2916d.png) [@huey](https://bisq.community/u/huey)\ **Post date:** [July 19, 2019, 5:37pm UTC](https://bisq.community/t/fees-skyrocketed/8085/16 "2019-07-19T17:37:53Z")
Before that, the voting should be announced. ---
**Author:** ![m52go](https://bisq.community/letter_avatar/m52go/32/5_5575768a8748004e209b776fc1b2916d.png) [@m52go](https://bisq.community/u/m52go)\ **Post date:** [July 19, 2019, 5:52pm UTC](https://bisq.community/t/fees-skyrocketed/8085/17 "2019-07-19T17:52:16Z")
Those ~$50 fees from above are to trade the 2 BTC maximum (~$20,000). In percentage terms that’s 0.25%. How is that ridiculous? Taker fees were a flat 0.3% before. Increasing fees was debated for quite a few days [in this thread (link)](https://github.com/bisq-network/proposals/issues/99), and was approved by voting in Cycle 3. ---
**Author:** ![invertedbob](https://bisq.community/letter_avatar/invertedbob/32/5_5575768a8748004e209b776fc1b2916d.png) [@invertedbob](https://bisq.community/u/invertedbob)\ **Post date:** [July 20, 2019, 8:52pm UTC](https://bisq.community/t/fees-skyrocketed/8085/18 "2019-07-20T20:52:38Z")
Large volume traders generally do not pay such heavy fees on normal exchanges. Normal taker fees are around 0.10-0.15% and 0-0.05% maker fee for high tier traders. Not sure what happened on the BSQ end either, 9 to 45 certainly isn’t double. ---
**Author:** ![tieck](https://bisq.community/letter_avatar/tieck/32/5_5575768a8748004e209b776fc1b2916d.png) [@tieck](https://bisq.community/u/tieck)\ **Post date:** [July 31, 2019, 6:16pm UTC](https://bisq.community/t/fees-skyrocketed/8085/19 "2019-07-31T18:16:14Z")
I happily pay a market price for the service Bisq is providing. Freedom and privacy are not gratis. However there is always competition and there are trade-offs involved. ---
**Author:** ![invertedbob](https://bisq.community/letter_avatar/invertedbob/32/5_5575768a8748004e209b776fc1b2916d.png) [@invertedbob](https://bisq.community/u/invertedbob)\ **Post date:** [August 17, 2019, 3:41pm UTC](https://bisq.community/t/fees-skyrocketed/8085/20 "2019-08-17T15:41:20Z")
You’re absolutely right, but the change to 0.25% are pushing it. The privacy and freedom features that Bisq offers are mostly of interest to individuals. For people that trade daily and in large volumes like me, these fees become a problem. There is nothing we can do anonymously, our books have to account for every single trade and cent. This makes Bisq a regular exchange without some of the little hassle they sometimes bring, that hassle is not worth 0.25% to me. I noticed today the fees doubled again and went up to 0.5%. I pay 0.01-0.05% maker fee and 0.10-0.20% taker fee on the other exchanges that i use. The only thing i think this fee-greed brings to Bisq is suffocation of the market, push out legitimate traders and volume and only service shady individuals who’s priority it is to exchange in the dark at any cost. You have to realize what the fees are for. This is the business model for exchanges, they have huge operational cost, and they can do with much lower fees. Of course they often run much higher volume as well, but you can’t tell me Bisq needs these fees to keep it going. I’ve personally paid well over $30.000 in Bisq fees just this month, and that’s with the decreased volume resulting of the high fees. 0.25% was a bottleneck for a significant number of trades. 0.50% is an absolute deal breaker for basically any serious trader in this space. I’m sure some of you will argue that in other markets fees are much higher still, however true that may be, that is not the market Bisq is in, it’s a different world, with different players to account for. I don’t want to rant about this too much, i guess it’s been voted upon fairly. I’ve used Bisq very pleasantly for the past year, i hate to let go of it for now. I’ll surely keep my eyes on the fees and markets to see when it becomes relevant to my strategy again. Happy trading everybody. [Next page](https://bisq.community/t/fees-skyrocketed/8085.md?page=2)