can somone explain this fuckery ?

[Anonymous No.8740239]

[Anonymous No.8740262]

fees?

[Anonymous No.8740286]

>>8740239

[Anonymous No.8740295]

>>8740239

[Anonymous No.8740300]

>>8740262
fees are percent of your sale so it make no sense
if you sell higher you should just get more even with fees

[Anonymous No.8740304]

>>8740239

[Anonymous No.8740315]

>0.00000413
You must be making fortune my friend!

[Anonymous No.8740316]

>>8740300
No fees are fixed. So if fees are 1% you need to make at least 1% to break even

[Anonymous No.8740336]

>>8740239
lmao what an IDIOT

[Anonymous No.8740353]

>>8740315
iost is up 20% you retard
this is just paper treading anyway

>>8740316
so below 1% gain you pay no fees ?

[Anonymous No.8740355]

>>8740239
dude you really need to learn the basics before you trade if you dont even understand how % fees work

[Anonymous No.8740362]

>>8740239
the absolute state

[Anonymous No.8740381]

>>8740353
>so below 1% gain you pay no fees ?

[Anonymous No.8740399]

>>8740239
>He's waking up
>Dump it

[Anonymous No.8740400]

>>8740353
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.

[Anonymous No.8740402]

>>8740239
and those are the people who do TA an give advice one finance

no wonder /biz/ is such a disgrace

[Anonymous No.8740407]

>>8740353
>so below 1% gain you pay no fees ?
>>>/mcdonalds.com/

[Anonymous No.8740412]

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

[Anonymous No.8740445]

>>8740412
ok go ahead biz please explain this shit to me

[Anonymous No.8740464]

>>8740445
>what is a taker/maker fee
as this anon kindly suggested
>>8740407
>>>/mcdonalds.com/

trading isnt for you

[Anonymous No.8740492]

>>8740445
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 .

[Anonymous No.8740559]

>>8740464
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

[Anonymous No.8740604]

>>8740559
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.

[Anonymous No.8740616]

>>8740492
yeah I'm pretty sure I'm right something is pretty fucked with binance right now

[Anonymous No.8740634]

>>8740559
Hopefully it's the frontend that's fucked and the backend works fine. You'd need to run the transactions to test though.

[Anonymous No.8740637]

>>8740604
no they are both limit order
I just changed the price up/down with the arrow

just try it yourself for fuck sake

[Anonymous No.8740649]

>>8740637
yes i have this too

[Anonymous No.8740675]

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.

[Anonymous No.8740682]

>>8740649
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

[Anonymous No.8740693]

>>8740682
My first time using the basic interface so i dont know tbqhwufam

[Anonymous No.8740726]

>>8740675
on shitcoin with very low price like iost it's faster and safer to adjust it like that desu

[Anonymous No.8740728]

>>8740239
good thread

[Anonymous No.8740773]

>>8740604
Maker and taker fees are the same on Binance.

[Anonymous No.8740774]

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

[Anonymous No.8740797]

>>8740445
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

[Anonymous No.8740815]

> 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

[Anonymous No.8740821]

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 ...

[Anonymous No.8740838]

I'm inviting the brainlets in this thread for some even harder mental gymnastics: The BTC-USDT orderpair on Hitbtc :)
https://hitbtc.com/exchange/BTC-to-USDT

[Anonymous No.8740845]

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.

[Anonymous No.8740864]

>>8740445
Yeah, I can't figure this out I'll think about it later.

[Anonymous No.8740865]

>>8740845
Only on basic. Most likely it's just a display error

[Anonymous No.8740900]

>>8740865
it has to be but fuck that's so wrong

[Anonymous No.8740936]

>>8740239
kek at this fucking thread
it goes in all fields fuckos

[Anonymous No.8740937]

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

[Anonymous No.8741009]

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".

[Anonymous No.8741042]

>>8740239
F5

[Anonymous No.8741058]

1% trading fess...that's absolute rape. CoinMetro soon

[Anonymous No.8741102]

>>8741009
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

[Anonymous No.8741229]

>>8741102
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

[Anonymous No.8741444]

>>8740445
Huh. The brainlet posters go silent.

[Anonymous No.8741470]

>>8740300
it would make sense if you consider that if you ran out of BNB you are now being billed higher fees

[Anonymous No.8742016]

>>8741229
Thanks anon. This explains it really well and makes OP look like a total retard for not realizing whats going on.

[Anonymous No.8742110]

>>8741229
based

[Anonymous No.8742832]

>>8741229
guess you're right
what a shitty interface

>>8742016
>>8742110
fuck off you leaches my OP was ultimately proven right

[Anonymous No.8743617]

>>8741058
Yup. Not to mention they know how to program a real trading platform. So many people are going to get chinked.