What are Everbloom's fees?
Everbloom does not directly charge any fees for using our exchange. However, there are fees from the protocols we aggregate (currently EtherDelta). The fees are as follows:
- Maker fee: 0% (no maker fee)
- Taker fee: 0.3%
The taker pays fees in whatever cryptocurrency they are offering on their side of the trade.
For example, if you are taking an order to buy OMG in exchange for ETH, you are giving up ETH, so you pay a fee in ETH. If instead you are taking an order to sell OMG and receive ETH, you are giving up OMG, so you pay the fee in OMG. The taker pays the fee in whatever crypto they are giving up. Fees are paid on top of what is paid for the cryptocurrency in the trade.
On top of this, each time you interact with the blockchain you must pay a small gas fee rewarded to the miner who included your transaction in the block. Here is a more in-depth explanation of gas fees.