Any transaction within the Waves blockchain demands the network fee payment. Besides, some transactions require the service fees to be paid like transactions of transfers into the different blockchains or suggesting tokens for voting. Some of these fees can be paid with the sponsored tokens. We take a closer look at the different transactions which require the fee payment in this article.
The most common transaction on the Waves blockchain is an exchange transaction (trading transaction). An exchange transaction is a record in the blockchain about two orders matched one with each other by a matcher/exchange. When the user's order is executed, the order creator is charged a trading fee of 0.1% of the order value in highly liquid pairs (but not less than the equivalent of 0.01 WAVES) or 0.01 WAVES in other trading pairs. It should be mentioned that Waves.Exchange does suggest an interesting opportunity to pay a trading fee in WX token with a 50% discount.
In addition to exchange transactions, Waves.Exchange users do often make transfer transactions. They can transfer their cryptocurrencies to another Waves address or use a cross-chain service and transfer them outside the Waves blockchain. If the transfer is carried out within the Waves blockchain, the sender should choose whether the tokens are transferred to a single Waves address or several Waves addresses simultaneously. To transfer a token from one Waves address to another Waves address, the network fee in the amount of 0.001 WAVES has to be paid (or it can be paid by a sponsored token). When the token is transferred to multiple addresses the commission is 0.001 WAVES + 0.0005 WAVES for each recipient address. Some cryptocurrencies have gateways for transferring to other blockchains. If the withdrawal is carried out to the external blockchain, a network fee of 0.001 WAVES is charged (or it can be paid by a sponsored token) plus a gateway fee for the transfer within the other net. You can find the list of cryptocurrencies that can be transferred to other blockchains and the current gateway fees on the Gateway Fees tab.
Fees for investment
Waves.Exchange provides its users with the opportunity to earn passive income from investing in a great variety of investment products such as Liquidity Pools, LP Staking, Lambo Investments, Neutrino Staking, Neutrino Pools, WAVES Staking. Since an investment operation is a transaction in the Waves blockchain, a network fee of 0.005 WAVES is charged for each one (or it can be paid by a sponsored token). The only exception is WAVES staking, the commission for investing there is 0.001 WAVES.
The same fees are charged for the token withdrawal from investments as for investment operations being transactions in the Waves blockchain as well.
Some investment operations require two transactions when investing or withdrawing tokens from an investment product, such as Lambo Investments, LP Staking and Liquidity Pools. Each of these transactions require a fee of 0.005 WAVES.
Token management fees
One of the most popular features of the Waves blockchain, which has been supported and significantly developed by Waves.Exchange, is the token creation and management. Creating a token with Waves.Exchange takes no more than 5 minutes and does not require programming knowledge.
The commission fee for creating a token is only 1 WAVES. The created token can immediately be traded on the internal Spot Exchange market right after its creation. In addition, the token can be verified by voting to increase the trust of other users in the project. To start a verifying process a network fee of just 0.005 WAVES has to be paid (or it can be paid by a sponsored token) as well as a service fee of 10 WX. A successful token verification phase will allow the creation of a liquidity pool with this token to attract Waves.Exchange users' attention to the token and the project behind it. The commission fee for creating a liquidity pool operation with a verified token is 0.005 WAVES (or it can be paid by a sponsored token) and 10 WX.
The Neutrino protocol allows users to exchange/swap DeFo tokens for each other. DeFo tokens are the tokens pegged to fiat currencies' prices. Waves.Exchange supports this functionality and allows users to "play" on these currencies rates. For each swap, the user pays a Network Fee of 0.005 WAVES (or it can be paid by a sponsored token), a Pool Fee of 0.275% of the swap amount, a Collateral Fee of 0.05% and a Protocol Fee of 0.275% of the swap amount.
Alias creation fee
The Waves blockchain provides quite an unusual but useful option of creating an alias. Any Waves.Exchange user can create an alias for his account address and provide it to the sender as the recipient address which is easy to remember. An alias can be either the name of the project or the name of the account owner or contain any other information. The fee for creating an alias is 0.001 WAVES.
If you have any questions related to Waves.Exchange, feel free to contact us via customer support.
tags: get waves pay trading fee transferring fees investment invest commission