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Make fee explanation clearer #73

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merged 6 commits into from Aug 1, 2018
Merged

Make fee explanation clearer #73

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2fdf908
Make fee explanation clearer
Jul 31, 2018
0db7520
Fix fee calculation examples
Jul 31, 2018
4218c16
Remove second example for offer taker
Jul 31, 2018
ba7a2b9
Remove specific sat/byte mining fee range
cbeams Jul 31, 2018
b2594a1
Make examples grammatical sentences
cbeams Jul 31, 2018
5483008
Use consistent trading amount in all examples
cbeams Jul 31, 2018
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2 changes: 1 addition & 1 deletion faq.html
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Expand Up @@ -313,7 +313,7 @@ <h2>Trading Details</h2>

<strong>Mining fees</strong>
<p>An offer maker only pays mining fees for the trade fee transaction. An offer taker pays mining fees for the trade fee transaction, deposit transaction, and payout transaction. This is because mining fees fluctuate and it's impossible for the offer maker to know what mining fees will be at the time their offer is taken.</p>
<p>Bisq uses <a href="https://bitcoinfees.earn.com/api/v1/fees/list" target="_blank">this service</a> to estimate fees, which can vary between 20 sat/b to 400 sat/b. Users can see actual mining fees after they've created or taken an offer.</p>
<p>Bisq uses <a href="https://bitcoinfees.earn.com/api/v1/fees/list" target="_blank">this service</a> to estimate fees. Users can see actual mining fees after they've created or taken an offer.</p>

<p><a name="openOffer"></a><strong>Why do I need to keep my application online when I have an open offer?</strong></p>
<p>If you have published an offer, your Bisq application needs to stay online so it is able to react in the case when another trader wants to take your offer. The MultiSig deposit transaction is created in that take-offer process. Be sure you have deactivated your computers standby mode, otherwise your Bisq application lose the internet connection (monitor standby is not a problem). If you shut down the application your offer gets removed from the distributed offerbook as it would become unavailable for others. After starting Bisq again your offer gets re-published. After the offer has been taken and the trade process has started both traders do NOT need to be online. Though they need to check for the status of the trade to see if some action is required from their side (e.g. sending fiat/altcoin or confirm receipt).</p>
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