Fees

SideSwap peg-in fee:0.1%

Users receive 99.9% of the peg-in amount. From the peg-in amount, the user will be required to cover the cost of a network transaction on the Liquid network, currently estimated at 286 satoshis.

SideSwap peg-out fee: 0.1%

Users receive .999% of the peg-out amount. From the peg-out amount, the user will be required to pay a bitcoin blockchain network fee to cover the cost of forwarding the balance. The network fee is based on the cost of one legacy input and one output (whichever address type you elected to receive your balance on) multiplied with the prevailing bitcoin core 2 block fee rate.

Instant swap spread: 0.6%

SideSwap operates the instant swap as its single dealer. We pay 0.2% to hedge our own positions and make 0.4% profit per trade. For a swap transaction of 1000 USDt, we make about USDt 4.

Swap Market fee:0.1% or 500 satoshis, whichever is higher

SideSwap charges 0.1%, or 500 satoshis (whichever is higher), from each participant to a Swap Market trade. Included in the fee is the Liquid network fee for a swap. It charges the Swap Market fee to the L-BTC leg of the transaction only. The seller of L-BTC will need to deliver .999% of the sold L-BTC amount and the buyer will receive 1.001% of the L-BTC amount being bought.