Cryptocurrency Q&A
What is the Loopring swap fee?
What is the Loopring swap fee?
Eleonora
Thu Jun 20 2024
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7 answers
1590
As a keen observer of the cryptocurrency market, I'm curious to know about the economics behind decentralized exchanges. Could you elaborate on the Loopring swap fee? I understand that Loopring aims to provide a non-custodial, decentralized exchange protocol, but I'm particularly interested in how its swap fee works. Does it vary depending on the type of transaction or the amount being exchanged? Is it a flat fee or does it scale with the transaction size? Furthermore, how does this fee compare to other decentralized exchanges? Your insights would be invaluable in helping me make informed decisions about my trading activities.
7 answers
Riccardo
Sat Jun 22 2024
The remaining 0.1% is allocated to the relayer, who facilitates the transaction, and the protocol itself as a fee.
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BlockchainBaroness
Sat Jun 22 2024
By eliminating gas fees, Loopring aims to make trading more cost-effective and accessible for its users.
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Andrea
Sat Jun 22 2024
These fees are deducted from the total amount of tokens being purchased during the swap.
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ShintoSanctum
Sat Jun 22 2024
Notably, Loopring does not impose any additional "gas" fees on its users.
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Michele
Sat Jun 22 2024
Loopring currently charges a 0.3% fee for conducting swaps on its platform.
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