Journal

How a Transfrexa quote is built

A ticket has three numbers. Price is the sample print for that asset. Size is what you typed. Fee is 0.15% of price times size. On a buy, you pay price × size + fee in USD. On a sell, you receive price × size − fee in USD. The Trade panel labels those lines You pay and You receive.

We picked 0.15% because it is visible enough to notice and small enough that a $6,297 Bitcoin clip costs about $9.45. The point is the line item, not the rate. A live book would add spread, and withdrawals would add network cost. Those belong on the same ticket, not in a PDF you find after the fill.

If USD cannot cover a buy, the order stays put and the form says so. Same if you try to sell more than the wallet holds. No silent clip of the size.

All notes · · Disclosures