What are the fees on the Bonfida DEX?
Fees are determined by Serum
What are taker and maker orders?
Taker: Refers to those trading the prices set by market makers
Taker orders on Serum are Market buys.
Are subject to higher fees compared to Limit orders.
Maker: Refers to market makers who provide two-sided markets.
Maker orders on Serum are Limit buys.
How can I reduce the fees I pay on the Serum DEX’s?
Holding Serum (SRM) in the wallet you are accessing the DEX from will enable you to have lesser fees. Discounts start from holding over 100 SRM.
When will I be charged transaction fees?
Transaction fees are incurred when you perform the following actions:
Place an order (Limit or Market)
Cancel an order
Settle funds after a trade
Send/Deposit funds on Solana-based wallets