Fees
Understand the seller fee, network costs and account rent before signing a transaction.
#The seller fee
The current fee for a newly placed bid is the rate shown in the bid preview of the gross SOL filled. It is paid by the seller from the proceeds; it is not added on top of the bidder's price. Every bid stores its fee rate when created, so an older bid can have a different rate.
- 01Gross bid SOLFilled portion only
- 02Seller feeSnapshot in the bid
- 03Seller receivesGross amount minus fee
For illustration, a fill worth 1.00 with a 0.5% fee sends 0.995 to the seller and 0.005 to the fee recipient. This example does not override the rate stored in a particular bid.
#Network fees and account rent
Placing and cancelling bids, or selling into them, are on-chain transactions and require network fees. A new bid also needs a rent-exempt balance for its account. Token account creation may require additional rent.
The bid account's rent returns to its owner when that bid account closes. Token accounts are separate accounts: their rent does not automatically return just because a bid closes. Network fees are consumed by the network and are not refunded.
| Action | Cost to consider |
|---|---|
| Place bid | Bid amount + network fee + bid rent + any required token account rent. |
| Cancel bid | Network fee; remaining bid funds and bid account rent return to the owner. |
| Sell into bids | Stored seller fee + network fee + any required token account rent. |
| Claim rewards | A message signature has no network fee. The treasury pays for the SOL transfer. |
#The catalogue Fees column
Fees in the coin catalogue are market data: cumulative trading fees reported for that token by the upstream source. That number is separate from BID's seller fee, is not necessarily the creator's share, and can be missing or delayed.
Use the transaction preview and the bid's stored rate to evaluate your trade costs.