The BitSquare Exchange is unlike other, more traditional exchanges thanks to the unique features that it has. The open source desktop application allows you to buy and sell Bitcoins, which you can then exchange for other cryptocurrencies, or alternatively, for traditional national currencies. The things that really make this exchange stand out from others is that it has been designed to be instantly accessible, which means that there is no need for registration or approval from a central authority. Because the system is decentralised, peer to peer trading can’t be censored or stopped. It has been designed to be very easy to use, and because it is an open network, it means that the code is completely transparent and open. BitSquare takes security very seriously though, and is incredibly safe. The decentralised arbitration system and security deposits protects traders, and the exchange will never hold your funds, ensuring that your transactions are incredibly secure. Every transaction that you carry out is private, which means that no one, except trading partners will exchange personally identifying data.
The fee for BitSquare is based on a certain formula, dependent on trade amount and distance to market price. The trade fee is calculated through the following formula - Trading fee = max(MinFee, DefFee * amount * AmountFactor * MarketPriceFactor)