Hello,
Just trying to understand how the fees work.
I am trying to buy ~$25 worth of DENT with ETH. Here's what I'm seeing:
- 1 DENT is about 1e-6 ETH
- I've got 0.076e ETH in the account
- This means I can buy about 76,000 DENT
Now, the fee I see is 0.1%, seems reasonable. This would be reasonable if the 0.1% was of the PURCHASE PRICE, or in other words $25 * 0.1% = 2.5 cents.
Instead what I am seeing is the 0.1% fee is based on the something else... I am purchasing 76,000 DENT ($25 dollars worth, or 0.076ETH), and the transaction fee is 0.076ETH (25$!)
So what is going on here? What is the 0.1% applied to?