Fees

Two fees. Both shown in the app before you sign.

Side	Fee	When it's charged
Writer	5% of premium	When a buyer accepts. You receive the rest immediately.
Buyer	20% of profit	Only on options that expire in the money. No profit, no fee.

Writer example: buyer accepts at a 2% premium on 1 BTC (0.02 BTC). After the 5% fee, you receive 0.019 BTC.

Buyer example: gross profit of 0.01 BTC at expiry. After the 20% fee, you receive 0.008 BTC.

No spreads. No fees on cancellations. No fees on losses. The Bitcoin network fee on withdrawals is separate.