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63 lines
2.5 KiB
Markdown
63 lines
2.5 KiB
Markdown
---
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layout: single
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title: On-chain Payouts
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permalink: /docs/on-chain-payouts/
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sidebar:
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title: '<img id="side-icon-verybig" src="/assets/vector/link-solid.svg"/>On-chain Payouts'
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nav: docs
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src: "_pages/docs/03-understand/14-on-chain-payouts.md"
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---
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Although Robosats is an exchange built on top of the lightning network, there
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is an option however, for the buyer to receive their sats to an on-chain
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bitcoin address. This is referred to as an on-chain payout or sometimes,
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on-chain swap (not to be confused with [P2P Swaps](/docs/swaps)). On the UI,
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this option is available after the taker has locked their bond. When the order
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status is on "Waiting for buyer invoice", you should see two options -
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"Lightning" and "Onchain":
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<div align="center">
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<img src="/assets/images/understand/14-on-chain-payouts/contract-box-on-waiting-for-buyer-invoice.png"/>
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</div>
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When you click on the on-chain address option you see the following:
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<div align="center">
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<img src="/assets/images/understand/14-on-chain-payouts/on-chain-box.png"/>
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</div>
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An overview of the fees is displayed and you can enter an on-chain bitcoin
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address for the payout and also enter the mining fees. The *Swap fee* is an
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additional fee that Robosats charges for making the on-chain payment. This does
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not include the taker/maker fees. The Swap fee is charged on the amount after
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deducting the taker/maker fees. In addition to the swap fee, there's also the
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mining fee for the on-chain transaction. You can choose the mining fee that
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suits your need of the hour. The *Mining Fee* input let's you choose the fee
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rate in sats/vbyte.
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If the on-chain address is valid, then the order moves to the next stage as
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usual. At the end, if the trade was successful you should see a screen
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something like this with the transaction id of the payout transaction:
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<div align="center">
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<img src="/assets/images/understand/14-on-chain-payouts/successful-trade-on-chain.png"/>
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</div>
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### On-chain payout fees
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The on-chain payout fees (aka Swap fees) keeps changing from time to time. It
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may range from 1% to 10%. To get the current on-chain fees you can check the
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exchange summary by clicking on the "%" button from the home screen:
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<div align="center">
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<img src="/assets/images/understand/14-on-chain-payouts/exchange-info-icon.png"/>
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</div>
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The exchange summary dialog displays the current value of the on-chain payout fees:
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<div align="center">
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<img src="/assets/images/understand/14-on-chain-payouts/exchange-summary.png"/>
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</div>
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