Are there any fees for trading on SI Predict?

SI Predict’s goal is to offer a low-friction trading experience. There are no fees to simply open an account or browse markets. When it comes to trading, the platform may charge a small fee on each transaction – this could be a tiny percentage of your trade or a spread that’s built into the buy/sell price. (For example, you might notice you pay slightly above the current market price when you buy, and sell slightly below it; that difference can include a platform or liquidity provider fee.) Any such fee will be transparently shown in the trade confirmation before you finalize a transaction. Additionally, because trading happens on a blockchain, there are sometimes network “gas” fees, but on the Truth Network these are designed to be minimal (and often the platform covers them or batches transactions to make them negligible for the end-user).

To illustrate, if you buy 100 USDC worth of shares, and there’s a 1% trading fee, you’d pay 1 USDC in fee (embedded in the trade) and 99 USDC would go into the shares you’re purchasing. If SI Predict uses an Automated Market Maker model, a portion of that fee might go to liquidity providers (the users or entities who supplied funds to the market) as their reward, and a portion to the platform for maintenance. In some cases, SI Predict might run promotions with zero trading fees to encourage activity (some platforms do this), but generally expect a small fee per trade.

There are also fees associated with the fiat on-ramp/off-ramp via MoonPay. MoonPay will charge a processing fee when you buy USDC with a credit card or cash out USDC to your bank. Those fees are set by MoonPay and will be disclosed at the time of transaction (often a percentage of the amount, plus maybe a flat card fee). These are external to SI Predict’s trading itself.

Always check the fee information given during deposit or trade confirmation so you know the cost. SI Predict is committed to keeping fees competitive and transparent. There are no hidden monthly fees or subscription costs – you only pay small fees as you trade or move money in/out.