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Trading

Placing a Trade​

To trade:

  1. Open a market
  2. Choose YES or NO
  3. Enter a dollar amount
  4. Confirm

Minimum trade size: $1

You can trade multiple times on the same market. Each trade adds to your position.

Hedging​

You can trade both sides. This lets you hedge. You might add YES early, then later add NO to reduce exposure.

No Early Selling​

info

Beforehand does not support early selling. You cannot exit by selling to someone else. You must wait until the market resolves or is canceled.

Fees​

Trade Fee​

Beforehand charges a fee on every trade amount.

  • Base fee: 5 percent
  • Scaling: The fee scales upward when a user outsizes a market. The scaling is based on the trade size as a percent of the total pool.
  • Cap: The fee is capped at 50 percent

Examples​

  • If the total pool is $10 and a user tries to place $1,000 on one side, the fee could be 50 percent
  • If a user trades a small amount like $2, they pay the base fee (5%)

Fee Allocation​

Of the fee collected:

  • 2 percent is allocated back to users who vote correctly on outcomes
  • The remaining fee is retained by the platform

Ramp Fees​

Ramp providers may charge their own fees for Apple Pay and debit card purchases. Beforehand does not add an extra fee beyond the ramp fee.