
All payments made through this site are in Bitcoins. All services The BlackBox Market provides, as well as the transactions themselves, are conducted in Bitcoins. There are three sources of fees on this site. The first is to rent a BlackBox to host your sale (paid by the seller), the second is a fixed percentage on each transaction (paid by the buyer) and the third is an optional Escrow service (paid by the buyer). In addition, there is a small amount added to each sale as a transaction fee. This fee enables us to have some flexibility should we discover any security flaws in our Bitcoin network and will fund research in the area.
The current fee structure is as follows:
Fee Description | Fee |
---|---|
Rent BlackBox (Insertion Fee) | 0.02 BTC |
Fixed Percentage on sale | 10% |
Escrow Fee | 10% |
Transaction Fee | 0.025 BTC |
For security reasons, all Escrow services are provided by The BlackBox Market. We do not make use of the Escrow services provided by Bitcoin itself as this associates buyers and sellers. This system is automated and no communication between parties is required.
Please note that amounts paid can vary by small amounts (typically 0.0005BTC). This is due to technical limitations and variability in the Bitcoin transactions fees that cannot be predicted.