Hi there Step, that's a good question. The conversions on Bancor are rather computationally intense. It is not just a simple buy/sell. So the gas price is higher to ensure a quick transaction and make sure it executes. We generally recommend 0.02 ETH for each transaction under normal market conditions. This does not mean the whole amount will be consumed every time. It's also important to note that Bancor takes no piece of these fees, they are gas fees on the Ethereum Network.
I'm afraid that setting an order with 1 BAT would be ridiculously low. Bancor does not take any fees. But, you have to pay gas fees for processing the transaction on the ethereum blockchain. Please, find developer and API tools here with detailed information https://support.bancor.network/hc/en-us/sections/360001492551-Developer-ToolsAlso, you are free to reach out to [email protected] for specific queries.
Did you catch this tweet:"Last week we celebrated our integration with Bancor! 🔥 We've also shared more content including video tutorial on using Bancor+Fortmatic to convert assets across Ethereum and EOSIO, and ways we can help grow the DeFi ecosystem! 🌲"Check it out here: https://twitter.com/fortmatic/status/1148437181003776000?s=21
The Bancor Protocol enables high liquidity for Ethereum-based tokens, regardless of trade volume and without relying on exchanges or market makers.The Bancor Protocol enables automatic price determination and an autonomous liquidity mechanism for tokens on smart contract blockchains. It is an entirely new player in this ecosystem.
Bancor has already integrated with the Ethereum and EOS blockchains, and there are plans to add more. But there has been no specific details given regarding which blockchain will be next, and when that will take place.Bitcoin is a possibility in the future but there is no word yet on if/when that will be.
You might be dealing with coins that wouldn't be compatible with the Ethereum blockchain. I'd suggest that you read up on where in the process KIN's migration is, and ask their team any questions that you have.
There's a lot going on! If you're new to Bancor, you might first visit bancor.network, where you can convert any of 150+ tokens on EOS or Ethereum for each other. You can also take a look at this recent release on staking: http://ban.cr/stakingSee the pinned message for a whole lot more. And be sure to let us know if you have any questions!