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Guys i am trying to understand how does a 'transaction fee' work and 'widthrawal fee' work on all BTC Exchanges.

Let's simply things and assume i want to BUY BTC on an Exchange that has 0.45% fee for transaction.

The BTC Price currently is 1000$ I have 500$ meaning i would buy 0.5BTC.

Ok, so i paid the Exchange 500$ and created an BUY Order. Immediately in a second it was Matched with a opposite order that was: SELL 3 BTC @ 1000$

So i Got my 0.5BTC for 500$ And his order is now 2.5BTC @ 1000$

1) So do i have my 0.5BTC or it was reduced by 0.48% ? Giving: 0.5BTC - (0.5BTC * 0.048) = 0.5 - 0.024 = 0,476BTC ?

2) What if my Order was partially filled (0.25BTC and 0.25BTC) - does that mean that the fee is applied to both 0.25BTC and 0.25BTC or for the Sum (0.5)

  • This is Bitcoin related insofar as the currency in the example is bitcoin. This is really a question about exchange rates, and how they work. – KJ O Oct 28 '15 at 22:48
  • @KJO Those questions are ontopic. – Nick ODell Oct 29 '15 at 2:01
  • Not really about bitcoin. Question is about procedures (subject to change anyway) of a specific exchange (without naming which one). – Jannes Oct 29 '15 at 2:04
  • Your math is off, it should be 0.5 - (0.5 * 0.048/100) = 0.49976 – Wizard Of Ozzie Oct 29 '15 at 14:32
  • @WizardOfOzzie Shouldn't that be 0.0048 ? EXAMPLE: 0.0113 BTC @ 1149.00USD WHERE FEE = 0.48% MY FEE = 0.0113 * 0.0048 = 0.00005424 YOURFEE = 0.0113 * (0.048/100) = 0.000005424 In your example there is one extra 0 – PeeS Oct 29 '15 at 15:05

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