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)