Noob question: Most every seller I have looked at says something along the lines of “Make sure to send the amount + network fees.” So how do I determine what network fees to include? Aren’t the network fees automatically deducted from the transaction? For example, on the transaction page the Local Monero instructions say, “Network transaction fees associated with settling the trade will be deducted from the trade amount, meaning you’ll receive slightly less than the amount shown.”
As a note, I asked three different sellers to clarify, but after waiting some time not a single one responded so I canceled the transactions because I certainly don’t want to mess up my very first transaction!
When the sellers ask for this, they mean that when you’ll be paying them from your own Bitcoin wallet make sure to send the exact amount expected. This is the default behavior on most Bitcoin wallets, unless you explicitly specify that you want the fee to be deducted from the transfer amount.
Example:
BTC tx to address X for 1 BTC;
BTC tx fee: 0.0001 BTC;
Total amount that’ll be deducted from your wallet: 1.0001 BTC
Total amount that the recipient will get: 1 BTC
Thank you for the clarification!
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