How should I calculate a net value after a BTC withdrawal from an exchange?

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Many exchanges have a withdrawal fee (such as Poloniex, which charges customers in 0.0005 BTC on average) and these fees are mostly for network costs.

Should I consider as a general rule that the net value of a cryptocurrency withdrawal is amount - withdrawal fee - network fee or just amount - (withdrawal fee OR network fees) if an exchange doesn't have these fees explicit?

Victor F

Posted 2019-09-28T09:51:44.910

Reputation: 126

1I think your 'general rule' is probably correct in most cases, but ultimately you're asking about the policy of a business, not some rule inherent to the function of the bitcoin network/protocol.chytrik 2019-09-28T21:32:48.047

oh sure, definitely not about bitcoin network, but more about what is the done thingVictor F 2019-09-30T09:38:59.353

No answers