I had a similar experience when I first started purchasing, depositing and withdrawing bitcoins from exchanges. Qite often I ended up with less than I thought I would get due to fees. It is quite annoying to begin with, but I suppose the exchanges must make a profit somehow in order to be able to continue running.
Topic: Question on BTC-E commission (Read 572 times)
Why would it give me less than I asked for?
Because BTC-E charges a transaction fee for trades?
Surely it would not fulfill my order unless it was actually going to give me precisely 0.01 BTC
It appears that it fulfilled your order for exactly 0.01 BTC, and then deducted the fee from the resulting value.
How do I get the trade API to give me precisely what I asked for?
Account for the fee that you'll have to pay when making your request?
So, no one knows...?
BTC-E has a commission of 0.02%
BTC-E has a commission of 0.02%
It appears that you've already answered your question (although, I think BTC-E fee is higher than 0.02%).
So, I asked for 0.01 BTC, and it gave me 0.0098. This means that it's deducted the 0.2% from BTC
It looks like it gave you 0.00998 (not 0.0098). And yes, clearly they deducted the 0.2% from the BTC.
But surely, the way it should work, is by adding 0.02% to the USD amount I paid, rather than deducting from the BTC amount.
Obviously not.
Does anyone have experience with BTC-E..?
It appears that you now do.
Is it really supposed to work in such a backwards way...?
Based on your experience, it appears that it works exactly this way. I'm not sure that this is "backwards". Have you reviewed their TOS? Does it say anything about how the fee is calculated?
So, no one knows...?
BTC-E has a commission of 0.02%
So, I asked for 0.01 BTC, and it gave me 0.0098. This means that it's deducted the 0.2% from BTC
But surely, the way it should work, is by adding 0.02% to the USD amount I paid, rather than deducting from the BTC amount.
Does anyone have experience with BTC-E..? Is it really supposed to work in such a backwards way...?
BTC-E has a commission of 0.02%
So, I asked for 0.01 BTC, and it gave me 0.0098. This means that it's deducted the 0.2% from BTC
But surely, the way it should work, is by adding 0.02% to the USD amount I paid, rather than deducting from the BTC amount.
Does anyone have experience with BTC-E..? Is it really supposed to work in such a backwards way...?
I have been using the BTC-E trading API.
I did a buy of 0.01 BTC at $878.5 BTC value
It fulfilled my order, but it only gave me 0.00998 BTC
Why would it give me less than I asked for? Surely it would not fulfill my order unless it was actually going to give me precisely 0.01 BTC
How do I get the trade API to give me precisely what I asked for?
---
Here is the return of the API...
array(2) {
["success"]=>
int(1)
["return"]=>
array(4) {
["received"]=>
float(0.01)
["remains"]=>
int(0)
["order_id"]=>
int(0)
["funds"]=>
array(11) {
["usd"]=>
float(1.17637691)
["btc"]=>
float(0.00998)
}
}
}
I did a buy of 0.01 BTC at $878.5 BTC value
It fulfilled my order, but it only gave me 0.00998 BTC
Why would it give me less than I asked for? Surely it would not fulfill my order unless it was actually going to give me precisely 0.01 BTC
How do I get the trade API to give me precisely what I asked for?
---
Here is the return of the API...
array(2) {
["success"]=>
int(1)
["return"]=>
array(4) {
["received"]=>
float(0.01)
["remains"]=>
int(0)
["order_id"]=>
int(0)
["funds"]=>
array(11) {
["usd"]=>
float(1.17637691)
["btc"]=>
float(0.00998)
}
}
}
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