Electrum Sending Fee Question

[viking02]

Im sending btc from my electrum to a gambling site.  However this site has a very strange policy where the amt of btc i want to deposit, i have to type that amt in and they put in the exact amount of btc i have to deposit.  Most importantly i have to do this within 7 minutes or it doesn't work.


Say i want to send 3000 usd and it say send it to this address XXXXXXXXXX, and send exactly 12.48509483 btc.  It also says include miner fees in it.


When i type in the amount into electrum for btc, it shows a 0.0002 BTC fee which i know i pay.  The site tells me dont include that and basically say copy the exact address and btc amount but for sending fee change it to 0?  Does that make sense?  I said wouldnt that make my transfer go slower?  The other thing was they told me the transaction wont go through if its not exactly that amount of btc.


So i said couldn't i just add that btc fee to that btc amount i was given on the page and they said no.


This is bookmaker/betdsi.

[Q7]

When you add the 0.2mbtc, that is the transaction fee that goes to the network. That leaves the net amount that will reach the site account. If the site requires you add additional fee as processing fee for deposit. Just add it to the net amount.

Whatever transaction fee you decide to put will not be of any concern to the site operator.

[nachoig]

The fee goes to the miners, not to the website.

So, if you go to Electrum and "say" to it: send 12.48509483 BTC to address 1xxxxxxxxxxxxxxxx, that addres will receive 12.48509483 BTC, no matter how you pay in fees. The fee is paid by who send the bitcoins, just like who send a letter by the postal service is whose pay to send the postal service, and not the destinatary. Or if you have to send 500 USD via bank transfer, who has to pay the rate is the sender, not the receiver. The same pattern is valid for the gambling website.