Transaction amount

[newIndia]

When I am sending BTC to someone how do I know how much will reach him ? For example if I send 1 BTC he may get 0.999 BTC and 0.001 BTC may go as transaction charge... is not it ? Can I predetermine how much will reach the sender and send accordingly ?

[guybrushthreepwood]

When I am sending BTC to someone how do I know how much will reach him ? For example if I send 1 BTC he may get 0.999 BTC and 0.001 BTC may go as transaction charge... is not it ? Can I predetermine how much will reach the sender and send accordingly ?

He will receive whatever you send. You can chose the transaction fee yourself.

[Kluge]

It's customary for the sender to always take the transaction fee hit and send the full amount. Payment processors like Bitpay will not accept a .9999 BTC payment with .0001BTC fee for a 1BTC transaction.

I don't think there are any clients which will allow you to send, say, 1BTC, and automatically have the fee deducted from the amount you intend to send, except maybe some online wallet services. It instead is a completely separate dialogue box, so you have "amount to send," and "fee to include," with the fee being taken out of your wallet independently from the amount to send. (so if you send 1BTC and pay a .0001BTC fee, the total amount leaving your wallet would be 1.0001BTC.)

[newIndia]

Thanks a LOT for the explanation

[aplecoiner]

Whatever wallet you use, the fees depends.

If you use blockchain wallet, you can fix a fee for transaction by selecting custom option while sending bitcoins. Some wallets put a default 0.0005 fee.

[infinitybo]

@NewIndia Your transaction amount seems effectively problematic anyways you should know about the fees include  by now

[bitpop]

Sender pays