Amount Sent is Different from the Received One?

Amount Sent is Different from the Received One?

The amount sent and the amount received on cryptocurrency transactions may differ due to transaction fees and currency rate differences.

In the following guide below, let’s say you need to send 0.05 BTC to another wallet.

Sending Cryptocurrency between NoOnes wallets

NoOnes enables zero fees for internal send-outs. So, the amount deducted from your wallet may be exactly 0.05 BTC—If sending 0.05 BTC is equal to 100 USD, the recipient will almost always see the same rate after receiving the transaction. This is due to the fact that transactions within NoOnes are instant. Hence, the effect of currency fluctuations is minimal in such internal wallet transactions.

Sending Cryptocurrency between NoOnes and external wallets

Sending funds to an external wallet will have a fixed NoOnes transaction fees. The amount of crypto you're sending + the fee will be deducted from your wallet. The currency rate will also be different from what the recipient will see in their wallet.

Here's Why:

  • NoOnes may use different rates from those used by the recipient's wallet service. So if 0.05 BTC may be equal to 100 USD in NoOnes, it may be equal to 101 USD or 99 USD in another wallet service.
  • External transactions may take some time; The Bitcoin value may change during this timeframe, which is beyond any cryptocurrency service's control.
    • If 0.05 BTC appears as 100 USD in your NoOnes wallet, it may appear to be worth less or more to the recipient's wallet due to a drop or increase in the value of Bitcoin
    • Keep in mind that you are sending in Bitcoin not in fiat amount, so the recipient will still get 0.05 BTC in this case, regardless of the currency rates. 
  • Some other wallet services may have a deposit fee. NoOnes does not charge any deposit fee.

    • Related Articles

    • Sending or Withdrawing Cryptocurrency on NoOnes

      When you sign up for a NoOnes account, you receive a free wallet that allows you to send various cryptocurrencies to both internal and external wallets. To send cryptocurrency from your NoOnes wallet: Log in to your NoOnes account and head to the ...

    • Minimum Limit for Cryptocurrency Transactions on NoOnes

      Currently, the smallest amount of cryptocurrency you can send in a transaction is $5 equivalent. The smallest amount of cryptocurrency you can send to another NoOnes user is $1 equivalent. One of the reasons behind these limits is to prevent spamming ...

    • Receiving or Depositing Cryptocurrency on NoOnes

      When you sign up for a NoOnes account, you get a free wallet and an address specific to the cryptocurrency and network you wish to use, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), TON (TON), Solana (SOL) and Monero (XMR). ...

    • Cryptocurrency was sent to my NoOnes Wallet but I don't see it on my balance

      If the Cryptocurrency sent to your NoOnes wallet isn’t showing up on your balance, it doesn’t mean that your funds are lost. Here's what you can do: 1. Make sure that the funds were sent to the correct wallet address. If they were sent from an online ...

    • I Sent Cryptocurrency from My NoOnes wallet but it doesn't appear on the Recipient's Balance

      The Cryptocurrency you sent may not appear immediately in the recipient's wallet balance but that doesn't mean that the funds are lost. Here are some steps for you to figure out what could have happened: Make sure you have sent the Cryptocurrency to ...