This article discusses which transactions in your Fireblocks workspace display a gross or net transaction amount, either including or excluding the network transaction fees and exchange withdrawal fees when creating a new transfer.
Withdrawal fees from an exchange to the Fireblocks Vault
Exchanges charge withdrawal fees. For completed transactions, Fireblocks displays the gross amount withdrawn from an exchange. This gross amount includes both the amount withdrawn and the fee. To see additional transactional information, including the exact fee and the net amount per transaction, retrieve the transaction report from the Transaction History.
Transaction reports include the following data regarding transfer amounts:
- Amount: The gross amount withdrawn from the exchange.
- Net amount: The amount sent by the exchange and transferred into the vault account.
- Service fee: The fee that the exchange charged for the transaction.
- Requested amount: The requested withdrawal amount (this is usually the same as the amount, except when an exchange limits the number of decimals that can be stated in the withdrawal amount).
Transaction fees from the Fireblocks Vault to an external destination
Fireblocks displays the net amount withdrawn from a vault account unless the transaction is a “max transaction.” A max transaction displays the gross amount withdrawn from a vault account. When a max transaction is selected in a new transfer dialog, the fee is deducted from the max amount.
To see additional transaction information, including the exact fee and the net amount per transaction, retrieve the transaction report from the Transaction History.
BTC and LTC
BTC and LTC transaction fees are withdrawn from the SegWit or the legacy addresses. Any change from the transaction is sent back to the source vault account's permanent SegWit address. Learn about the benefits of SegWit addresses.
Omni
Omni transaction fees, paid in BTC, are withdrawn from the source vault account’s bitcoin legacy permanent address. Therefore, the legacy permanent address must have sufficient funds to pay the fee. Any change from the paid fee is sent back to the legacy address.