Deposit Fees Question

Yesterday I purchased a gram of gold for 57.33 CAD via a bank deposit from a Canadian bank. This transaction yielded a plus 0.987g of gold in my recent activity. I take this to mean that BitGold deducts its fees immediately from the sum of the requested gold purchase ( rather than in addition to the sum). What I don't understand is that the difference between the 1 gram purchase and the gold increase (+0.987) equals about 1.3%, higher than the 1% advertised transaction fee.

(1-0.987) / 1 = 0.013 or 1.3%

What am I missing?

Best Answer


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