Should you overpay by a little when sending to walletless transactions? : DarkNetMarkets | Torhoo darknet markets

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Just pay what they ask. Your wallet will take the fee out and seen exactly the amount needed. As for specifics on how markets deal with over payments it would be better to ask the market you intend to use.

If it says "send 1.0012345 xmr to this address", copy and paste 1.0012345 into ur wallet to send, that's a locked in rate and what the system is waiting to detect. ur fee's don't get subtracted from what you send so its good.

Best to know what wallet you use does. Does your wallet subtract the fees or add the fees when creating transactions? I know Electrum you can change wheter you add or subtract for transactions and sometimes Trust wallet might subtract with some coins. But all in all do what you can afford but I always send the exact amount.

you should not have to do this. the important thing though is that you send the correct amount after subtracting transaction fees. most wallets will let you specify the amount after transaction fees. but i know there have been plenty of times where someone would send coin to a vendor shop i managed and they'd be short a tiny amount. i guess they were using a wallet that didnt let you speciy the amount after transaction fees. but most popular wallets should not be a problem. but once in a while id get a support ticket where the buyer was short like .00001BTC and would have to manually push it through.

where it goes depends. on vendor shops i managed, the extra coin went to the vendor because it was their wallet. many markets will maintain a wallet onsite where refunds will go to as well as overpayments. i would assume that most markets would roll over the over payment onto your market wallet and you can withdraw it as long as its above the min to withdraw.

dont be confused about walletless transactions. At the end of the day, its still a wallet on the market. for markets where you make an order and then send the exact amount - its still a wallet, just implemented a little differently. the coins are still on the market's own wallet. the only advantage is that it discourages buyers from having more coin than absolutely necessary on the market. The only exception would be vendor shops that are direct pay to the vendor. In those cases, the vendor shop itself probably does not have a hot wallet. Instead its a wallet that belongs to the vendor. some vendor shops might have a hot wallet but at least for the ones i built, the shop never actually held a wallet. It only generated deposit addresses from the vendor's wallet but it didn't have any private keys so it couldn't send coin. The main disadvantage to that is that refunds need to be handled by the vendor themselves if they cancel orders.

the market needs a hot wallet too in order to process vendor withdrawals for finalized orders. now most markets i would assume has cold storage wallets that hold most of coin from escrow and they fund the markets hot wallet periodically to ensure the vendor can withdraw funds and the buyer can withdraw funds from cancelled orders.

the terrm 'walletless' can be a bit misleading. markets will have a market hot wallet. really the term just means that you create your order first, then it tells you how much to deposit and you send that coin exactly. if you overpay or an order gets cancelled, the coin is usually credited to your market account and then you can request a withdrawal. Vendor shops can work a bit differently bc its just one vendor so its feasible to have a completely offsite wallet. but you could not really scale that to a market.

Just send the amount requested to the address specified once you've verified the address

Escrow is based off the xmr amount, not the dollar value. Send the exact amount.