In experimenting with the stellar DEX I've acquired 0.0001 BTC from NaoBTC. NaoBTC withdraw page states:

If your wallet or tool supports it, send your BTC asset to a address like this: 1BTCAddressYouProvided*naobtc.com We will send out bitcoin to the address you provided.

So I logged into StellarTerm clicked account-->send and in the destination field I filled 0.0001BTC<MY_WALLET_ADDRESS>*naobtc.com and got the response Unable to resolve address.

If I fill in <MY_WALLET_ADDRESS>*naobtc.com (i.e. without the BTC amount) it seems to be able to resolve the address, although I'm not sure how the transfer could then take place without me requesting a specific amount.

Any ideas on what I'm doing wrong?

1 Answer 1


That's right, you need to put it as <MY_WALLET_ADDRESS>*naobtc.com

for amount there is a separate field in every wallet.

But for amount like yours I don't recommend you doing this. Withdrawal fee is 0.0005 BTC as far as I know (UPDATE: looks like withdrawal fee is 0.0002 BTC) , so you just gonna lose your coins. The only way is to exchange it back to XLM and work with that.

  • Wanting to test the process and not caring about fees I sent 0.0001 BTC to <MY_WALLET_ADDRESS>*naobtc.com and while my account on stellarterm now shows I have 0 BTC (as opposed to 0.0001 before), I can't see any withdraws corresponding the transaction time in NaoBTC's withdraw query page nor do I see BTC added to my BTC wallet. It's been 80 minutes since I made the transaction, I'll wait some more to see if something changes.
    – hillel
    Jun 12, 2018 at 20:07
  • 1
    as I said, it's because fee exceeds your withdrawal, it has been consumed completely. You won't see any transaction on Bitcoin network.
    – umbrel
    Jun 12, 2018 at 23:57
  • Right. I was expecting it the transaction to be rejected if the fee exceeds it, but reading up a bit I realize it doesn't work that way. In any case, I retried to send 0.0006 BTC and this one got through (with a 0.0002 fee).
    – hillel
    Jun 14, 2018 at 7:58
  • ok, means my info about fee amount is outdated
    – umbrel
    Jun 14, 2018 at 23:45

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.