Bitcoin Forum

Bitcoin => Electrum => Topic started by: CODEbits on November 14, 2017, 10:55:25 AM



Title: electrum hidden fees charged 30$ for a 0.7$ txn
Post by: CODEbits on November 14, 2017, 10:55:25 AM
its ok


Title: Re: electrum hidden fees charged 30$ for a 0.7$ txn
Post by: buwaytress on November 14, 2017, 11:59:23 AM
Electrum doesn't have hidden fees. In fact, it has no fees. The fees are set by you.

According to your screenshot, this is what you did:

1. You spent 1,046 satoshis.
2. You set dynamic fees at 5 satoshi/byte. Your tx size was 226 bytes, therefore, you opted to pay 226*5, which comes to 1,130 satoshi (0.0000113 BTC), as shown in the screenshot.
3. The arrow you are referring to is a change address. You probably enabled change address in Electrum, which just means that you'll get that balance (0.00441999) into a different address, but still owned by your wallet. If you don't want this to happen again, disable Change Address. Tools> Preferences > Transactions > uncheck the box "use change addresses"

Check your total balance, bottom left window. Everything will be there.

Or check the Addresses Tab> Receiving> All. You'll find that 0.00441999 in your change address.


Title: Re: electrum hidden fees charged 30$ for a 0.7$ txn
Post by: CODEbits on November 14, 2017, 12:16:42 PM
Electrum doesn't have hidden fees. In fact, it has no fees. The fees are set by you.

According to your screenshot, this is what you did:

1. You spent 1,046 satoshis.
2. You set dynamic fees at 5 satoshi/byte. Your tx size was 226 bytes, therefore, you opted to pay 226*5, which comes to 1,130 satoshi (0.0000113 BTC), as shown in the screenshot.
3. The arrow you are referring to is a change address. You probably enabled change address in Electrum, which just means that you'll get that balance (0.00441999) into a different address, but still owned by your wallet. If you don't want this to happen again, disable Change Address. Tools> Preferences > Transactions > uncheck the box "use change addresses"

Check your total balance, bottom left window. Everything will be there.

Or check the Addresses Tab> Receiving> All. You'll find that 0.00441999 in your change address.

thank you much,


Title: Re: electrum hidden fees charged 30$ for a 0.7$ txn
Post by: CODEbits on November 14, 2017, 12:30:46 PM
Electrum doesn't have hidden fees. In fact, it has no fees. The fees are set by you.

According to your screenshot, this is what you did:

1. You spent 1,046 satoshis.
2. You set dynamic fees at 5 satoshi/byte. Your tx size was 226 bytes, therefore, you opted to pay 226*5, which comes to 1,130 satoshi (0.0000113 BTC), as shown in the screenshot.
3. The arrow you are referring to is a change address. You probably enabled change address in Electrum, which just means that you'll get that balance (0.00441999) into a different address, but still owned by your wallet. If you don't want this to happen again, disable Change Address. Tools> Preferences > Transactions > uncheck the box "use change addresses"

Check your total balance, bottom left window. Everything will be there.

Or check the Addresses Tab> Receiving> All. You'll find that 0.00441999 in your change address.

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