Bitcoin Forum

Other => Beginners & Help => Topic started by: 7Priest7 on December 02, 2013, 05:54:42 PM



Title: Fee required?
Post by: 7Priest7 on December 02, 2013, 05:54:42 PM
TX: 8d37a10fdd6d39ee9ccc39f296ebbf028c7cce4b85a3b6208efd97920ba3eb2a (https://blockchain.info/tx/8d37a10fdd6d39ee9ccc39f296ebbf028c7cce4b85a3b6208efd97920ba3eb2a)

As you can see I was charged a 0.0002 BTC fee :(

Was this fee required or a flaw in blockchains policies/applications?

Thanks


Title: Re: Fee required?
Post by: DannyHamilton on December 02, 2013, 08:46:35 PM
Was this fee required

No fees are ever "required", although getting a transaction confirmed without fees can be difficult sometimes.

or a flaw in blockchains policies/applications?

Doesn't look like a "flaw".  You chose to use a wallet or service that paid a fee of 0.0002 BTC for a transaction of 943 bytes.  That is slightly more than typical, but still a very reasonable fee.  What fee were you expecting?


Title: Re: Fee required?
Post by: raspcoin on December 02, 2013, 09:20:21 PM
The typical fee is 0.0001 BTC per 1000 bytes of transaction size. Your fee was only slightly higher than usual, but still unnecessarily high, so you may want to lower it in the future.


Title: Re: Fee required?
Post by: 7Priest7 on December 03, 2013, 02:59:35 AM
Doesn't look like a "flaw".  You chose to use a wallet or service that paid a fee of 0.0002 BTC for a transaction of 943 bytes.  That is slightly more than typical, but still a very reasonable fee.  What fee were you expecting?

I set my fee settings to 0.00000000 blockchain kept complaining about insufficient funds.

When I tried on blockchain via their website it gave me a option of continuing with what is available.

I guess blockchain changed their policies on fee-less transactions, no more using blockchain for me.


Title: Re: Fee required?
Post by: Itun on December 03, 2013, 03:01:43 AM
Try using Coinbase

I believe that Coinbase pays the transaction fees for you.