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1  Bitcoin / Bitcoin Discussion / Transaction fee of 0.01 BTC when sending 0.01 BTC? on: June 02, 2011, 09:23:46 AM
Hello, I'm a complete newbie when it comes to Bitcoin, and I must admit I'm a bit confused at the moment. As most people, I imagine, the first thing I did was receiving my 0.02 from the faucet. This was a couple of days ago. Then today, I decided to try to use the money, so I went to Double Trouble, and tried to bet 0.01. When trying to send this amount, I got the message "This transaction is over the size limit.  You can still send it for a fee of 0.01 ..." Is this really expected behaviour? The only thing I could find on the forum was mentions of mandatory fees when sending amounts below 0.01.

In the end, I ended up paying the fee (in hindsight, not the smartest thing to do, since at best, the fee was equal to what I would win, but I just wanted to see the money in action). My sending reached 6 confirmations after about 11 minutes. Again, is it usual to wait that long? Considering that I payed a fee, I mean?

(By the way, I did end up winning, so I'm now back at 0.02. Heh.)
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