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1  Other / Beginners & Help / Understanding fees on: December 23, 2016, 04:32:40 PM
Hi, guys!

I can't understand, why I have such high minimal fee (0.53 USD on Electrum wallet) to transfer anything. I read this doc many times, but it doesn't help a lot

https://en.bitcoin.it/wiki/Transaction_fees

Quote
A transaction was safe to send without fees if these conditions were met:

It is smaller than 1,000 bytes.
All outputs are 0.01 BTC or larger.
Its priority is large enough (see above)

I don't know the size of my transaction. And I guess this information is irrelevant, so now every transaction has some fees.

Here is my transaction, for example:

https://blockchain.info/tx/09f79b6070924b50697919863356ca937ff2967297669bd567e6d5329caa2566

Bitcoin.org says "Low processing fees". But now it looks like my local bank charges me from 0$ (from card to card in my bank) to 0.327$ (wire transfer) per transaction. Bitcoin charges 0.53$, which is bigger.

Please help me understand. Thank you!
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