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Author Topic: n00b Instawallet Misunderstandment  (Read 1325 times)
chorchonga (OP)
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October 04, 2012, 02:03:09 PM
Last edit: October 04, 2012, 02:48:51 PM by chorchonga
 #1

Is this common?  

This is an Instawallet address I set up last night:
http://blockchain.info/address/17pkbCnZKuKaKgAkDUoggumRTjwKnctos8

Instawallet thinks the funds are still there, but you can't send less than .01 via their interface.

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MysteryMiner
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October 04, 2012, 02:19:04 PM
 #2

Add more bitcoins so the balance is over 0.01 and then send all of them to new location.

bc1q59y5jp2rrwgxuekc8kjk6s8k2es73uawprre4j
Ente
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October 04, 2012, 02:19:45 PM
 #3

Is this common? 

This is an Instawallet address I set up last night:
http://blockchain.info/address/17pkbCnZKuKaKgAkDUoggumRTjwKnctos8

Instawallet thinks the funds are still there, but you can't send less than .01 via their interface.

The default behavior is that tiny transactions cost more fees than "normal" transactions. And, to the extreme, any transaction with 0.1 or less bitcoin to be transferred will cost 0.1 bitcoin fee.
As you have less than 0.1 bitcoin in that wallet, you might be out of luck.

Normally I don't seem to pay fees on instawallet. Maybe they set it up to normally not need fees, but this special rule is still active?

Ente
davout
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October 04, 2012, 02:32:41 PM
 #4

We pay a network fee if required, we don't want our user's transactions to get stuck in limbo.
It isn't really a problem because we have a very large volume that makes us able to use old inputs in order to not pay any fee for 99.9% of transactions.

That works well for transactions over 0.01, under that the DoS protection mechanism makes a fee mandatory.

What you see on blockchain.info doesn't relate to your Instawallet as far as outgoing transactions are concerned, that's how a shared wallet works.

OP, you may want to edit your title, nothing was stolen.

chorchonga (OP)
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October 04, 2012, 02:48:05 PM
 #5

Thanks for the help!

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davout
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October 04, 2012, 03:10:29 PM
 #6

Thanks for the help!
No worries Smiley

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