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Author Topic: Bitcoin limit per transaction  (Read 457 times)
drifalont (OP)
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September 08, 2017, 10:00:00 AM
 #1

Any one tell me how much maximum bitcoin can be transfer in a SINGLE transaction from one account to an other account in blockchain??
Bitfort
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September 08, 2017, 10:24:04 AM
 #2

Any one tell me how much maximum bitcoin can be transfer in a SINGLE transaction from one account to an other account in blockchain??

I believe there is no limit ... check this one: https://blockchain.info/tx/3a1b9e330d32fef1ee42f8e86420d2be978bbe0dc5862f17da9027cf9e11f8c4  ( should be sufficient for your needs  Grin )

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ranochigo
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September 08, 2017, 10:39:50 AM
 #3

Any one tell me how much maximum bitcoin can be transfer in a SINGLE transaction from one account to an other account in blockchain??
If you're using a wallet that isn't controlled by a third entity (eg. Blockchain.info, Coinbase), you are free to transfer as much as you want. If you're using a wallet that is indirectly controlled by a third entity, they can freeze your account for whatever reason they like, even this.

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DannyHamilton
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September 08, 2017, 11:36:34 AM
 #4

Technically, it is impossible for anybody to ever transfer more than 20999999.9769 BTC in a single transaction.
aleksej996
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September 08, 2017, 12:40:12 PM
 #5

Technically, it is impossible for anybody to ever transfer more than 20999999.9769 BTC in a single transaction.

What about that 0.0231 BTC? Cheesy
ranochigo
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September 08, 2017, 12:52:26 PM
Last edit: September 08, 2017, 02:36:43 PM by ranochigo
 #6

Technically, it is impossible for anybody to ever transfer more than 20999999.9769 BTC in a single transaction.

What about that 0.0231 BTC? Cheesy
It doesn't exist. The halving system is not perfect and it is not possible for Bitcoins to have more than that in total.

Well, you do have to think about the coins that were burnt, lost by user and lost by miners (through poor implementation of mining software).

***
It doesn't exist.

The halving system is not perfect

It perfectly rounds down to the nearest satoshi value on every halving.

So, for example, in approximately 31 years when the the block subsidy gets cut in half from 9,765,625 satoshis, the new value will be 4,882,812 satoshis (instead of 4,882,812.5 satoshis).
As in the total amount at the end will tend to 21 million Bitcoins but will not be 21 million Bitcoins.

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Ayush rana
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September 08, 2017, 02:32:45 PM
 #7

While transferring money to bank account. Are we going to pay tax to government? And if we are, who this whole thing get processed?

DannyHamilton
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September 08, 2017, 02:33:54 PM
 #8

It doesn't exist.

The halving system is not perfect

It perfectly rounds down to the nearest satoshi value on every halving.

So, for example, in approximately 31 years when the the block subsidy gets cut in half from 9,765,625 satoshis, the new value will be 4,882,812 satoshis (instead of 4,882,812.5 satoshis).

and it is not possible for Bitcoins to have more than that in total.

Correct.

It is possible for it to have less (and it will have less due to a mining bug early on as well as bitcoins sent using nonredeemable scripts), but it is not possible for it to have more.

Well, you do have to think about the coins that were burnt, lost by user

Correct.  However, there is no guarantee that those are actually burnt or actually lost.  People who claim that they lost their bitcoins could be lying, and creators of burn addresses could by lying about not knowing the private key.

and lost by miners (through poor implementation of mining software).

Which is why I said "impossible for anybody to ever transfer more".  It will always be possible to transfer less, but regardless of any amount lost or found, it will never be possible to transfer more.
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