I have 0.216 btc in my electrum wallet and I need to transfer that to another online wallet for exchanging purpose. But when I tried to send btc from electrum to the other wallet, its asking a fees of 0.031 btc. Its really a hugh amount. Is that normal or do I need to do some settings in the wallet ? Can anybody help me regarding this matter?
This fee is to much and you should not pay almost 200$ to transfer that
BTC even if it is about many low inputs.I have a similar situation and I send much bigger amount of
BTC for just 0.4 $ fee.Just use manual fee and set it to 100 000 satoshi max or even lower,then you can use ViaBTC accelerator and speed up your transaction.I think it's the simplest thing to do and save a lot of money.