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Author Topic: Mt Gox withdrawal small amounts  (Read 348 times)
bitfever (OP)
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April 09, 2013, 07:19:05 AM
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I am testing out my wallet (cold storage) and I am trying to figure out how to send small amounts without fees.  I could not find anything in the FAQ regarding transferring small amounts (~0.1 BTC).  How do I transfer small amounts, and is it typical to have transaction fees for transfers in BTC?  I thought a point of BTC is to be able to transfer freely without fees, maybe I am mistaken.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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n691309
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April 09, 2013, 07:35:11 AM
 #2

I am testing out my wallet (cold storage) and I am trying to figure out how to send small amounts without fees.  I could not find anything in the FAQ regarding transferring small amounts (~0.1 BTC).  How do I transfer small amounts, and is it typical to have transaction fees for transfers in BTC?  I thought a point of BTC is to be able to transfer freely without fees, maybe I am mistaken.

I you have in your address 0.1 BTC which you received in one transaction, then you have to wait at least 10 days to be able to send it without transacion fees, in other words x bitcoin days.

https://en.bitcoin.it/wiki/Transaction_fees
bitfever (OP)
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April 09, 2013, 03:38:08 PM
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I have sent various amounts to my MtGox account through mining and transfer from bitfloor.  It seems this issue is a policy of MtGox.  Should I just transfer back to Bitfloor?  I am afraid of my wallet getting hacked into online, but I have not transferred to my own wallet yet and want to test it first.
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