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Author Topic: electrum hidden fees charged 30$ for a 0.7$ txn  (Read 301 times)
CODEbits (OP)
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November 14, 2017, 10:55:25 AM
Last edit: November 17, 2017, 05:38:14 AM by CODEbits
 #1

its ok
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November 14, 2017, 11:59:23 AM
 #2

Electrum doesn't have hidden fees. In fact, it has no fees. The fees are set by you.

According to your screenshot, this is what you did:

1. You spent 1,046 satoshis.
2. You set dynamic fees at 5 satoshi/byte. Your tx size was 226 bytes, therefore, you opted to pay 226*5, which comes to 1,130 satoshi (0.0000113 BTC), as shown in the screenshot.
3. The arrow you are referring to is a change address. You probably enabled change address in Electrum, which just means that you'll get that balance (0.00441999) into a different address, but still owned by your wallet. If you don't want this to happen again, disable Change Address. Tools> Preferences > Transactions > uncheck the box "use change addresses"

Check your total balance, bottom left window. Everything will be there.

Or check the Addresses Tab> Receiving> All. You'll find that 0.00441999 in your change address.

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CODEbits (OP)
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November 14, 2017, 12:16:42 PM
 #3

Electrum doesn't have hidden fees. In fact, it has no fees. The fees are set by you.

According to your screenshot, this is what you did:

1. You spent 1,046 satoshis.
2. You set dynamic fees at 5 satoshi/byte. Your tx size was 226 bytes, therefore, you opted to pay 226*5, which comes to 1,130 satoshi (0.0000113 BTC), as shown in the screenshot.
3. The arrow you are referring to is a change address. You probably enabled change address in Electrum, which just means that you'll get that balance (0.00441999) into a different address, but still owned by your wallet. If you don't want this to happen again, disable Change Address. Tools> Preferences > Transactions > uncheck the box "use change addresses"

Check your total balance, bottom left window. Everything will be there.

Or check the Addresses Tab> Receiving> All. You'll find that 0.00441999 in your change address.

thank you much,
CODEbits (OP)
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November 14, 2017, 12:30:46 PM
 #4

Electrum doesn't have hidden fees. In fact, it has no fees. The fees are set by you.

According to your screenshot, this is what you did:

1. You spent 1,046 satoshis.
2. You set dynamic fees at 5 satoshi/byte. Your tx size was 226 bytes, therefore, you opted to pay 226*5, which comes to 1,130 satoshi (0.0000113 BTC), as shown in the screenshot.
3. The arrow you are referring to is a change address. You probably enabled change address in Electrum, which just means that you'll get that balance (0.00441999) into a different address, but still owned by your wallet. If you don't want this to happen again, disable Change Address. Tools> Preferences > Transactions > uncheck the box "use change addresses"

Check your total balance, bottom left window. Everything will be there.

Or check the Addresses Tab> Receiving> All. You'll find that 0.00441999 in your change address.

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