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Topic: Localbitcoins serving the bitcoin community (Read 111 times)
farhaan
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Localbitcoins serving the bitcoin community
December 25, 2017, 12:54:57 PM
Last edit: December 25, 2017, 01:39:21 PM by farhaan
#1
Hi, today i sent 0.01 btc from my electrum wallet to localbitcoin wallet.I was only able to send it when i set a fee of 0.0004 BTC.Then localbitcoins charged me an incoming fee
of 0.00162 BTC.I was shocked to see the fee.So,totally i have spent 0.002 BTC for transferring 0.02 BTC.
That's almost 10%
of the total amount sent.
I think that if satoshi is still alive and see this,he would even die out of a cardiac arrest.
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Laregrell
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Re: Localbitcoins serving the bitcoin community
December 25, 2017, 02:04:16 PM
#2
Quote from: farhaan on December 25, 2017, 12:54:57 PM
Hi, today i sent 0.01 btc from my electrum wallet to localbitcoin wallet.I was only able to send it when i set a fee of 0.0004 BTC.Then localbitcoins charged me an incoming fee
of 0.00162 BTC.I was shocked to see the fee.So,totally i have spent 0.002 BTC for transferring 0.02 BTC.
That's almost 10%
of the total amount sent.
I think that if satoshi is still alive and see this,he would even die out of a cardiac arrest.
they use high fee to make sure transaction will confirmed before 24 hour end.
good fee is 910 satoshis/byte so that you find it high.
source
https://bitcoinfees.earn.com
niotib
Full Member
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Activity: 228
Merit: 100
Re: Localbitcoins serving the bitcoin community
December 25, 2017, 02:19:11 PM
#3
There's no fee between localbitcoins accounts... take advantages of that. Last day, I paid to lbc account holder in dogecoins (transaction fee was 2 doges
) and got back in Bitcoins. You need to use gimmicks like this when it using btc for small transaction.
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Electronic Cash System
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