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Author Topic: Moved BTC between wallet and paper wallet, now some is missing?  (Read 351 times)
jofus87
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November 22, 2013, 08:54:16 PM
 #1

I'm trying to wrap my head around this. I'm obviously new to Bitcoin, and I wanted to test out the paper wallet feature of blockchain.info. So, I moved 0.0001 BTC from my wallet to my paper wallet. Then, I scanned the QR code from my paper wallet to redeem, but what's odd is that the transaction registered as -0.0005 BTC. Now my total wallet ballance is 0.0006 BTC fewer than when I started. What happened? Where did my BTC go? I'm really glad I started with such small fractions, because this is pretty irritating. Any help?

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barbierir
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November 22, 2013, 08:55:54 PM
 #2

probably the transaction fee?





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dominicwin
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November 22, 2013, 08:56:00 PM
 #3

it costs transaction fees to transfer bitcoin back and forth between addresses. Now that you proved it works you can move around your larger amounts of bitcoin to safe storage.

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jofus87
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November 22, 2013, 09:01:13 PM
 #4

Oh, right! I was under the impression that there were no transaction fees (isn't that one of the big points of bitcoin?). It's just a few cents, so no big deal, but that was pretty confusing. Thanks guys!
cr1776
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November 22, 2013, 09:15:09 PM
 #5

There are some good explanations of fees:
http://bitcoinfees.com

https://en.bitcoin.it/wiki/Transaction_fees

:-)


Oh, right! I was under the impression that there were no transaction fees (isn't that one of the big points of bitcoin?). It's just a few cents, so no big deal, but that was pretty confusing. Thanks guys!
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