You probably sent a lot of tiny coins. Bitcoin transaction fees are calculated based on the storage space taken by your transaction on the blockchain.
Bitcoin transaction fees are based on how many bits it takes up, NOT based on the amount. If you send $10 billion and the size of the transaction is the same, the fee will still be your $0.11.
Topic: bitcoin transfer fees? - page 2. (Read 1367 times)
First of all I'm no computer wizz so maybe its something I'm doing wrong but I always read articles that say it only costs a tiny percentage to send bitcoins, today I sent $0.05 from my blockchain wallet to a different wallet I have just as a test and it cost me $0.11 in fees, WTF, and I thought banks were ripping me off.
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