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Topic: Too high transaction fees? - page 2. (Read 2536 times)

legendary
Activity: 1456
Merit: 1000
January 01, 2015, 02:38:38 PM
#2
Have you thought about keeping address and importing private key?

With faucets being so low you don't really want to pay a fee.   Without fee it's hard to tell how long to confirm.   If you can import private key that would save any fees.  Also treat the key as gold as it can control your BTC.
full member
Activity: 136
Merit: 100
January 01, 2015, 02:35:18 PM
#1
Through several faucets I managed to gather 0.0005 BTC (Yay!)  Grin

These 'funds' are on Core Bitcoin wallet (updated to the latest version, block chain current)
I just created Electrum wallet.
Now I'm trying to transfer that fortune from core wallet to electrum wallet, just playing around to see how this sending/receiving works.

I tried to send 0.004 btc to electrum wallet. I get error msg that 0.003 transaction fees exceed total amout - which is correct. Problem is, I have set transaction fees to 0.00000001 BTC on both wallets. This setting is being ignored.

Questions:

Why is my 0.00000001 transaction fee being ignored?
What is the minimum transaction fee I can set?
Can I send for free, no transaction fees included? How? (tried to set fee to 0.0 but it is also ignored)
What am I doing wrong, what should I do next?

I mean, I was getting much smaller amounts from faucets. I doubt they are paying 0.0003 BTC fee to send me 0.00001 BTC or less?!?
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