What is the smallest amount of BTC I can transfer to my electrum wallet

Marvelman

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Quote from: hosseinimr93 on November 16, 2023, 09:08:58 AM

Quote from: Marvelman on November 16, 2023, 08:48:29 AM

Basically, yes, you can transfer any amount you want from one wallet to another.

This is not accurate. You can't make a transaction creating an output which is smaller than the dust limit.
As I said in my previous post, the dust limit is 546 satoshi for legacy addresses and 294 satoshi for native segwit addresses.

Yeah, you're right. I forgot that dust limits are still a thing. Thanks for the correction!

The Cryptovator

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I think the thread is still confusing; we aren't getting what's actually the issue. From where are you going to withdraw? From ViaBtc? If ViaBtc isn't preventing you from withdrawing, then where is the issue actually? Just simply copy the address from the Electrum and send it. Because the amount doesn't seem like dust and it should be approved. When are you going to withdraw something from a centralised platform? They would have withdrawal fees and withdrawal limits as well. To get a solution, please provide more details. Otherwise, we may just speculate instead of giving you a better solution.

hosseinimr93

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Quote from: yhiaali3 on November 16, 2023, 06:13:13 AM

The order was created without any issues so you may have some issues with your Electreum setting.

The problem is probably with the base unit. The base unit has been set to mBTC and OP is entering the amount in BTC.

Quote from: Marvelman on November 16, 2023, 08:48:29 AM

Basically, yes, you can transfer any amount you want from one wallet to another.

This is not accurate. You can't make a transaction creating an output which is smaller than the dust limit.
As I said in my previous post, the dust limit is 546 satoshi for legacy addresses and 294 satoshi for native segwit addresses.

Marvelman

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Quote from: boggym777 on November 15, 2023, 12:35:28 PM

You mean, if I buy 0.000747828 + withdrawal fee, I would be able to withdraw the whole thing?

Basically, yes, you can transfer any amount you want from one wallet to another. But, keep in mind that transaction fees on the Bitcoin network are quite high at the moment. The question of cost effectiveness...

Quote from: boggym777 on November 15, 2023, 12:35:28 PM

How can I deposit the "missing" BTC amount?

That depends on the specific platform. Check their terms or customer support.

rat03gopoh

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Quote from: boggym777 on November 15, 2023, 12:35:28 PM

You mean, if I buy 0.000747828 + withdrawal fee, I would be able to withdraw the whole thing?

Yes but where will you buy?

Quote

How can I deposit the "missing" BTC amount?

Seeing how this platform works, there is no way to deposit. You have to accumulate more bitcoins on the platform itself until the minimum withdrawal amount is reached.

Helena Yu

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Not really sure what's the problem, the another possibility is you lack of coins to pay for the mining fee since someone created a thread where he need to send $20 for the mining fee.

Quote from: boggym777 on November 15, 2023, 12:35:28 PM

How can I deposit the "missing" BTC amount?

Just click the receiving address, or there's no way to make deposit?

yhiaali3

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I'm basically wondering why you're requesting a deposit from an Electreum wallet? You do not need to request a deposit. All you have to do is put the Bitcoin address of your Electreum wallet in the ViaBTC withdrawal box, but of course you must have the minimum withdrawal amount.

However, despite this, I tried to request a withdrawal from the Electreum wallet for the exact same amount, 0.00052172 BTC, and this is what I got:

The order was created without any issues so you may have some issues with your Electreum setting.

Darker45

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Quote from: boggym777 on November 15, 2023, 12:35:28 PM

Quote from: hg_away on November 15, 2023, 12:05:52 PM

Quote from: boggym777 on November 15, 2023, 11:44:25 AM

I tried to transfer my 0.00052172 BTC I have on ViaBTC to my Electrum wallet, and I got the message that the amount is too small.
Can I somehow workaround it?

Deposit 0.00047828BTC + withdrawal fee

You mean, if I buy 0.000747828 + withdrawal fee, I would be able to withdraw the whole thing?
How can I deposit the "missing" BTC amount?

Supposing the rejection is caused by the withdrawal amount being lower than the minimum limit set by ViaBTC pool, then you will be able to withdraw the whole thing after your balance reaches 0.001BTC, the minimum withdrawal amount, plus the withdrawal fee, of course.

What you have is 0.00052172BTC. To make it to the minimum withdrawal limit of ViaBTC pool which is 0.001BTC, you need 0.00047828BTC. But you have to deposit more than that because you will also be paying the fees.

So, if I were you, I'd rather keep it there for a while. The fees aren't cheap these days. Even low priority transactions will have to pay 117 sat/vB. And for you to be able to withdraw your Sats, you need a couple of transactions at least. You only have $20 worth of Sats. After all the fees, how much would you be getting? If you're planning to convert it into cash, you might end up with less than $10.

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Quote from: boggym777 on November 15, 2023, 12:31:47 PM

Actually it is not ViaBTC impeding me to withdraw, but Electrum. When I enter the amount, it tells me that it is too small.

This error wont show if you just copy the receiving address from your electrum then use it when sending from viabtc wallet. Just like the user above said, probably you're using electrum's request feature.

Stalker22

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Quote from: boggym777 on November 15, 2023, 12:31:47 PM

Actually it is not ViaBTC impeding me to withdraw, but Electrum. When I enter the amount, it tells me that it is too small.

Simple question - where are your bitcoins at this very moment? Still in your ViaBTC account, or did you already transfer them over to your Electrum wallet? Im guessing you are trying to withdraw your coins from ViaBTC into Electrum, right? If so, just know that Electrum has nothing to do with setting restrictions on withdrawals from ViaBTC. The only way Electrum can get in your way is if you try sending an amount from Electrum thats less than the recommended transaction fee, which is not the case here. But other than that your Electrum wallet wont interfere with a ViaBTC withdrawal at all.

hosseinimr93

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Quote from: boggym777 on November 15, 2023, 12:31:47 PM

Actually it is not ViaBTC impeding me to withdraw, but Electrum. When I enter the amount, it tells me that it is too small.

Did you create a request in electrum receive tab?
If so, take note that you don't have to make any request in electrum to receive bitcoin. You can use any of addresses listed in "addresses" tab to receive bitcoin.

I guess the problem is that the base unit has been set to mBTC and with entering 0.00052172, you make a request to receive 0.00052 mBTC which is equal to 0.00000052 BTC.

Note that any bitcoin address can receive any amount bigger the dust limit.
The dust limit for legacy addresses (those that start with 1) is 546 satoshi and for native segwit addresses (those that start with bc1q) is 294 satoshi.

Again, you don't need to make any request to receive bitcoin.

boggym777

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Quote from: hg_away on November 15, 2023, 12:05:52 PM

Quote from: boggym777 on November 15, 2023, 11:44:25 AM

I tried to transfer my 0.00052172 BTC I have on ViaBTC to my Electrum wallet, and I got the message that the amount is too small.
Can I somehow workaround it?

Deposit 0.00047828BTC + withdrawal fee

You mean, if I buy 0.000747828 + withdrawal fee, I would be able to withdraw the whole thing?
How can I deposit the "missing" BTC amount?

boggym777

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Quote from: Findingnemo on November 15, 2023, 12:01:50 PM

Quote from: OmegaStarScream on November 15, 2023, 11:45:57 AM

If ViaBTC doesn't allow you to withdraw that amount, it's probably because they have a min. withdrawal amount just like exchanges does.

You are right, Viabtc has a minimum withdrawal limit for coins and for Bitcoin, it is 0.001BTC which explains why OP can't able to withdraw his 0.00052172BTC.

ViaBTC minimum withdrawal limit

Actually it is not ViaBTC impeding me to withdraw, but Electrum. When I enter the amount, it tells me that it is too small.

boggym777

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Quote from: OmegaStarScream on November 15, 2023, 11:45:57 AM

Are you referring to ViaBTC's wallet: ViaWallet, the noncustodial wallet? or ViaBTC the mining pool? If the later, then I'm guessing it's a centralized service? Electrum will show whatever amount you send. If ViaBTC doesn't allow you to withdraw that amount, it's probably because they have a min. withdrawal amount just like exchanges does.

I am talking about the ViaBTC pool

hg_away

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Quote from: boggym777 on November 15, 2023, 11:44:25 AM

I tried to transfer my 0.00052172 BTC I have on ViaBTC to my Electrum wallet, and I got the message that the amount is too small.
Can I somehow workaround it?

Deposit 0.00047828BTC + withdrawal fee

Findingnemo

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Quote from: OmegaStarScream on November 15, 2023, 11:45:57 AM

If ViaBTC doesn't allow you to withdraw that amount, it's probably because they have a min. withdrawal amount just like exchanges does.

You are right, Viabtc has a minimum withdrawal limit for coins and for Bitcoin, it is 0.001BTC which explains why OP can't able to withdraw his 0.00052172BTC.

ViaBTC minimum withdrawal limit

OmegaStarScream

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Are you referring to ViaBTC's wallet: ViaWallet, the noncustodial wallet? or ViaBTC the mining pool? If the later, then I'm guessing it's a centralized service? Electrum will show whatever amount you send. If ViaBTC doesn't allow you to withdraw that amount, it's probably because they have a min. withdrawal amount just like exchanges does.

boggym777

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Hi all,

I tried to transfer my 0.00052172 BTC I have on ViaBTC to my Electrum wallet, and I got the message that the amount is too small.
Can I somehow workaround it?

Thank you

Topic: What is the smallest amount of BTC I can transfer to my electrum wallet (Read 147 times)