Topic: Why does it cost me a dollar to send 1 Bitcoin? - page 3. (Read 3299 times)
So you don't wanna pay anything? I you don't like it, then don't use BTC... Oh w8 you wanna make money but you dont wanna pay anything in process...
You are paying to support the bitcoin network.
Disclaimer: Failed every math class I ever took. Be gentle.
When I tried to send 0.77 BTC from my QT wallet to my online wallet today, I was told I had to pay a 0.001 fee. (it was either that or 0.01)
That's nearly $0.83 USD now that BTC is around $830. (Even if im completely doing my math wrong and its $0.08 USD that's still ridiculous). If I had sent a whole Bitcoin I assume I would be pushing $1.00.
1) I believe this is a leftover price from the early days, when 0.001 was nearly nothing. Shouldn't that fee be getting progressively smaller?
2) I thought Bitcoin was supposed to be "virtually" free? At the very least, why am I paying more than CHASE charges me to transfer to myself (completely free). I realize the blockchain doesn't know both addresses are me, but hey, that's not my fault.
When I tried to send 0.77 BTC from my QT wallet to my online wallet today, I was told I had to pay a 0.001 fee. (it was either that or 0.01)
That's nearly $0.83 USD now that BTC is around $830. (Even if im completely doing my math wrong and its $0.08 USD that's still ridiculous). If I had sent a whole Bitcoin I assume I would be pushing $1.00.
1) I believe this is a leftover price from the early days, when 0.001 was nearly nothing. Shouldn't that fee be getting progressively smaller?
2) I thought Bitcoin was supposed to be "virtually" free? At the very least, why am I paying more than CHASE charges me to transfer to myself (completely free). I realize the blockchain doesn't know both addresses are me, but hey, that's not my fault.
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