Im trying to send a transaction to ONE address of about 2 btc. I am being told that my transaction exceeds the size limit and do I want to pay extra to send it?
What is causing this? I though you were over 1 btc roughly that there were no fees?
Thank you for your help.
Aaron
It's a little bit complicated.
Short story:
Your wallet is made up of a lot of small inputs and constructing the transaction takes a lot of them and it takes up a lot more space than a simple transaction so you need to pay like a penny. And you don't really -need- to you can always find your own block and put it in that or find someone else will, but it's not really worth doing that since we're talking about a penny.