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Re: [Unofficial] Exodus Wallet | Multi-Currency | Built-in Exchange
by
jaminben
on 09/06/2017, 14:19:02 UTC
Quote
2. Fees (which means you received a lot of small/micro payments) which resulted into having a big transaction size => higher fees.

This is a rob,pay 11 usd for send 4 usd ? Im receive all days 2.40 usd in this Wallet and now im what can im do for save my money here ??
Well it depends on how many transactions you have received in the particular address that you are trying to send your bitcoins from. The more separate transactions your wallet has the bigger the fee is going to be in order to send it over. If all the transactions were really small, it is possible that you have to pay 11 dollars for 4 dollar transaction now. It would be easier to decide that if you could tell the address from which you are trying to send it.

I have been using exodus for a while, and never had any ridiculous fees or any other troubles. I think the highest fee that I have ever paid was like 2 dollars or something. If you want to avoid it then just use a wallet that allows you to change the fee, though do it at your own risk as it might lead your transaction to never get confirmed.

I think i'm missing here.

The Exodus wallet doesn't rely on downloading the blockchain - meaning no need to download the blockchain.
How is this archieved vs the normal wallets from the coins themselves?

I thought that the blockchain was required to work with the currency?
You are wrong. The wallet relies on the blockchain, it just doesn't need to download it. The blockchain is required because exodus is an online desktop wallet. At the time you launch it, it connects to the internet and basically acts as a regular online wallet like for example blockchain.info.


Hi new to all this so excuse the dumb question... so I'm mining Ethereum and transferring the minimum amount that I'm allowed to (0.05 Eth) each day into my wallet whilst I learn the ropes. Does this then mean that even though I store up several days worth of Eth (say $60) I would still be charged a higher rate due to the smaller initial transactions? If this is the case would I be better off using another wallet to take the initial smaller transactions and then transfer one large amount to another wallet and the use built in exchange? or have I got the wrong end of the stick completely?

Many Thanks

Ben