Post
Topic
Board Electrum
Re: Electrum Wallet Expert
by
HCP
on 01/07/2017, 07:18:38 UTC
Thanks for your explanation ,things making sense now, yes i am using 2FA, can you please tell how to minimize charges with Electrum , i have stared with 100 paypal to BTC ,i have left with 0.013BTC and still not sure how to use Electrum Wallet.I am using mac version of wallet i have missing center icon which i suppose is trustedicon coin.But don't you think that 0.01 charges for a 0.019 transaction is beyond consideration?How people work with such high services charges?
That is a "one off" charge. By default, TrustedCoin add a small 0.0005 BTC fee to each transaction you make to use their 2FA service. This is NOT a standard bitcoin transaction fee. It is a service fee charge by TrustedCoin. They give you the option to "pre pay" this service fee and get a discount... which makes it only 0.0001 BTC per transaction, if you pre buy 100 transaction credits... for a total of 0.01 BTC.

This means your next 99 transactions using the TrustedCoin 2FA service have already been paid for, so you won't get these service charges for the next 99 transactions you make.

Unfortunately, it is too late to assist with reducing your fees. You seem to have signed up and paid for a service that you don't really understand how it works or how much it costs. Undecided