Post
Topic
Board Beginners & Help
Re: Selling bitcoins
by
kolloh
on 11/07/2017, 13:22:47 UTC
Hi friends, it has been quite a long time since i joined this forum after my friend told about me bitcoins and the value it will have after few years. It took me nearly 8 months to understand how btc works.

But as time went on i got more additiced to faucets as i was eager to earn btc. I used to spend most of the time with my mobile trying to earn from faucets. To my disappointment, i only earned 100k satohis for the past months. Then i realized that these faucets are of no use to earn and the only way to earn btc was to offer some service or joining any campaign.

After 10 months, i got a chace to work in a campaign and i did receive my payment. I wanted to sell the btc which was in my Coinbase wallet. I live in India so i thought most of members sell them on localbitcoins. When i sent the btc from my wallet it took 60k satohis as tranfer fee and was charged another 48k sathois in local bitcoins as fee. Now i only have 85k satohis in my wallet. I feel very heart broken that i have lost my btc just on fee.

Can some one help which is best wallet where i can store my btc and will not have charges for selling my btc. Your answers will really help me in the future.

Unfortunately, fees are required for all Bitcoin transactions so you are going to get stuck with fees regardless of which wallet/service you use. You can send a lower than normal fee and wait a long time for it to confirm if this is something you are interested in doing. I would say that it probably really isn't worth selling low values such as 100k satoshi due to the fees involved.