Post
Topic
Board Electrum
Electrum high fees?
by
tbch2325
on 19/10/2017, 14:14:57 UTC
Hi guys,

I've recently started using Electrum and the fees seem crazy high. Heres the break down:

Send 0.00579666 BTC (£25.17)

Mining Fee: 0.0009334 BTC (£4.05)
Additional Fees: 0.002 BTC (£8.68)

Thats like half my bitcoin just to send it?

I thought the whole idea behind bitcoin was that it was cheap and quick to send currency? Super confused! I understand the additional fees are 2FA, but £8.68 and £4.05 for mining? So for me to send £25.17 its going to cost me the best part of half my bitcoin?

Whats going on here?

Thanks for any response!