Quote from: ReLieD on October 19, 2017, 04:08:05 PM

Quote from: tbch2325 on October 19, 2017, 02:14:57 PM

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!

Lol I think there might be some issues with electurm which they might resolve soon. Mycelium is a better option According to me. They even have a option to send transaction with 1 sat/byte fee (0.01 USD).

Even online wallets are pretty low fees in Coinbase and blockchain.info. Why desktop wallets are increased their fees. I am not aware of it now. But in electrum we can modify the transaction fees from the default fees to more or low amount for the transaction.
Check with the electrum support team to get to know what is happening in their wallets.