I have just made a withdrawal from Coinbase of 0.00581882 BTC and the 0.00120204 BTC was a transaction fee!?
So, to the end BTC address there was only 0.00461678 BTC!
Why are the transactions fees so big. What is the point here?
Well your withdrawal was deducted with the fee so you don't have to ask the remaining balance you've got on your wallet. I was about to send 0.002
BTC and the fee for the lowest priority is even 0.00251
BTC isn't that great? Bitcoin is only for the rich people and for us who are too small to trade can't avail the fees.