Post
Topic
Board Beginners & Help
Re: Claiming BCH from BTC stored in Electrum and moving everything to Ledger Nano S
by
vladman
on 01/12/2020, 19:42:42 UTC
Well, I won't be doing anything tonight definitely!

I just went to try and transfer a very small amount (BTC from Electrum to Nano) as a test. I tried to transfer 0.0001 BTC. However, I noticed the fee was larger than this amount! It was about 0.0004.  Huh Ok, so I incrementally increased the hypothetical amount I want to transfer (never actually completing the transfer) until I actually pressed the MAX button, to transfer everything. The fee is exorbitant!  Shocked Obviously, I won't share my exact figures here, but I seem to remember reading not that long ago (in the last few months or so) about some or other whale moving some astronomical amounts of bitcoin and paying a tiny fee, I mean a fee that was magnitudes lower than the fee I'd be paying if I initiated the transfer now, on my nowhere-near-whale-status-qualifying amount.

So I'm confused... I'm just trying to read up on fees now...  Roll Eyes