Post
Topic
Board Bitcoin Technical Support
Merits 4 from 2 users
Re: Some help with my first transaction
by
NotATether
on 02/12/2020, 16:58:00 UTC
⭐ Merited by Coolcryptovator (3) ,ETFbitcoin (1)
By default, Electrum lists balances in mBTC, so you have to go to Tools > Preferences > Base Unit and select BTC. I assume this is your first time using Electrum, so you might be sending 0.007 mBTC on accident, which is worth 0.00007000BTC (7000 sats) and sending transaction fees worth 0.00002000 (2000 sats fee). Changing the units to BTC will make transactions send the correct amount for you, which is 0.007BTC, and will give you the correct fees, which should be much lower than 0.002BTC.