Post
Topic
Board Electrum
Re: Is the fee flexible?
by
Abdussamad
on 11/10/2024, 19:40:31 UTC
I'm pretty sure there was no mention of a FEE during wallet selection process. Of course it's on me, the user, to RTFM and be prepared for the consequences if I don't.

Calling my thread here 'crying' is a little too much IMHO. It's almost the same as calling TrustedCoin's little 2fa trick 'a scam'.
How do you think it's a trick and trustedcoin is scam?

During wallet creation or adding 2FA in your wallet it's always gives you a note that they will charge a small fee everytime you make any transaction. You might be ignoring the note and using 2FA carelessly.

And I think the other reason why you had the high fee of almost 1mbtc it's because of the current congestion. Why are you blaming too much the TrustedCoin? You can wait a day or two until the current recommended fee drops, and I believe you can still get a lower fee until the congestion is gone.

Do you believe the 'additional fee' that TrustedCoin charges, will drop along with reduced congestion?

I don't think it will (just intuition). The miners' fee will decrease but the problem is TC want to charge me 20% of my wallet balance. Not 1%, not 5%. 'Small fee' - yeah right.

The fee is for 20 outgoing transactions so you will face no additional fee during the next 19 sends. But yeah if you don't want the 2fa protection and want to avoid paying trustedcoin you can just restore from seed and disable 2fa. Go to file menu > new/restore to get started on that.