Quote from: MainMan79 on Today at 04:48:13 AM

Quote from: Abdussamad on October 11, 2024, 07:40:31 PM

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.

How would this work, exactly?

After receiving 4 transactions, I send 1 outoing one. I pay extra 1.25mbtc (roughly). And for the next 19 outgoing transactions I only pay miner's fee, no 2fa fee?

Yes that's correct.

Quote

Only outgoing transactions count for the purpose of this Trusted Coin's additional (2fa) fee, right?

Does the above count as 1 of 20 transactions? 4 of 20? 5 of 20?

1 of 20.

I'd like to add that you're not supposed to store the seed mnemonic digitally. That rules out screenshots and copying to a text file. You're supposed to write it down using pen and paper.

Quote from: MainMan79 on Today at 06:14:51 PM

Paid 1.25 mbtc as expected to Trusted Coin.

Now, I would appreciate if someone knowledgeable told me just one thing:

If I change NOTHING in my set up (I still don't have my seed phrase) and just use password and 2FA.
And I collect 5-6 more payments over the next few weeks/months.

And then I send those payments in one lump sump to another bitcoin address.

Will there be a fee of 1.25 mbtc? If not, when should I worry about it again? How much have I just 'prepaid'?

https://imgur.com/a/2pfvFFR

https://imgur.com/a/UHjnYrT

No there won't be any additional fees. Like I said above you prepaid for 20 outgoing transactions.

However it isn't safe to use your 2fa wallet because in the event your phone gets stolen or lost you won't be able to generate the one time password from google authenticator to be able to spend your bitcoins. So to avoid losses you should create a new standard wallet by going to file menu > new/restore and then simply send all your bitcoins to a receive address in the new wallet. You can switch wallet files by going to file > open or recently open. Be sure to write down the new wallet's seed words!