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Showing 2 of 2 results by sky_razer
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Topic
Board Bitcoin Technical Support
Re: Some help with my first transaction
by
sky_razer
on 03/12/2020, 13:42:07 UTC
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.


Yup you are correct, Thanks so much!!!
I can't believe I didn't see that hahaha.

Now I can send the correct amount!

Greetings,
Sky
Post
Topic
Board Bitcoin Technical Support
Merits 1 from 1 user
Topic OP
Some help with my first transaction
by
sky_razer
on 02/12/2020, 12:23:49 UTC
⭐ Merited by Coolcryptovator (1)
Hi there!

I'm just getting into using BTC, and am on te verge of doing my first transaction.

I'm using a segwit wallet in Electrum

Now I'm trying to send 0.007 BTC, but when I open the fee slider, the minimum fee is 0.002 BTC which would mean >28% of my entire transaction which seems way to expensive.
Can anyone help me out?

Greetings,

Sky