>transfer $41.99 USD worth of BTC from normiebase to electrum
>after fee it is $39.04
>Transfer $39.04 from electrum wallet X to electrum wallet Y, it tell me the fee will be ~1.50 for 5 block confirmation
>receive transaction in wallet Y, 3 mBTC now I have $32.57
what the fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuck
>>2940515
please help /biz/ where did my fucking 6 dollars go??
>>2940578
you paid the miners, gotta spend money to make money
>>2940584
Okay so the miners take a fee that's separate from the transfer fee? Why is it so ridiculously high? How does it work?
This is why Bitcoin cash is better
>>2940515
>wait til bitcoin crashes tonight
Bitcoins are quite shite for cashing out.
I wish Litecoins replaced them but hey, whatever.
>>2940515
now try to exchange btc for altcoins using shapeshift.
>>2940515
This is the intended design of BTC with Segwit. For now you have no way around it, but later when BTC gets lightning network, you will be able to use a privately owned transaction service that is not part of the bitcoin blockchain to transfer your bitcoins, with a small fee going to the private company of course.
>>2940515
we found a use case
On the other hand it would cost roughly the same if you were moving $50,000 instead of $40 unless the transaction is very complex. This is why BCC is a thing, because people didn't want to lose money moving small sums around.
Segwit will fix this than you only have to pay one small fee to the bank.