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Showing posts with the label Bitcoin mining fee from Exchange doesn't add up

Bitcoin mining fee from Exchange doesn't add up

Bitcoin mining fee from Exchange doesn't add up I've bought some Bitcoin from an Exchange and transferred it out, I won't name the exchange but they advertise no trading fees and no withdrawal fees on cryto other than the mining fee. During the withdrawal process I selected 0.005 BTC in the mining fee section which is $85 AUD at the time of writing, I did this because I wanted the tx to be processed quickly. This is the tx cd452f6f8c85d8e0bf5f5868f8cbde7d58b08323c7517a501ffced6ef4b3a5f5 Looking at it on Block Cypher http://ift.tt/2CntQcQ It appears the blockchain transaction only has a total of 0.002448 BTC in fees? and that's with all the other outputs involved? Am I getting ripped off? I feel like they've taken 0.005 BTC for the mining fee and they've created the transaction committing less than half of that BTC to the tx? http://ift.tt/2CklO4O