The Bitcoin Thread

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Sending fees

I think I've just done something silly :confused:

I sent my total btc to my new wallet, thinking that Luno would deduct the fee, before sending it on. But then afterwards, I thought I should have deducted the fee, before confirming the transaction. What happens now?
 
I think I've just done something silly :confused:

I sent my total btc to my new wallet, thinking that Luno would deduct the fee, before sending it on. But then afterwards, I thought I should have deducted the fee, before confirming the transaction. What happens now?
Huh? Please explain.
You sent btc from your luno wallet to another wallet? Fee would have already been taken before being sent.
 
Huh? Please explain.
You sent btc from your luno wallet to another wallet? Fee would have already been taken before being sent.

I sent all my btc that I had in my Luno wallet to my Ledger Nano S wallet. But I didn't allow for the fee. My question is does Luno deduct the fee automatically or will my transaction go without a fee, & then get stuck.

I'm trying to google this now, & it appears that "If the transaction never gets confirmed into a block - the mempool expiry of all nodes will drop it eventually and you will be able to spend your funds again - typically it takes about 3 days or so for this to happen"

Is this correct?
 
0c21577614b838ccf152f5da7da0bfee.jpg
 
"When sending Bitcoin, the fee is dynamic, meaning we look at the traffic on the Blockchain and levy a fee to ensure your transaction is processed quickly."
 
"When sending Bitcoin, the fee is dynamic, meaning we look at the traffic on the Blockchain and levy a fee to ensure your transaction is processed quickly."

What is worrying me is that Luno stated the fee on the confirmation alert, but the Ledger is showing the full amount of the btc (without the fee), as an unconfirmed transaction
 
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