Bitcoin user paid $800,000 in fees to send $14,000

by solanawhale

Not a scam. One incorrect click or incorrect value or incorrect decimal place and your entire life savings can be gone forever.

In this case, the sender used a platform that allowed him to set his own fee payment to the miner. He likely either wanted to prioritize his transaction or wanted to tip the miner. He voluntarily entered 8 Bitcoins as a fee payment.

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.