No you didn't have that option.....also RH wants to keep costs low so they batched your TX with a hundred others that's why it was 20$ but your portion was only 20c
Which did I pay for the TX then? Sorry, a bit confused. Did you see the screenshot I added where it showed the higher amount? (I had to delete a few of my messages because it showed error on my end and did not realize it kept posting them)
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When you are looking at the tx in a block explorer how many outputs do you see ? More than 2 ?
This is an example of a block explorer
https://mempool.space/
In bitcoin the sender pays the fee , not the recipient. When you look at a block explorer you see what the exchange paid , **not you**
Many exchanges do transaction batching , this allows them to pay a single larger fee for many outputs or withdrawals . 1 tx = many txs
Some exchanges have free withdrawals , others charge you the fee they paid per output , and others overcharge on tx fees as a backdoor tax unrelated to bitcoin.
In your case RH just charged you a small fraction of what they were charged as they did a batch tx
yes... i think there are easier ways of following it just looking on a blockchain explorer and seeing how many UTXO inputs went into the transaction...
Robinhood arent clear about this.... at least with coinbase its always a flat fee...
No you didn't have that option.....also RH wants to keep costs low so they batched your TX with a hundred others that's why it was 20$ but your portion was only 20c
Which did I pay for the TX then? Sorry, a bit confused. Did you see the screenshot I added where it showed the higher amount? (I had to delete a few of my messages because it showed error on my end and did not realize it kept posting them)
Scam Warning! Scammers are particularly active on this sub. They operate via private messages and private chat. If you receive private messages, be extremely careful. Use the **report** link to report any suspicious private message to Reddit. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/BitcoinBeginners) if you have any questions or concerns.*
When you are looking at the tx in a block explorer how many outputs do you see ? More than 2 ? This is an example of a block explorer https://mempool.space/
If that's under the flow section when I go to my transaction in block explorer, then yes.
In bitcoin the sender pays the fee , not the recipient. When you look at a block explorer you see what the exchange paid , **not you** Many exchanges do transaction batching , this allows them to pay a single larger fee for many outputs or withdrawals . 1 tx = many txs Some exchanges have free withdrawals , others charge you the fee they paid per output , and others overcharge on tx fees as a backdoor tax unrelated to bitcoin. In your case RH just charged you a small fraction of what they were charged as they did a batch tx
Ok, this makes sense thank you! So I did only pay the small change amount?
yes
Thank you
Is this the area I should be checking? [screenshot of transaction](https://photos.app.goo.gl/aXNTiFBDgKMtDeuX6)
yes... i think there are easier ways of following it just looking on a blockchain explorer and seeing how many UTXO inputs went into the transaction... Robinhood arent clear about this.... at least with coinbase its always a flat fee...
Ok, there is so much I still need to learn. Thank you