<p>Bitcoin transactions always pay fees. Your friend had <code>0.04488434 BTC</code>, he sent you <code>0.0306 BTC</code>, paid miner fee <code>0.00036984 BTC</code> and his change was <code>0.0139145 BTC</code></p>

<blockquote>
  <p>So do you lose money when transferring in the blockchain ?</p>
</blockquote>

<p>Bitcoin transactions are not free</p>

CC BY-SA 3.0
2017-10-21T11:14:51.077Z
Is there a deterministic way to calculate how much miner fees I will have to pay in a given transaction ?
ng.newbie
CC BY-SA 3.0
2017-10-21T12:39:44.910Z
you can set **any** fee while creating transaction. but all clients today calculate the fee themselves basing on their algorithms. i always pay 1 satoshi/byte for my outgoing transactions with my own transaction creating tool :)
amaclin
CC BY-SA 3.0
2017-10-22T13:22:48.997Z
how can you set the cost/transaction ? why would that be even allowed ? I mean if I am sending you BTC I would obviously like to pay the least amount as transaction fees. Its like going to a shop and you deciding what is the price of the item you want to buy ? What am I missing here ?
ng.newbie
CC BY-SA 3.0
2017-10-22T18:07:53.840Z
You are using `standard` cleint for creating/sending transaction. I use my own tool.
amaclin
CC BY-SA 4.0
2022-01-09T06:00:58.227Z
@ng.newbie While a client is free to set any fee they like, miners (who ultimately include your transaction in the blocks they mine) are also free to reject it. Each block has space for a limited number of transactions. Transactions with higher fees get priority. Transactions with no fees usually get ignored.
Tenders McChiken
CC BY-SA 3.0
2017-10-18T11:34:25.050Z
2017-10-18T11:34:25.050Z
amaclin
<p>yes, you do lose money.  When you send someone, you'll pay the transaction fee as Bitcoin mining requires a lot of hardware.</p>

CC BY-SA 3.0
2017-10-21T04:33:26.327Z
2017-10-21T04:33:26.327Z
Aravind Palla
<p>I just recently 0.0306 BTC from a friend, but the weird thing is that he sent me 0.0316 BTC.</p>

<p>I got 0.0306 BTC, 0.0010 BTC less. </p>

<p>So do you lose money when transferring in the blockchain ?</p>

<p>This is the <a href="https://blockchain.info/tx/d22b9fdaa66ac647fc99bd1d9295da7964397a6f833cce50ae15a3a65a9cd0e6" rel="nofollow noreferrer">blockchain link</a> of my transaction.</p>

<blockchain>
Do you lose money when transferring between wallets?
ng.newbie
# Do you lose money when transferring between wallets?

(Asked by: username_0 on 2017-10-18)

I just recently 0.0306 BTC from a friend, but the weird thing is that he sent me 0.0316 BTC.

I got 0.0306 BTC, 0.0010 BTC less.

So do you lose money when transferring in the blockchain ?

This is the [blockchain link](https://blockchain.info/tx/d22b9fdaa66ac647fc99bd1d9295da7964397a6f833cce50ae15a3a65a9cd0e6) of my transaction.

**Tags:** blockchain


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## 2 answers

### Answer by username_1 on 2017-10-18. Score: 2

Bitcoin transactions always pay fees. Your friend had `0.04488434 BTC`, he sent you `0.0306 BTC`, paid miner fee `0.00036984 BTC` and his change was `0.0139145 BTC`

> So do you lose money when transferring in the blockchain ?

Bitcoin transactions are not free

> **Comments:**
> **username_0**: Is there a deterministic way to calculate how much miner fees I will have to pay in a given transaction ?  
> **username_1**: you can set **any** fee while creating transaction. but all clients today calculate the fee themselves basing on their algorithms. i always pay 1 satoshi/byte for my outgoing transactions with my own transaction creating tool :)  
> **username_0**: how can you set the cost/transaction ? why would that be even allowed ? I mean if I am sending you BTC I would obviously like to pay the least amount as transaction fees. Its like going to a shop and you deciding what is the price of the item you want to buy ? What am I missing here ?  
> **username_1**: You are using `standard` cleint for creating/sending transaction. I use my own tool.  
> **username_2**: @username_0 While a client is free to set any fee they like, miners (who ultimately include your transaction in the blocks they mine) are also free to reject it. Each block has space for a limited number of transactions. Transactions with higher fees get priority. Transactions with no fees usually get ignored.  

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### Answer by username_3 on 2017-10-21. Score: 0

yes, you do lose money. When you send someone, you'll pay the transaction fee as Bitcoin mining requires a lot of hardware.


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