Wallet Bouncing?
I made my first first ever crypto transaction today. I transferred a small amount of ETH (0.1) into Bittrex I sent it to the wallet they listed in my account. But when I checked the recipient the received amount was 0.089ETH. I knew there were transfer fees, but that seemed like far more than I was expecting.
When I dug deeper it looks like the first transaction to the Bittrex wallet was as follows:
Amount: 0.1 Ether
Tx Price: 0.0021 Ether
Then it was transferred from that wallet to another wallet which the transaction ID was listed on my wallet history.
Amount: 0.08983405 Ether
Tx Price: 0.00258525 Ether
Is this 2X wallet bouncing typical, and are the transfer fees always this high, or are they semi-fixed and only seem big because I transferred a small amount? When I took that Ether and converted it on Bittrex to another currency the fee only amounted to ~6-7 cents, so much more reasonable.
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