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RE: transferring steem dollars to bitcoin using poloniex after messing up with blocktrades.us
Transaction fees have become a real issue for bitcoin transactions lately, unfortunately. It's easy to pay $5-$17 USD equivalent for a bitcoin transaction nowadays, if you're not careful.
holy moly. right so it's something i need to research, roger that! :)
I tried to do a Steem to BTC transaction and got the following error "permanent_output_failure_input_too_small" I was testing the waters by just doing a small conversion, but it seems that it is lost because of this? What should the minimum amount be to transfer Steem for BTC?
The minimum amount varies with the current cost of sending a bitcoin transaction. You could determine this amount by entering a value like .0001 in the BTC edit box on our web site (right now it's reporting 1.394 STEEM, for example, for that case). But I would not send this small an amount anyways, because most of the Steem value would be lost paying the transaction fee. So I suggest a value of 10 or more Steem right now.
Thanks for the reply.