First of all, sorry for the newbie and probably a stupid question, I am so new to the digital currency thing :)
A day ago, I sent $2.5 worth bitcoin from my coinbase account to the copay wallet for testing. It went through OK, but later when I looked at the transaction details (via Blockcypher) I noticed that the fee shows up way higher than the actual amount: It was 0.004084 BTC (~16 US dollar as of yesterday).
I understand that the miner fees changes based on the demand and the block space of a transaction takes, and nowadays they are quite high. But I didn't get why the transaction went through in the first place if the fees that high, and I didn't pay for them (I think). Maybe I am missing something (probably I am)!
So, can someone kindly explain to me what's happening?
Thanks in advance.
PS: I am also adding the transaction information from coinbase. In that, the fee shows as 0.000316764 where as in the transaction details page via Blockcypher shows the fees as 0.004084. That is the part I am confused about. In other words, the fees don't match, and I was wondering what is the big discrepancy all about!