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Hello,
Current consensus on registration fee is set to 0.2 STEEM but then you need to delegate more Steem Power, taking into account this equation:
5 * min_fee + STEEM_POWER == 150 * min_fee
So if you use 0.2 STEEM then you need to delegate 29 Steem Power.
Other option is to create an account with 15 STEEM 6 STEEM then you don't need to delegate Steem Power at all.

Thanks for the reply! That explains how steem creates accounts with only half a STEEM. How did you get to 15 SP without delegation? I've seen anonsteem create accounts without delegation and they only put in 6 STEEM. I haven't tried 6 STEEM myself. Just asking...

Also, do you know why the error message says that the minimum required fee is 0.000 STEEM, instead of actually telling me what the minimum required fee is?

You are right, it should be 6, I was thinking about your example (0.500 STEEM) but minimum base amount is lower that that.

Alright now I get it! Thanks heaps buddy! Really appreciate it...

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Where you get that message from? cli_wallet?

I'm using the javascript library but if I'm not wrong, all it does is call the actual cpp methods which means the error message should be the same as every other interface such as the cli_wallet!