Topic: Are you using low fees? - page 21. (Read 13460 times)
I'm using mycelium wallet and always using normal fee when doing transaction before but now that the price became so high. I often used low-prio that only cost like $2. Normal fee is too much for me it cost almost $4 the last time i made a transaction.
Low RBF first then if confirmation time looks too long replace it.
My bitcoin wallet is XAPO, so I don't have control to set up my own fees. When i sent a transactions xapo make me to choice: Using High priority fee or standard fee.
By the way, It's too high, The current standard fee is : 0.00184505 btc and high priority is 0.00325587 btc.
By the way, It's too high, The current standard fee is : 0.00184505 btc and high priority is 0.00325587 btc.
Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?
Hell, I wish I was able to use low fees like that and actually be confident in the ability for the blockchain to process my transaction, but I always have it at least a bit higher than that so that I can sleep knowing that my transaction would have gone through at some point within the next few hours. I don't care about being included in the very next block, but I would prefer it if I had some timely results. So, do you use low fees, or always want to get confirmation in a next few blocks?
Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?
You're the most patient person and you did a great job man, when i discovered my old transaction i found out that the fee that we spent it was too high due to recently price so i guess it is a good idea to lowering our fee if we're not in a hurry in order to save those coins for future purpose. Personally I'm not lowering my fee i just convert my bitcoin to altcoins such a doge or litecoin to avoid the fee, if i should send bitcoin directly i increase the fee sometimes we need something fast even though it's expensive. So, do you use low fees, or always want to get confirmation in a next few blocks?
At a low cost I do so because with the value of coins that we have it can save expenses but to confirm it will not be fast with such low cost so it is very different if we spend a higher cost.
i go for middling fees. i'm not convinced fees that low will ever confirm with things the way there are these days. if i'm buying something then i go for relatively high because i don't want to be waiting around.
I ma using such an exchange where the fee is fixed and if you are going to do any transaction you must have to pay the fee in any case, there you do not have any option to pay fee according to your own wishes. Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?
So, do you use low fees, or always want to get confirmation in a next few blocks?
You seem to have a very low fee for your transaction. So you surely need to wait for a longer time for it before the miners will confirm it but if you are lucky they can include your transaction, it all depends to them. Well I'm using the recommended fees by blockchain.info so mostly it is ranging first at 0.0002 - 0.0007 BTC now.
Yes, i use low fees ... but only from Bitcoin Core.
Not from Hot wallet (SPV Android Wallet).
https://bitcointalksearch.org/topic/pourquoi-ma-transaction-napparait-que-chez-moi-1868604
Not from Hot wallet (SPV Android Wallet).
https://bitcointalksearch.org/topic/pourquoi-ma-transaction-napparait-que-chez-moi-1868604
I even used to think like that if i am not in a hurry,but then some my transactions with low fees got rejected and so i stopped doing transactions with very low fees and even i am starting to go over the bridge and start putting higher fees even though i am not in a hurry just to get those coins transferred.
I always use 30 satoshi per byte and i'm letting Jihan BU to pay the rest on my behalf. Viabtc's free service does the job very well. 
Paying >200satoshi/byte started to hurt me very badly. I have to move my coins from one address to another from time to time because those small incomes which i collect from here and there create many inputs in time and i don't want to look at a 100$ fee in some day.
Paying >200satoshi/byte started to hurt me very badly. I have to move my coins from one address to another from time to time because those small incomes which i collect from here and there create many inputs in time and i don't want to look at a 100$ fee in some day.
You can send the coins back to the same address, no need to use another. If you won't use the funds, just send them back to your address with a small fee, and when you need faster confirmation, the fee won't be as expensive because of just 1 input
No. I use https://bitcoinfees.21.co to look at the recommended minimum fee, and add an additional 10% to make my transaction look a bit more interesting financially. I have sent out 2 transactions today, and in both cases I added around $4 in fees, which makes it a total of $8 only to send coins from point A to B. Is it a considerable amount? Sure it is, but I don't like waiting -- time is money.
I always use 30 satoshi per byte and i'm letting Jihan BU to pay the rest on my behalf. Viabtc's free service does the job very well.
Hilarious stuff. Jihan Wu doesn't lead ViaBTC. For all we know he could be mining there, but I've seen no evidence of this. I hope you feel good abusing a free service for your own greed.Quote from: mindrust
Paying >200satoshi/byte started to hurt me very badly. I have to move my coins from one address to another from time to time because those small incomes which i collect from here and there create many inputs in time and i don't want to look at a 100$ fee in some day.
Solution: wait for ~3 weeks until you have BTC0.1 or so, then transfer to a new address. Alternatively, just deal with the inputs - with current necessary fees it's not going to add more than ~0.0004 to your fees. If you claim that you can't pay this with the income you receive, you're lying.IMO the best thing to do is to use the lowest fee on the recommended fees page which is estimated to be confirmed within 6 hours or so. This way you avoid pushing up the fees for other people by perpetuating the fee market unless you have a high-priority transaction.
Last time I used normal fees was quite long ago. In the last few months, I always use fees hefty enough for next block confirmation, mainly because when I spend Bitcoins, I spend them to buy something and next block confirmation are always welcome in these cases.
Same here. I've bought a few things in the past couple of months that I'd rather not have waited weeks to receive. So no, I don't skimp on the fees usually. And honestly I try not to spend bitcoin if I can use cash. I'd rather give up the fiat, because I know it's not going to rise in value like bitcoin might. Makes sense, right? And who wants to pay $5-10 or more to spend money? I sure as hell don't. Am currently using exchanges as my wallet. It pretty much does the job for me. The fee as far as know isn't that a big deal. People adviced me against using exchange, I have no choice unfortunately.
Some exchanges, particularly XAPO, started fee for outgoing transactions recently but their charges are quite high compared to other places. So if you can avoid these high charge exchanges. I use both blockchain and earlier was using XAPO but not very less transaction in XAPO. But most of the time I pay a high fee because I don't like waiting for long time to get transactions confirmed.
I dont mind paying 0.001-0.002 BTC fee when i need fast transaction,
lets look at ti this way: both buying real or virtual stuff and paying fees for transactions is supporting bitcoin economy.
lets look at ti this way: both buying real or virtual stuff and paying fees for transactions is supporting bitcoin economy.
I only use high fees whenever i want to purchase something, if i want to just move my coins to another wallet then i use low fees. i won't be selling/spending the coins i send, so it doesn't matters if takes a week to confirm.
I think Electrum wallet will let you adjust the fees so that the transaction can be pick up faster. I haven't try it at all because I just got my first payment from a signature campaign. But if ever I want to transfer my funds then I guess I have to used the 400 sat/byte recommendation fees to make my transaction quick if I'm in a hurry.
Not anymore. Since there is a huge problem with low fees transactions I take care about the fee I'm paying for my transactions and I'm using wallet where I can control the fees and where the proper fees are already suggested. This is more secure and less chances that I will end up with unconfirmed transaction.
Am currently using exchanges as my wallet. It pretty much does the job for me. The fee as far as know isn't that a big deal. People adviced me against using exchange, I have no choice unfortunately.
Jump to: