I have used low fees without many problems, sometimes to my surprise the transaction gets confirmed within a short period, some others I've had to wait days for them to confirm. On a couple of occasions after waiting forever, the tx were discarded by the network and the bitcoin returned to my wallet.
If you're lucky maybe you'll get a quick transaction and confirmation with a low fee. But if you really want to get a quick transaction. You can use the recommendation fee. Usually a blockchain user will understand this
Topic: Are you using low fees? - page 5. (Read 13460 times)
I used to use Coinbase and Xapo so that I didn't need to worry about fee because those wallets were free to send Bitcoin. But when they needed to take fees from me, I send all my funds to Electrum and I need to pay fees and you know there is no chance to use a low transaction fee anymore (lol)
I have used low fees without many problems, sometimes to my surprise the transaction gets confirmed within a short period, some others I've had to wait days for them to confirm. On a couple of occasions after waiting forever, the tx were discarded by the network and the bitcoin returned to my wallet.
Before, I'm setting my transactions at the lowest priority and fees today are really high. I did experience to wait for almost 20 hours before my transaction gets confirmed because the fee is only 0.0002 BTC. I have seen people paying .001-0.002BTC just for their confirmation gets faster. Hoping this will fixed soon.
If you don't have problem on waiting for several hours then just set your fee to the smallest one. But if you need to cash out your bitcoin then you don't have choice to pay for the higher fee. Well after the PoS turn over ETH, I'm thinking that many will still stick to bitcoin because it will do something great soon.
I have used low fees without many problems, sometimes to my surprise the transaction gets confirmed within a short period, some others I've had to wait days for them to confirm. On a couple of occasions after waiting forever, the tx were discarded by the network and the bitcoin returned to my wallet.
If you use an online wallet like blockchain. I'm sure if you use a low fee (like 10k satoshi) you'll get your first confirmation the next day lol. Because I tried it some time ago and then cured, and I moved out of blockchain
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?
It's too risky for me. Using a very small fee can make a very long delivery transaction. You can reduce the cost, but you will be difficult if you have to wait a long time. Imagine if you are in need of bitcoin but the transaction is still running, of course it will make you confused when need bitcoin on the spur of the moment. So, do you use low fees, or always want to get confirmation in a next few blocks?
No. I'm using low fees like 0.2 mBTC (absolute minimum) since I don't need short awaiting times. I want to wait long, but cheap, instead of expensive short await times.
Of course there is a neurovit steering wheel urgency of the translation, then most likely it is your choice will be very correct. But if everything needs to be done quickly, then no other commission will not keep it from it.
No. I'm using low fees like 0.2 mBTC (absolute minimum) since I don't need short awaiting times. I want to wait long, but cheap, instead of expensive short await times.
Never do I use low fees because all my transactions are really important that I can risk myself on chance to losse mt Bitcoin
Not at all. You're not going to lose your bitcoin just because you picked low transaction fee. Even when it take a day or even a week before your transaction gets confirmed, it doesn't matter. The coin will always be there. The coin has nowhere else to go. My trick is to use Electrum wallet so I can rebroadcast the coin and add more fees to it (in both receiving and sending bitcoins) if the transaction is needed to get confirmed faster.
I personally always use the lowest fees but never the fees that are almost zero. Fees are important since that's how you get your transaction more prioritized than other transactions.
Are you using RBF (Replace By Fee)? If so, other Electrum users should know that this isn't the default option with Electrum wallet. I would love to RBF a transaction I made with below normal fees... But I can't, because I didn't tick the checkmark for RBF before that transaction. Now I'm stuck just waiting it out. I guess there may be a faster method, but it would have helped if I had known about RBF before I tried to get stingy with fees.
Never do I use low fees because all my transactions are really important that I can risk myself on chance to losse mt Bitcoin
Not at all. You're not going to lose your bitcoin just because you picked low transaction fee. Even when it take a day or even a week before your transaction gets confirmed, it doesn't matter. The coin will always be there. The coin has nowhere else to go. My trick is to use Electrum wallet so I can rebroadcast the coin and add more fees to it (in both receiving and sending bitcoins) if the transaction is needed to get confirmed faster.
I personally always use the lowest fees but never the fees that are almost zero. Fees are important since that's how you get your transaction more prioritized than other transactions.
I used to use low fee (or even no fee) transactions but when no wallet accepts free transactions, I usually use medium fees
Never do I use low fees because all my transactions are really important that I can risk myself on chance to losse mt Bitcoin
I have used low fees without many problems, sometimes to my surprise the transaction gets confirmed within a short period, some others I've had to wait days for them to confirm. On a couple of occasions after waiting forever, the tx were discarded by the network and the bitcoin returned to my wallet.
I always use default fee 0.0002 btc (can be said low fee). Because I usually use exchange sites for transactions (use c-cex). So the transaction and confirmation can be said faster. Maybe I should wait about 10-20 minutes to get confirmation?Well the real problem is ratio between fee amount and transaction size in bytes since blocks are limited in size, 1MB. It's expressed in sat/B (satoshi per byte) end you can check which value you should target on https://bitcoinfees.21.co/ because it changes over time depending on current number of unconfirmed transactions.
I have never used low fees for bitcoin transactions since unconfirmed transactions started to accumulate. I feel less comfortable if transaction bitcoin within 1 hour still 0 confirmation.
I have used low fees without many problems, sometimes to my surprise the transaction gets confirmed within a short period, some others I've had to wait days for them to confirm. On a couple of occasions after waiting forever, the tx were discarded by the network and the bitcoin returned to my wallet.
I always use default fee 0.0002 btc (can be said low fee). Because I usually use exchange sites for transactions (use c-cex). So the transaction and confirmation can be said faster. Maybe I should wait about 10-20 minutes to get confirmation?I have used low fees without many problems, sometimes to my surprise the transaction gets confirmed within a short period, some others I've had to wait days for them to confirm. On a couple of occasions after waiting forever, the tx were discarded by the network and the bitcoin returned to my wallet.
I always use default fee 0.0002 btc (can be said low fee). Because I usually use exchange sites for transactions (use c-cex). So the transaction and confirmation can be said faster. Maybe I should wait about 10-20 minutes to get confirmation?
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?
Here the condition is also same for me ( in the most of the cases ) . I usually made trading at yobit.net exchange more than at other exchange , because my most of the friends are using yobit.net exchange , so here we made yobit.net code to buy sell our Bitcoin .So, do you use low fees, or always want to get confirmation in a next few blocks?
And the payment of the signature campaign usually send with very low priority and get confirmed after the one week ( sometimes 2 week in the last month ) .
So I don't much need to pay the fee in most cases , and making transaction free of charge , but sometimes when I needed to trade with particular coin then I need to pay high fee because of the confirmation because if I will send with low fee then it will take more time to confirm , so I needed high fee in only few case .
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?
I am always using low fees because if I compare it with fiat transfer it is still faster and more practicaly. So, do you use low fees, or always want to get confirmation in a next few blocks?
I dont use high fees i just moved my coins to another address without spending them its ok for me to not confirmed it the next block im always not in a hurry spending my coins.
I always go with the 'high' fee to make sure the transactions gets confirmed on the chain fast. I don't like having to potentially wait for weeks like some do when using really low fees. BTC isn't suitable to move very small amounts around, the fees would just be brutal, so when I do move BTC it is usually a fair amount.
Well, I tried my luck with a low fee (~9 Sat/byte) a few weeks ago on a small transaction. Now I'm stuck with an unconfirmed and dusty transaction. Ugh! Trying to figure out how to get it unstuck is taking more time than the money was worth.
In future, I will be sticking with recommended fees. You never know when the low fee will bite you.
That is an awfully low fee, the truth is that transaction may never confirm, but at some point you are going to get that bitcoin back, but this show to use the futility of trying to use a low fee, it is a lot more problem than it is worth, you could have been better just paying the recommended fee and forget about it, instead now you need to worry about whether your transaction is going to confirm at all. In future, I will be sticking with recommended fees. You never know when the low fee will bite you.
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