If i do that minimum 3 sat/byte... that transaction will take at least a day to go through right?
It's hard to tell and it depends on many factors. If, for example, something happens and makes traders send transactions around like crazy, 3 sat/vByte may not get confirmed at all and dropped in some 2 weeks.
But with current mempool conditions, since a few 4 sat/vByte transaction were already processed in the last 24h,
with some luck, also 3 sat/vByte may get through in 24h.
I could say, with a safe margin, that there's a relatively good chance that it'll get confirmed at least in the next week-end.
But is there a way to know the transaction did go through but its still waiting to confirm? You go on that blockchain site to check the tx history right?
That's correct. Shouldn't you make your own separate thread with this kind of questions?
But are people even doing that now or are they sending at least so and so sat/byte? Like what would you suggest if i want to send btc from nano ledger s to say coinbase. Like minimum how much sat/byte? I mean i definitely want it to get to coinbase in few hours.
In the week days it's pretty difficult to estimate, since the number of transactions and the fees can rise suddenly.
Also most use the fee the wallet is suggesting, which usually over-estimates it, no matter which wallet.
I don't need it to get there in say minutes or an hour etc. But why do i keep hearing people say the avg bitcoin fee now to send is like 18 dollars now? Is it if you pay that much, then your transaction will complete in like 10 minutes or so?
With the problems from about 3 weeks ago, last week the fees were exceptionally high.
Before that, there were also periods with pretty high fees.
The current 2 weeks period is unnatural, the blocks are mined faster than normal and the fees are dropping. But normally, since the bull run has started, the fees are not small.
I don't know if it's 18$ though, since I took my time with my transactions (week-ends), I have the inputs consolidated and I didn't have to pay more than 1$ for my transactions. But those who don't know, can easily pay more than 10$ for the same job. And those in hurry, even more.