blockchain $2 fee on $40 transaction? :/ - page 2.

dustboy

hero member

Activity: 1022

Merit: 517

Quote from: mrcash02 on November 14, 2016, 11:56:28 AM

I know how you feel... The fees there are high. I made a 0.002 BTC transaction and had to paid at least 11.000 satoshis fee with the estimated complete time in 60 minutes. I tried to reduce more the fee, but it didn't let me, said the fee was very low and insufficient to complete the transaction. So, we don't have a way to pay lower fees... Sad

The fees recommended by blockchain is always based on the total size of your transaction. Higher transaction size = higher fees, so it is not based on how much btc you are going to send. If you want lower fee then your transaction will be on medium priority. Perhaps you should move to xapo wallet if you want to avoid fees.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

I know how you feel... The fees there are high. I made a 0.002 BTC transaction and had to paid at least 11.000 satoshis fee with the estimated complete time in 60 minutes. I tried to reduce more the fee, but it didn't let me, said the fee was very low and insufficient to complete the transaction. So, we don't have a way to pay lower fees... Sad

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: BrannigansLaw on November 13, 2016, 07:08:48 PM

Quote from: SmartIphone on November 13, 2016, 05:01:22 PM

Quote from: BrannigansLaw on November 13, 2016, 04:58:36 PM

Well I sent it with a 0.00022 fee ($0.15), so still a big fee but I need it to confirm quickly, so we will see. Here is the transaction, btw I love my address! https://blockchain.info/tx/8de09aba4a2ac79c8b4240eb294d1ca4c50ce96c7eb938950348dccd07d9a784

Just check your transaction size and you will conclude that it will be very hard for this tx to get confirmed.
You have many inputs which caused the transaction size to be Size : 7437 (bytes)

bah so thats $40 down the toilet? does say 'medium' priority'

you got lucky that your transaction was confirmed with such a low fee of 0.00022 BTC while having 7437 (bytes) because it is an extremely low amount of fee for a big transaction like yours which has 41 inputs!

read this site: http://bitcoinfees.21.co/
it has some good information about fees and how they are calculated based on the size of your transaction.

oh and by the way the 'medium' priority' that blockchain.info gives you is usually a bad estimate.

BrannigansLaw

hero member

Activity: 603

Merit: 500

Quote from: SmartIphone on November 13, 2016, 05:01:22 PM

Quote from: BrannigansLaw on November 13, 2016, 04:58:36 PM

Well I sent it with a 0.00022 fee ($0.15), so still a big fee but I need it to confirm quickly, so we will see. Here is the transaction, btw I love my address! https://blockchain.info/tx/8de09aba4a2ac79c8b4240eb294d1ca4c50ce96c7eb938950348dccd07d9a784

Just check your transaction size and you will conclude that it will be very hard for this tx to get confirmed.
You have many inputs which caused the transaction size to be Size : 7437 (bytes)

bah so thats $40 down the toilet? does say 'medium' priority'

CasinoBetGame

hero member

Activity: 644

Merit: 500

you can setting about fee
you can set minimum fee sending, but this send inrcaese bitcoin so sending fee up and incrase too
minium sending fee in blockchain 15k satoshi but can inraese if sending much bitcoin

SmartIphone

legendary

Activity: 1204

Merit: 1000

Quote from: BrannigansLaw on November 13, 2016, 04:58:36 PM

Well I sent it with a 0.00022 fee ($0.15), so still a big fee but I need it to confirm quickly, so we will see. Here is the transaction, btw I love my address! https://blockchain.info/tx/8de09aba4a2ac79c8b4240eb294d1ca4c50ce96c7eb938950348dccd07d9a784

Just check your transaction size and you will conclude that it will be very hard for this tx to get confirmed.
You have many inputs which caused the transaction size to be Size : 7437 (bytes)

BrannigansLaw

hero member

Activity: 603

Merit: 500

Well I sent it with a 0.00022 fee ($0.15), so still a big fee but I need it to confirm quickly, so we will see. Here is the transaction, btw I love my address! https://blockchain.info/tx/8de09aba4a2ac79c8b4240eb294d1ca4c50ce96c7eb938950348dccd07d9a784

SmartIphone

legendary

Activity: 1204

Merit: 1000

Quote from: BrannigansLaw on November 13, 2016, 03:50:46 PM

I've not sent anything from my blockchain wallet in a long time, but upon deciding to cash out I niotice a $2+ recommended fee. wtf? why is this?

Don't use the recommended fee if they are really high, I have seen people making transactions that have a value of million of dollars and pay only $0.0x.
Based on the last block the transaction has paid from 0.0001 to 0.0002 for a transaction that has average size <225 Bytes.

steven0021

hero member

Activity: 629

Merit: 501

Experientia docet

Quote from: BrannigansLaw on November 13, 2016, 04:13:57 PM

Quote from: BitcoinNewsMagazine on November 13, 2016, 04:06:47 PM

Just set your fee manually using https://bitcoinfees.21.co/ as a guide. BTW I just sent from bc.info using advanced send and the suggested fee was reasonable and low.

ok cool but how do I see how many bytes my transaction will be? I've not sent it yet.

IIRC you can't. BC.I doesn't let you see the full preview of your tx, or set a fee per kb manually.
It does tell you the estimated confirmation time (which is not very reliable) when you change the fee.

Skarner21

hero member

Activity: 700

Merit: 500

Massive price drop coming...

Quote from: BrannigansLaw on November 13, 2016, 04:13:57 PM

Quote from: BitcoinNewsMagazine on November 13, 2016, 04:06:47 PM

Just set your fee manually using https://bitcoinfees.21.co/ as a guide. BTW I just sent from bc.info using advanced send and the suggested fee was reasonable and low.

ok cool but how do I see how many bytes my transaction will be? I've not sent it yet.

Try to send it and click advance below in description while you are in sending and set your own fee.. like i said i am paying 0.00022 for 0.1 btc so i think you can set it 0.0002 for high priority.. and maybe it can reduce your recommended fee in blockchain..

BrannigansLaw

hero member

Activity: 603

Merit: 500

Quote from: BitcoinNewsMagazine on November 13, 2016, 04:06:47 PM

Just set your fee manually using https://bitcoinfees.21.co/ as a guide. BTW I just sent from bc.info using advanced send and the suggested fee was reasonable and low.

ok cool but how do I see how many bytes my transaction will be? I've not sent it yet.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Just set your fee manually using https://bitcoinfees.21.co/ as a guide. BTW I just sent from bc.info using advanced send and the suggested fee was reasonable and low.

steven0021

hero member

Activity: 629

Merit: 501

Experientia docet

TXid (if you've sent it)? I'm sure that it's because your transaction size is quite big. And again, the amount of btc being transferred have very little to do with the recommended fee. It's the size of the transaction that matters.

Skarner21

hero member

Activity: 700

Merit: 500

Massive price drop coming...

Its weird i am paying for cents in my 0.1 btc send to another wallet i am paying for 0.000220 sat for transaction fee with high recommended fee in electrum maybe there is some mistake on blockchain and i think better to try to contact them i did not see any news about block chain maybe there is some mistake because they are upgraded the blockchain wallet..

BrannigansLaw

hero member

Activity: 603

Merit: 500

I've not sent anything from my blockchain wallet in a long time, but upon deciding to cash out I niotice a $2+ recommended fee. wtf? why is this?

Topic: blockchain $2 fee on $40 transaction? :/ - page 2. (Read 1049 times)