Pages:
Author

Topic: BlockChain.Com Wallet - Why transaction FEE Is very HIGH - page 2. (Read 408 times)

jr. member
Activity: 47
Merit: 11
Here is my transaction link in your site :
TX LINK
What do you think?

Mempool.space is not my website, but my browser extension is using their API (plus two more alternatives), and I already told you what I think in my previous post.
Your transaction will probably be confirmed this weekend in Saturday or Sunday, so just chill.


Thanks bro,
I am so happy that this forum is really active & pro people are here.
legendary
Activity: 2212
Merit: 7064
Here is my transaction link in your site :
TX LINK
What do you think?

Mempool.space is not my website, but my browser extension is using their API (plus two more alternatives), and I already told you what I think in my previous post.
Your transaction will probably be confirmed this weekend in Saturday or Sunday, so just chill.
jr. member
Activity: 47
Merit: 11
I did transfer 1000$ with 10 satoshi fee.
Now after one day it has n't been confirmed.
How many days should i wait?
Did i lose 1000$?

You didn't lose anything, I am expecting to see 10 satoshi fee probably during this weekend, and you can monitor it if you use mempool.space website
or with my open source browser extension all the time BTC Mempool Fees Extension/add-on for Firefox/Chrome browser.
I would suggest using Electrum wallet in future instead of Blockchain online wallet, and checking mempool before sending your bitcoin.

Here is my transaction link in this site :
TX LINK
What do you think?
Will it confirm after 3-4 days?
legendary
Activity: 2212
Merit: 7064
I did transfer 1000$ with 10 satoshi fee.
Now after one day it has n't been confirmed.
How many days should i wait?
Did i lose 1000$?

You didn't lose anything, I am expecting to see 10 satoshi fee probably during this weekend, and you can monitor it if you use mempool.space website
or with my open source browser extension all the time BTC Mempool Fees Extension/add-on for Firefox/Chrome browser.
I would suggest using Electrum wallet in future instead of Blockchain online wallet, and checking mempool before sending your bitcoin.
jr. member
Activity: 47
Merit: 11
Blockchain.com has a poor fee estimator, which always overestimate fees. You can customize your fee and set it to lower value, however it may take long to confirm. I suggest that you use a minimum of 10 sat/vbyte

Quote
Customize your transaction fee (for advanced users only)
Custom transaction fees should only be set by users with an advanced understanding of transactions and bitcoin fees. Setting too low of a fee may cause your transaction to remain unconfirmed for days or weeks. Please customize your transaction fee at your own risk.

To specify a custom transaction fee, click Customize Fee in the bitcoin send screen and enter your chosen fee in sat/b.
https://support.blockchain.com/hc/en-us/articles/209283686-Sending-Bitcoin

Click in the customize fee button



https://medium.com/blockchain/improving-our-fee-recommendations-11722afccd6

Set a minimum of 10 here. It may take a few days to confirm.

https://www.alfa.cash/guides/how-to-set-miners-fee-bitcoin-transaction-popular-crypto-wallets-blockchaininfo-electrum

You can see recommended transaction fees here:
https://mempool.space/
https://bitcoindata.science/plot-your-transaction-in-mempool.html

I did transfer 1000$ with 10 satoshi fee.
Now after one day it has n't been confirmed.
How many days should i wait?
Did i lose 1000$?
legendary
Activity: 3346
Merit: 3130
The fee is based in the transaction size, if that transaction has multiple inputs then the size will be bigger and you will need to pay more fees. For sure for your second transaction, you have multiple inputs and that would explain the $200 fees that blockchain wants. If you use lower fees than recommended then your transaction will get stuck and will take multiple blocks to confirm.

So, is important to learn about fees consolidation and wait for the right time to make your transaction. For this you should follow this thread https://bitcointalksearch.org/topic/aug-2022-mempool-empty-use-this-opportunity-to-consolidate-your-small-inputs-2848987
jr. member
Activity: 47
Merit: 11
Guys you are pro and you are the best.
Thanks...
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
Blockchain.com has a poor fee estimator, which always overestimate fees. You can customize your fee and set it to lower value, however it may take long to confirm. I suggest that you use a minimum of 10 sat/vbyte

Quote
Customize your transaction fee (for advanced users only)
Custom transaction fees should only be set by users with an advanced understanding of transactions and bitcoin fees. Setting too low of a fee may cause your transaction to remain unconfirmed for days or weeks. Please customize your transaction fee at your own risk.

To specify a custom transaction fee, click Customize Fee in the bitcoin send screen and enter your chosen fee in sat/b.
https://support.blockchain.com/hc/en-us/articles/209283686-Sending-Bitcoin

Click in the customize fee button



https://medium.com/blockchain/improving-our-fee-recommendations-11722afccd6

Set a minimum of 10 here. It may take a few days to confirm.

https://www.alfa.cash/guides/how-to-set-miners-fee-bitcoin-transaction-popular-crypto-wallets-blockchaininfo-electrum

You can see recommended transaction fees here:
https://mempool.space/
https://bitcoindata.science/plot-your-transaction-in-mempool.html
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
Hi dear managers,
I have two wallets in BlockChain.Com web site.
When i want to transfer bitcoin from one of them situation is like this :
Money for transfer : $1000
Transaction Fee = Priority = $26
In another wallet situation is like this :
Money for transfer : $1000
Transaction Fee = Priority = $210
I am so confused!!!!!!!!!!!!!
Why does BlockChain.Com act like this?
How can i reduce second wallet's fee?

I can try to help, but you provided far too few information.
First of all, blockchain.com is a private company and we are not their support. Also, although they do offer a web wallet solution, web wallets are not advised because they are inherently unsafe.

Now, about your problem.
The transaction fee depends on how busy the network is - that increases the fee/vByte your wallet will ask - and the size of your transaction.
From the info you provided I think that the second wallet has a lot of small inputs and that makes it big hence expensive (analogy: wallet 1 has banknotes, wallet 2 has a ton of small coins and you'll have to hire a truck/lorry to carry them)

How... if you work from desktop/laptop you'll probably have to import the wallet into a smarter one and make your transaction only from the bigger inputs.
And the smaller inputs you'll use/consolidate when the network fees are lower (weekends).

However, until we get here, you should validate that this is indeed the case (you indeed have big number of inputs in wallet 2)
jr. member
Activity: 47
Merit: 11
Hi dear managers,
I have two wallets in BlockChain.Com web site.
When i want to transfer bitcoin from one of them situation is like this :
Money for transfer : $1000
Transaction Fee = Priority = $26
In another wallet situation is like this :
Money for transfer : $1000
Transaction Fee = Priority = $210
I am so confused!!!!!!!!!!!!!
Why does BlockChain.Com act like this?
How can i reduce second wallet's fee?
Pages:
Jump to: