This thread really saved me a lot - time and money. I wanted to transfer $39 worth of Bitcoin with an unbelievable charges of $14 using Blockchain but I ended up using a lower charges of $4 using the information I found on https://bitcoinfees.earn.com/ as guide.
Topic: Blockchain.info - Really high fees? (Read 6408 times)
haha, look at this funny!
But this not true and I am sure with that. We have to get the bitcoin transacted from one wallet to another with 0.0003btc alone not a 0.03 btc. You are completely stupid with this image.
However, I too have found some funds still left over in my wallet itself I cannot use that fund to transfer from that wallet it seems that is reason I hate the blockchain wallet. Then recently I swapped to use the Coinbase and electrum to have the btc funds. I expect the blockchain team recover this fees and fund staging issue in the wallet.
Where did you get the idea that 0.0003btc is enough without seeing how many inputs will his transaction have? Because imo have you looked at the current network condition? It's really clogged up right now (200K+ unconfirmed transactions) as a result miner fees will be much higher than usual and whats more if op's transaction has a bigger size (many inputs)?
Here are the current recommended fees
Quote from: https://bitcoinfees.earn.com/
Which fee should I use?
The fastest and cheapest transaction fee is currently 450 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 101,700 satoshis.
The fastest and cheapest transaction fee is currently 450 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 101,700 satoshis.
Quote from: btc.com/stats/unconfirmed-tx
Current best transaction fees
470 Satoshis/byte | 0.0047 BTC/KB
470 Satoshis/byte | 0.0047 BTC/KB
And why are you asking blockchain.info to recover your fees? Sorry but are you informed that it doesn't go to blockchain.info? as it goes to the miner who included your transaction in a block
haha, look at this funny!
But this not true and I am sure with that. We have to get the bitcoin transacted from one wallet to another with 0.0003btc alone not a 0.03 btc. You are completely stupid with this image.
However, I too have found some funds still left over in my wallet itself I cannot use that fund to transfer from that wallet it seems that is reason I hate the blockchain wallet. Then recently I swapped to use the Coinbase and electrum to have the btc funds. I expect the blockchain team recover this fees and fund staging issue in the wallet.
haha, look at this funny!
SO if We use from Electrum , it`s fee is very very normal and low Huh or this site follows Blockchain rules too ?
what we shold do now?
please help me
what we shold do now?
please help me
I have an electrum wallet and do trades with my some of my bitcoins there but the thing on electrum. I only trust it's security but with it's fee it's higher than blockchain.info. If you want to have some lower fees, you can go with blockchain.info this is the web wallet that I've known so far that is even more charging lower fees. You can also set the fee on your transaction if you want to pay lower fee but expect that it will take a lot of time so make sure that you don't need it on a rush.
I have a little amount in my blockchain.info wallet, but couldn't get out because fees are higher, than my funds. Thanks to forum infos here, I simply can "export" my funds. Will never use blockchain again.
Of courss fees must be paid. That is neccessary, but they are exorbitant on blockchain in my opinion or there is a bug on calculator.
To be honest. Maybe the size of my funds is too high. Will see, what's the issue.
Of courss fees must be paid. That is neccessary, but they are exorbitant on blockchain in my opinion or there is a bug on calculator.
To be honest. Maybe the size of my funds is too high. Will see, what's the issue.
Well the miner fee depends on how large a transaction is as well as the current network condition so most probably yes you just have too many inputs. You can edit your fees manually on blockchain.info so you can ignore their far from accurate fee estimation and edit it manually. If you have too many inputs, use transaction accelerator services like this one https://www.antpool.com/user/prioritiseTransaction.htm?m=savePrioritiseTx, It even accelerated a no miner fee transaction although its not advisable to do the same. Just set your miner fee to a minimum of 10K sats per KB so you can also use viabtc
I tend to find blockchain.info wallets interface very buggy with transaction fees quite often it does it too low so it takes days to confirm or it goes very high.
Buggy in with transaction fees? I don't think they are dependent with https://bitcoinfees.earn.com/ and you have to understand that's the fee for the miners.And when you'll send someone make sure that you can avail that fee or if not you can wait for some more fluctuation and pay it accordingly.
There's no bug in it and if you don't want to wait for a day or more pay the higher fee so that your transaction will be prioritized and if not you can find those people that are offering acceleration for free.
I have a little amount in my blockchain.info wallet, but couldn't get out because fees are higher, than my funds. Thanks to forum infos here, I simply can "export" my funds. Will never use blockchain again.
Of courss fees must be paid. That is neccessary, but they are exorbitant on blockchain in my opinion or there is a bug on calculator.
To be honest. Maybe the size of my funds is too high. Will see, what's the issue.
Of courss fees must be paid. That is neccessary, but they are exorbitant on blockchain in my opinion or there is a bug on calculator.
To be honest. Maybe the size of my funds is too high. Will see, what's the issue.
Well the miner fee depends on how large a transaction is as well as the current network condition so most probably yes you just have too many inputs. You can edit your fees manually on blockchain.info so you can ignore their far from accurate fee estimation and edit it manually. If you have too many inputs, use transaction accelerator services like this one https://www.antpool.com/user/prioritiseTransaction.htm?m=savePrioritiseTx, It even accelerated a no miner fee transaction although its not advisable to do the same. Just set your miner fee to a minimum of 10K sats per KB so you can also use viabtc
I have a little amount in my blockchain.info wallet, but couldn't get out because fees are higher, than my funds. Thanks to forum infos here, I simply can "export" my funds. Will never use blockchain again.
Of courss fees must be paid. That is neccessary, but they are exorbitant on blockchain in my opinion or there is a bug on calculator.
To be honest. Maybe the size of my funds is too high. Will see, what's the issue.
Of courss fees must be paid. That is neccessary, but they are exorbitant on blockchain in my opinion or there is a bug on calculator.
To be honest. Maybe the size of my funds is too high. Will see, what's the issue.
I tend to find blockchain.info wallets interface very buggy with transaction fees quite often it does it too low so it takes days to confirm or it goes very high.
SO if We use from Electrum , it`s fee is very very normal and low Huh or this site follows Blockchain rules too ?
what we shold do now?
please help me
what we shold do now?
please help me
Electrum also charging higher fee than blockchain.info. I'm using electrum but only for storing some of my bitcoin as I like it as an easy wallet to use and I've got the private keys. They are just following the fees through here https://bitcoinfees.earn.com/ so if the fee is quite high, try to check that out as it recommends the fee that should be able to confirm our transactions.
SO if We use from Electrum , it`s fee is very very normal and low Huh or this site follows Blockchain rules too ?
what we shold do now?
please help me
what we shold do now?
please help me
Once and for all - please understand that sending bitcoins is not free - this is not a decentralized payment method.
Someone has to process your transaction - and as you can imagine - no one will do it for free.
No fee - online wallets which used to exist in the past spoiled people, who believe that high bitcoin fees are linked to some kind of additional fee - which is totally untrue.
Someone has to process your transaction - and as you can imagine - no one will do it for free.
No fee - online wallets which used to exist in the past spoiled people, who believe that high bitcoin fees are linked to some kind of additional fee - which is totally untrue.
This thread created last April 21 when the lightning is yet to come. And I've seen now the fee on blockchain.info has decreased.
It's now at $0.08, yes that's lesser than a quarter and many of us want it that way.
The biggest fee that I paid with them is $20, I guess.
It's now at $0.08, yes that's lesser than a quarter and many of us want it that way.
The biggest fee that I paid with them is $20, I guess.
Hi,
Transaction fees depends on internal and external type of transfer. Usually internal transfers(within e-Wallet provider's network) are free because this kind of transaction doesn't go to Blockchain for validation so obviously you don't have to pay Miner's fee. While external transactions fees are higher because you pay service fee to your e-Wallet provider as well as Miner. And make a note that BTCitcoin transaction fee is not fixed because of the fluctuating market price, so the transaction fee as well as your account balance keeps changing.
You will be in good luck if the price is rising but if the price drops then you bear huge losses. So, having BTCitcoins is not safe even in your own Wallet. Current price is good so whenever I have BTCitcoins i try to exchange it to my bank account. Because the fiat currency value can reduce but my balance remains same.
Regards,
wassi4
Transaction fees depends on internal and external type of transfer. Usually internal transfers(within e-Wallet provider's network) are free because this kind of transaction doesn't go to Blockchain for validation so obviously you don't have to pay Miner's fee. While external transactions fees are higher because you pay service fee to your e-Wallet provider as well as Miner. And make a note that BTCitcoin transaction fee is not fixed because of the fluctuating market price, so the transaction fee as well as your account balance keeps changing.
You will be in good luck if the price is rising but if the price drops then you bear huge losses. So, having BTCitcoins is not safe even in your own Wallet. Current price is good so whenever I have BTCitcoins i try to exchange it to my bank account. Because the fiat currency value can reduce but my balance remains same.
Regards,
wassi4
seems your transaction size is high so its ask high fees too, all transaction fees is depends on size of transaction, but at blockchain you can set the fees amount but its not recommended it will make you will get long time confirmation for your transaction
Appreciate it guys, you've just saved me alot in fees. This has now been resolved and I've learnt something new!
That's pretty nice you become resolve the issue and learn something good. Now, it's time to lock this thread if all are fine now.Because it's necessary as we can't expect that the same answer will appear continuously by different member.
Appreciate it guys, you've just saved me alot in fees. This has now been resolved and I've learnt something new!
I think they are just relaying if what your transaction size. but if you want fully control about your miners fee you can try electrum you have a choice to to low medium and highest fee for more faster transaction.
And if you use low it takes some hours before gets confirm but you can try use some free service that you can accelerate the transaction sometimes it works minutes sometimes hours check it here http://viabtc.com/tools/txaccelerator/
Also this chart for default fee and chance of getting unconfirm if you pay lower fee.
Looks at this site. http://bitcoinfees.21.co
And if you use low it takes some hours before gets confirm but you can try use some free service that you can accelerate the transaction sometimes it works minutes sometimes hours check it here http://viabtc.com/tools/txaccelerator/
Also this chart for default fee and chance of getting unconfirm if you pay lower fee.
Looks at this site. http://bitcoinfees.21.co
Currently trying to send 2 bitcoins, however, the fee is ridiculous high. $45 to be exact...
What do you recommend to put the transaction fee too?
What do you recommend to put the transaction fee too?
Yes you just need to do this if you think that fee is very high and I consider is as truly high.
Just choose advanced send option and send with lower fee. Than go to viabtc.com and use their accelerator, when they mine block they will include your transaction in it.
Most of the time, I'm only paying no more, no less than 0.0002BTC and it's always smooth. I just noticed that my transactions nowadays are fast and I don't know if it can be called as an instant.
With your 2 btc transaction, is that the recommended miners fee by blockchain.info?
I don't know how but in blockchain.info if you import an address or have it as watch only then you might see the option called "transfer" I once used it and sent $0.5 from an address to another one with maybe 1 cent as fee, only if there was a way to consolidate small transaction inputs into one simple and small size balance that would be great.
Just choose advanced send option and send with lower fee. Than go to viabtc.com and use their accelerator, when they mine block they will include your transaction in it.
I think you have received lots of micro transaction that sum up to 2BTC that is the real reason behind this high fee you have. Blockchain.info have option to lower your fee but you may have to wait for few hours. To accelerate this transaction try viabtc tx accelerator.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
I have now moved to Electrum.
So say if I use a $5 fee for a 2bitcoin transaction, this will be safe right? Don't want it getting stuck or anything.
Just use the fee from 21.co as bl4nkcode mentioned (or a bit lower if you don't mind waiting) and you should be fine. If you use too small of a fee (which $5 may be - I'm not sure), then you'll have to wait a very long time to confirm.
So right now this is the current display for 21.co:
The fastest and cheapest transaction fee is currently 0.0000016 BTC/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 0.0003616 BTC
The fee in USD = 45 cents
I'll give it a go.
I have now moved to Electrum.
So say if I use a $5 fee for a 2bitcoin transaction, this will be safe right? Don't want it getting stuck or anything.
It completely depends upon your transction size, fees in bitcoin is not fixed like in any other payment processors. Electrum also uses dynamic fees to ensure your transaction will get faster confirmation, if you like to get confirmation than you have to pay the fee they will recommend.So say if I use a $5 fee for a 2bitcoin transaction, this will be safe right? Don't want it getting stuck or anything.
If you receive 1BTC + 1BTC from two different addresses you have to pay more fees when you try to send more than 1BTC but you have to pay only few cents to send out less than 1BTC from that wallet.
So try to receive higher amounts to spend them with less fee.
I think you have received lots of micro transaction that sum up to 2BTC that is the real reason behind this high fee you have. Blockchain.info have option to lower your fee but you may have to wait for few hours. To accelerate this transaction try viabtc tx accelerator.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
I have now moved to Electrum.
So say if I use a $5 fee for a 2bitcoin transaction, this will be safe right? Don't want it getting stuck or anything.
Just use the fee from 21.co as bl4nkcode mentioned (or a bit lower if you don't mind waiting) and you should be fine. If you use too small of a fee (which $5 may be - I'm not sure), then you'll have to wait a very long time to confirm.
Or you can enable the dynamic fees on electrum . It is a feature on electrum that makes sure that the miner fee you pay is sufficient . I have used it and have no problems so far but to make sure nothing goes wrong check it also in 21.co like what they said .
To enable dynamic fees go to Tools > Preferences > Transactions> Check dynamic fees
I think you have received lots of micro transaction that sum up to 2BTC that is the real reason behind this high fee you have. Blockchain.info have option to lower your fee but you may have to wait for few hours. To accelerate this transaction try viabtc tx accelerator.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
I have now moved to Electrum.
So say if I use a $5 fee for a 2bitcoin transaction, this will be safe right? Don't want it getting stuck or anything.
Just use the fee from 21.co as bl4nkcode mentioned (or a bit lower if you don't mind waiting) and you should be fine. If you use too small of a fee (which $5 may be - I'm not sure), then you'll have to wait a very long time to confirm.
I think you have received lots of micro transaction that sum up to 2BTC that is the real reason behind this high fee you have. Blockchain.info have option to lower your fee but you may have to wait for few hours. To accelerate this transaction try viabtc tx accelerator.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
I have now moved to Electrum.
So say if I use a $5 fee for a 2bitcoin transaction, this will be safe right? Don't want it getting stuck or anything.
The ACTUAL amount you send has nothing to do anything with the fees. What matters is the number of inputs and outputs, which make the transaction larger in size.
For example if you got that 2 BTC from 10 different transactions (inputs), the transaction size would be considerably higher, and so would the fee, than if you got it all at once (from 1 transaction).
I think you have received lots of micro transaction that sum up to 2BTC that is the real reason behind this high fee you have. Blockchain.info have option to lower your fee but you may have to wait for few hours. To accelerate this transaction try viabtc tx accelerator.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
I have now moved to Electrum.
So say if I use a $5 fee for a 2bitcoin transaction, this will be safe right? Don't want it getting stuck or anything.
I think you have received lots of micro transaction that sum up to 2BTC that is the real reason behind this high fee you have. Blockchain.info have option to lower your fee but you may have to wait for few hours. To accelerate this transaction try viabtc tx accelerator.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
Also web wallets like blockchain.info is not my first choice, electrum is way better than any web wallets.
Currently trying to send 2 bitcoins, however, the fee is ridiculous high. $45 to be exact...
What do you recommend to put the transaction fee too?
1.I don't recommend using blockchain.info with that amount of transactions ,use a desktop wallet.What do you recommend to put the transaction fee too?
2.Replace the default fees but sending from an address with exactly the amount you want to send plus te calculated fees from any bitcoin fees tool.This way ,blockhain.info can't use additional coins from your balance.And with low transaction fees you know the catch ,takes forever to confirm.
You can lower the fee, but it will take longer to confirm. Right now the recommended fee for a fast transaction is 160 satoshi/byte.
Currently the mempool has ~27k unconfirmed transactions: https://blockchain.info/unconfirmed-transactions
You could wait for it to get below 15K, you'd be able to lower your fee considerably without compromising on confirmation time.
Currently the mempool has ~27k unconfirmed transactions: https://blockchain.info/unconfirmed-transactions
You could wait for it to get below 15K, you'd be able to lower your fee considerably without compromising on confirmation time.
The Blockchain wallet's fee estimation is terrible, but it is making normal transactions for you (unlike Coinbase or Xapo, where you can't actually customise your fees because they're not charging you the same that they're paying for the transaction). You can set whatever fee you want.
You should measure it in satoshi/byte though rather than price. If Blockchain recommends a fee that high it's probably because your transaction is insanely large for some reason. Maybe you built up the Bitcoin with hundreds of tiny dust inputs instead of accepting large transactions yourself?
You should measure it in satoshi/byte though rather than price. If Blockchain recommends a fee that high it's probably because your transaction is insanely large for some reason. Maybe you built up the Bitcoin with hundreds of tiny dust inputs instead of accepting large transactions yourself?
Transaction fee depends on the size of the transaction you want to make/send on any particular address/es. But $45 or 0.03508 current price via preev is pretty really high. But since you are using blockchain.info:s wallet you can manually put your desired fee based on this site https://bitcoinfees.21.co.
Currently trying to send 2 bitcoins, however, the fee is ridiculous high. $45 to be exact...
What do you recommend to put the transaction fee too?
What do you recommend to put the transaction fee too?
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