BTC Transaction fee | Bitcointalksearch.org

Anfisman

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Quote from: shine1123 on September 07, 2017, 10:52:30 PM

Quote from: sunno330 on September 07, 2017, 10:41:53 PM

which wallet is better wallet as send fee low.
I meaning that transaction fee low.
Coinbase wallet is so much high transaction fee.
0.001 btc. its so much.
So little fee wallet needed

For bitcoin web wallet i recommend blockchain.info, you can customize the fee and the fee for each transaction is depend, more fee more faster you transaction get confirmed. For dekstop wallet i recommend electrum wallet. 0.001btc fee for exchanges sites is normal though, that's why i never keep my coins on that kind of site.

I agree with you, blockchain wallet does offer a cheaper fee to us, I use it as well. I have several reasons why I use blockchain.
1. The transactions we do are safe
2. Our bitcoin is safe
3. Offer a relatively low fee
4. Available API for online shop merchant.

bitart

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Vires in Numeris

Quote from: dothebeats on September 08, 2017, 01:50:42 AM

Use wallets that do have dynamic fees such as Electrum and blockchain.info. These services often imposed their own fees based on the lowest possible fee on the network for the transaction to be confirmed within the next block. Also, I believe that some mobile wallets support dynamic fees too such as Mycellium and could be handy as well.

Fees in mobile Mycelium wallet is also overpriced (imho). The low-prio fee was about 250sat/B when the mempool was just about to empty and most of the 5-20 sat/B transactions were processed intraday. OK, my transaction with the high fee was processed in 1 hour or so, but I was not in a hurry so the problem is that not every wallet lets you enter fee manually, but you have to choose from the dropdown list.
I don't like conspiracy theories but it does it make sense if big wallet providers runs miner farms as well and they send their overpriced transactions to themselves to mine? They can earn more on transactions and they can still mine bitcoins, double income...

kryptqnick

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Quote from: jtipt on September 07, 2017, 11:15:27 PM

Quote from: sunno330 on September 07, 2017, 10:41:53 PM

which wallet is better wallet as send fee low.
I meaning that transaction fee low.
Coinbase wallet is so much high transaction fee.
0.001 btc. its so much.
So little fee wallet needed

You can use any wallet that allows custom fees and send as low as you want. For ease of use you can use blockchain.info wallet, last I saw the min recommend was 5 sat/byte! that's good.

Well, theoretically you truly can customize the fees and make them as low as you want, but in fact there is some certain minimum for a regular fee and when lots of people perform transactions this minimum can be rather high. Of course it is not likely to be 0.001, though. But something like 0.0007 is likely to be seen, especially if you transfer small amounts of money.

MAbtc

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Quote from: dothebeats on September 08, 2017, 01:50:42 AM

Use wallets that do have dynamic fees such as Electrum and blockchain.info. These services often imposed their own fees based on the lowest possible fee on the network for the transaction to be confirmed within the next block. Also, I believe that some mobile wallets support dynamic fees too such as Mycellium and could be handy as well.

Dynamic fee calculation sounds great, but it often doesn't work very well, and leaves users paying much more than necessary. I consistently send BTC using Electrum on the lowest fee setting (within 25 blocks). It's almost always included in the next block, and has never been delayed more than 2 blocks.

Anyone using the high fee setting to get immediate confirmation on Electrum (and other wallets...Core is even worse) is getting totally reamed on fees. Every single time. And I think this has created a bad feedback cycle where 1) users believe a high fee is necessary when it's not, then 2) persistently complain about the high fees.

Typical users have many less inputs to use on average than services like exchanges, and should expect to transact for considerably lower fees.

So yes, use Electrum, but you should probably use the lower fee settings if you use dynamic fees. Or just manually set much lower fees. And use RBF if necessary.

AGD

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Keeper of the Private Key

Electrum lets you set the fees manually. Best wallet for day to day use.

dothebeats

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Use wallets that do have dynamic fees such as Electrum and blockchain.info. These services often imposed their own fees based on the lowest possible fee on the network for the transaction to be confirmed within the next block. Also, I believe that some mobile wallets support dynamic fees too such as Mycellium and could be handy as well.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

Quote from: shine1123 on September 07, 2017, 10:52:30 PM

Quote from: sunno330 on September 07, 2017, 10:41:53 PM

which wallet is better wallet as send fee low.
I meaning that transaction fee low.
Coinbase wallet is so much high transaction fee.
0.001 btc. its so much.
So little fee wallet needed

For bitcoin web wallet i recommend blockchain.info, you can customize the fee and the fee for each transaction is depend, more fee more faster you transaction get confirmed. For dekstop wallet i recommend electrum wallet. 0.001btc fee for exchanges sites is normal though, that's why i never keep my coins on that kind of site.

I disagree : I recently < this last week > transferred $2500 worth of bitcoin < recommended fee > from a Blockchain.info wallet and paid $14 for the transaction. The priority fee was $75. The transaction took about 30 minutes to receive the first confirmation. I will never use them again.

If you want instant transactions with zero fees for transactions, I would suggest Xapo. < The catch : The recipient has to signup for a Xapo account too and once money is send on-chain, normal miners fees are applicable. Only off-chain tx's are free and instant.

rajuahmed330

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Activity: 450

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I also using coinbase wallet for stock bitcoin.
I also suffer this problem.
I think bitconnect is good.
blockchain wallet is so better as I know, but I not used before this wallet. so u can try this & share with us.

2fresh

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Quote from: sunno330 on September 08, 2017, 01:08:23 AM

Oh I see!
blockchain.info
I hear about this wallet. I will sew details about this bitcoin wallet.
But electrum?
anyone can link send me ? electrum software or website?

To be clear, it's not like blockchain.info has a lower fee than any other wallet, online or offline.
You can customize fee's yeah but you can set transaction fee's on electrum as well.

kelstasy

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Quote from: sunno330 on September 08, 2017, 01:08:23 AM

Oh I see!
blockchain.info
I hear about this wallet. I will sew details about this bitcoin wallet.
But electrum?
anyone can link send me ? electrum software or website?

I believe Electrum is an offline wallet that you can download, check it here mate: https://electrum.org

sunno330

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homt.net

Oh I see!
blockchain.info
I hear about this wallet. I will sew details about this bitcoin wallet.
But electrum?
anyone can link send me ? electrum software or website?

alex 777

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blockchin have low fee but these day prices high so fee will also be high it is one of disadvantage of btc

lottery248

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beware of your keys.

due to too many unconfirmed transactions for miners to verify, indeed they will need a higher fee to sustain themsevles, the fees higher is also due to the limitation of blockchain size. once lower volume, the fee is smaller.

shesheboy

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Quote from: Doell on September 07, 2017, 11:40:35 PM

Quote from: sunno330 on September 07, 2017, 10:41:53 PM

which wallet is better wallet as send fee low.
I meaning that transaction fee low.
Coinbase wallet is so much high transaction fee.
0.001 btc. its so much.
So little fee wallet needed

I'm use a gambling website wallet to make transactions , there they do not use a fee to send because it is at their responsibility , it is the main risk of losing my big bitcoin there but since long I have not lost my bitcoin once there.

this is a nice idea and were on the same boat, ive been also doing this trick to avoid such high fees although it takes some time for the coins to arrive like 20 to 50 minutes but the fee is super low only 2000 satoshi.
@op you can try to use our method so that you can save on high transaction fees or maybe you can download coinomi wallet because coinomi wallet has the option to set your desired transaction fee.

Doell

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Activity: 2156

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Quote from: sunno330 on September 07, 2017, 10:41:53 PM

which wallet is better wallet as send fee low.
I meaning that transaction fee low.
Coinbase wallet is so much high transaction fee.
0.001 btc. its so much.
So little fee wallet needed

I'm use a gambling website wallet to make transactions , there they do not use a fee to send because it is at their responsibility , it is the main risk of losing my big bitcoin there but since long I have not lost my bitcoin once there.

HatakeKakashi

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Activity: 1274

Merit: 513

I already experienced high transaction fee in coinbase wallet I sen less than 100 dollars but the fee is 8 dollars this is very bad. I hope in the next month the transaction fee will be low so we can cashout the remaining bitcoin that we have. I hope the transaction fee will be back like few years the amount is 20k satoshi . I dont know what wallet can set transaction fee but theres have for sure.

Sithara007

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Quote from: sunno330 on September 07, 2017, 10:41:53 PM

which wallet is better wallet as send fee low.
I meaning that transaction fee low.
Coinbase wallet is so much high transaction fee.
0.001 btc. its so much.
So little fee wallet needed

You can try Blockchain.info wallet, where you can set the transaction fee manually. But before setting the fee, please check the mandatory minimum needed for instant confirmation at this website: bitcoinfees.21.co or estimatefee.com. If it is possible to wait for 2-3 days for confirmation, then you can set the fee to as low as 5 Sat / Byte.

jtipt

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Quote from: sunno330 on September 07, 2017, 10:41:53 PM

which wallet is better wallet as send fee low.
I meaning that transaction fee low.
Coinbase wallet is so much high transaction fee.
0.001 btc. its so much.
So little fee wallet needed

You can use any wallet that allows custom fees and send as low as you want. For ease of use you can use blockchain.info wallet, last I saw the min recommend was 5 sat/byte! that's good.

loopes

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Activity: 952

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Quote from: shine1123 on September 07, 2017, 10:52:30 PM

Quote from: sunno330 on September 07, 2017, 10:41:53 PM

which wallet is better wallet as send fee low.
I meaning that transaction fee low.
Coinbase wallet is so much high transaction fee.
0.001 btc. its so much.
So little fee wallet needed

For bitcoin web wallet i recommend blockchain.info, you can customize the fee and the fee for each transaction is depend, more fee more faster you transaction get confirmed. For dekstop wallet i recommend electrum wallet. 0.001btc fee for exchanges sites is normal though, that's why i never keep my coins on that kind of site.

due to coinbase is not bitcoin wallet their fee is high if we compare to bitcoin wallet like blockchain. even on yobit (exchanger) transactions to withdraw is 0.0015 btc it is so high nominal.
about blockchain, one of advantages if we use blockchain is we can customize transactions fee by our self, you are absolutely right but if you put too low fee it has risk which is your transaction will never get confirmed. i prefer to put regular fee to avoid that risk and also i don't choose fast transactions cause it seems expensive for me Grin

pooya87

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Activity: 3472

Merit: 10611

coinbase is not a bitcoin wallet, it is an account that you have with a centralized third party who are allowing you to send and receive bitcoin and take some money from you for giving you that option!

choose your wallet here: https://bitcoin.org/en/choose-your-wallet try using a real bitcion wallet, bitcoin core if you have the space on your HDD and internet speed to download the blockchain, or Electrum if not and if you are ok with an SPV wallet are my suggestions.
in both you can handle fees, but when you do it on your own make sure you understand what each amount means, don't just put a small amount it may never be confirmed if you do.

Topic: BTC Transaction fee (Read 809 times)