Hello. Please do you have any recipe how to make the cheapest possible transaction with many inputs 5 or more to 1 output and yet make it the cheapest ? I need to do the transaction through an application , I don't have the PC option . It keeps giving me high fees whether it is 50$ or 150$ , I try all options , mempool , static...and no acceptable reduction in TX fee. Thank
Firstly, which wallet are you using because transaction fees are moderate now and you should not be spending much on it. You can use https://mempool.space/ to check the actual fee needed to transfer your bitcoin so that it can be added to the next block.Electrum accepts adjustments of fee manually and I think that will be the best thing that you need to do by checking it on the me pool and set the fee to the right amount shown in the mempool for such amount that you are sending. It is because you have spending from 5 outputs as one input, the fee will be high. You should use mempool and not static.
Since you are using a phone, this can adjust fee by moving the fee adjustment to the right or to the left before clicking pay.
