Electrum fee | Bitcointalksearch.org

JWU42

legendary

Activity: 1666

Merit: 1000

Quote from: AussieHash on September 13, 2015, 02:40:52 AM

Quote from: JWU42 on September 12, 2015, 07:29:27 PM

Incorrect!
You can send with zero fee...

Not always, only if the priority is adequate.

He claimed you have to (i.e., always) use a fee with electrum and that is not true. I think we agree on that...

Maybe there are certain cases where a fee must be included but that is not an Electrum "issue" or "fault".

AussieHash

hero member

Activity: 692

Merit: 500

Quote from: JWU42 on September 12, 2015, 07:29:27 PM

Incorrect!
You can send with zero fee...

Not always, only if the priority is adequate.

JWU42

legendary

Activity: 1666

Merit: 1000

Quote from: Mrzinzin on September 12, 2015, 02:51:52 AM

electrum has a minimum fee or it will refuse to send the payment.

I once tried put 0.00001 fee but it refused to do the transaction

Incorrect!

You can send with zero fee...

Mrzinzin

sr. member

Activity: 294

Merit: 250

electrum has a minimum fee or it will refuse to send the payment.

I once tried put 0.00001 fee but it refused to do the transaction

RustyNomad

sr. member

Activity: 336

Merit: 251

You can change the fee if you are not happy with it. If I may ask, what is the fee Electrum wants to charge you?

Check the settings in Preferences. There is a option that must be ticked 'Set transaction fees manually' and you can also change the 'Transaction fee per kb' above that.

I think Electrum works on a recommended 0.0005 per kb but you can change this to 0.0001 or even lower if you want.

Also, remember that lower fees might lead to the transaction having a lower priority meaning that it will take longer to be added to a block. If your fees are to low it can even lead to the transaction getting stuck for days, especially with the 'stress test/attack' that's going on.

Jumper 32

newbie

Activity: 1

Merit: 0

Hi there I am new to Bitcoin and electrum and I have recently received a bitcoin it was 2 days ago I have tried sending the coin and electrum is asking for a fee which is quite high to send 1 btc I just wanted to know is there a way I can reduce the sending fee of is it a set fee. Thanks once again I am new to this any help will be appreciated

Topic: Electrum fee (Read 2006 times)