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Topic: Fair transaction fees, how much? (Read 210 times)

legendary
Activity: 1120
Merit: 1008
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September 12, 2017, 01:59:58 PM
#2
Transaction fee on bitcoin depends upon size of your transaction and you can find recommended fee to get confirmation in next block here https://bitcoinfees.21.co/

The 0.0001 was done using Electrum so I can choose while 0.001 is default settings on Kraken.
In electrum and in blockchain.info wallet you can set custom fee and can save some bitcoin but you might have to wait for hours to just get one confirmation if you just include few satoshis in fee. Current recommended fee is only around 31,640 satoshis but kraken is taking a fix fee rather than dynamic one. Use poloniex if you want to still pay 10000 satoshi in fee but use them at your own risk with lots of hickups they have right now.
jr. member
Activity: 149
Merit: 2
September 12, 2017, 01:53:50 PM
#1
I remember a time when I only had to pay 0.0001 (early this year) but now it's 0.001.

Is it the rate u guys are paying for a 10 minutes wait time transaction?

The 0.0001 was done using Electrum so I can choose while 0.001 is default settings on Kraken.
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