Further to Loyce's comment, a fee of 0.00041 BTC as you suggest works out to less than 2 sats/byte. At the moment, transactions with fees less than around 6 sats/byte are being purged, meaning if you set a fee this low then your transaction is unlikely to even broadcast, let alone be mined.
You also need to ask yourself why you have so many tiny inputs. Where did they all come from? What service are you using which you are withdrawing such small amounts from? You would be much better off in future to withdraw larger amounts less frequently, as this would save you a lot on fees moving forward.
Topic: Help me to deicide txn fee for 21000 byte txn ( electrum showing fee 0.002 btc ) (Read 95 times)
March 14, 2021, 02:38:56 PM
March 14, 2021, 02:00:25 PM
You should read how to Consolidate your small inputs when fees are low. With 239 inputs and 21791 bytes, there's (currently) no other way than paying a high fee if you want to send this transaction. Fees are actually quite low today. Most days fees have been much higher than 10 sat/byte lately.
There's one alternative though: enable the Coins tab in Electrum, select (hold CTRL to select more than one) only the highest inputs, and right-click "Spend from" to create a transaction from only those inputs. By reducing the number of inputs you'll reduce the required fee too.
Obfuscating addresses like this does not really hide them.
or am I fine putting custom amount like 0.00041 BTC ($24.81 USD) 0.00000096 BTC/byte
That average fee is for the average transaction size. Your transaction is much larger. You can set 0.00000096 BTC/byte, which is the same as 96 sat/byte, and would be 9.6 times more than you currently need.There's one alternative though: enable the Coins tab in Electrum, select (hold CTRL to select more than one) only the highest inputs, and right-click "Spend from" to create a transaction from only those inputs. By reducing the number of inputs you'll reduce the required fee too.
Obfuscating addresses like this does not really hide them.
March 14, 2021, 01:55:42 PM
I wanted to make a payment! below are details of txn.
but to send that 0.11 BTC TXN ,,, fee showing as .0021BTC (120.4$) when I choose 10/sat byte.
do I need to pay 0.002BTC fee ?
or am I fine putting custom amount like 0.00041 BTC ($24.81 USD) 0.00000096 BTC/byte according to (https://bitinfocharts.com/comparison/bitcoin-transactionfees.html)
but to send that 0.11 BTC TXN ,,, fee showing as .0021BTC (120.4$) when I choose 10/sat byte.
do I need to pay 0.002BTC fee ?
or am I fine putting custom amount like 0.00041 BTC ($24.81 USD) 0.00000096 BTC/byte according to (https://bitinfocharts.com/comparison/bitcoin-transactionfees.html)
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