Author

Topic: Is it safe to use low fee? (Read 86 times)

legendary
Activity: 2758
Merit: 6830
January 02, 2018, 03:18:43 PM
#3
Use this[1] website if you want to calculate how much fees it's recommended to pay for your transactions. It's IMO a little bit more user friendly than the website above.

[1] https://coinb.in/#fees
legendary
Activity: 2954
Merit: 2145
January 02, 2018, 02:52:34 PM
#2
309 sat/byte is not a low fee, it's actually pretty high at the current moment.

To check the current fee prices, go to https://jochen-hoenicke.de/queue/#24h and look at the pending tx fee and mempool size, check higher brackets to know what fees are getting accepted within next blocks. In Tools->Preferences you can enable manual fees, which can be recommended for more experienced users to avoid overpaying on fees. In worst case scenario, if your fee is way too low, it will get stuck for a few weeks as unconfirmed, and will either get confirmed if the mempool will be clearing, or will get evicted from mempool and return to your balance.
full member
Activity: 1274
Merit: 105
January 02, 2018, 02:45:04 PM
#1
Is it safe to use low fee transaction (Within 25 blocks 309. sat/byte)?
How much it cost and how long it will last?

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