Talking about fees in terms of a flat rate is meaningless, and talking about fees in terms of USD is equally meaningless.
Fees are paid in bitcoin, not fiat. The constant volatility of bitcoin means it is impossible to compare two or more fiat based fees. Further, appropriate fees depend entirely on the size of your transaction in terms of virtual bytes, not financial value. A transaction for $10 could take up 10,000 vbytes, whereas one for $1 million could take up 200 vbytes. An appropriate fee for one could be a gross over or under payment for the other.
You need to start thinking about fees in terms of sats/vbyte, and start using sites which suggest appropriate fees using these units such as https://mempool.space/
Topic: My transaction has been unconfirmed for over 12 hours because of low fees - page 2. (Read 403 times)
June 10, 2021, 05:15:30 AM
June 10, 2021, 05:03:47 AM
I traded some bitcoin yesterday with a fee of $0.88 and till now it is still unconfirmed what can i do? should i wait till eternity or will get confirmed soon? thanks mate
You did not post the transactionid (posting said txid will decrease your privacy, but not your security).
Depending on the transaction:
- if it was opt-in RBF, you could bump the fee
- if change was sent back to you (or if you're the receiver), you could do a CPFP
- Depending on your feerate, viaBTC offers a free tool (if your fee > 10 sat/byte)
What you could always do (independent on the tx):
- Pay a BIG mining pool to include your transaction (don't entertain offers you get in PM, unless they're verifyable from a big pool owner)
- Wait untill most nodes drop the tx from their mempool, then use the same unspent outputs to create a new transaction
What you *could* in some situations do is keep rebroadcasting the raw transaction, this might or might not be a good idear tough... Keeping rebroadcasting the raw tx will make sure it remains in the mempool of most nodes, making it allmost impossible to be dropped...
June 10, 2021, 05:01:16 AM
I traded some bitcoin yesterday with a fee of $0.88 and till now it is still unconfirmed what can i do? should i wait till eternity or will get confirmed soon? thanks mate
Jump to: