Topic: should i add a tx fee to a coldwallet? (Read 1420 times)
There is no reason why the fee has to come out of the cold storage address. If he imports the cold storage private key, then there is no fee. If he later wants to send the imported 1 BTC, the fee could come from another address in the wallet.
I'm printing out my first cold wallet with 1BTC on it to keep long term.I plan to HODL for at least a few years.
Should I add extra to cover a future tx fee? If yes, then what tx fee would you recommend I add?
Thanks.
Should I add extra to cover a future tx fee? If yes, then what tx fee would you recommend I add?
Thanks.
No. Old coins don't need to pay any fee.
It isn't a lot to include. I might do .001 just to be certain. That would cover it even if fees somehow skyrocket.
There's no way to know what the fee criteria will be in one or two years.
Read an article that Bitcoin fees will probably be reduced with such current high prices.
There's no way to know what the fee criteria will be in one or two years.
The OP was also asking about storing 1BTC. Fees are not needed to move it again after waiting 1 day.
Cold wallets don't really need a fee. Old coins get priority when they move.
You don't know when you need the funds. You might suddenly need them tomorrow.
The OP might get the misunderstanding that he can't transfer the 1BTC in case he does not add an additional amount as an transaction fee..
If you had the ability to read the original post, you would understand that he knows that transaction fees are optional, and he is just asking how much he should add.
Please read his post again, I dare to disagree.
I don't agree with you. He is asking if he should, because he wants to get the entire bitcoin back, and he wants to know if he can send without fee in the future.
That really is your own interpretation. So please try to not judge too quickly about the ability to read of others.
If he thinks that he can't transfer the BTC without adding a fee, he would ask:
"Do I have to add extra to cover a future transaction fee?"
But he is asking:
Should I add extra to cover a future tx fee?
Should and Must are 2 very different things.
Cold wallets don't really need a fee. Old coins get priority when they move.
You don't know when you need the funds. You might suddenly need them tomorrow.
The OP might get the misunderstanding that he can't transfer the 1BTC in case he does not add an additional amount as an transaction fee..
If you had the ability to read the original post, you would understand that he knows that transaction fees are optional, and he is just asking how much he should add.
Please read his post again, I dare to disagree.
I don't agree with you. He is asking if he should, because he wants to get the entire bitcoin back, and he wants to know if he can send without fee in the future.
That really is your own interpretation. So please try to not judge too quickly about the ability to read of others.
Cold wallets don't really need a fee. Old coins get priority when they move.
You don't know when you need the funds. You might suddenly need them tomorrow.
The OP might get the misunderstanding that he can't transfer the 1BTC in case he does not add an additional amount as an transaction fee..
If you had the ability to read the original post, you would understand that he knows that transaction fees are optional, and he is just asking how much he should add.
Please read his post again, I dare to disagree.
I don't agree with you. He is asking if he should, because he wants to get the entire bitcoin back, and he wants to know if he can send without fee in the future.
Cold wallets don't really need a fee. Old coins get priority when they move.
You don't know when you need the funds. You might suddenly need them tomorrow.
The OP might get the misunderstanding that he can't transfer the 1BTC in case he does not add an additional amount as an transaction fee..
If you had the ability to read the original post, you would understand that he knows that transaction fees are optional, and he is just asking how much he should add.
Please read his post again, I dare to disagree.
You don't know when you need the funds. You might suddenly need them tomorrow.
That may be enough time to make the transaction high priority, depending on the amount.
Quote from: Transaction fees: Technical info
Transaction priority is calculated as a value-weighted sum of input age, divided by transaction size in bytes:
Transactions need to have a priority above 57,600,000 to avoid the enforced limit (as of client version 0.3.21). This threshold is written in the code as COIN * 144 / 250, suggesting that the threshold represents a one day old, 1 btc coin (144 is the expected number of blocks per day) and a transaction size of 250 bytes.
- Bitcoin Wiki: Transaction fees Code:
priority = sum(input_value_in_base_units * input_age)/size_in_bytes
Cold wallets don't really need a fee. Old coins get priority when they move.
You don't know when you need the funds. You might suddenly need them tomorrow.
The OP might get the misunderstanding that he can't transfer the 1BTC in case he does not add an additional amount as an transaction fee..
If you had the ability to read the original post, you would understand that he knows that transaction fees are optional, and he is just asking how much he should add.
Cold wallets don't really need a fee. Old coins get priority when they move.
You don't know when you need the funds. You might suddenly need them tomorrow.
The OP might get the misunderstanding that he can't transfer the 1BTC in case he does not add an additional amount as an transaction fee..
Cold wallets don't really need a fee. Old coins get priority when they move.
You don't know when you need the funds. You might suddenly need them tomorrow.
Cold wallets don't really need a fee. Old coins get priority when they move.
it's for RoooOOOUUUNNNnnnnd bitcoin ... like 10 000 000,0005 BTC 
when you transfer this, you have the 10 000 000 BTC ... and not 9 999 999, 9998
when you transfer this, you have the 10 000 000 BTC ... and not 9 999 999, 9998
You can if it gives you piece of mind. Just make it like 1.0005
same thing, i have added 0,5-0,6 mBTC for fee transaction at the whole amount of my cold storage ... in case of.
In case of what exactly? You will just be able to transfer <1BTC into your hot wallet. That's all.
To pay the transaction fee. Have you even bothered to read the post or the thread?
You can if it gives you piece of mind. Just make it like 1.0005
same thing, i have added 0,5-0,6 mBTC for fee transaction at the whole amount of my cold storage ... in case of.
In case of what exactly? You will just maybe be able to transfer <1BTC from your cold storage in case of a required transaction fee. That's all.
You can if it gives you piece of mind. Just make it like 1.0005
same thing, i have added 0,5-0,6 mBTC for fee transaction at the whole amount of my cold storage ... in case of.
Thanks for the replies people. I'll load an extra 0.0001 to the 1 BTC coldwallet. That should cover any future tx fee if I sell it.
I was thinking the same thing fbueller about how much a tx fee from now will be worth in the future.
I was thinking the same thing fbueller about how much a tx fee from now will be worth in the future.
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