Im a daytrader and im sending a lot of bitcoin around on a daily basis from coinbase pro.
As you can imagine in the world of trading any assets, time is money and speed is key.
Im always sending to and from segwit wallets but the transaction time is still way to slow sometimes.
Most of my transactions are sent from coinbase pro to another segwit wallet , and as far as i know coinbase pro does not let you set the fee manually so i cant speed up the transaction this way unfortunately.
I was wondering if anybody know any tips and tricks on how to speed up transactions from coinbase pro? Ive read about "transaction accelerators" but ive never tried it, anybody with good experience from using a service like this? Or any other method for speeding up transactions from coinbase pro or other wallets where you can not set the fee manually?
As you can imagine in the world of trading any assets, time is money and speed is key.
Im always sending to and from segwit wallets but the transaction time is still way to slow sometimes.
Most of my transactions are sent from coinbase pro to another segwit wallet , and as far as i know coinbase pro does not let you set the fee manually so i cant speed up the transaction this way unfortunately.
I was wondering if anybody know any tips and tricks on how to speed up transactions from coinbase pro? Ive read about "transaction accelerators" but ive never tried it, anybody with good experience from using a service like this? Or any other method for speeding up transactions from coinbase pro or other wallets where you can not set the fee manually?
Tips and tricks? Not really. The paid accelerators are pretty expensive. And since Coinbase batches transactions -- they include lots of different customer withdrawals in each transaction -- it would be very expensive to use a paid service due to the size. You can try free accelerators like ViaBTC, but they may not accept such large transactions, and they may not speed things up any more than if you did nothing.
We should probably be glad that Coinbase handles withdrawals this way. They used to not batch transactions, and they also used to overestimate fees a lot, which drove up fees across the network.
Thanks for the answers and your time!
Just to clarify, when you say expensive, what are we talking here? 5-15 dollars per transaction would not be a problem for me since the volume i move around is pretty big, any good paid transaction accelerator out there? I seem to only be able to find the free ones.
Now that fees are so much lower than last year, I think a couple of the services shut down. BTC.com still operates a paid service. In late December, the fee was around $70 per transaction, and confirmation was only guaranteed within 12 hours to qualify for a refund. To boot, I know they only accepted Alipay and BCH for payments. I'm not sure if that's changed.
ViaBTC still advertises a paid service at the link quoted above, but it seems like you need to register and log in to use it. The other paid services I'm aware of either disappeared or were borderline scams anyway.
