Author

Topic: Transaction fee & a question. (Read 103 times)

legendary
Activity: 3052
Merit: 1273
December 30, 2017, 01:52:02 PM
#4
Hello everyone,

  • I have one bitcoin and would like to transfer it. I know that I can't send the whole bitcoin because the transaction won't execute without paying a fee. I googled that you can find out the fee from https://bitcoinfees.earn.com/, but I don't quite understand  what the fee should be (as it depends on blocks etc.). So in conclusion, what is the recommended fee that I should use? (E.g. send 0.985 BTC @Coinbin, so the fee would be 0.015).

I always check for the fee/byte that has less transactions waiting to be confirmed, i.e.; if the website shows 700-800 sats/byte should be sent to get confirmation in the next block but there is a fee level eg.: 150-160 sats/byte which only have 200-400 transactions left to be confirmed and that's the least number in between and if I am comfortable to get it accepted in 3-10 blocks, then I send it using that much fee.

Quote
  • Secondly, I have had my bitcoin for over a year, meaning that I should get all the benefits (Bitcoin Cash etc.). How can I access my Bitcoin Cash if I have a multisig?

Multisig? You have them at an exchange or you created it yourself?
Though, I am not that familiar with how you could get your BCH using a multisig address, the most important thing is the screenshot that was taken, if you had these coins on your multisig address during that time and if you have your private key, I think you need to import it to BCH wallet to get your address added there too as BCH follows the same address pattern as of Bitcoins (not aware of multisigs though).

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  • Thirdly, Coinbin uses BTC as a currency not Satoshis/mBTC, right?

Never used it, but after seeing it, can say that there were no such options to see satoshis/mBTC.
You can login and check yourself what's inside, though.[/list]
hero member
Activity: 3052
Merit: 651
December 30, 2017, 01:41:01 PM
#3
That is a lot of money for a transaction of 1 bitcoin.
Transferring or withdrawal? Just dont want to be confused with what you really want to happen?
Where are you going to transfer it?

I dont think you should go on with that kind of fee. If you are trying to transfer with a wallet with control then you can move the bytes per satoshis.
Try taking it down and you will see.
.015 is 15mbtc and that is a lot my friend. I dont suggest that. Maybe that is dynamic mode.
member
Activity: 378
Merit: 11
Decentralized Digital Billboards
December 30, 2017, 01:25:24 PM
#2
- 0.015 it a big fee, but fee depends from inputs to your wallet, its mean if to your wallet btc will be incomed with one transaction then 0.005 fee is more then enough.
- if you can download your private key from coinbin you can after transfering your one btc, input private key to bch wallet and claim your forked coins
- I never seen coinbin but i think currency vieweing can be setup by users
newbie
Activity: 17
Merit: 0
December 30, 2017, 12:56:32 PM
#1
Hello everyone,

  • I have one bitcoin and would like to transfer it. I know that I can't send the whole bitcoin because the transaction won't execute without paying a fee. I googled that you can find out the fee from https://bitcoinfees.earn.com/, but I don't quite understand  what the fee should be (as it depends on blocks etc.). So in conclusion, what is the recommended fee that I should use? (E.g. send 0.985 BTC @Coinbin, so the fee would be 0.015).
  • Secondly, I have had my bitcoin for over a year, meaning that I should get all the benefits (Bitcoin Cash etc.). How can I access my Bitcoin Cash if I have a multisig?
  • Thirdly, Coinbin uses BTC as a currency not Satoshis/mBTC, right?

Sorry for the stupid questions.

Best regards,
Hundionu
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