Transaction is pending because fee was too low, now what

CryptSafe

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Quote from: Coyster on December 23, 2023, 01:19:34 PM

Quote from: CryptSafe on December 22, 2023, 03:39:26 PM

I am still sceptical of this blue wallet. I downloaded the Blue Wallet app on my Android phone, but it keeps crashing. On several occasions, I opened the wallet and imported my keys and after doing that, it is expected that it would remain there, imported as already done but the reverse is always the case as I keep importing and in some instances, the app does not open.

There isn't anything inherently wrong with Bluewallet, it is a very good, open source Bitcoin wallet and i suspect the problem you are having stems from your device. If it was a general problem, we would have seen so many people complaining about the same thing, thus i think the reason why the application crashes is a problem from your device.

Quote from: CryptSafe on December 22, 2023, 03:39:26 PM

I think the developer needs to look into it for an update or phone compartibility because my gadget is a sophisticated one

Bluewallet is already compatible with mobile devices (both Android and IOS). BTW, what device are you using? Maybe you can try downloading Bluewallet on a different device to see if the same thing happens.

I downloaded the bluewallet app on my phone and it was fine. Opening it is were the issue lies. Sometimes it opens sometimes it doesn't and sometimes it opens and crashes. Possibly there should be an upgraded version of the App but when I checked google playstore to see if there is an update but no such update as I have expected.
OPPO is strong and sophisticated enough to be compatible with bluewallet app. I think bluewallet app would have to upgrade as this might possibly be a bug on their application.

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Quote from: Hamza2424 on December 22, 2023, 03:17:34 PM

Well, that's not anything most people rely on the information they obtain from a single source and they don't cross-check the legitimacy of the basic concepts because they themselves idealize the information in their imagination but at the end of the day when they encounter the truth explanation they find whatever they were idealizing was in a wrong direction. I've faced such situations many times especially when I was encountering a few metaverse-related discussions.

You are right, and my idealizing was to say miners are the ones who can validate our transactions. Even though I have read a lot of articles and written many, I didn't know this minor difference between validators and miners. I am starting to think about how I got this far without knowing it. I guess luck was with me, haha. Well, I think I should also work on rechecking my idealizations about various topics, but to be honest, this is not the first time I am being corrected here on BTT.

I was wrong about many things and corrected by many members, and till now I have learned a lot, so maybe that's why I did not try to learn things on my own but tried to learn things by making mistakes, which I should avoid doing. As you know, sometimes I am bashed by members too.

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Quote from: CryptSafe on December 22, 2023, 03:39:26 PM

I am still sceptical of this blue wallet. I downloaded the Blue Wallet app on my Android phone, but it keeps crashing. On several occasions, I opened the wallet and imported my keys and after doing that, it is expected that it would remain there, imported as already done but the reverse is always the case as I keep importing and in some instances, the app does not open.

There isn't anything inherently wrong with Bluewallet, it is a very good, open source Bitcoin wallet and i suspect the problem you are having stems from your device. If it was a general problem, we would have seen so many people complaining about the same thing, thus i think the reason why the application crashes is a problem from your device.

Quote from: CryptSafe on December 22, 2023, 03:39:26 PM

I think the developer needs to look into it for an update or phone compartibility because my gadget is a sophisticated one

Bluewallet is already compatible with mobile devices (both Android and IOS). BTW, what device are you using? Maybe you can try downloading Bluewallet on a different device to see if the same thing happens.

Faisal2202

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Quote from: hosseinimr93 on December 22, 2023, 03:49:46 PM

Any node is connected to some other nodes.
Once you broadcast your transaction-cut-

Yeah, Understood.

Quote from: hosseinimr93 on December 22, 2023, 03:49:46 PM

You pay the fee to miners, -cut-

Understood.

Quote from: hosseinimr93 on December 22, 2023, 03:49:46 PM

Yes, anyone has your address can check all your transactions.

Assume that you don't run your own node and you are using a SPV wallet like electrum.
Whenever you open your wallet, electrum sends all the generated addresses to a server. The server can know that all those addresses are owned by the same person.
If you connect to the server with your real IP address, the server can link all those addresses to your IP address.

Now I understand what privacy you were talking about. Thanks for the clarification. I fully understand the basics and the benefits of running the node as a validator. It is really a good thing for those who want to remain hidden, the statement that I made about mixers going down or being of no use, but if this is the case, then mixers are still needed.

PS: Thanks for your help; it really matters. I hope I have some merits to appreciate you but unfortunately I lack some now.

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Quote from: hosseinimr93 on December 22, 2023, 10:08:22 AM

If a miner include an invalid transaction, the block will be rejected by nodes.

Yes, it is correct! When this occurs, it's referred to as a "reorg" or "reorganization". In essence, the nodes will disregard the block containing the illegal or invalid transaction and instead build on the subsequent legitimate/valid block in the chain. As a result, miners must exercise extreme caution when selecting which transactions to include in their blocks because doing so will waste their time and resources on invalid transactions. Miners who include invalid transactions will have a disadvantage in comparison to those who go by the rules, much like in a natural selection process.

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Quote from: Faisal2202 on December 22, 2023, 02:22:24 PM

just to clear things out, if a user made a transaction and broadcasted it using its own node, then it will be sent to other nodes of the network for verification right?

Any node is connected to some other nodes.
Once you broadcast your transaction, it's relayed to some other nodes and finally almost all nodes (including mining pools' nodes) will have your transaction in their mempool.

Quote from: Faisal2202 on December 22, 2023, 02:22:24 PM

and when we broadcast our transaction, we pay the fee? and to whom? or we save a fee?

You pay the fee to miners, so that they include your transaction in the blockchain.
Not that it doesn't matter whether you are owning your node or you are using a SPV wallet. You have to pay the transaction fee.

Quote from: Faisal2202 on December 22, 2023, 02:22:24 PM

And another question is, if someone has our address then he can still use that address on explorers to check our data right? then what type of privacy does it provide us?

Yes, anyone has your address can check all your transactions.

Assume that you don't run your own node and you are using a SPV wallet like electrum.
Whenever you open your wallet, electrum sends all the generated addresses to a server. The server can know that all those addresses are owned by the same person.
If you connect to the server with your real IP address, the server can link all those addresses to your IP address.

CryptSafe

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Quote from: AbuBhakar on December 17, 2023, 10:54:45 AM

Quote from: jeanluca on December 17, 2023, 10:44:47 AM

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

Do you use Bluewallet because I only experience this on bluewallet whenever I open it while my data is still not on then load the wallet.

I am still sceptical of this blue wallet. I downloaded the Blue Wallet app on my Android phone, but it keeps crashing. On several occasions, I opened the wallet and imported my keys and after doing that, it is expected that it would remain there, imported as already done but the reverse is always the case as I keep importing and in some instances, the app does not open. I think the developer needs to look into it for an update or phone compartibility because my gadget is a sophisticated one and as a matter of fact I have other sophisticated wallet stronger than the bluewallet so why is the bluewallet being abnormal.

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Quote from: Faisal2202 on December 22, 2023, 02:22:24 PM

Thanks for this information and thanks for every information you have given to me, I am feeling like a newbie which I am it is just I never tried to learn these things, I thought I couldn't be a miner so why spend time on it. I guess I was wrong, I should have learned these basic things.

Well, that's not anything most people rely on the information they obtain from a single source and they don't cross-check the legitimacy of the basic concepts because they themselves idealize the information in their imagination but at the end of the day when they encounter the truth explanation they find whatever they were idealizing was in a wrong direction. I've faced such situations many times especially when I was encountering a few metaverse-related discussions.

AFAIK it was not on the forum you can imagine the reaction haha, anyway after a couple of incidents I did a recheck on every concept was idealizing by myself without any authentic reference. TBH after interaction with the recurrent topic the adoption of new ideas seems like lost in mess.

Faisal2202

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Quote from: hosseinimr93 on December 22, 2023, 10:08:22 AM

Nodes don't earn anything for validating transactions.

With running your own node and help the network to be more decentralized. The other advantage is that if you run your own node, you wouldn't rely on third parties for checking your balance and transactions history and you can broadcast your transactions by yourself and in this way, you can protect your privacy.

This is a big use of validating transactions like it means we don't need mixers anymore, as no one would see our data, well, just to clear things out, if a user made a transaction and broadcasted it using its own node, then it will be sent to other nodes of the network for verification right? and when we broadcast our transaction, we pay the fee? and to whom? or we save a fee? (just asking, if you feel like I am being way more dumb then You can ignore this reply, but I hope you will not Grin

) And another question is, if someone has our address then he can still use that address on explorers to check our data right? then what type of privacy does it provide us?

Quote from: hosseinimr93 on December 22, 2023, 10:08:22 AM

Right, but just to be more accurate:
Miners don't have to receive transactions from nodes. It's possible that a miner include their own transactions to the blockchain or they receive a transaction directly.
If a miner include an invalid transaction, the block will be rejected by nodes.

Thanks for this information and thanks for every information you have given to me, I am feeling like a newbie which I am it is just I never tried to learn these things, I thought I couldn't be a miner so why spend time on it. I guess I was wrong, I should have learned these basic things.

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Quote from: Faisal2202 on December 22, 2023, 09:34:37 AM

what those nodes are getting?

Nodes don't earn anything for validating transactions.

With running your own node and help the network to be more decentralized. The other advantage is that if you run your own node, you wouldn't rely on third parties for checking your balance and transactions history and you can broadcast your transactions by yourself and in this way, you can protect your privacy.

Quote from: Faisal2202 on December 22, 2023, 09:34:37 AM

One person X runs a node, and validates the transaction, right? and the second person Y (miner) can create a new block and can add this validated transaction coming from X to this block.

Right, but just to be more accurate:
Miners don't have to receive transactions from nodes. It's possible that a miner include their own transactions to the blockchain or they receive a transaction directly.
If a miner include an invalid transaction, the block will be rejected by nodes.

Faisal2202

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Quote from: hosseinimr93 on December 21, 2023, 03:24:47 PM

The term "validator" is used for POS coins.
Bitcoin transactions are validated by nodes and they are included in the blockchain by miners.

Take note that nodes validate any bitcoin transaction they receive, but they don't solve the POW problem and they don't add any transaction to the blockchain.

Hmmm, ok I got the main difference that nodes are what validates the transactions while miners are those who create new blocks and insert this validated transaction in these new blocks, and in return, these miners get block rewards and also fee rewards then what those nodes are getting? I mean I thought miners are the ones who validate the transaction as I thought validation is one of the main components that miners do and all miners do but according to your definition.

One person X runs a node, and validates the transaction, right? and the second person Y (miner) can create a new block and can add this validated transaction coming from X to this block. So what these validators are earning? I am this old to know the difference (haha) so I hope you won't mind me. Grin

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Quote from: Faisal2202 on December 21, 2023, 02:49:12 PM

Can't we call them validators?

The term "validator" is used for POS coins.
Bitcoin transactions are validated by nodes and they are included in the blockchain by miners.

Take note that nodes validate any bitcoin transaction they receive, but they don't solve the POW problem and they don't add any transaction to the blockchain.

Faisal2202

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Quote from: hosseinimr93 on December 20, 2023, 12:24:12 PM

Quote from: Faisal2202 on December 18, 2023, 09:06:50 AM

Once you will make your transaction then it will go to the pending state and after being processed by validators it will be completed.

Transaction are confirmed and included in the blockchain by miners.

Can't we call them validators? Undecided

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Quote from: Faisal2202 on December 18, 2023, 09:06:50 AM

Once you will make your transaction then it will go to the pending state and after being processed by validators it will be completed.

Transaction are confirmed and included in the blockchain by miners.

Quote from: Charmekkd on December 18, 2023, 10:12:34 AM

If what you mean is the RBF feature, it means you have to change your wallet to a wallet that supports this feature. Like electrum and bluewallet.

You can't turn a non-RBF transaction unto a RBF transaction with importing your wallet into a wallet which supports RBF.

Quote from: Hypnosis00 on December 19, 2023, 08:08:11 AM

- increase transaction fees ( check https://mempool.space/ for the fees)

As already said, OP's tranaction was not RBF-enabled.
With full RBF, it's possible to replace a non-RBF transaction with a new paying higher fee. But I doubt there's any SPV wallet allowing doing so.

Quote from: DeathAngel on December 20, 2023, 07:22:52 AM

Post your txid & one of us can try to accelerate the transaction for you.

OP's transaction has been already confirmed.

DeathAngel

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Post your txid & one of us can try to accelerate the transaction for you. Failing that you may be able to do it yourself with Via BTC free transaction accelerator. https://www.viabtc.com/tools/txaccelerator
They are very busy atm due to high fees so you have to submit literally just past the hour or they max out on free accelerations (only a certain amount allowed each hour). People are rampantly trying to get their transaction confirmed using this service right now.

I’ve done it with them many times & always works if fee is minimum 10 sat/byte. You might get lucky over the holiday period & it could confirm any way though. I assume the mempool could clear a bit. If not you will have to wait for the transaction to drop from the mempool & return to you. Always use https://mempool.space/ in future to know what fee is suitable at the time.

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Quote from: jeanluca on December 18, 2023, 01:40:57 PM

Thanks a lot for all the help, I think I finally have some understanding of fees and the mempool!!

Actually, you're not the only person who is worried about the situation, if not all, but most of us. What I did is that I kept checking on https://mempool.space/ and waited for the fees to drop, $8-$10 is somewhat acceptable for me. And also, better move your Bitcoin is bulk just to save fees and time.

In your case OP, the best thing you do is to either;
- increase transaction fees ( check https://mempool.space/ for the fees)
- wait until it confirmed
- or wait until it returns to your wallet as it exceeds that time of unconfirmed transactions.

jeanluca

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Thanks a lot for all the help, I think I finally have some understanding of fees and the mempool!!

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Recently, bitcoin transaction costs have been very high, this will certainly burden bitcoin investors who have small amounts of assets. However, if you have a bitcoin transaction that is stuck, and not confirmed after several days. Usually the transaction will be canceled and the bitcoins you sent will be returned and will remain safe, so don't worry.

Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Unfortunate, in my app I don't have the possibility to bump the fee

If what you mean is the RBF feature, it means you have to change your wallet to a wallet that supports this feature. Like electrum and bluewallet.

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Nah, your transaction will either be revoked, pending, or completed. These are three stats in which your transaction will move. Once you will make your transaction then it will go to the pending state and after being processed by validators it will be completed.

But as of now, your transaction is pending, and either it will be revoked or completed and you can't do anything other than increase the fee using RBF features. Your transaction might be delayed longer than you expected like it might take 24 hours or more but don't worry your money is still in your wallet and will be deducted once completed and if revoked then they are usable.

Quote from: jeanluca on December 17, 2023, 10:44:47 AM

One final question. As the fee is expressed in sats/vb. How do I know how many bytes my transaction is?

You can use the formula but if you would have provided the hash then it might be easy for us to calculate it for you.

Gladitorcomeback

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Your fund is not lost and hope fee will become normal and you will get your payment soon. 10$ fee is not low that it would be go for pending long. I think your transaction has been ignored by miner and now the best solution is to use acceleration. You can check many website offering free acceleration and also reply your transaction id in thread, your transaction will be confirmed soon as fee is good enough.

https://bitcointalksearch.org/topic/freepay-bitcoin-transaction-accelerator-5034315

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Unfortunate, in my app I don't have the possibility to bump the fee

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

It's a temporary glitch it will get fixed in a few days. Your BTC transaction will be successful when the mempool is reduced. For now, there is no reason to worry about your pending transaction. When the Meempool reaches the same level as it was at the time of sending, your withdrawal will automatically succeed. In this case there is no chance of losing your bitcoins forever. It may take a few days to wait until your bitcoins are deposited in your wallet, so please be patient and wait until the withdrawal is successful.

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Quote from: jeanluca on December 18, 2023, 04:13:27 AM

But the question is, why 2 inputs?, why not just one input with 0.1BTC + fee?

You sent someone 0.1 BTC and also paid some fee. That couldn't be covered using a single input worth 0.1 BTC.
For example, if you had sent 0.9 BTC, the transaction could be made either using the input worth 0.1 BTC or using two inputs.

Quote from: jeanluca on December 18, 2023, 04:13:27 AM

And also, why is that second input 0.036BTC, which is a lot more than the fee

That's the change and it was sent back to you.

The total value of inputs was 0.13679383 BTC.
0.1 BTC of that was sent to the recipient, 0.00025896 BTC of that was paid as transaction fee and the remainder (0.03653487 BTC) was sent back to you as change.

jeanluca

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I think I understand that part. If you look at the transactionhttps://ibb.co/YDRD2wZ

There are 2 inputs, both with the same address. One is that 0.1BTC which is transferred to that other address and the other is 0.036BTC from which the fee is subtracted and "OutputB" is the same address as InputA/B, which makes sense. But the question is, why 2 inputs?, why not just one input with 0.1BTC + fee? And also, why is that second input 0.036BTC, which is a lot more than the fee

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Quote from: jeanluca on December 17, 2023, 04:02:07 PM

-------

Each time you receive bitcoin, you recieve a coin which can't be split into smaller parts without making a transaction and must be spent in full.

Assume that you have received two bitcoin transactions and you have two coins now. The coin A is worth 1 BTC and the coin B is worth 0.5 BTC.
If you want to make a transaction sending someone 1.2 BTC, your transaction will have two inputs and two outputs. One of the outputs will be owned by the recipient and the other one will be the change and will be owned by yourself.
If you want to make a transaction sending 0.2 BTC, you don't have to use both coins A and B and you can use either of them.

jeanluca

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https://ibb.co/YBXChyn

One last question. In this image you see a part of the transaction. The thing that I don't understand is that I move 0.1BTC (InputA) but there is also an InputB with 0.03..BTC. Both InputA and InputB are the same address. OutputA is the address I moved my BTC to, and OutputB is the same address as InputA/B (minus the fee). Why is there 0.03 added to the transaction? Why not just 1 input of 0.13BTC?

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Quote from: Mate2237 on December 17, 2023, 02:00:26 PM

~
then another you can also do is to cancel the transaction.

How do you suggest that he can "cancel" the transaction?

Quote from: Mate2237 on December 17, 2023, 02:00:26 PM

If if is Coolwallet then you can import the it to Trustwallet and make the transaction from there and bump the fee.

Why Trust Wallet? Dont you think Electrum or some other reputable open source wallet would be a much better solution in this case?

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Quote from: Mate2237 on December 17, 2023, 02:00:26 PM

Op if you don't have the bump fee button then you can use https://www.viabtc.com/tools/txaccelerator/ to accelerate the transaction but I doubt if can also go because the transaction fee is low...

The minimum accepted on ViaBTC is 10 sats/byte. Depending on how much inputs were used in the transaction, the fee should be above that amount.

Quote from: Mate2237 on December 17, 2023, 02:00:26 PM

If if is Coolwallet then you can import the it to Trustwallet and make the transaction from there and bump the fee.

DO NOT import your coldwallet into trustwallet for any purpose.
Do not even use it as a hot wallet.

- Jay -

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Quote from: Charles-Tim on December 17, 2023, 10:51:33 AM

Just wait and let the mempool become less congested.

This is what you need to do , wait for a less congested mempool or accelerate your fee using the tools mentioned by almost everyone that commented on this thread , the most popular of all is ViaBTC. However, if you still feel like waiting then it might be a lengthy one and this will be determined by the magnitude of your compared to the minimum fee required , could be days, weeks or even months, it's now left to your decision Wink

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Quote from: Mate2237 on December 17, 2023, 02:00:26 PM

you can also do is to cancel the transaction.

There is no such thing when it comes to Bitcoin.

You can bump the fee, which is known as Replace by Fee (RBF), or double spend it back to your own address which is what featured as cancel in electrum but here is the thing OP can't even bump the fee in his wallet.

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Op if you don't have the bump fee button then you can use https://www.viabtc.com/tools/txaccelerator/ to accelerate the transaction but I doubt if can also go because the transaction fee is low then another you can also do is to cancel the transaction. And I also believed that your transaction will not lost to the Blockchain but it is too delayed it will return back to your wallet. If if is Coolwallet then you can import the it to Trustwallet and make the transaction from there and bump the fee.

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Quote from: Mia Chloe on December 17, 2023, 10:51:48 AM

But if the transaction is left unconfirmed for a maximum of about 2 weeks the Bitcoins will return back to your wallet

Based on my experience, it can go more than 2 weeks and even can go as long as a month or so. That happened to me before and I thought that was the first time to saw the fees pump again. But while waiting with that, he can do the tips of the other members telling him to rebroadcast his transaction but based on my experience again, that didn't do much when fees are this high.

Quote from: jeanluca on December 17, 2023, 11:33:41 AM

Thanks for the answers. Waiting sounds like the best option for now

Aside from viabtc, you can contact some miners if you know someone to do the confirmation for you but the cons of this is that you're going to pay a fee. If the amount you transferred isn't worth it, yeah it's just best to wait it until it gets confirmed.

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Quote from: Charles-Tim on December 17, 2023, 12:10:05 PM

He will not be able to do that if the transaction is not supporting replace-by-fee. Unless he tries to look for node that is supporting full RBF. I have not done this before and I do not know how it works because all my transaction are supporting replace-by-fee.

I haven't done it myself personally but if OP has the private keys then he can import it to electrum and can reboradcast the transaction with a new signature if he is able to succeed at finding a node that enabled full RBF feature.

Here is how it should be done explained by @hosseinimr93

Quote from: hosseinimr93 on November 21, 2023, 07:10:26 PM

For making the replacement transaction, you can also use electrum.

- Create a new wallet using your private key.
- Let your wallet get synced and then disconnect your computer from the internet.
- Go to "console" tab and use this command to remove the transaction you want to be replaced from your wallet: wallet.adb.remove_transaction("TXID")
- Close electrum and open it again.
- Make the replacement transaction and export the raw transaction.

Now you have the singed raw transaction and you can broadcast it.
The problem now is that for broadcasting the replacement transaction, you need a node that has enabled full RBF. So, you should try different transaction broadcasting tools until you find a one allowing you to do so and doesn't reject your transaction.

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Quote from: BitMaxz on December 17, 2023, 11:04:24 AM

- The 2nd one is to do a CPFP with high fee if you have full control of the receiving address you can do this.

If he used like just 1 inputs and 2 outputs, there is no need for this because the transaction would have been confirmed or will still be confirmed. That fee will be enough. I wish he tells us the fee rate that he used.

Quote from: BitMaxz on December 17, 2023, 11:04:24 AM

- The 3rd one import your backup phrase to Electrum and bump the fee.

He will not be able to do that if the transaction is not supporting replace-by-fee. Unless he tries to look for node that is supporting full RBF. I have not done this before and I do not know how it works because all my transaction are supporting replace-by-fee.

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Two or three weeks ago I had a transaction where I put on a low fee I thought that in a couple of hours, the transaction fee would go down and the traffic would decongest I was wrong it did the opposite since I don't have any funds to RBF all I can do it wait and do a rebroadcast after 4 days the transaction dropped and the funds returned to my wallet, in your case if the fee will stay high it will likely drop so just wait for it, when it drop, be sure to check mempool to see the priority fee so you can take the right action.

NeuroticFish

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

what will now happen with that transaction. Is my btc lost in transit forever?

I will bold the answer, since it may be lost in the "sea" of ideas how to make your transaction go through.

Quote from: Mia Chloe on December 17, 2023, 10:51:48 AM

also your Bitcoins are not lost forever if the fee is too low miners may not confirm the transaction except maybe you use a free accelerator. But if the transaction is left unconfirmed for a maximum of about 2 weeks the Bitcoins will return back to your wallet

So the transaction will either be confirmed, either will be dropped and in the second case the coins and the fee will return to sender wallet, like nothing has happened.
Just I will add something to this: the 2 weeks is not a precise or even reliable deadline. If the fee is low, some nodes will drop it faster. Certain nodes, some so-called "free accelerators" and even some wallets will keep re-broadcasting the transaction and then even after 2 weeks it may not be dropped.
However, historically the fees had high and lows, so re-broadcasting forever never happened. And of course, the sender can act (rbf either for up the fee, either for canceling, or cpfp for the change), the receiver can act (cpfp), so you still have a certain amount of control there.

PS. OP, you've posted while I was writing this. If it's not useful please PM me and I'll remove.

jeanluca

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Thanks for the answers. Waiting sounds like the best option for now

I'm using Coolwallet. The problem with this wallet is, that it is not BIP39, but something else. So I'm not sure if my seed will work with an other wallet like Sparrow or Electrum

jeraldskie11

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

No, the transaction will be confirmed once the fee went back to normal. You just have to be patient now since there is no feature of bumping the fee. I think it would be better if you use another wallet that have that kind of feature such as Electrum because you will still need that incase you encounter this problem again. You can also see the update of your transaction in the blockchain explorer.

Just check in this thread: List of useful Bitcoin block explorers

BitMaxz

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Unfortunate, in my app I don't have the possibility to bump the fee

What exactly wallet app do you use?
If the app does not have a feature to bump the fee you have 3 options to make the transaction confirm faster.

- The first one is to submit your TXID to https://www.viabtc.com/tools/accelerator

- The 2nd one is to do a CPFP with high fee if you have full control of the receiving address you can do this.

- The 3rd one import your backup phrase to Electrum and bump the fee.

Any of this should be able to make your transaction to be confirmed faster.

Charles-Tim

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Quote from: AbuBhakar on December 17, 2023, 10:54:45 AM

Do you use Bluewallet because I only experience this on bluewallet whenever I open it while my data is still not on then load the wallet. You can check your transaction on blockchain explorer to see what fee is used is sats/vB format. Mempool is the best explorer to determine suggested fee and the details of the transaction.

You use a high fee so you just need to wait a little until the mempool clear some space.

Bluewallet supports RBF. So I do not think he used Bluewallet.

https://jochen-hoenicke.de/queue/#BTC,1y,weight is the best that I know of to check the fee rate. mempool.space is also good and accurate.

kryptqnick

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Unfortunate, in my app I don't have the possibility to bump the fee

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

Hey there. It won't be lost in transit forever, don't worry about that. $10 isn't nothing, it's just well below the current average of over $35. I had such an issue a couple of times when I mismatched the fee significantly, and the transaction got stuck. It will get through eventually. The average fee was $10 just a few days ago, and the spikes seem to come and go pretty quickly. You can wait it out, maybe it'll take a day or a few days. But the funds won't be lost this way, they'll just take much longer to go through the system. You can monitor the fees to get an idea of where it's going, and then you can expect your transaction to finally make it. If you can increase the fee, you can try that, as bitmover pointed out.

AbuBhakar

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

Do you use Bluewallet because I only experience this on bluewallet whenever I open it while my data is still not on then load the wallet. You can check your transaction on blockchain explorer to see what fee is used is sats/vB format. Mempool is the best explorer to determine suggested fee and the details of the transaction.

You use a high fee so you just need to wait a little until the mempool clear some space.

Mia Chloe

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Unfortunate, in my app I don't have the possibility to bump the fee

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

You can check the fees in vbytes on the mempool by inputing the transaction ID using the link provided by Charles-Tim and bitmover also your Bitcoins are not lost forever if the fee is too low miners may not confirm the transaction except maybe you use a free accelerator. But if the transaction is left unconfirmed for a maximum of about 2 weeks the Bitcoins will return back to your wallet

Charles-Tim

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If the transaction is not having high inputs and/or outputs, that fee will likely later be enough to get the transaction confirmed. Just wait and let the mempool become less congested.

Quote from: jeanluca on December 17, 2023, 10:44:47 AM

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

Paste the txid into the space on this site and check the details. you will see the fee rate (sat/vbyte) that you used.

https://mempool.space/

Before broadcasting a transaction at all, you should be able to see the fee rate. Use reputed wallet like Electrum, Sparrow or Bluewallet.

bitmover

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Unfortunate, in my app I don't have the possibility to bump the fee

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

What really matters is not how much you paid in usd but what fee rate (in sat/vbyte) you used.

Always take a look at https://mempool.space to see what fee rate you should use.
Now you should use about 300 sat/vbyte
If you share your transaction ID, or insert it in mempool.space you can see how long it will take

If you used RBF, you can just increase the fee rate to 300.

jeanluca

newbie

Activity: 9

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Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Unfortunate, in my app I don't have the possibility to bump the fee

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

Topic: Transaction is pending because fee was too low, now what (Read 455 times)