Author

Topic: Wallet suggestions? (Read 588 times)

legendary
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
June 27, 2013, 05:08:11 PM
#11
I've been using bitcoin for a little bit but the wallet i'm using has a transaction fee.
Does anyone know a good wallet that is newbie friendly and with no fee?
Thanks.

Keep in mind, fees aren't something you can always avoid. There are fees associated with spending lots of small inputs, so if you've received dozens of transactions of 0.00003827 BTC or similar, it may very well wind up costing more in transaction fees to spend your funds then they're worth, and it won't really matter what wallet client you use. That's just how the system works.  Undecided

mjc
hero member
Activity: 588
Merit: 500
Available on Kindle
June 27, 2013, 04:58:25 PM
#10
If network transactions are high the only way to get your transaction to be accepted is to offer a fee.  They are usually quite low.  But many of the wallets listed are good ones when you do feel the need to pay a fee.
global moderator
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
June 27, 2013, 04:49:24 PM
#9
Quote
Also use a semi-online wallet blockchain.info. It's a good wallet for newbies.

+1 for blockchain.info
Client side encryption, email backups, and yet dead simple to use.

Quote
Does anyone know a good wallet that is newbie friendly and with no fee?

If you really object to paying a 5c fee, then expect your transactions to take a day or more to get confirmed. Blockchain.info has the benefit that it acts like a supernode in broadcasting the transaction out to as many nodes as possible, so even without a fee >90% of the Bitcoin nodes are aware of your transaction and will likely process it when they are idle.

Quote
OP needs no fees

And blockchain.info supports no fees, it also prompts you to confirm so if you have no fees set by default, and you do initiate a more time sensitive transfer, it's just 1 click to add the standard BTC0.005 fee.
Just to correct you: the standard fee is 0.0001 but blockchain.info hasn't updated so it is set at 0.0005. You kind of lost one 0.
newbie
Activity: 18
Merit: 0
June 27, 2013, 04:44:47 PM
#8
Quote
Also use a semi-online wallet blockchain.info. It's a good wallet for newbies.

+1 for blockchain.info
Client side encryption, email backups, and yet dead simple to use.

Quote
Does anyone know a good wallet that is newbie friendly and with no fee?

If you really object to paying a 5c fee, then expect your transactions to take a day or more to get confirmed. Blockchain.info has the benefit that it acts like a supernode in broadcasting the transaction out to as many nodes as possible, so even without a fee >90% of the Bitcoin nodes are aware of your transaction and will likely process it when they are idle.

Quote
OP needs no fees

And blockchain.info supports no fees, it also prompts you to confirm so if you have no fees set by default, and you do initiate a more time sensitive transfer, it's just 1 click to add the standard BTC0.005 fee.
global moderator
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
June 27, 2013, 04:43:42 PM
#7
In Blockchain.info can be selected to have no fees unless completely necessary by the network.
legendary
Activity: 1274
Merit: 1004
June 27, 2013, 04:39:40 PM
#6
In electrum you can change fees.
You can change fees in the default client too.

That takes alot time to download blockchains and it doesn't supports low amount transactions.
Any transaction including outputs lower than 5430 satoshi are blockchain spam and that's not good. Also use a semi-online wallet blockchain.info. It's a good wallet for newbies.

OP needs no fees
global moderator
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
June 27, 2013, 04:36:00 PM
#5
In electrum you can change fees.
You can change fees in the default client too.

That takes alot time to download blockchains and it doesn't supports low amount transactions.
Any transaction including outputs lower than 5430 satoshi are blockchain spam and that's not good. Also use a semi-online wallet blockchain.info. It's a good wallet for newbies.
legendary
Activity: 1274
Merit: 1004
June 27, 2013, 04:32:02 PM
#4
In electrum you can change fees.
You can change fees in the default client too.

That takes alot time to download blockchains and it doesn't supports low amount transactions.
global moderator
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
June 27, 2013, 04:29:12 PM
#3
In electrum you can change fees.
You can change fees in the default client too.
legendary
Activity: 1274
Merit: 1004
June 27, 2013, 04:18:56 PM
#2
In electrum you can change fees.
newbie
Activity: 2
Merit: 0
June 27, 2013, 04:17:19 PM
#1
I've been using bitcoin for a little bit but the wallet i'm using has a transaction fee.
Does anyone know a good wallet that is newbie friendly and with no fee?
Thanks.
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