What is minimum safe amount of fee that can be set manually in Electrum wallet? - page 2.

WLtoys V912

member

Activity: 89

Merit: 12

Quote from: o_e_l_e_o on March 11, 2020, 04:14:29 PM

Quote from: WLtoys V912 on March 11, 2020, 04:01:53 PM

I don't care about how much time it takes to receive confirmations. I'm very patient. I only care about safety.

Then choose 1 sat/byte. This is the lowest fee which will be relayed by the network. The mempool is currently pretty full, so you will likely be waiting 6-12 hours for it to confirm, but you are not at any risk of your coins being lost. The worst case scenario, in the unlikely event that the mempool doesn't empty any time soon, is that your transaction is dropped and your coins remain in your wallet, at which point you can simply try sending them again.

Thanks for your answer. I sent it at 1 sat/byte.
It seems that it will take some hours to receive confirmations. Can I close Electrum wallet and shut down my PC now? Or should I stay awake all night and wait for confirmations to arrive with my PC on?

o_e_l_e_o

legendary

Activity: 2268

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Quote from: WLtoys V912 on March 11, 2020, 04:01:53 PM

I don't care about how much time it takes to receive confirmations. I'm very patient. I only care about safety.

Then choose 1 sat/byte. This is the lowest fee which will be relayed by the network. The mempool is currently pretty full, so you will likely be waiting 6-12 hours for it to confirm, but you are not at any risk of your coins being lost. The worst case scenario, in the unlikely event that the mempool doesn't empty any time soon, is that your transaction is dropped and your coins remain in your wallet, at which point you can simply try sending them again.

WLtoys V912

member

Activity: 89

Merit: 12

I have a little bitcoin in my Electrum wallet (about 0.0006 BTC).
I want to send it to someone but the max amount that it lets me to choose is around 0.00043 BTC! with 18.2 sat/byte fee.

I tried editing fees manually and when I choose 5 sat/byte, the max amount that I can send is increased to 0.00056 BTC.

Is it safe to send money with as low as 5 sat/byte fee? What is the minimum amount of fee that lets me send the most part of my balance safely?
I don't care about how much time it takes to receive confirmations. I'm very patient. I only care about safety.

Topic: What is minimum safe amount of fee that can be set manually in Electrum wallet? - page 2. (Read 427 times)