Exactly in these days Bitcoin transaction fee is too much high. And I can understand that you are in trouble with the high fee on the Blockchain wallet. One way to pay low fee is to use a different wallet that has low fees. There are many wallets available like Electrum Exodus or Mycelium. You can use with your choice or can choose according to fee.
Another option is to use a service that can make your transaction faster. Means I am taking about Bitcoin Transaction Accelerator. Some are paid and some are free. So I know one free Accelerator which you can use I think anyone has posted already. In the first you can see ViaBtc Accelerator.
Or if your are on exchange so you can use other coins too like Litecoin Bitcoin cash. Or others Alts which have low fee.
Topic: What is your solution to pay less Fee ? - page 3. (Read 678 times)
Yes, my suggestion applies for a daily basis, not for particularly one on-chain transaction. If you make on average 5-10 Bitcoin transactions a month, then it's better to open a channel and not worry about network congestion.
Yeah, I agree but the problem is if you have an open channel the size of your funds is fixed you can't just add or deposit more funds in your open channel you will need to close and open the channel to merge your current on-chain funds to your lightning funds that will cost on-chain fees.This would be costly for a one-time transaction but good for multiple small lightning transactions.
But you'll still need to pay for on-chain fees when you open a channel.
Yes, my suggestion applies for a daily basis, not for particularly one on-chain transaction. If you make on average 5-10 Bitcoin transactions a month, then it's better to open a channel and not worry about network congestion. I know my out there feel uncomfortable to go with alts but matching up the tx fees is adding fuel to a fire 🔥 and end result is much higher fees.
One big problem is that we don't all have altcoin wallets setup. I don't use any other cryptocurrencies, so asking me to opt-out there requires me to spend time searching for their software development. My choice would be either Litecoin or Bitcoin Cash due to their adoption. 
What is your solution to pay less Fee ?
You can use Lightning Network that is created exactly for this purpose when fees are high, and LN can be used for smaller transactions.Second option is Blockstream's Liquid Network, that can be used with L-BTC and other tokens on same network.
There are other Second Layer solutions and most of them are listed on Jameson Lopp website:
https://www.lopp.net/bitcoin-information/other-layers.html
Don't use any fake bitcoin tokens of other shitcoin blockchains, or at least don't use them long term.
When you want to pay a lesser fee as bitcoin charges is high, I think best slow is to swap your bitcoin litecoin and send across any wallet you want and mostly exchange and after swapping it there you can swap it to bitcoin,
This is useless advice in the conditions of high fees on the bitcoin network. It just makes things more complicated by adding extra steps and fees when the goal is to pay less in fees. I mean, jumping through hoops only to end up in the same spot but with higher costs? Makes no sense. If the aim is lower fees, then forget the pointless crypto swaps and look into simpler, practical options.
If transaction is not urgent, wait until fees go down, or make a transaction at fees you like and wait. Just about a week ago I made BTC transaction at about $2 fees, it took night to complete but it went through, that's all I cared.
If it's urgent, probably the best idea is to bite the bullet.
If it's urgent, probably the best idea is to bite the bullet.
Blockchain.com has custodial and non-custodial wallets. Use the latter as it allows custom fee. Use the cheapest fee possible. Check the mempool first for the optimum fee rates. If possible, transact using native SegWit addresses.
Furthermore, you may also consolidate and batch your UTXOs. Do it when the fees are low. As suggested, you may also try using ViaBTC's free accelerator. There's an amount limit, though, and be warned that other accelerators may not actually help. There's also the Lightning network you might want to try using.
On the other hand, practicality suggests that if the persons you're often transacting with accept altcoins which have very low fees or stablecoins, that would be an option. Also, certain custodial wallets like those of centralized exchanges don't require transaction fees for internal transfers. If, for example, you have and you're transacting with individuals who also have Binance accounts, do the transactions there.
Furthermore, you may also consolidate and batch your UTXOs. Do it when the fees are low. As suggested, you may also try using ViaBTC's free accelerator. There's an amount limit, though, and be warned that other accelerators may not actually help. There's also the Lightning network you might want to try using.
On the other hand, practicality suggests that if the persons you're often transacting with accept altcoins which have very low fees or stablecoins, that would be an option. Also, certain custodial wallets like those of centralized exchanges don't require transaction fees for internal transfers. If, for example, you have and you're transacting with individuals who also have Binance accounts, do the transactions there.
Looks not have an ideas how to reduce fees transaction when sending bitcoin trough one wallet to other wallet, regarding if you Bitcoin fund in CEX exchange you can sent trough lightening network without have to sent trough wallet required with higher fees transaction. If not have many option, better waiting until have lower fees for sending and not exact date when is happening due almost one week higher fees sending and many campaign have an ideas for covert the payment kinds.
Other option you can convert to altcoin with have lower fees such as Solana, Litecoin and BNB but you need to convert it in exchange account, better not reduce set up gas transaction limit because worry with your transaction will process delay and taken more than several days for your transaction will be success.
Other option you can convert to altcoin with have lower fees such as Solana, Litecoin and BNB but you need to convert it in exchange account, better not reduce set up gas transaction limit because worry with your transaction will process delay and taken more than several days for your transaction will be success.
When you want to pay a lesser fee as bitcoin charges is high, I think best slow is to swap your bitcoin litecoin and send across any wallet you want and mostly exchange and after swapping it there you can swap it to bitcoin, or if you don't want do it by swapping, you can use accelerator to make your bitcoin to confirm very fast, because people who is in charge of accelerator do have a large transactions, so the will include your hash rate to speed your transaction when they attach it to their larger transaction.
Any micro payments that involve paying a transaction fee that's more than the amount involved is a no-no!!!
If you trying to send some bitcoins to a friend or family member, with the current high fees I think it makes financial sense to opt to use Altcoins for cheaper transactions and save a little, even if you can afford !! I know my out there feel uncomfortable to go with alts but matching up the tx fees is adding fuel to a fire 🔥 and end result is much higher fees.
What is your solution to pay less Fee ?
Crypto is one big ecosystem with smaller coins/tokens surrounding it, and at this point it wouldn't hurt to switch to thesr for now, while we wait for BTC fees to notmalize.
If you trying to send some bitcoins to a friend or family member, with the current high fees I think it makes financial sense to opt to use Altcoins for cheaper transactions and save a little, even if you can afford !! I know my out there feel uncomfortable to go with alts but matching up the tx fees is adding fuel to a fire 🔥 and end result is much higher fees.
What is your solution to pay less Fee ?
- Open a lightning channel.
- Swap your bitcoin for a widely adopted altcoin like litecoin, and once this Ordinal spam ends, return back.
That's all. You can't do anything to enjoy less fees on-chain. There's this law of demand and supply regarding the block space which pulls us all back.
- Swap your bitcoin for a widely adopted altcoin like litecoin, and once this Ordinal spam ends, return back.
That's all. You can't do anything to enjoy less fees on-chain. There's this law of demand and supply regarding the block space which pulls us all back.
But you'll still need to pay for on-chain fees when you open a channel.
If he wants to pay less tx fee then he needs to follow the recommended fee(low priority) from mempool.space or the other solution he should use a ViaBTC as suggested by others but he needs to follow the recommended transaction size and fee rate from ViaBTC to be able to use their free service.
Hello dear members of BitcoinTalk
I do use Blockchain wallet to make Transaction as it has lower fee but recently the fees are very high
so i have to pay around 15-20$ per Transaction even if i send 10 $
What is your solution to pay less Fee ?
thank you for your time if you do help me
The best solution to avoid high transaction fees with Bitcoin is to use Lightning Network, so you can download Electrum for example on your device, send your funds on your new wallet and open LN channels. Another solution, could be to convert a part of your Bitcoins into a well known and accepted altcoin with small fees. Some people mentioned LTC and BCH but DOGE is also widely adopted and provide cheap transactions too. The last solution is to use a custodial platform like an exchange or a casino, with low or free withdrawal fees and to use it as wallet. You will need to take care of minimum withdrawal amounts though. I do use Blockchain wallet to make Transaction as it has lower fee but recently the fees are very high
so i have to pay around 15-20$ per Transaction even if i send 10 $
What is your solution to pay less Fee ?
thank you for your time if you do help me
- Open a lightning channel.
- Swap your bitcoin for a widely adopted altcoin like litecoin, and once this Ordinal spam ends, return back.
That's all. You can't do anything to enjoy less fees on-chain. There's this law of demand and supply regarding the block space which pulls us all back.
- Swap your bitcoin for a widely adopted altcoin like litecoin, and once this Ordinal spam ends, return back.
That's all. You can't do anything to enjoy less fees on-chain. There's this law of demand and supply regarding the block space which pulls us all back.
There is something off about Blockchain wallet, they can't be trusted because their fee is always higher than normal, presently the Bitcoin transaction fee isn't this high, move your Bitcoin out of that wallet and get Electrum instead, if you can check mempool.space now you will see that the fee is around $4 to $4.3, I have known Blockchain wallet to always have this crazy high transaction fee since years ago.
If you transaction is stuck you can use viabtc to boost the speed and if you haven't make the transaction you should wait till you have more Bitcoin in the wallet, enough to worth the transaction fee it's asking for, and also start thinking about getting rid of Blockchain wallet, it's not worth it, as there are many better non-custodial wallets like blue wallet, electrum and even trust wallet are better.
If you transaction is stuck you can use viabtc to boost the speed and if you haven't make the transaction you should wait till you have more Bitcoin in the wallet, enough to worth the transaction fee it's asking for, and also start thinking about getting rid of Blockchain wallet, it's not worth it, as there are many better non-custodial wallets like blue wallet, electrum and even trust wallet are better.
However, as a disclaimer, I know it's easier to give advises than following them: in the past few weeks I didn't need to spend much, so my advice is based on my past actions (it's not the first time the fees go up "too much"; it's even not the worse situation we've ever had).
People must go through such expensive transaction fee time, experience it to understand that they will need to have different kind of money and different plans. Because life is not smooth, transaction fees are not cheap forever on Bitcoin blockchain or any altcoin blockchain.They must have a little bit money in Bitcoin, stable coin or cash. Make sure they will always have money to use with different ways and don't waste their money by expensive fees.
Hello dear members of BitcoinTalk
I do use Blockchain wallet to make Transaction as it has lower fee but recently the fees are very high
so i have to pay around 15-20$ per Transaction even if i send 10 $
What is your solution to pay less Fee ?
thank you for your time if you do help me
I do use Blockchain wallet to make Transaction as it has lower fee but recently the fees are very high
so i have to pay around 15-20$ per Transaction even if i send 10 $
What is your solution to pay less Fee ?
thank you for your time if you do help me
My typical solution is to avoid sending unnecessarily too many on-chain transactions.
Yes, this usually means to also have some funds here and there in custodian wallets. And for you it would also mean to consider using LN for 10$ transactions (the on-chain fee doesn't depend on the amount of value you are sending).
I've also made my homework some time ago by consolidating the funds/transactions where possible.
And as said, for on-chain tx, ViaBTC accelerator is your friend. And a huge lot of patience.
However, as a disclaimer, I know it's easier to give advises than following them: in the past few weeks I didn't need to spend much, so my advice is based on my past actions (it's not the first time the fees go up "too much"; it's even not the worse situation we've ever had).
If you use a Trust wallet, you can reduce the spread number, for example if it is written as 250, you reduce it to 200 and then execute your transaction. For Pandauna you can browse on the internet, for example https://www.youtube.com/watch?v=vtPT96oVoX0. and I do that when I see that the gas costs do not match the amount of our assets that we want to withdraw. The gas is more expensive than what goes into our withdrawal account later.
OP is talking about bitcoin and bitcoin doesn’t use the Gas fee rather what it uses is the transaction fee. Yes you can customize your transaction with trustwallet but still it is not suitable for use when broadcasting bitcoin transaction because it doesn’t have an RBF opt in. Where this will be a case is when you set a fee and suddenly your estimation goes wrong then you need to bump the fee without the RBF opt in from the start it will be impossible to bump the transaction from your end. Although this days almost all nodes are now going full RBF but still you can use better wallets like Electrum that have this features
The miners only prioritize transactions with high fees there is no solution to pay lesser fees when the volume is too high, the only solution is to wait until the congestion eases up, you can use a wallet that uses RBF and send it the amount that you can afford so when congestion ease up you can rebroadcast it and always check Mempool to trace the transaction fees and priority.
RBF doesn’t really rebroadcast your transaction but rather replaces it with a new that has higher fees. If you’re not really ready to pay high fees during this period it is better to go through the ViaBTC free accelerator with all requirements meant or just leave the transaction till the congestion reduces
If you use a Trust wallet, you can reduce the spread number, for example if it is written as 250, you reduce it to 200 and then execute your transaction. For Pandauna you can browse on the internet, for example https://www.youtube.com/watch?v=vtPT96oVoX0. and I do that when I see that the gas costs do not match the amount of our assets that we want to withdraw. The gas is more expensive than what goes into our withdrawal account later.
-snip
What is your solution to pay less Fee ?
thank you for your time if you do help me
I don’t know if the Blockchain wallet supports SegWit; I am not using it anymore. So, you can try using another wallet that supports SegWit addresses to reduce transaction fees by optimizing the use of block space.What is your solution to pay less Fee ?
thank you for your time if you do help me
You can probably customize the fees in the Blockchain wallet. This way, you can adjust the fee settings. However, before doing this, you should have a fee estimator tool. I used to visit a website before conducting Bitcoin transactions that provided real-time fee estimates, but I can't find it anymore. I would have shared it with you, but there are similar tools available.
Customizing the fee has its risks, as setting it too low might result in slower confirmation times or even rejection. If you want, try using a different wallet with lower fees compared to others to find the most cost-effective solution for your needs.
If you're open to using alternative coins, consider using LTC or BCH. Depending on your needs, you might explore other cryptocurrencies with lower transaction fees for specific use cases.
I just recently sent a transaction using 3.5$ fee with just a day of waiting.
Transaction fees are not paid in dollars. We pay the transaction fee in bitcoin and what matters is the fee rate (in sat/vbyte), not the total fee and not its fiat value. Is blockchain.com not a centralised exchange?
Blockchain.com has a non-custodial wallet in which the user has full control over the keys. Jump to: