What is your solution to pay less Fee ? - page 4.

dzungmobile

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Quote from: ItsaWhale on November 19, 2023, 08:58:37 AM

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 ?

Solutions are combination of things like

Preparation for your transaction by consolidate your small inputs when fee is cheap. Follow this thread: [Nov 2023] Fees are high, wait for opportunity to Consolidate your small inputs.

Use tx accelerator to bump your fee and get a confirmation without spending more satoshi by yourself.

Wait for mempool congestion to cool down and get a confirmation without fee bump or with less fee for bumping.

Nwada001

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Is blockchain.com not a centralised exchange? If yes, in times like this, their fee is even worse than what it's being charged for normal transactions executing.

If you are not just buying to hold and it's for business purposes, I mean, if you accept payment in exchange for the service you render, it will be highly advisable if you can change that payment option because you might end up running losses as a result of you paying that high amount or fee.

And if you are also buying for investment purposes, if you consider the amount you buy and the amount you pay for the fee, you will notice that you might be spending more than you are accumulating unless you are buying in large quantities.

The fee is high everywhere, but I will advise you to make use of a wallet that can allow you to decide your fee, which you will choose based on how fast you want the transaction to be, and for small transactions, there are free accelerators there for you to use, as Charles has suggested.

Saisher

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Quote from: ItsaWhale on November 19, 2023, 08:58:37 AM

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 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.

Wapfika

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Quote from: ItsaWhale on November 19, 2023, 08:58:37 AM

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

Don’t send transactions on peak days. Schedule your transaction during weekends so that you can send transactions using normal fees. I just recently sent a transaction using 3.5$ fee with just a day of waiting.

Be patient is the only way to pay less since the fee will slow down at some point so just send a transaction using low fee around 4$ and just wait to for the fee to slow down. People rushing in to send transactions is the reason why the fee is continuously rising.

mk4

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Quote from: Charles-Tim on November 19, 2023, 09:17:15 AM

Quote from: mk4 on November 19, 2023, 09:09:18 AM

2. I know this will be controversial, but have USDT on Tron/Solana for payments if you really can't afford bitcoin's fees

Most people buy bitcoin for investment and nothing more. USDT is good during bear market but may not be an option for people during bull market because it is having dollar price.

Even in bull markets or whatever state of the markets, I don't think it would hurt to have a very small amount in Tron/Solana USDT if you really know that you're going to use it at some point; rather than spending double digits on bitcoin transaction fees.

hosseinimr93

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Quote from: ItsaWhale on November 19, 2023, 08:58:37 AM

I do use Blockchain wallet to make Transaction as it has lower fee but recently the fees are very high

Blockchain.com wallet doesn't have lower fees.

Take note that all the fee you pay when making a transaction from a non-custodial wallet goes to miners and non-custodial wallets doesn't charge you any extra fee at all.
The fee you have to pay depends on number of inputs and outputs, address(es) type, how congested the network is and how fast you want your transaction to confirmed.

Different (non-custodial) wallets may use different methods for fee estimation and many of them even allow you to set the fee rate by yourself.

It's only custodial services like exchanges that charge high fees when you request a withdrawal.

Charles-Tim

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Quote from: mk4 on November 19, 2023, 09:09:18 AM

2. I know this will be controversial, but have USDT on Tron/Solana for payments if you really can't afford bitcoin's fees

Most people buy bitcoin for investment and nothing more. USDT is good during bear market but may not be an option for people during bull market because it is having dollar price.

Quote from: mk4 on November 19, 2023, 09:09:18 AM

3. ViaBTC: https://www.viabtc.com/tools/txaccelerator

This is just the best way if the transaction does not go beyond the rules set by ViaBTC for free transaction acceleration. Once ViaBTC mine a block, the transaction will be confirmed.

mk4

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1. Put in a low-med fee if you're not in a hurry
2. I know this will be controversial, but have USDT on Tron/Solana for payments if you really can't afford bitcoin's fees
3. ViaBTC: https://www.viabtc.com/tools/txaccelerator

Odohu

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This is a major issue now that is affecting the entire system. The main reason is the Ordinals that are being minted on rhe Bitcoin Network. Until the hype from these NFTs die, the congestion of the mempool may continue as we will continue to see higher fees.

A way around it is to use viaBTC free accelerator.

Follow this thread for complete guide.

Charles-Tim

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Use wallet that support replace-by-fee: Bitcoin open source wallets that support replace-by-fee (RBF)

Use ViaBTC free accelerator. Read the rules.
The transaction size should not be more than 500 bytes and the fee should be at least 10 sat/byte (around 19 sat/vbyte for native segwit).

Use ViaBTC free accelerator to accelerate the transaction. https://www.viabtc.com/tools/txaccelerator

Use blockchain explorer to check the fee used. If less than 10 sat/byte, pump it up to 10 sat/byte.

www.blockchain.com/explorer

ItsaWhale

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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

Topic: What is your solution to pay less Fee ? - page 4. (Read 678 times)