What is your solution to pay less Fee ?

Saint-loup

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Quote from: _act_ on November 27, 2023, 01:13:10 AM

~

Hacking, scamming and Ponzi schemes are precisely what nocoiners and gold bugs blame Bitcoin for. So I don't think it's specific to altcoins unfortunately Undecided

Bitcoin is maybe the highest secure blockchain but it's not safer than gold or cash money while it takes huge fees for every transaction and consumes much resources. And please don't say you can use Lightning Network if you want to save transaction fees because it's wrong, almost no platforms, merchants or crypto users accept LN payments. You talk about campaigns but which one pays its participants through LN nowadays for example?

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Quote from: Myleschetty on November 28, 2023, 04:03:52 PM

Using a Bitcoin wallet that provides the custom transaction fee is not totally the solution if it does help with transaction confirmation.
I believe the wallet that should be used is bech supported.

Non custodial
Open source
Coin control feature
Segwit Bech32 supported
and more if you want more like privacy.

You can choose wallets with different filters https://bitcoin.org/en/choose-your-wallet from basics to advanced/ experienced.

See https://en.bitcoin.it/wiki/Bech32_adoption

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Quote from: Jon_Hodl on November 28, 2023, 03:11:18 PM

First off, you need to use a wallet that gives you the option to set a custom miner fee. If you are unable to set your own fee rate, then your wallet will do it for you which will always be a problem because they tend to be imprecise.

Using a Bitcoin wallet that provides the custom transaction fee is not totally the solution if it does help with transaction confirmation.
I believe the wallet that should be used is bech supported.

Quote from: Jon_Hodl on November 28, 2023, 03:11:18 PM

Second, you need to avoid sending bitcoin on chain if you are able. There are a multitude of tools and services that enable you to send bitcoin on a second or even a third layer.

If you avoid the use of on-chain Bitcoin and choose to use side chains then what you going to have is a token that is not the real BTC. An example wBtc.
What we need is Schnorr signatures and Taproot.

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Quote from: Agbamoni on November 21, 2023, 02:48:25 PM

Currently there is no magical way in running away from paying the fees showing on your wallet. You can use the viaBTC free accelerator as suggested by so many, but you need to remember that you have to set a lower fee before you use it. It works to accelerate the little fees you choose and not reduce the fee. Which means if it's going to take you a week or days to get your transaction confirmed the ViaBTC accelerator will reduce the time for you.

Can we use it for the Ethereum too? or it is only usable to the BTC? Because I also need some fund to withdraw to my trust wallet but the problem is when I try to transfer it from any exchange it requires a lot of fee which I don't want to pay because the Gwei is that much high so I can't prefer to send this Ethereum from Binance to my wallet.
Is there any other way in which If I send 10 USDT to that exchange and trade in that and in the return I would receive 10$ in the Ethereum.

Although 2-3$ if the gas fee I will manage it, but more than that also requires in the Binance exchange So i leave it due to this problem having a high fee for just some dollars of withdrawing from it.

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Quote from: LogitechMouse on November 27, 2023, 02:52:27 AM

Quote

Re: What is your solution to pay less Fee ?

- Use ViaBTC for transaction accelerator.
- Use other coins.
- Don't make any transactions at all.
- Wait for the Ordinals hype to subside.

The 2nd & 3rd ones are somewhat correlated because if you don't want to make any transactions using Bitcoin, you will convert it into altcoin and then make a transaction using that one. I tried using ViaBTC once already, and it's helpful because they accelerated my transaction when the current fee was twice as high as the one that I put in which is obviously my fault. Lastly, Ordinals is the reason why the transaction right now is at its peak (or at least it's high). Just like what happened with NFTs, and ICOs, this hype will subside thus, transaction fees will go lower as well.

I need to learn about this ViaBTC transaction accelerator. I usually try to avoid any transactions when the network is congested. Sometimes i need to transfer my bitcoin to the exchange and i am a segwit user but the transaction fees are pretty insane here as well. Using other coins is a good option but i need to have my funds in the exchange first to do that.

This Ordinals hype is going crazy and till now i am not sure why there is so much hype about it. People are earning more bitcoin by using that?

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First off, you need to use a wallet that gives you the option to set a custom miner fee. If you are unable to set your own fee rate, then your wallet will do it for you which will always be a problem because they tend to be imprecise.

Second, you need to avoid sending bitcoin on chain if you are able. There are a multitude of tools and services that enable you to send bitcoin on a second or even a third layer. This is just one of the many ways that bitcoin is scaling. An important part of how bitcoin is scaling is with the lightning network and the game theory of the lighting network is all about bidding down the cost of sending a payment rather than bidding it up which is how on-chain payments work.

Additionally, when you send an on-chain payment, you need to be the one who decides how many UTXOs you send because otherwise you will end up using more UTXOs that you otherwise would. This manual selection is commonly known as coin control and it gives you more manual control over how you spend your bitcoin.

If you use a wallet like Sparrow Wallet and use your own custom miner fees and you manually select which UTXOs you use to create transactions, then you will naturally spend less on miner fees than if you don't use these tools.

I hope this helps you to pay less fees. Best of luck.

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Quote

Re: What is your solution to pay less Fee ?

- Use ViaBTC for transaction accelerator.
- Use other coins.
- Don't make any transactions at all.
- Wait for the Ordinals hype to subside.

The 2nd & 3rd ones are somewhat correlated because if you don't want to make any transactions using Bitcoin, you will convert it into altcoin and then make a transaction using that one. I tried using ViaBTC once already, and it's helpful because they accelerated my transaction when the current fee was twice as high as the one that I put in which is obviously my fault. Lastly, Ordinals is the reason why the transaction right now is at its peak (or at least it's high). Just like what happened with NFTs, and ICOs, this hype will subside thus, transaction fees will go lower as well.

_act_

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Lightning network is good with small amount of BTC

Quote from: Saint-loup on November 26, 2023, 12:57:40 PM

I wouldn't say all altcoins have an actual utility as you say, but many of them or several of them at least, are currently more useful than Bitcoin for the main current use cases of the blockchain technology : Web3, DeFi, GameFi, DAO, NFT, smart contracts, dApps, tokens, obfuscation, instant payments/transactions, cheap ones,... It's sad but currently BTC is almost useless for me because of its very high fees and the lack of adoption of the Lightening Network by merchants and platforms.

Bitcoin is almost useless for you? Why not tell your campaign manager not to pay you in bitcoin because it is not useful for you.

Altcoins are useful than bitcoin? Becuase the fall under DeFi, NFT, Web3, smart contract, dApps, tokens, instant payment/transactions, cheap ones? Are you serious. Most of what you listed are what scammers and hackers are using to make money and the recent advanced ponzi scheme are becuase of that

The only point you have is transaction fee. Then do not use bitcoin.

When it comes to utility, bitcoin is far useful. But when it comes to scam and hack, altcoins are mostly useful for scammers.

For fee, you can use lightning network.

Bitcoin is useful to the extent that you can use those altcoins, side chains instead. They are not bitcoin but they developers have bitcoin that they bought and pegged with it.

What about Ordinals and Inscriptions? They are also not done by bitcoin developers but that is part of the usefulness of bitcoin blockchain.

What I see about you is that you are not happy with how the transaction fee is, but bitcoin is far more useful for me. It also has the highest secure blockchain.

Bitcoin is accepted as a legal tender in El Salvador and CAR.

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Quote from: Coyster on November 25, 2023, 06:35:10 PM

Honestly there are only a few altcoins that has an actual utility, if i am to call; i'd say Monero and very few others, thus it is not strange for someone to use/buy only Bitcoin, i'd rather use only Bitcoin that purchase pump and dump coins.

Having said that, the Bitcoin network is open source, so people basically do not just "trust" Bitcoin, but they verify for themselves. What are the downsides you are referring to exactly, there is no invention without a disadvantage, but Bitcoin's advantages and use cases far outweigh whatever downside you can think of.

I wouldn't say all altcoins have an actual utility as you say, but many of them or several of them at least, are currently more useful than Bitcoin for the main current use cases of the blockchain technology : Web3, DeFi, GameFi, DAO, NFT, smart contracts, dApps, tokens, obfuscation, instant payments/transactions, cheap ones,... It's sad but currently BTC is almost useless for me because of its very high fees and the lack of adoption of the Lightening Network by merchants and platforms.

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Quote from: Saint-loup on November 24, 2023, 04:16:08 PM

like some extremist maximalists who don't trust any cryptocurrencies except Bitcoin despite all its downsides,

Honestly there are only a few altcoins that has an actual utility, if i am to call; i'd say Monero and very few others, thus it is not strange for someone to use/buy only Bitcoin, i'd rather use only Bitcoin that purchase pump and dump coins.

Having said that, the Bitcoin network is open source, so people basically do not just "trust" Bitcoin, but they verify for themselves. What are the downsides you are referring to exactly, there is no invention without a disadvantage, but Bitcoin's advantages and use cases far outweigh whatever downside you can think of.

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Quote from: Saint-loup on November 24, 2023, 04:16:08 PM

the fact that most large cap cryptos are more safe and user friendly than Lightning Network.

That is absolutely not true!
Please don't spread misinformation like this again.

USDT Tether is largest cap possible and it can be frozen and controlled by single entity like it was done several times.
BNB is centralized junk controlled by CZ and few of his friends that is even more controlled that ethereum tokens.
I can continue like this all day long, but I won't waste time.

End of discussion for me.

Saint-loup

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Quote from: dkbit98 on November 23, 2023, 06:32:46 PM

Quote from: Saint-loup on November 23, 2023, 05:48:14 PM

What do you mean by "shitcoin blokchains" precisely?

You live under the rock or what?! Roll Eyes

I am sure not going to educate you what shitcoin blockchains are if you didn't learn that since 2017.

Quote from: Saint-loup on November 23, 2023, 05:48:14 PM

Most of solutions in your link are unknown and not used by anybody, while even Lightning Network has some security holes.

This is not mine link, it's Jameson Lopp link, and if Lightning Network have some holes, than shitcoins have abyss or trench of insecurity.

Quote from: Saint-loup on November 23, 2023, 05:48:14 PM

It's way more safe to use a well known, reputed and used blockchain, here since many years than an exotic solution IMO.

No comment.

I'm sorry if I didn't understand what you meant, but since you said "other shitcoin blockchains" I was wondering if you were not talking about all altcoins, like some extremist maximalists who don't trust any cryptocurrencies except Bitcoin despite all its downsides, and the fact that most large cap cryptos are more safe and user friendly than Lightning Network.

_act_

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Lightning network is good with small amount of BTC

Quote from: 2Pizza410000BTC on November 23, 2023, 11:18:42 PM

Currently, the transaction fees have increased tremendously due to the increase in mempool. If there was a system in place to minimize these transaction fee increases, Signature campaign managers would have known and sent Signature weekly payments with a small fee. From here I think there is no system to reduce the mempool.

The mempool is not increasing or decreasing, it can only be congested or not congested which I think is what you are talking about. You can see how the mempool had over 289000 transactions some days ago and the fee was very high, unlike now that it has over 212000 transactions that the fee is lower but not that low. As more transactions are not confirmed but remain in mempool is the congestion that I am talking about.

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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

Increasing Transaction Fees This is currently a major problem for Bitcoin users. Currently, the transaction fees have increased tremendously due to the increase in mempool. If there was a system in place to minimize these transaction fee increases, Signature campaign managers would have known and sent Signature weekly payments with a small fee. From here I think there is no system to reduce the mempool.

Right now I can see the mempool is down a lot. Mempool is currently positioned at 45sat/VB. However, it is expected that the mempool will decrease further soon.

Patrol69

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I really don't see any solution other than waiting but if your transaction is very urgent then you need to monitor mempol regularly because here you can see how much gas fee can be charged for bitcoin transaction. Mempol is relatively low during the period when transactions are usually low and you need to transfer your bitcoins during that time. According to the current mempol you can complete a bitcoin transaction within three to five dollars. If you want to do your bitcoin transactions for less then you must monitor mempol.

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

What is your solution to pay less Fee ?

there's nothing you can do but wait for the costs to fall. and today it seems to have started to decline. still quite expensive but nothing like when you made this thread.
now it's down a bit at around $3-5, maybe if you don't mind you can do it. but if you feel this is still too expensive, of course, you have to wait more patiently.
It seems like this kind of situation has happened several times.

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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

We can see that the transaction fees of all platforms, including Bitcoin, have increased significantly over the past few days. Where users face many problems to transact and withdraw their funds. Because the transaction free is more than the amount to be withdrawn, for which small investors are in a lot of trouble. Although currently the mempool of Bitcoin transactions has decreased a bit and if you are trading small amount then of course you can trade USD instead of Bitcoin. Moreover, there are some other coins where you can transact with a very low fee, for example, if you transact coins like LTC Sol, your fee will be reduced. As Bitcoins currently have high transaction and over-transaction fees, you can trade with them as an alternative.

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Quote from: Saint-loup on November 23, 2023, 05:48:14 PM

What do you mean by "shitcoin blokchains" precisely?

You live under the rock or what?! Roll Eyes

I am sure not going to educate you what shitcoin blockchains are if you didn't learn that since 2017.

Quote from: Saint-loup on November 23, 2023, 05:48:14 PM

Most of solutions in your link are unknown and not used by anybody, while even Lightning Network has some security holes.

This is not mine link, it's Jameson Lopp link, and if Lightning Network have some holes, than shitcoins have abyss or trench of insecurity.

Quote from: Saint-loup on November 23, 2023, 05:48:14 PM

It's way more safe to use a well known, reputed and used blockchain, here since many years than an exotic solution IMO.

No comment.

Saint-loup

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Quote from: dkbit98 on November 20, 2023, 11:41:03 AM

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.

What do you mean by "shitcoin blokchains" precisely? Most of solutions in your link are unknown and not used by anybody, while even Lightning Network has some security holes. It's way more safe to use a well known, reputed and used blockchain, here since many years than an exotic solution IMO. In addition if people leave Bitcoin to cheaper blockchains or coins it will push Bitcoin devs to find solutions in order to address this problem.

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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

There is no way as transaction fees and confirmation times are increasing In theory the competition for block space is also increasing and this is a soft fork which is not dangerous but quite a hassle having to delay if the set is low. It is true that this is Market Dynamics but once again this scaling problem continues to increase and must be addressed immediately even though there is a Lightning Network but it is still not optimal.

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Quote from: terizla on November 21, 2023, 08:40:47 PM

If you want to send $10 and that fee is $10 - $15. Better you waiting the gas fee reduce.
Because if you don't have enough fee in high gas fee this can make your transaction stuck and the fail.

This amount is very small to be sending it on-chain, especially when fees is as high as it is right now, if you have too many smaller inputs, consolidate it when transaction fees become low, and if you want to send a small amount like this, i think you should do it off-chain through the Lightning network. Fees in the Bitcoin network is also not called gas fee, but transaction fee.

terizla

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If you want to send $10 and that fee is $10 - $15. Better you waiting the gas fee reduce.
Because if you don't have enough fee in high gas fee this can make your transaction stuck and the fail.

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Quote from: GeorgeJohn on November 20, 2023, 05:08:08 PM

Quote from: ItsaWhale on November 20, 2023, 03:09:12 PM

thank you a lot for your time explaining i really do appreciate it

I will like you to understand that you should check around and take some information that is vital, because in any thread we have positive and negative advice in which I will like you, to go through all the information dropped here because another thing is to wait until the madness of market calm down.

All OP needs to do is monitor the mempool space, not the market situation.
Because when the mempool space is clogged with a bunch of transactions, it could result in high fees which means nothing we can do is wait when it will cool down. I mean, we should always prefer to check this mempool space for the Bitcoin transaction status.

AFAIK, blockchain wallet don't support modifying fees, correct me if I'm wrong with this.
Unlike non-custodial wallets like Electrum, you can set a fee of even 10 sats to transfer your Bitcoin.

And those who suggested using a transaction accelerator, you can use them if you've met their qualification standard, which means not all the time you can use Bitcoin accelerator.

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Nothing to do here but wait for the transaction fee to get lower or the network to be cleared of spam transactions caused by ordinals and other transactions that intentionally congest the network to make the fee higher.. We can monitor it through Mempool and be ready to make a transfer once the fee goes lower. After the transaction, I make sure that I will push it with the transaction accelerator service like ViaBtc to make sure that the transaction will be picked up by viabtc miners to get confirmed.

RBF does not make any fee less, but it is good to be enabled just in case the tx fee goes really high after sending the transaction and there is an urgent need to make the transaction confirmed.

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Quote from: Mpamaegbu on November 21, 2023, 08:41:44 AM

No, I don't think it's a useless advice. If anything, it makes sense. I've used that method at a point in the past. Anyway, what would be the, "simpler practical options" for you if I may ask other than swapping (maybe into other coins that's not LTC) that GeorgeJohn mentioned. Now is a very critical time for Bitcoin in terms of its major cardinal use as payment option and it's falling at it. I'm sure Satoshi would've been very disappointed seeing this.

This is the big deal regarding scalability. Bitcoin still has shortcomings about network density that involve high fees. Some people have found solutions through Lighting Network or taproot, but this also still has the disadvantage that there are disadvantages when making large transactions.
The best thing is to wait for the network to be quiet. Or maybe moving on some coins with a light transaction fee you can do even though it's not practical. The current network density also seems to come at the beginning of every halving moment. If it is not urgent, maybe keeping it is the best option.

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Quote from: Agbamoni on November 21, 2023, 02:48:25 PM

Currently there is no magical way in running away from paying the fees showing on your wallet. You can use the viaBTC free accelerator as suggested by so many, but you need to remember that you have to set a lower fee before you use it. It works to accelerate the little fees you choose and not reduce the fee. Which means if it's going to take you a week or days to get your transaction confirmed the ViaBTC accelerator will reduce the time for you.

You can use ViaBTC accelerator with any fee rate that is higher than 10 sat/byte, you don't have to set a low fee to use it, but anyway it makes no sense to use a very high fee rate when you have the intention of submitting your transaction to ViaBTC free accelerator and you are willing to wait, so just make sure your fee rate is above 10 sat/byte.

That being said, it is advisable to mention the requirements for ViaBTC accelerator before recommending it, and in addition to the fee rate i mentioned above, your transaction must not be more than 500 Bytes and it must not have an unconfirmed parent transaction.

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Currently there is no magical way in running away from paying the fees showing on your wallet. You can use the viaBTC free accelerator as suggested by so many, but you need to remember that you have to set a lower fee before you use it. It works to accelerate the little fees you choose and not reduce the fee. Which means if it's going to take you a week or days to get your transaction confirmed the ViaBTC accelerator will reduce the time for you.

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Quote from: Publictalk792 on November 21, 2023, 12:38:42 PM

So I was thinking that Electrum also work like other wallets. I learned much after searching and I have written which I learn after searching. If I am wrong so please correct or I missed anything so you should tell.

In all non-custodial wallets, all the fee you pay goes to miners and it's not only electrum which doesn't charge extra fee. Some (non-custodial) wallets allow you set the fee rate by yourself. Even if a non-custodial wallets doesn't allow you to set the fee rate, it doesn't mean they charge extra fee.
Take note that you have to pay extra fee when withdrawing fund from custodial wallets or exchanges.

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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 ?

thank you for your time if you do help me

Either keep paying higher fees or wait for the fees to become lower. There is nothing else that you can do to reduce the fees since the whole network is congested and everyone will have to pay higher fees or have their transactions stuck for days without getting a single confirmation. It's only the miners that will enjoy these times since they will be getting higher amounts in transaction fees in these phases where the transaction fees of Bitcoin skyrocket all of a sudden.

In the past, it used to take a lot of time before the network would get congested after it used to happen once, but nowadays, it's happening too quickly because we saw the same thing happening a couple of months back, and now it's happening again and this isn't good for it, to be honest.

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Quote from: hosseinimr93 on November 20, 2023, 01:39:48 PM

Non-custodial wallets like electrum don't charge you any fee for the transactions you make. All the fee you pay goes to miners. Therefore, it doesn't make sense to say that electrum has lower fees.
In electrum, it's you that chooses the fee. The required fee rate depends on number of inputs and outputs, address(es) type, how congested the network is and how fast you want your transaction to be confirmed.

You are right that wallets like Electrum do not charge extra fee for transaction. The fee you pay when using Electrum are only for the miners who process and confirm the transaction. Electrum gives you the fee rate for your transaction based on these things like how many inputs and outputs there are and what type of addresses used and how much the network is busy and how quickly you want the transact. This control over the fee rate is a useful feature of Electrum because it lets users decide how much the transaction is important.
Basically I never used the Electrum for transaction so I didn't have much knowledge about that therefore I said in my previous message that you should select a wallet on basis of low fee. So I was thinking that Electrum also work like other wallets. I learned much after searching and I have written which I learn after searching. If I am wrong so please correct or I missed anything so you should tell.

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Quote from: FatFork on November 20, 2023, 05:32:47 AM

Quote from: GeorgeJohn on November 19, 2023, 06:12:22 PM

~snipped~

If the aim is lower fees, then forget the pointless crypto swaps and look into simpler, practical options.

No, I don't think it's a useless advice. If anything, it makes sense. I've used that method at a point in the past. Anyway, what would be the, "simpler practical options" for you if I may ask other than swapping (maybe into other coins that's not LTC) that GeorgeJohn mentioned. Now is a very critical time for Bitcoin in terms of its major cardinal use as payment option and it's falling at it. I'm sure Satoshi would've been very disappointed seeing this.

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My solution to pay less fee is by not making any transactions during the network congestion because when network is congested with so many transactions then the fee gets higher and anyone who wants to make transactions with low fee during such times won't be able to receive or send the transactions as miners won't be accepting low fee transactions during such times.

Another important step to do during such times is to do transactions with another blockchain instead of Bitcoin and I think Monero is one of the best altcoins to go with during network congestion times because the Monero network is quite safe and the transactions are secure and the fees are low.

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My solution is to just hodl Bitcoin as an investment and occasionally sell it on exchanges if needed, and for that I wait for periods of low fees and deposit some BTC to have a small amount on my exchange account ready for sale if I have to. I'm not buying anything with BTC that could justify even a $10 fee so I'm going to wait for mainstream Lightning Network before considering using Bitcoin for smaller payments.

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I agree with the suggestions above that you need to maximize this time if you are going to transact. If urgent, you have no choice but to deal with the set present fees. If not, you need to check the fees suggested by mempool.space and do it when it is quite low. What is quite low these days? It varies from the amount you will send. A $3 fee can be low for an individual because of how huge it was for the past few days. But as said going about maximizing it, don't do small transactions because it might just be eaten by the fees and can be stuck up if you do not prepare it. So, prepare your transactions while we are still experiencing dynamic fees.

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Quote from: ItsaWhale on November 20, 2023, 03:09:12 PM

thank you a lot for your time explaining i really do appreciate it

I will like you to understand that you should check around and take some information that is vital, because in any thread we have positive and negative advice in which I will like you, to go through all the information dropped here because another thing is to wait until the madness of market calm down.

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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 ?

First have a target on the use of the mempool to study the way the congestion was going with each transaction fee for every category, also try to make weekends transactions because the mempool is less congested sometimes during this period, make use of a free bitcoin mining pool to accelerate your transaction in other to make it faster, in doing this, the kind of wallet you must use has to be the type that supports RBF.

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The solution is not to transact at these high fee times. If you can pay what the network is requiring you with the high priority, no one can stop you in doing so.

But if your transactions are just like measly amounts then you don't have to sweat on it. Like what everyone is talking about waiting for it to drop down, that's what I am doing. I am not in a hurry and my transactions can be delayed so that's totally not a problem to me.

And to those that are in different situation and you need to do the transaction as much as you can. The alternative is to use altcoins that have cheaper fees yet fast in confirmations like LTC which is what everyone trying to do now.

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Quote from: ItsaWhale on November 20, 2023, 03:09:12 PM

thank you a lot for your time explaining i really do appreciate it

The long-term solution is to wait until the clog gets clear, short term solution is LN but only if you are going to make small-valued TX more often and can't able to postpone it for any reason.

I would say wait until things clear and we are not far away from seeing 1sat/vbyte TX to be included in the blocks.

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thank you a lot for your time explaining i really do appreciate it

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Quote from: Publictalk792 on November 20, 2023, 01:18:27 PM

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.

Non-custodial wallets like electrum don't charge you any fee for the transactions you make. All the fee you pay goes to miners. Therefore, it doesn't make sense to say that electrum has lower fees.
In electrum, it's you that chooses the fee. The required fee rate depends on number of inputs and outputs, address(es) type, how congested the network is and how fast you want your transaction to be confirmed.

Publictalk792

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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.

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Quote from: BlackHatCoiner on November 20, 2023, 11:51:37 AM

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.

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Quote from: BitMaxz on November 19, 2023, 04:33:55 PM

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.

Quote from: Woodie on November 19, 2023, 05:14:16 PM

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.

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

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.

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Quote from: GeorgeJohn on November 19, 2023, 06:12:22 PM

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.

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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.

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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.

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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.

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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.

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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.

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

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.

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Quote from: BlackHatCoiner on November 19, 2023, 01:45:31 PM

- 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.

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.

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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 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.

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- 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.

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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.

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Quote from: NeuroticFish on November 19, 2023, 11:25:38 AM

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.

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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

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).

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Quote from: Lamkuthang on November 19, 2023, 10:47:28 AM

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

Quote from: Saisher on November 19, 2023, 09:32:55 AM

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

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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.

Text

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

-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.
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.

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Quote from: Wapfika on November 19, 2023, 09:31:18 AM

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.

Quote from: Nwada001 on November 19, 2023, 09:34:21 AM

Is blockchain.com not a centralised exchange?

Blockchain.com has a non-custodial wallet in which the user has full control over the keys.

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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.

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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.

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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.

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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.

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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.

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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

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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 ? (Read 680 times)