Bitcoin Forum

Bitcoin => Bitcoin Technical Support => Topic started by: arminz on March 04, 2017, 08:02:41 PM



Title: LOW FEE
Post by: arminz on March 04, 2017, 08:02:41 PM
Hi,

i have a pending transaction with low fee,
is it possible to cancel the transaction?
How long does a transaction take with the low fee status?



Title: Re: LOW FEE
Post by: unamis76 on March 04, 2017, 08:06:06 PM
Not possible to cancel, you either wait for it to go through, wait for it to be dropped from mempools or do an RBF transaction on top of it.

Time depends largely on fees (https://en.bitcoin.it/wiki/Transaction_fees) and transaction size.


Title: Re: LOW FEE
Post by: BitcoinNewsMagazine on March 04, 2017, 08:07:37 PM
All about "stuck" transactions and what you can do to fix them (https://bitcointalk.org/index.php?topic=1802212.0)


Title: Re: LOW FEE
Post by: Cereberus on March 05, 2017, 01:02:41 PM
Hopefully until now your transaction should be confirmed. For next time check carefully this website https://bitcoinfees.21.co/ (https://bitcoinfees.21.co/) for the recommended fee. If you use dynamic fees and put the slider to the far right you are good to go and transactions will confirm faster.

If you want to use the specific fee of bitcoinfees21 then uncheck dynamic fees and enter manually the recommended fee you see in the website.

Personally I suggest to use dynamic fees with the slider moved to the far right, no problems and it is easy for newbies.