Bitcoin Forum

Lately the blockchain is very cool congested. Let us make a list of low medium and high priority fees for BTC.
Lowest being the very lowest fee just above failure. The highest being the most you need at which point adding more makes little difference.

240 Satoshi/byte works well so far what figures are the rest of you seeing ?

According to https://bitcoinfees.21.co/, it's 280 satoshi/byte.
If you don't mind when the transaction confirms, you can probably go down to about 160satoshi/byte to have it confirmed within about 12 hours.

I paid a fee of just over 162 sats/byte @ 17:54:45 today, there were ~150k unconfirmed txs at the time and it still confirmed in 11 minutes.

I didn't know this website, will add it to my Bitcoin bookmarks, thanks!

It does. To I usually send my transactions with around 150-190 satoshi/byte to save a little fee and do not risk it being stuck. Using an accelerator also helps to get it confirmed soon.

I pay a just a bit more than the recommended fee through Electrum wallet, I let the slider of the fee to the far right and yesterday I paid 328.33 satoshi/byte for sending about 0.10 btc. The transaction confirmed within 5 minutes. When you keep the slider fee to the far right in Electrum it will include a transaction fee that will put your transaction in the next mined block. Works really well for me this way although fees are higher than the recommended.

In your opinion is normal to pay 0.0007 for a small transaction? It happened to me and I didn't like it, too high imho

will the transfer fee rise?

if its too high for you, you can try sending small amount of money using western union and compare it to how much you are paying in bitcoin and how fast it is. alternatively, you can still pay lower amount of transaction fees, tho your confirmation will take some time to get confirmed

Ok thank you this is the most helpful reply. So 160 min maybe 140 and 200 or so medium.


So we can say 300 max ? Ok good . My transactions just got cancelled but now I know how much to out. Although I was using indie wallet set to medium. I have set it to high now.


That's pretty good. The one sent to me was 140 and took just over an hour. Thanks for the reply.


How small of a transaction ? It's not really worth making small ones anymore.

When I spent my bitcoins if the time is not primarily my concern and I check the above site I don't follow the recommended fees option but always I look at the second from the right column with the label 'delay' and I choose the last one before the interval ends with the word 'infinity', e.g '5 - inf'. If you check the explanations you will see that is a 90% confidence internal based in the last 3 hours of blockchain data. Till now all of my transactions have been confirmed in a reasonable time and fees about 2/3 of the recommended ones.

I have less frequent high valued transactions so I usually go for the fees recommended by my wallet service provider (yes, I am using blockchain.info as web wallet) and even if sometimes the fees is little bit costly than that of average fees, I pay it as I don't want my transaction to get stuck in unconfirmed transaction backlog (like everyone). However one can go with (https://bitcoinfees.21.co) to find out recommended transaction fee for the real-time network traffic.

Some small transactions of mine with ~ 120 sat/B took over 16 hours to confirm, so it is possible, but not feasible for something that needs to be confirmed quick.

Side question, how is (((Bitcoin))) going to fix all these unconfirmed transactions? With bitcoin becoming more mainstream, i don't see this problem disappearing, more likely, this is going to stay if the core team doesn't take any actions..

Is segwit the solution? Or?

I usually pay around 200 Satoshi/byte for normal transactions that I do not need very fast confirmation speed.

But for more urgent transactions, I usually pay more than that, and something like 300-500 Satoshi/byte works for me.

500 satoshi too high for me what op suggested should be ok for me. My transactions has been left unconfirmed for some days now because of this low fees issue. Am suggesting at list something around 400satoshi.

what allet have less fee ?

Because its some luck factor there. U can give ANY fee that is not ridicolously low and it will confirm in 10 minutes or in 10 hours u never know.

A couple of dollars, yeah I know but what would you suggest? Not much to do at this stage

i have been paying a BTC transfer fee of 0.0004 btc and all transactions get confirmed within a 2hours window

If you can, wait until the backlog is back to normal, the fees probably will be lowered once the blocks aren't full anymore. Shouldn't take more than a few days.


fees depend on the network, not the wallet you use ???

Unfortunately was urgent so I had to do it. Thanks for the suggestion.

Ideally, the transaction fee must be a fixed amount. If it is too volatile, the merchants and even the Bitcoin users will lose their confidence in Bitcoin. How can you guarantee that the transaction fee won't rise to 10x the amount as of now after a few months?

Agreed. But because of Bitcoin's nature this can't be changed. Probably only bigger blocks can solve this issue.

Are there any plans to change the fee system?

What do you mean? What kind of plans?

yeah you need to understand the basic reason of the increase and down in the fee of  Bitcoin transaction .
I will suggest you to go at bitcoinfee.21.co at this site you can estimate that how much you need to pay for your transaction to confirm speedly .
But beside of this estimation of this side I have the basic idea of the paying fees for the Bitcoin transaction that is 0.0 0 0 3 BTC .
Cause in the current time I am paying about 150sat per byte , is a good thing for the confirmation of the transaction.
Second thing here I will suggest you to just use the normal see that wallet shows you during the transaction of your Bitcoin amount .
Because the recommended the recommended fees are really impactful for the better confirmation of your Bitcoin transaction.

I don't know what's the recommended fee. I dont really manually edit my transaction fee. I put either normal to priority fee. I don't use low fee since i want all the transactions fast. But the fees are getting bigger now. The last time i withdraw on my livecoin account. I pay .0005 btc fee. That's huge for me. It's fast tho. It only takes 3 minutes to receive.

Is this cheap compare to other?

Each wallet has its own cost. Because that's what they get from the results of our transactions

How would you change the fee system ? You would have to change and restructure the entire way Bitcoin works. I guess you hoping to pay reduced fees. You can't dude. It's just how it works.


Yes but it is best to customize it as it is ever changing to begin with.