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I want to send some btc from nano ledger to coinbase.
When I was using the nano ledger with ledger live and put in an amount to send... say 0.05 btc... it showed the option to change the btc fees.. and it was standard which was 89 sat per byte? I clicked on low... and all it did was 88? Then put high and it went up to 90. But when you look at the price of it... it was essentially 8 dollars more or less for either of these options? It shows the words sat per byte. Is that the same thing as sat/byte and sat/vbyte? Im confused if sat/byte and sat/vbyte is the same or not?
So what is the lowest amount i could change that 89 to where it would do the transaction pretty fast? I assume right now... it probably would go through in less than an hour? I thought it was twenty dollar fee last time but now avg fee is 8 dollars? Do you need to make any changes with ledger live settings for the fees... or you only need to change that 89 to another number? I heard 10 should be the absolute minimum one should ever put down?
I assume putting that low of a fee... might mean it takes whole day for transaction to go through? But if it does go through, nano ledger will tell you went through but not confirmed right?
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Why do most of the main exchanges not have bitcoin gold? Coinbase/gemini etc doesn't even have it.
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In their help page, we can see our addresses in full format. They said in web browser just go to Setting - Crypto addresses, and we can add or see addresses that related with cryptocurrency which we want to save. I already tried this and you can find it with that way. I think it is important for people to recheck their recipient address to prevent lose the assets.
I went to help... but where it his page with the addresses? Is it under coinbase or pro or custody or more? I checked all of them and cannot find this. I don't even see settings. |
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Okay im going to send some btc soon from nano ledger to coinbase. I want to test a tiny btc deposit to my coinbase address since i never sent one to it just in case. Then i would send a bigger amount. If im going to test say a l0 dollar btc transfer from nano ledger to coinbase, you would recommend send with a cheap fee right? Risky to do this with say 5 sat/kb? Or should i do more? I just took a look right now and on mempool it shows Low priority 35 sat/vB $2.89 Medium priority 56 sat/vB $4.63 High priority 91 sat/vB $7.53 About 12 hours ago or a bit more ago, i remembered the low priority was much lower and so were the other ones. So basically if you are not in a rush, check this site to see what is the low priority, medium priority and high priority correct? Im looking at the latest transactions and it seems almost everyone is putting at least 20 sat/vb with the majority of the fees being like 80 sat/vb. That is normal right when thats how the low/medium/high priority fees look like now? So that is why i almost see no transaction like last night when many fees were around 5 sat/vb? Also is there a way to see the transactions without it going so fast like on mempool? I want to look for people who pay a low transaction fee like say 20 sat/vb or less... and are sending say up to 5000 dollars for example. Like i just copied and paste this transaction https://mempool.space/tx/6bc68b7e4b8fda1cf03aac76ec5b9fb1d22eb44a67efd524dc5c6a62c04ded2eSo this person paying Fee 3,859 sat$2.26 Fee rate 17.2 sat/vB 0.08661796 BTC or around 5000 usd. I see it immediately shows ETA is l0 minutes or l block. Then a minute later... 20 minutes or 2 blocks. Im going to see how long it takes for this transaction to confirm. So after it shows l confirmation on the transaction, its pretty much confirmed right? |
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Okay im going to send some btc soon. I want to test a tiny btc deposit to my coinbase address since i never sent one to it just in case. Then i would send a bigger amount. If im going to test say a l0 dollar btc transfer from nano ledger to coinbase, you would recommend send with a cheap fee right? Risky to do this with say 5 sat/kb? Or should i do more? Did anyone yesterday sent btc and did cheap fee like 5 sat/kb and it was pretty fast? Last night i checked mempool and lot of people seem to send with those cheap fees? I just took a look right now and on mempool it shows Low priority 35 sat/vB $2.89 Medium priority 56 sat/vB $4.63 High priority 91 sat/vB $7.53 About 12 hours ago or a bit more ago, i remembered the low priority was much lower and so were the other ones. So basically if you are not in a rush, check this site to see what is the low priority, medium priority and high priority correct? Im looking at the latest transactions and it seems almost everyone is putting at least 20 sat/vb with the majority of the fees being like 80 sat/vb. That is normal right when thats how the low/medium/high priority fees look like now? So that is why i almost see no transaction like last night when many fees were around 5 sat/vb? Also is there a way to see the transactions without it going so fast like on mempool? I want to look for people who pay a low transaction fee like say 20 sat/vb or less... and are sending say up to 5000 dollars for example. Like i just copied and paste this transaction https://mempool.space/tx/6bc68b7e4b8fda1cf03aac76ec5b9fb1d22eb44a67efd524dc5c6a62c04ded2eSo this person paying Fee 3,859 sat$2.26 Fee rate 17.2 sat/vB 0.08661796 BTC or around 5000 usd. I see it immediately shows ETA is l0 minutes or l block. Then a minute later... 20 minutes or 2 blocks. Im going to see how long it takes for this transaction to confirm. So after it shows l confirmation on the transaction, its pretty much confirmed right? |
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Okay im going to send some soon. I want to test a tiny btc deposit to my coinbase address since i never sent one to it just in case. Then i would send a bigger amount. If im going to test say a l0 dollar btc transfer from nano ledger to coinbase, you would recommend send with a cheap fee right? Risky to do this with say 5 sat/kb? Or should i do more? I just took a look right now and on mempool it shows Low priority 35 sat/vB $2.89 Medium priority 56 sat/vB $4.63 High priority 91 sat/vB $7.53 About 12 hours ago or a bit more ago, i remembered the low priority was much lower and so were the other ones. So basically if you are not in a rush, check this site to see what is the low priority, medium priority and high priority correct? Im looking at the latest transactions and it seems almost everyone is putting at least 20 sat/vb with the majority of the fees being like 80 sat/vb. That is normal right when thats how the low/medium/high priority fees look like now? So that is why i almost see no transaction like last night when many fees were around 5 sat/vb? Also is there a way to see the transactions without it going so fast like on mempool? I want to look for people who pay a low transaction fee like say 20 sat/vb or less... and are sending say up to 5000 dollars for example. Like i just copied and paste this transaction https://mempool.space/tx/6bc68b7e4b8fda1cf03aac76ec5b9fb1d22eb44a67efd524dc5c6a62c04ded2eSo this person paying Fee 3,859 sat$2.26 Fee rate 17.2 sat/vB 0.08661796 BTC or around 5000 usd.
I see it immediately shows ETA is l0 minutes or l block. Then a minute later... 20 minutes or 2 blocks. Im going to see how long it takes for this transaction to confirm. So after it shows l confirmation on the transaction, its pretty much confirmed right? |
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Okay but are many people buying usdn and staking? That is a ton of interest to earn...
Why are not lot of people doing this? I mean thats even higher than blockfi, nexo and celsius rates? Im also confused of that apy rate. Is that higher than the interest rate?
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That magic number of 10 sat/vByte that you mentioned, that's just the lowest network fees that are needed to accelerate an unconfirmed transaction via the ViaBTC free accelerator service.
The minimum fee required to accelerate transaction on ViaBTC is 0.0001Btc/Kb, this is the same as 10 sat/byte, not 10 sat/vbyte. Some people that make use of segwit do make the mistake of 10 sat/vbyte, where as, that is less than 10 sat/byte, which will not make the transaction to be freely accelerated using ViaBTC. The last time I sent from native segwit address to another native segwit address, I used 16 sat/vbyte, this almost equivalent to 10 sat/byte. Transactions below 1 sat/vByte are rejected, yes. Also consider the purging fee (which has now been renamed to "Minimum fee") on https://mempool.space/. If the minimum fee says 2 sats, chances are high that a 1 sat/vByte transaction would be rejected because mempools are limited in size. If the mempool is not congested and is able to confirm 5 sat/vbyte, it will be able to take 1 sat/vbyte transactions, but if not confirm, and the mempool become congested to certain level in mVB, this can result to force such (1 sat/vbyte) transaction that has not been confirmed out of mempool, during this time also, transaction of 1 sat/vbyte can not be broadcasted. Okay one other thing https://mempool.space/tx/dcd34e9f94f26f66bcc22b7a61778e41d98ddd0b7fb1ae8f7ac89ed47a1aa4c5This person did transaction now with Fee 2,096 sat $1.23 Fee rate 6.2 sat/vB On transaction with 0.14997904 BTC which is around 8800 usd. When i first saw this transaction on mempool, it showed estimated time was 3 blocks and 30 minutes. Now l0 minutes later, it shows estimated time is 4 blocks and 40 minutes. Thus its actually taking longer than expected now right? Earlier many hours ago, it seemed transactions were very fast where just doing 10 sat/vbyte would work in just 10 minutes or so? Now the one confusing thing is this. Is the fee rate what that person select in their hardware wallet or electrum or whatever wallet? Such as that 89 that is set as default on nano ledger? Thus you could change that to 5 or 10? Then why does 6.2 sat/vB is 2,096 sat ? Is that converting from sat/vb to sat? Obviously $1.23 is he same as 2,096 sat but is it same as 6.2 sat/vB? |
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Okay so been a while since i checked the waves_exchange client and have quite bit of questions.
So im staking some waves now as i did a while back and see 6% staking and seem to get waves sent to me every week.
I see usdn where you can trade waves for it. Is usdn a stablecoin like usdt or usdc where its flat one dollar regardless?
The thing that is confusing here is at the bottom it says you stake usdn and get 12% to 15% If so, i see you could stake usdn now and it shows interest of 18.67%. Is that annual interest? If so, how is that even possible?
Example if one person has 10,000 dollars worth of waves now and trades it for usdn... they get around 10,000 usdn minus trading fees right? And i see the fees are literally like 15 cents or so? It literally shows the transaction to swap waves for usdn is 0.005 waves fee. But i see there is also a protocol fee... so is that another fee you pay? So imagine trading 10000 usd worth of waves... how much would you get in usdn?
So that would mean if someone has say 10000 usdn and stake it the entire year they going to earn 1200 usdn or so at least by the end of one year? So now their balance is 11200 usdn? Thus imagine doing this with 100,000 usdn... you going to earn 12000 usdn a year? Then with that balance, you could convert that 12000 usdn to usdt... that send that usdt to coinbase or exchange to convert it to fiat and then to your bank account. Am i making any mistake here? But this is with using 12% yearly interest but right now... its 18.67%? But that number changes throughout the days and weeks right? But it doesn't get lower than 12%?
If that is the case, couldn't someone with 1,000,000 dollars literally just earn 120,000 usdn a year and then convert that to usdt... then convert it to fiat to coinbase and back to their bank account? I know those sites like blockfi, celsius offers you interest like that on stablecoins like usdt and usdc etc... so the waves exchange does it as well with usdn? And USDN is basically a stablecoin of a dollar and never changes?
Can anyone confirm this?
Are people here buying usdn and staking it? This seems ridiculous that one can literally earn at least 12% yearly interest with it right now as passive income? I mean 50k usd earns you 6k. Someone who has a ton of money like 500k would earn 60k usdn yearly? Then they can easily convert that usdn to usdt/btc and then to fiat? If so, how come there isn't much talk about the waves exchange compared to say blockfi/nexo/celsius? |
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Had no idea neutrino is available in other markets. But still... is this interest rate normal and sustainable?
That would literally mean people with a lot of money could just stake usdn and make passive income like that?
Like someone who have 50k worth of money could literally earn 6k a year worth of usdn that you can easily convert to usdt or btc and then fiat to your bank right? And someone with like 500k could earn 60k a year worth of usdn that is easily converted to usdt/btc and then to fiat? This looks way too good to be true... but i guess its just like nexo/celsius/blockfi?
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I don't want to use that qr scan option. Never done that and don't want to try.
So copy/paste coinbase address to nano ledger good enough? Good idea to send a very tiny amount of btc from nano ledger to coinbase first to make sure it confirm? Then send bigger amount? Also, once that transaction confirms, I can always send that same coinbase btc address right? Or when i go on btc receiving address, it will show another btc receiving address? I recalled if you send btc to one address... you can always send btc to that address if that is your btc address right?
I mean is there any issue sending bitcoin segwit to legacy or vice versa. If it matters my bitcoin receiving address begins with a 3 which i believe is segwit. And my btc wallet on ledger live is segwit as well. But if one is legacy and other isn't or vice versa, no concern of that at all right?
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Okay so the absolute minimum for sending fee you could send for transaction to work would be 1 sat/vByte right? Also on the mempool site, it seem to estimated how long it would take... i notice most transactions seem to say within one block... even though people who are sending with a 5 sat/vByte fee? Can anyone confirm this now when looking at mempool? That is what i see and am shocked at this.
Yea i know you cant accelerate your transaction on ledger live, i know its only on that viabtc site... but i thought you couldn't RBF enable on ledger live.
I see that low/medium/high priority. It just seems like still some people seem to be sending with only a 5 sat/vbyte fee which surprises me.
I mean, look at this transaction
8d31b07fcee00ef3490f1a3d097eec6fc25ba36446fbd1cb91e6f30c7095ca5c
This person sent 0.10296441 BTC = almost 6000 dollars. They paid a fee of 1,135 sat or $0.66 and got the transaction confirmed in only 12 minutes? Is that correct?
I also thought of something else. Is it possible that if you put a low fee to send on ledger live, it would tell you transaction wouldn't go through and say it needs to be minimum so and so fee? Asking this because a while back when I used electrum to send btc to old nano ledger, I recalled I had to pay minimum so and so fee in order for transaction to even send. Like it didn't even accept me putting a so and so 5 dollar fee... and it had to been minimum double that etc.
I also checked the other site someone posted. Average sending fee for the day was 20.14. How is it that high? When i looked at the mempool, i don't see many fees even close to that high.
[moderator's note: consecutive posts merged]
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Do most use mobile app? I find it amazing on desktop its like this and I don't find any complaints. Nobody has issue with this?
Also want to make sure. Does it matter what my coinbase address is such as if its legacy or segwit or native segwit? I know my btc is in bitcoin segwit on nano ledger... so does the receiving btc address need to be segwit? How do i know if my btc address on coinbase is segwit? Or it doesn't matter?
I know you obviously don't send btc from btc address to bitcoin cash address... and things like if you send usdt... you need to make sure they are both on the ETH or Tron or Binance Chain right?
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Wouldn't hurt for me to send like 0.05 btc to coinbase now and do it with a small transaction fee? I see fees now are much lower... so how much sat/vbyte would you recommend? Standard shows 89 sat/vbyte now which is a bit more than 8 dollars. Someone tell me you could literally do even as low as 4 sat/vbyte but you wouldn't suggest this right? You would say do at least 10 sat/vbyte? I know you told me last time i would waste money on sending if i dont have to. I mean i wouldnt like sending it for 8 dollars but if i could do it for less, i wouldn't mind.
Also, even if I do it with a very low fee, the moment i sent it... even if it takes many hours for transaction to confirm, i can always type that transaction number on one of those tx sites to see the transaction and how much confirmations it has right? But for me, I want to make sure that transaction goes through. So once it shows in that site where you can check tranactions, then its confirmed that 0.05 btc is sent? Or once you click accept in the nano ledger screen, it will show confirmed on ledger screen and also on the ledger live client? Again... i haven't send any btc from ledger live to any site in a very long time. Last time I did it ... was with my old broken nano ledger.
Thanks.
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What would have happened had I put in a nano ledger that had a 0 balance into my laptop once i hit that last step where it ask me to connect and unlock the device? Has anyone tried this though?
Yes i know coins are not stored in device.. its in the blockchain. I know the way i phrase it makes it sound like that.
You say ledger live has copy of your master public key for an account you that you have added to it... but what about those you deleted though? Those aren't there anymore though right? Such as only way to add those again is connect the nano ledger that is connected to those accounts and that is only way?
Okay I didn't know you need to connect device to create an unsigned transaction. I was surprised it actually allowed me to put up to the max balance to send on it... when no nano ledger is even connected to it.
Well when i originally connect my nano ledger to laptop and did all those steps, I did go to the last step though where it then showed
Please confirm the operation on your device to finalize it
Amount 0.05 btc
Fees 0.000017908 btc
On nano ledger deviceit shows
Review output 1
0.05 btc
Address in three parts
Accept
Reject
I clicked on reject and then it shows Red Exclamation Mark on Ledger LIve and shows
Operation denied on device.
Please retry to contact ledger support if in doubt
Save logs
So you are saying its basically impossible for me to even get to this part then right if I didn't have that amount of btc to send? Like had the seed i restored 6 months ago to this nano ledger... was one of the seeds with a 0 balance... then there would be 0 way it would even display the accept/reject right?
Well HCP, remember when i first restored the seed with the replacement nano ledger... I saw the same accounts were still there. Then I thought okay the seed is connected to my old broken nano ledger balance. Then i thought wait a minute, those accounts were already there so how i make sure... then you said delete those accounts. Then connect your replacement nano ledger to it...then add accounts... and once you do that... the accounts connected to that seed will reappear. Then it did... and you said if it was same balances, its the correct seed i restored. This is correct right? Again my concern was 6 months ago when i restored the correct seed to the replacement nano ledger, i was concerned it was one of those seeds that had 0 balance etc.
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Okay so that 89 number i saw, that is sat/vbyte right? So change it to 4 sat/vbyte if i wanted to and that would be the minimum fee that probably would work? I recall not long ago, you always need to put at least
10 sat/vbyte? But thats only if you want to make sure if transaction take too long, then you could send a higher fee later on?
I heard about that replace by fee term but does that need to be checked in ledger? Is it auto checked? Should you uncheck it?
I assume only check it if you want the option to send a higher fee later on if transaction takes too long?
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Okay so you mean copy/paste it on chrome or wordpad right? Then copy/paste it to nano ledger and then look at the device when it show the btc address on hardware device and compare if its same as on chrome or wordpad right?
Yea when i look at the first half of the btc address on coinbase, it matches what i copy/paste. But the thing is i want to see the full btc address on coinbase instead of it showing half the phrase and then three dots. I mean why would coinbase do this or i don't see threads about this?
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When I was using the nano ledger with ledger live and put in an amount to send... say 0.05 btc... it showed the option to change the btc fees.. and it was standard which was 89 satoshibytes? I clicked on low... and all it did was 88? Then put high and it went up to 90. But when you look at the price of it... it was essentially 8 dollars more or less for either of these options?
So what is the lowest amount i could change that 89 to where it would do the transaction pretty fast? I assume right now... it probably would go through in less than an hour? I thought it was twenty dollar fee last time but now avg fee is 8 dollars? Do you need to make any changes with ledger live settings for the fees... or you only need to change that 89 to another number? I heard 10 should be the absolute minimum one should ever put down?
I assume putting that low of a fee... might mean it takes whole day for transaction to go through? But if it does go through, nano ledger will tell you went through but not confirmed right?
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