Hi Guys, i have a beginners question to ask if you do not mind to answer...
im trying to make some payments using BTC and Electrum
I owe somebody $25 USD. And im trying to make the payment. But the recommended Fee is almost $9!! That is ridiculously high just to make a payment...
I need to make the payment in the next few hours, and would like a little help with some resources to learn on how to manage my fees better? Because im always paying an extremely high price on the fees.
I have no idea how many sat/byte to set to meet the payment deadline. Currently it is set at 66.6 sat/byte for a fee of 0.00014918 btc. = $8.42 usd. I have a legacy wallet.
The place in which i purchased the bitcoins were able to send me $50 worth of bitcoin instantly for a tiny fee. how are they able to send a higher amount for a smaller fee?
So yeah, sorry noob question, but i would just like to learn how to optimize my fees. thank you.
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