transaction fees for transfer of the change to new receiving address

[joe1234]

Hello forum

to my understanding changes/receiving transactions are always transferred to a new receiving address in Mycelium (with HD-account).


Does that move cost me transaction fees?

Thank you!

Joe

[TryNinja]

Yes, it's an extra output, so it will increase the size of your transaction (increasing the fees).

But you must send the change somewhere. Either to a new change address, back to the same address of origin, or to a second receiver (the cost will be the same for all 3 options).

[joe1234]

Hmm but I heard that many transaction were not "executed" during the time BTC was so expensive
( e.g. December 2017). (especially when the user was not ready to pay high transaction feeds)



- will Mycellium ask how much I am ready to pay (transaction-fees) for such (internal move of BTC
funds to a new address)?


Thank you!

Joe

[BitMaxz]

- will Mycellium ask how much I am ready to pay (transaction-fees) for such (internal move of BTC
funds to a new address)?

The transaction fee depends on transaction size sat./byte. If you are sending bitcoin to another bitcoin address in your HD wallet it will ask for a fee from low priority, Economic, normal and priority. Just choose priority to make your transaction faster and low priority if you are not in a hurry. Since you are just transferring your bitcoin into the same wallet the transaction fee doesn't matter.

[bob123]

- will Mycellium ask how much I am ready to pay (transaction-fees) for such (internal move of BTC
funds to a new address)?

Are you talking about a normal transaction or about the change of a transaction?

The change of a transaction simply just is an additional output. So an usual transaction has at least 1 Input and 2 Output (Receiver / Change).

Each transaction requires a fee (based on the size) to be included into a block. It doesn't matter whether you are sending the coins to an address owned by you, or someone else.
Noone except you knows that you are owning the receiving and sending address. A transaction between 2 of your addresses is a normal transaction for everyone in the network.

You will be able to choose the fee, just like with each other transaction inside mycelium.