My bitcoin wallet insists on charging 0.001 btc to send, but I want to pay less

[bitbets]

Hi. I am trying to lower the fee to send bitcoins, but my wallet is stuck at a fee of 0.001 btc

I tried resetting the fee amount in the Settings>Options>Main window to 5000 satoshi,

but it is still stuck at 100,000 satoshi.

I am thinking I might pay 0.00000500 btc (500 satoshi) to send.

How do I make the fees less to send?

[1715160754]

1715160754

[1715160754]

1715160754

[EcuaMobi]

Hi. I am trying to lower the fee to send bitcoins, but my wallet is stuck at a fee of 0.001 btc

I tried resetting the fee amount in the Settings>Options>Main window to 5000 satoshi,

but it is still stuck at 100,000 satoshi.

I am thinking I might pay 0.00000500 btc (500 satoshi) to send.

How do I make the fees less to send?

What wallet are you using? That's an important information to share.
A fee of 500 satoshis is worthless and will be treated as 0. It's possible in that case it's using a default value of 0.001. Try setting it to 0.0001 (per kb) which is what's normally used.

I recommend you to read this https://bitcointalk.org/index.php?topic=124068.msg1332793#msg1332793 and the docs about fees.

[fsb4000]

Hi. I am trying to lower the fee to send bitcoins, but my wallet is stuck at a fee of 0.001 btc

I tried resetting the fee amount in the Settings>Options>Main window to 5000 satoshi,

but it is still stuck at 100,000 satoshi.

I am thinking I might pay 0.00000500 btc (500 satoshi) to send.

How do I make the fees less to send?

What wallet are you using? That's an important information to share.
A fee of 500 satoshis is worthless and will be treated as 0. It's possible in that case it's using a default value of 0.001. Try setting it to 0.0001 (per kb) which is what's normally used.

I recommend you to read this https://bitcointalk.org/index.php?topic=124068.msg1332793#msg1332793 and the docs about fees.

Nope, you're wrong.
Bitcoin transaction fee now is per byte, not per kilobyte.
https://blockchain.info/tx/a40793e7c4eddea9474f9378143e7208cbcac8d4e3ec7d1eb72948e7ba47f591

[Muhammed Zakir]

Hi. I am trying to lower the fee to send bitcoins, but my wallet is stuck at a fee of 0.001 btc

I tried resetting the fee amount in the Settings>Options>Main window to 5000 satoshi,

but it is still stuck at 100,000 satoshi.

I am thinking I might pay 0.00000500 btc (500 satoshi) to send.

How do I make the fees less to send?

What wallet are you using? That's an important information to share.
A fee of 500 satoshis is worthless and will be treated as 0. It's possible in that case it's using a default value of 0.001. Try setting it to 0.0001 (per kb) which is what's normally used.

I recommend you to read this https://bitcointalk.org/index.php?topic=124068.msg1332793#msg1332793 and the docs about fees.

Nope, you're wrong.
Bitcoin transaction fee now is per byte, not per kilobyte.
https://blockchain.info/tx/a40793e7c4eddea9474f9378143e7208cbcac8d4e3ec7d1eb72948e7ba47f591

Your transaction has high priority. It will be confirmed even if you didn't add any fees.

Code:

65  /** Fees smaller than this (in satoshi) are considered zero fee (for relaying) */
66  int64_t CTransaction::nMinRelayTxFee = 1000;

https://github.com/bitcoin/bitcoin/blob/master/src/main.cpp

[xyzabc]

Or You can simply use XAPO they have no fees ! And transactions are also done pretty quick .

[Muhammed Zakir]

Or You can simply use XAPO

Uh, you are right. And keep your Bitcoins in their pocket, ask their permission to send Bitcoins and if they are not online, wait to spend *your* Bitcoins and if they go away with your money, just call them scammers. Why don't you avoid these situations by not keeping *your Bitcoins* in *their wallet*?

they have no fees !

Transactions they send have fees but they pay fees.

And transactions are also done pretty quick .

No. Time for confirmation is same except for off-chain transactions.

[EcuaMobi]

Hi. I am trying to lower the fee to send bitcoins, but my wallet is stuck at a fee of 0.001 btc

I tried resetting the fee amount in the Settings>Options>Main window to 5000 satoshi,

but it is still stuck at 100,000 satoshi.

I am thinking I might pay 0.00000500 btc (500 satoshi) to send.

How do I make the fees less to send?

What wallet are you using? That's an important information to share.
A fee of 500 satoshis is worthless and will be treated as 0. It's possible in that case it's using a default value of 0.001. Try setting it to 0.0001 (per kb) which is what's normally used.

I recommend you to read this https://bitcointalk.org/index.php?topic=124068.msg1332793#msg1332793 and the docs about fees.

Nope, you're wrong.
Bitcoin transaction fee now is per byte, not per kilobyte.
https://blockchain.info/tx/a40793e7c4eddea9474f9378143e7208cbcac8d4e3ec7d1eb72948e7ba47f591

In most wallets you set the fee per kb, not per byte, and then the calculations are being made from there whether the fee is rounded up to kb or set per byte.

I highly doubt OP meant he was setting 500 satoshis per byte. I'm pretty sure he was setting it per kb and that's way to low. I insist that he should set it to 0.0001 per kb (or the equivalent per byte but I really don't think his wallet is asking per byte). Anyway as I said it would help if OP mentions the wallet he's using.

I you meant something else with your high-priority TX link I didn't understand you.

[Muhammed Zakir]

Hi. I am trying to lower the fee to send bitcoins, but my wallet is stuck at a fee of 0.001 btc

I tried resetting the fee amount in the Settings>Options>Main window to 5000 satoshi,

but it is still stuck at 100,000 satoshi.

I am thinking I might pay 0.00000500 btc (500 satoshi) to send.

How do I make the fees less to send?

What wallet are you using? That's an important information to share.
A fee of 500 satoshis is worthless and will be treated as 0. It's possible in that case it's using a default value of 0.001. Try setting it to 0.0001 (per kb) which is what's normally used.

I recommend you to read this https://bitcointalk.org/index.php?topic=124068.msg1332793#msg1332793 and the docs about fees.

Nope, you're wrong.
Bitcoin transaction fee now is per byte, not per kilobyte.
https://blockchain.info/tx/a40793e7c4eddea9474f9378143e7208cbcac8d4e3ec7d1eb72948e7ba47f591

In most wallets you set the fee per kb, not per byte, and then the calculations are being made from there whether the fee is rounded up to kb or set per byte.

I highly doubt OP meant he was setting 500 satoshis per byte. I'm pretty sure he was setting it per kb and that's way to low. I insist that he should set it to 0.0001 per kb (or the equivalent per byte but I really don't think his wallet is asking per byte). Anyway as I said it would help if OP mentions the wallet he's using.

I you meant something else with your high-priority TX link I didn't understand you.

I should have mentioned in my previous post. Sorry!

The recommended fee is 0.0001BTC/1000 bytes. If you convert 1000 bytes to kilobytes, you will get 1KB 1kB. So the fee is per KB kB not per bytes or you can say, the fee is per 1000 bytes. Saying fee is per byte is wrong.

* Corrected my mistake. Thanks to BlackMachine.

[BlackMachine]

Hi. I am trying to lower the fee to send bitcoins, but my wallet is stuck at a fee of 0.001 btc

I tried resetting the fee amount in the Settings>Options>Main window to 5000 satoshi,

but it is still stuck at 100,000 satoshi.

I am thinking I might pay 0.00000500 btc (500 satoshi) to send.

How do I make the fees less to send?

What wallet are you using? That's an important information to share.
A fee of 500 satoshis is worthless and will be treated as 0. It's possible in that case it's using a default value of 0.001. Try setting it to 0.0001 (per kb) which is what's normally used.

I recommend you to read this https://bitcointalk.org/index.php?topic=124068.msg1332793#msg1332793 and the docs about fees.

Nope, you're wrong.
Bitcoin transaction fee now is per byte, not per kilobyte.
https://blockchain.info/tx/a40793e7c4eddea9474f9378143e7208cbcac8d4e3ec7d1eb72948e7ba47f591

In most wallets you set the fee per kb, not per byte, and then the calculations are being made from there whether the fee is rounded up to kb or set per byte.

I highly doubt OP meant he was setting 500 satoshis per byte. I'm pretty sure he was setting it per kb and that's way to low. I insist that he should set it to 0.0001 per kb (or the equivalent per byte but I really don't think his wallet is asking per byte). Anyway as I said it would help if OP mentions the wallet he's using.

I you meant something else with your high-priority TX link I didn't understand you.

I should have mentioned in my previous post. Sorry!

The recommended fee is 0.0001BTC/1000 bytes. If you convert 1000 bytes to kilobytes, you will get 1KB. So the fee is per KB not per bytes or you can say, the fee is per 1000 bytes. Saying fee is per byte is wrong.

Since 0.9.x Bitcoin core release, the default fee has been set to 0.00001BTC/1000bytes. Fees/1000bytes help in the ranking of transaction but it shouldn't matter if the priority is high enough.

*1KB=1024byte but 1kB=1000byte. In this case, it is kB.

[amaclin]

*1KB=1024byte but 1kB=1000byte. In this case, it is kB.

how many grams in a kilogram? i think 1024 

[TransaDox]

Hi. I am trying to lower the fee to send bitcoins, but my wallet is stuck at a fee of 0.001 btc

I tried resetting the fee amount in the Settings>Options>Main window to 5000 satoshi,

but it is still stuck at 100,000 satoshi.

I am thinking I might pay 0.00000500 btc (500 satoshi) to send.

How do I make the fees less to send?

What wallet are you using? That's an important information to share.
A fee of 500 satoshis is worthless and will be treated as 0. It's possible in that case it's using a default value of 0.001. Try setting it to 0.0001 (per kb) which is what's normally used.

I recommend you to read this https://bitcointalk.org/index.php?topic=124068.msg1332793#msg1332793 and the docs about fees.

Nope, you're wrong.
Bitcoin transaction fee now is per byte, not per kilobyte.
https://blockchain.info/tx/a40793e7c4eddea9474f9378143e7208cbcac8d4e3ec7d1eb72948e7ba47f591

In most wallets you set the fee per kb, not per byte, and then the calculations are being made from there whether the fee is rounded up to kb or set per byte.

I highly doubt OP meant he was setting 500 satoshis per byte. I'm pretty sure he was setting it per kb and that's way to low. I insist that he should set it to 0.0001 per kb (or the equivalent per byte but I really don't think his wallet is asking per byte). Anyway as I said it would help if OP mentions the wallet he's using.

I you meant something else with your high-priority TX link I didn't understand you.

I should have mentioned in my previous post. Sorry!

The recommended fee is 0.0001BTC/1000 bytes. If you convert 1000 bytes to kilobytes, you will get 1KB. So the fee is per KB not per bytes or you can say, the fee is per 1000 bytes. Saying fee is per byte is wrong.

Since 0.9.x Bitcoin core release, the default fee has been set to 0.00001BTC/1000bytes. Fees/1000bytes help in the ranking of transaction but it shouldn't matter if the priority is high enough.

*1KB=1024byte but 1kB=1000byte. In this case, it is kB.

Ahem.

1KB=1kB=1000 bytes. 1KiB=1024 bytes
Search Google for "Kibibyte"

[BlackMachine]

Hi. I am trying to lower the fee to send bitcoins, but my wallet is stuck at a fee of 0.001 btc

I tried resetting the fee amount in the Settings>Options>Main window to 5000 satoshi,

but it is still stuck at 100,000 satoshi.

I am thinking I might pay 0.00000500 btc (500 satoshi) to send.

How do I make the fees less to send?

What wallet are you using? That's an important information to share.
A fee of 500 satoshis is worthless and will be treated as 0. It's possible in that case it's using a default value of 0.001. Try setting it to 0.0001 (per kb) which is what's normally used.

I recommend you to read this https://bitcointalk.org/index.php?topic=124068.msg1332793#msg1332793 and the docs about fees.

Nope, you're wrong.
Bitcoin transaction fee now is per byte, not per kilobyte.
https://blockchain.info/tx/a40793e7c4eddea9474f9378143e7208cbcac8d4e3ec7d1eb72948e7ba47f591

In most wallets you set the fee per kb, not per byte, and then the calculations are being made from there whether the fee is rounded up to kb or set per byte.

I highly doubt OP meant he was setting 500 satoshis per byte. I'm pretty sure he was setting it per kb and that's way to low. I insist that he should set it to 0.0001 per kb (or the equivalent per byte but I really don't think his wallet is asking per byte). Anyway as I said it would help if OP mentions the wallet he's using.

I you meant something else with your high-priority TX link I didn't understand you.

I should have mentioned in my previous post. Sorry!

The recommended fee is 0.0001BTC/1000 bytes. If you convert 1000 bytes to kilobytes, you will get 1KB. So the fee is per KB not per bytes or you can say, the fee is per 1000 bytes. Saying fee is per byte is wrong.

Since 0.9.x Bitcoin core release, the default fee has been set to 0.00001BTC/1000bytes. Fees/1000bytes help in the ranking of transaction but it shouldn't matter if the priority is high enough.

*1KB=1024byte but 1kB=1000byte. In this case, it is kB.

Ahem.

1KB=1kB=1000 bytes. 1KiB=1024 bytes
Search Google for "Kibibyte"

Erhm
http://en.wikipedia.org/wiki/Kilobyte

The kilobyte is a multiple of the unit byte for digital information. It refers to either 1000 bytes or 1024 bytes, depending on usage and context. The abbreviations for these are kB and KB, respectively, although this distinction is not always observed.

[ragi]

Just pay the 0.0001. I have waited 6 blocks to pick a 0.00001 fee transaction. Looking all these half full blocks not pick your transaction is kinda maddening.

[fsb4000]

Hi. I am trying to lower the fee to send bitcoins, but my wallet is stuck at a fee of 0.001 btc

I tried resetting the fee amount in the Settings>Options>Main window to 5000 satoshi,

but it is still stuck at 100,000 satoshi.

I am thinking I might pay 0.00000500 btc (500 satoshi) to send.

How do I make the fees less to send?

What wallet are you using? That's an important information to share.
A fee of 500 satoshis is worthless and will be treated as 0. It's possible in that case it's using a default value of 0.001. Try setting it to 0.0001 (per kb) which is what's normally used.

I recommend you to read this https://bitcointalk.org/index.php?topic=124068.msg1332793#msg1332793 and the docs about fees.

Nope, you're wrong.
Bitcoin transaction fee now is per byte, not per kilobyte.
https://blockchain.info/tx/a40793e7c4eddea9474f9378143e7208cbcac8d4e3ec7d1eb72948e7ba47f591

Your transaction has high priority. It will be confirmed even if you didn't add any fees.

Code:

65  /** Fees smaller than this (in satoshi) are considered zero fee (for relaying) */
66  int64_t CTransaction::nMinRelayTxFee = 1000;

https://github.com/bitcoin/bitcoin/blob/master/src/main.cpp

My transaction didn't have high priority.
See https://github.com/bitcoin/bitcoin/blob/55294a9fb673ab0a7c99b9c18279fe12a5a07890/src/amount.cpp#L18
Now(since bitcoin 0.10) fee is not multiples of 1000 bytes.
Fee can be 300 satoshis and 432 and so.
Yes, 1000 satoshis per 1000 bytes is minimal. But 400 satoshis per 400 bytes is OK now.

[TransaDox]

Erhm
http://en.wikipedia.org/wiki/Kilobyte

The kilobyte is a multiple of the unit byte for digital information. It refers to either 1000 bytes or 1024 bytes, depending on usage and context. The abbreviations for these are kB and KB, respectively, although this distinction is not always observed.

That article is inconsistent (look at the table to the right hand side).
https://en.wikipedia.org/?title=Binary_prefix

[maheshmahi]

I am using blockchain wallet and there is no any transaction fees.
I recommend it

[iram66680]

I am using blockchain wallet and there is no any transaction fees.
I recommend it

What are you talking about? Blockchain.info is just like any other wallets and they do charge a fee for the transactions. Your transaction will include a transaction deducted from your account balance. Typically 0.0001BTC. To get 0 fees, you need to use custom send. Also, it isn't very secure based on the accidents that happened recently.

[bitnanigans]

I am using blockchain wallet and there is no any transaction fees.
I recommend it

I would advise against using the blockchain.info wallet. There have been a lot of security breaches and screw ups in recent times. Better to use a more secure and reliable wallet.

[TransaDox]

I am using blockchain wallet and there is no any transaction fees.
I recommend it

I would advise against using the blockchain.info wallet. There have been a lot of security breaches and screw ups in recent times. Better to use a more secure and reliable wallet.

I would go further. I would advise not using online wallets at all otherwise you might as well use a bank.

[Xialla]

Or You can simply use XAPO they have no fees ! And transactions are also done pretty quick .

.) I'm using bitcoin to avoid any kind of banks and financial services holding my own money. is much better to pay fees every transaction and hold bitcoin by yourself, than send it to some service to avoid fees..

what a stupid logic.