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Author Topic: Bitcoincore wallet fee  (Read 1694 times)
idyu
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November 01, 2015, 02:20:53 PM
 #1

What is the best fee i should set so the transaction not take ages ?

i plan to send 1 btc to localbitcoins
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iram66680
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November 01, 2015, 02:22:38 PM
 #2

From https://www.blocktrail.com/BTC, the optimal fee is ~0.00002BTC/KB. I would go for 0.0001BTC/KB for a higher probability of it getting included in the next transaction.

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November 01, 2015, 02:24:34 PM
 #3

i always send with a 0.0001 fee and it always confirms within an hour or two.
idyu
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November 01, 2015, 02:28:49 PM
 #4

Thanks for the quick replys
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November 01, 2015, 03:03:18 PM
 #5

Thanks for the quick replys

Just use the fee slider in bitcoin core, its the best prediction you can have.

Code:
Block fee in satoshi/kb
---------------------------
1 44261
2 15136
3 13764
4 10187
5-25 5234

anthonycamp
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November 01, 2015, 03:04:35 PM
 #6

i did not know that HardWare wallets had fee does multibitHD have i need to test brb into 10 mins
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November 01, 2015, 03:21:35 PM
 #7

What is the best fee i should set so the transaction not take ages ?

i plan to send 1 btc to localbitcoins

This website might help you to determine the current fee standard...

http://www.cointape.com/

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ranochigo
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November 02, 2015, 03:24:19 AM
 #8

i did not know that HardWare wallets had fee does multibitHD have i need to test brb into 10 mins
You can set the fees yourself for faster confirmation or you can not set a fee and it would take a significantly longer time till your priority is high enough. For MultibitHD however, they do have a developers fee of 1000satoshi. For SPV Clients, it isn't possible to use client to predict the fee as of now.














 

 

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zodiac3011
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November 02, 2015, 11:44:01 AM
 #9

I usually it at 0.0002-0.0003 per transaction but when I need to fasten things up as I need to transfer big amount I often set it to 0.001-0.002  Tongue
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November 02, 2015, 12:12:47 PM
 #10

I usually it at 0.0002-0.0003 per transaction but when I need to fasten things up as I need to transfer big amount I often set it to 0.001-0.002  Tongue

Me too, I always set a higher fee, it's still pennies any way. I just can't be bothered waiting & even worrying about seeing a confirmation.


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November 02, 2015, 12:17:38 PM
 #11

I usually it at 0.0002-0.0003 per transaction but when I need to fasten things up as I need to transfer big amount I often set it to 0.001-0.002  Tongue

Well maybe you are afraid that the transaction will get lost or not confirmed?
I am always happy with the transaction fee of 0.0001
For example now see this transaction it will confirmed very soon even though it is 134BTC: https://blockchain.info/tx/04d1d20ed92ac9360d27b97692ab2ae4422b89ca09cfd450ed85e706189d9ab5

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ranochigo
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November 02, 2015, 12:20:45 PM
 #12

I usually it at 0.0002-0.0003 per transaction but when I need to fasten things up as I need to transfer big amount I often set it to 0.001-0.002  Tongue

Well maybe you are afraid that the transaction will get lost or not confirmed?
I am always happy with the transaction fee of 0.0001
For example now see this transaction it will confirmed very soon even though it is 134BTC: https://blockchain.info/tx/04d1d20ed92ac9360d27b97692ab2ae4422b89ca09cfd450ed85e706189d9ab5
Transaction volume does not directly reflect the need for a higher fee. The thing that affects the fee is the transaction size. Even if a transaction has 200+BTC in volume, the Transaction may just have 900bytes, thus you can even send it without a fee.














 

 

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zodiac3011
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November 02, 2015, 12:25:38 PM
 #13

I usually it at 0.0002-0.0003 per transaction but when I need to fasten things up as I need to transfer big amount I often set it to 0.001-0.002  Tongue

Well maybe you are afraid that the transaction will get lost or not confirmed?
I am always happy with the transaction fee of 0.0001
For example now see this transaction it will confirmed very soon even though it is 134BTC: https://blockchain.info/tx/04d1d20ed92ac9360d27b97692ab2ae4422b89ca09cfd450ed85e706189d9ab5
Transaction volume does not directly reflect the need for a higher fee. The thing that affects the fee is the transaction size. Even if a transaction has 200+BTC in volume, the Transaction may just have 900bytes, thus you can even send it without a fee.
I know but when I send big amount of bitcoin I usually use high fee to guarantee that my transaction is included in the next block and to make myself few some what relieve Grin
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November 02, 2015, 12:53:59 PM
 #14

Depending on how much you are going to send, id range from from about 0.00005 to 0.0003. 0.0003 if you're sending 10+ BTC, and 0.00005 if you are sending a few thousand satoshi.

What do you classify as "quickly"? 10 minutes? 1 hour? 1 day?



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November 02, 2015, 12:55:00 PM
 #15

What is the best fee i should set so the transaction not take ages ?

i plan to send 1 btc to localbitcoins

I never care about it; i always let the bitcoin core decide it for me, for example , sometimes the slider predicts 15k and sometimes 30k, the fee always varies.

From my point of view you should do the same, just dont care and use what the slider have in that momento, and dont worry about the time needed, it will never take ages, well sometimes you need to w8 a Little bit more, but normally you dont nee to w8 so long.
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November 02, 2015, 01:00:17 PM
 #16

It depends on how many inputs you have, but don't think about it because bitcoin core will do it for you.
For fastest confirmation, i recommend 0.0005BTC/KB

So, transaction fee isn't depends on how much bitcoin you have, but how many inputs will you have.
Usually if you collect bitcoin from faucet, you'll have many inputs, and transaction fee will be big.

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November 02, 2015, 02:26:08 PM
 #17

always 10k for me, the fee are so low, that it is not worth the effort to stay there and change all the time, there are however the automatic fee, you can use that with core
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November 02, 2015, 02:27:26 PM
 #18

I would say 0.001.

That is what I have it set to.
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November 02, 2015, 02:41:31 PM
 #19

The default fee only 10.000 satosi
but for high confirmation, you can use 100.000 satosi for fee

Bitcoin is lower fee if you compare with other processor payment
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November 02, 2015, 02:44:11 PM
 #20

I would say 0.001.

That is what I have it set to.
I would say that's quite high Grin It's usually 0.0001 but to guarantee it gets into the next block 0.001 it's fine too
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