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Author Topic: [Help]Way to Reduce Outgoing Transaction Fees!  (Read 385 times)
Hariom
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November 21, 2015, 09:21:00 AM
 #1

Hello Friends,
I have been using Blockchain as my Primary Wallet Because of its simplicity and easy accessibility.
But i dont know why the transaction fees are much ..
Is there any way to reduce or remove such extra transaction fees by any setting in blockchain ?
Please Suggest me your Opinions about it!
Thankyou !
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shorena
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November 21, 2015, 09:48:20 AM
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Im not entirely sure as I dont use blockchain.info, but AFAIK there is an option to create a custom TX that allows you to set a fee. Keep in mind though that fees make your TX confirm fast. If the fee is too small you might have to wait days for a confirmation. Xapo pays the fee for you, I dont use that either, but maybe check it out and see if it is a wallet of your liking.

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November 21, 2015, 10:01:16 AM
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Go check out Xapo as shorena suggested. All your transactions fees are paid by them so no fees come off your balance.

Also, they use high fees most of the time meaning that your transactions are almost always in the first block processed after broadcasting the transaction so your transactions go through very fast. They also offer a Vault storage facility which offers some additional security should you have a large number of bitcoins.

Xapo is ideal for payments from faucets and or other small payments but I would recommend that you get one of the other 'desktop' wallets if you have a large number of coins because of security reasons.
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November 21, 2015, 10:21:45 AM
 #4

Im use blockchain.info i try custom Tx but the confirmaton very slow
now im Use xapo and coinbase,
xapo android aplication is very good and design very cool but sometimes you must waiting 1-2minute after you send your bitcoin to get "block hash" or to be able to look at block explore,
coinbase is better wallet than xapo for sending bitcoin

the weakness of both is you must waiting 6confirmation to make bitcoin received avaible  on the wallet
wadii33
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November 21, 2015, 10:53:57 AM
 #5

you can change your transaction fees to minimal in blockchain look for it in the setting
but these will make the transaction goes very slow
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November 21, 2015, 11:08:37 AM
 #6

you can change your transaction fees to minimal in blockchain look for it in the setting
but these will make the transaction goes very slow
+1
for those transaction which isn't necessary to be quick.

fun fact: some of the alt coins as i can see like reddcoin, dogecoin allows little fee but confirmation period is always the highest priority.
reddcoin i mentioned, transaction fee of that, no matter how large it would be, it is just .001 reddcoin (worth less than a satoshi) per single large transaction! that's why i would recommend to use some of the alt coins.

foxkyu
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November 21, 2015, 11:20:15 AM
 #7

Go to Send Money tab, and then choose custom. You can reduce transaction fees in 'Miners Fee' form.

But remember, if your fees is too small then you will receive your bitcoin very very long time.
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