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BrannigansLaw (OP)
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November 13, 2016, 07:50:46 PM |
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I've not sent anything from my blockchain wallet in a long time, but upon deciding to cash out I niotice a $2+ recommended fee. wtf? why is this?
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Skarner21
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November 13, 2016, 07:58:08 PM |
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Its weird i am paying for cents in my 0.1 btc send to another wallet i am paying for 0.000220 sat for transaction fee with high recommended fee in electrum maybe there is some mistake on blockchain and i think better to try to contact them i did not see any news about block chain maybe there is some mistake because they are upgraded the blockchain wallet..
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Make crypto as your bank.
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steven0021
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November 13, 2016, 08:02:43 PM |
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TXid (if you've sent it)? I'm sure that it's because your transaction size is quite big. And again, the amount of btc being transferred have very little to do with the recommended fee. It's the size of the transaction that matters. |
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BitcoinNewsMagazine
Legendary
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Activity: 1806
Merit: 1164
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November 13, 2016, 08:06:47 PM |
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Just set your fee manually using https://bitcoinfees.21.co/ as a guide. BTW I just sent from bc.info using advanced send and the suggested fee was reasonable and low. |
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BrannigansLaw (OP)
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November 13, 2016, 08:13:57 PM |
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Just set your fee manually using https://bitcoinfees.21.co/ as a guide. BTW I just sent from bc.info using advanced send and the suggested fee was reasonable and low. ok cool but how do I see how many bytes my transaction will be? I've not sent it yet. |
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Skarner21
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November 13, 2016, 08:29:54 PM |
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Just set your fee manually using https://bitcoinfees.21.co/ as a guide. BTW I just sent from bc.info using advanced send and the suggested fee was reasonable and low. ok cool but how do I see how many bytes my transaction will be? I've not sent it yet. Try to send it and click advance below in description while you are in sending and set your own fee.. like i said i am paying 0.00022 for 0.1 btc so i think you can set it 0.0002 for high priority.. and maybe it can reduce your recommended fee in blockchain.. |
Make crypto as your bank.
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steven0021
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November 13, 2016, 08:31:18 PM |
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Just set your fee manually using https://bitcoinfees.21.co/ as a guide. BTW I just sent from bc.info using advanced send and the suggested fee was reasonable and low. ok cool but how do I see how many bytes my transaction will be? I've not sent it yet. IIRC you can't. BC.I doesn't let you see the full preview of your tx, or set a fee per kb manually. It does tell you the estimated confirmation time (which is not very reliable) when you change the fee. |
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SmartIphone
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Activity: 1204
Merit: 1000
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November 13, 2016, 08:45:05 PM |
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I've not sent anything from my blockchain wallet in a long time, but upon deciding to cash out I niotice a $2+ recommended fee. wtf? why is this?
Don't use the recommended fee if they are really high, I have seen people making transactions that have a value of million of dollars and pay only $0.0x. Based on the last block the transaction has paid from 0.0001 to 0.0002 for a transaction that has average size <225 Bytes. |
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SmartIphone
Legendary
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Activity: 1204
Merit: 1000
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November 13, 2016, 09:01:22 PM |
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Just check your transaction size and you will conclude that it will be very hard for this tx to get confirmed. You have many inputs which caused the transaction size to be Size : 7437 (bytes) |
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CasinoBetGame
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November 13, 2016, 10:38:46 PM |
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you can setting about fee
you can set minimum fee sending, but this send inrcaese bitcoin so sending fee up and incrase too
minium sending fee in blockchain 15k satoshi but can inraese if sending much bitcoin
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BrannigansLaw (OP)
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November 13, 2016, 11:08:48 PM |
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Just check your transaction size and you will conclude that it will be very hard for this tx to get confirmed. You have many inputs which caused the transaction size to be Size : 7437 (bytes) bah so thats $40 down the toilet? does say 'medium' priority' |
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Herbert2020
Legendary
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Activity: 1946
Merit: 1137
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November 14, 2016, 08:13:58 AM |
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Just check your transaction size and you will conclude that it will be very hard for this tx to get confirmed. You have many inputs which caused the transaction size to be Size : 7437 (bytes) bah so thats $40 down the toilet? does say 'medium' priority' you got lucky that your transaction was confirmed with such a low fee of 0.00022 BTC while having 7437 (bytes) because it is an extremely low amount of fee for a big transaction like yours which has 41 inputs! read this site: http://bitcoinfees.21.co/it has some good information about fees and how they are calculated based on the size of your transaction. oh and by the way the 'medium' priority' that blockchain.info gives you is usually a bad estimate. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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mrcash02
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November 14, 2016, 03:56:28 PM |
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I know how you feel... The fees there are high. I made a 0.002 BTC transaction and had to paid at least 11.000 satoshis fee with the estimated complete time in 60 minutes. I tried to reduce more the fee, but it didn't let me, said the fee was very low and insufficient to complete the transaction. So, we don't have a way to pay lower fees...  |
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dustboy
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November 15, 2016, 03:37:22 AM |
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I know how you feel... The fees there are high. I made a 0.002 BTC transaction and had to paid at least 11.000 satoshis fee with the estimated complete time in 60 minutes. I tried to reduce more the fee, but it didn't let me, said the fee was very low and insufficient to complete the transaction. So, we don't have a way to pay lower fees... The fees recommended by blockchain is always based on the total size of your transaction. Higher transaction size = higher fees, so it is not based on how much btc you are going to send. If you want lower fee then your transaction will be on medium priority. Perhaps you should move to xapo wallet if you want to avoid fees. |
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CryptoDatabase
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Activity: 1596
Merit: 1003
https://cryptodatabase.net
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November 15, 2016, 03:41:13 AM |
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You can avoid really high fees like that by consolidating all of your coins into one address. Think of it like transferring money between banks.
You have $1 at Bank A, $30 at Bank B, $0.50 at Bank C, so on and so on. It would be reasonable to expect to have to pay more to transfer a set amount that uses each bank in sequence to send it compared to only 1 bank having to send it.
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erikalui
Legendary
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Activity: 2632
Merit: 1094
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November 15, 2016, 03:20:28 PM |
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On an amount as small as $32.6, I was recommended a 0.002 BTC fee but I adjusted it to 0.0001 and it got confirmed after 2 hours. The wallet does say that the transaction might never get confirmed with the small fee but it does get confirmed soon and hence just accept the notification that pops up (continue with the current fee) and send the coins.
Is there any method to say the fixed fee to avoid entering the amount everytime I send coins via blockchain?
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mrcash02
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November 15, 2016, 08:23:48 PM |
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I know how you feel... The fees there are high. I made a 0.002 BTC transaction and had to paid at least 11.000 satoshis fee with the estimated complete time in 60 minutes. I tried to reduce more the fee, but it didn't let me, said the fee was very low and insufficient to complete the transaction. So, we don't have a way to pay lower fees... The fees recommended by blockchain is always based on the total size of your transaction. Higher transaction size = higher fees, so it is not based on how much btc you are going to send. If you want lower fee then your transaction will be on medium priority. Perhaps you should move to xapo wallet if you want to avoid fees. Xapo is more complicated to use. How do I change the transaction priority to medium for an example? I usually don't want fast transactions, because I don't need it, I just want to pay lower fees. |
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erikalui
Legendary
Offline
Activity: 2632
Merit: 1094
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November 15, 2016, 08:34:44 PM |
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I know how you feel... The fees there are high. I made a 0.002 BTC transaction and had to paid at least 11.000 satoshis fee with the estimated complete time in 60 minutes. I tried to reduce more the fee, but it didn't let me, said the fee was very low and insufficient to complete the transaction. So, we don't have a way to pay lower fees... The fees recommended by blockchain is always based on the total size of your transaction. Higher transaction size = higher fees, so it is not based on how much btc you are going to send. If you want lower fee then your transaction will be on medium priority. Perhaps you should move to xapo wallet if you want to avoid fees. Xapo is more complicated to use. How do I change the transaction priority to medium for an example? I usually don't want fast transactions, because I don't need it, I just want to pay lower fees. Why would you need to pay lower fees with Xapo when Xapo pays the fee on your behalf? It doesn't have an option to prioritize your transaction unlike blockchain as Xapo is like a bank and not just a wallet. |
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mrcash02
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November 15, 2016, 08:45:11 PM |
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I know how you feel... The fees there are high. I made a 0.002 BTC transaction and had to paid at least 11.000 satoshis fee with the estimated complete time in 60 minutes. I tried to reduce more the fee, but it didn't let me, said the fee was very low and insufficient to complete the transaction. So, we don't have a way to pay lower fees... The fees recommended by blockchain is always based on the total size of your transaction. Higher transaction size = higher fees, so it is not based on how much btc you are going to send. If you want lower fee then your transaction will be on medium priority. Perhaps you should move to xapo wallet if you want to avoid fees. Xapo is more complicated to use. How do I change the transaction priority to medium for an example? I usually don't want fast transactions, because I don't need it, I just want to pay lower fees. Why would you need to pay lower fees with Xapo when Xapo pays the fee on your behalf? It doesn't have an option to prioritize your transaction unlike blockchain as Xapo is like a bank and not just a wallet. I'm talking about Blockchain.info, how do I lower the transaction priority there? Even they don't take fees, I don't want to use Xapo, they are asking for personal informations, I don't want to give it them. |
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