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Author Topic: Bitcoine offline wallet and payment fee  (Read 1367 times)
bikerleszno
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April 01, 2017, 05:47:08 PM
 #1

Hello,

Can anyone tell me is there any offline wallet where i can setup fee which i want ?
I have Multibit currently and maximum fee is 0.005 btc
I need wallet where i can export my wallets from Multibit and if i want to sent btc i want to setup fee higher than 0.005 btc.

Anyone can help quick ?

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April 01, 2017, 06:10:59 PM
 #2

Whats the reason why you want to have a wallet that has customizable fee with more than 0.005 btc, even 0.005 is already high enough for a transaction fee. That's not necessary to have huge TX fee, you only need to base your fee with this site bitcoinfees.21.co(I know you knew it already) but even you have to send huge amount of btc just follow that site and use viabtc accelarator to push your transaction fee.

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April 01, 2017, 06:14:47 PM
 #3

I don't understand why would you need to pay fees more than 0.005BTC unless you're going to pay to many address. But, Electrum let you set tx fees manually (static fees) or use their dynamic fees with few additional option. You can set the fees at Tools > Preferences > Fees.
Furthermore, it lets you send/pay bitcoin to many address and you can use CSV file as well.

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April 01, 2017, 06:17:20 PM
 #4

I have Multbit 0.5.18. Max i can setup 0.005 btc. I want to make it higher because i have plenty of small transaction and if i want to send one bigger it will stuck because of too small fee. Please give me any info how to change this fee to higher ? Sad

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April 01, 2017, 07:46:59 PM
 #5

Bitcoin Core is an offline wallet where you can do this. It is widely used and has good official documentation.

But desktop wallets are not the only offline wallets. There are HW wallets too where you can execute transactions with higher fee.


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April 02, 2017, 02:15:18 AM
 #6

I have Multbit 0.5.18. Max i can setup 0.005 btc. I want to make it higher because i have plenty of small transaction and if i want to send one bigger it will stuck because of too small fee. Please give me any info how to change this fee to higher ? Sad
My suggestion is to stop looking at the Total fee value... and make sure you calculate the fee based on the actual transaction size. If you make sure you are calculating a decent satoshi per byte (or satoshi per kilobyte) value then you should have no problem getting the transaction to confirm.

To answer your original question... Electrum can work offline, is lightweight (so you wont need to download the whole blockhain) and I think it should be able to import Multibit seeds. By default it uses a dynamic fee, but if you go into the settings you can change it to manual to specify whatever fee you like. Having said that, the dynamic fee it will suggest will be based on transaction size, so should be "decent".

Sounds like you're trying to consolidate some "dust"... kudos for actually taking the time to try and get the fee right so it doesn't get stuck!  Cool

One last tip, if you can wait and dont need the coins urgently moved, is to wait until the unconfirmed transaction count in the mempool is very low (at the time of writing it is only around 3000)... and send the transaction then Wink

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April 02, 2017, 02:41:45 AM
 #7

You can use electrum desktop or mobile wallet that allow you to set up custom fee per kb of transaction and i don't think they have maximum limit in fees. If you are concerned about transaction getting stucked than you dont have to worry about it with electrum because they have dynamic fee.

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April 02, 2017, 03:00:46 AM
 #8

You can try to learn how to use the Coinb.in to creat new transaction with the amount of fee you want. When you are happy, just sign and broadcast it... With very low fee it might take a very long time to get confirmed. However, I send a tx with fee as low as 0.3Sat/byte and confirmed in 15 hours...
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April 02, 2017, 03:16:45 AM
 #9

Hello,

Can anyone tell me is there any offline wallet where i can setup fee which i want ?
I have Multibit currently and maximum fee is 0.005 btc
I need wallet where i can export my wallets from Multibit and if i want to sent btc i want to setup fee higher than 0.005 btc.

Anyone can help quick ?

Since you specifically want offline wallet then look no further than Bitcoin core itself where you can set your fees else I would have suggested you try any of the online wallets like coinbase who charge almost half a dollar per transaction and it's fairly quick.



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April 02, 2017, 08:30:38 AM
 #10

Hello,

Can anyone tell me is there any offline wallet where i can setup fee which i want ?
I have Multibit currently and maximum fee is 0.005 btc
I need wallet where i can export my wallets from Multibit and if i want to sent btc i want to setup fee higher than 0.005 btc.

Anyone can help quick ?
Im using electrum wallet.You can set your fees manually in it.At first,the fees was around 0.0003 btc.But since there was a huge delay in transactions,i changed my fees setup to 0.0008 btc and now my transactions get processed quickly.
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April 02, 2017, 08:43:37 AM
 #11

Hello,

Can anyone tell me is there any offline wallet where i can setup fee which i want ?
I have Multibit currently and maximum fee is 0.005 btc
I need wallet where i can export my wallets from Multibit and if i want to sent btc i want to setup fee higher than 0.005 btc.

Anyone can help quick ?
Im using electrum wallet.You can set your fees manually in it.At first,the fees was around 0.0003 btc.But since there was a huge delay in transactions,i changed my fees setup to 0.0008 btc and now my transactions get processed quickly.

You shouldn't be paying flat fees. Paying x satoshis per byte of your transaction instead of a flat fee will make it faster and more cost efficient for small transactions.
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April 02, 2017, 08:53:45 AM
 #12

Hello,

Can anyone tell me is there any offline wallet where i can setup fee which i want ?
I have Multibit currently and maximum fee is 0.005 btc
I need wallet where i can export my wallets from Multibit and if i want to sent btc i want to setup fee higher than 0.005 btc.

Anyone can help quick ?
Im using electrum wallet.You can set your fees manually in it.At first,the fees was around 0.0003 btc.But since there was a huge delay in transactions,i changed my fees setup to 0.0008 btc and now my transactions get processed quickly.


Even in online wallet also you can you can set the low fees in for each and every transaction. Fees you mentioned seems to so high and its 35%  of the amount of the transaction. No any wallet consumes this much fees. We can set a low fees and wait for 2 hours and more instead of this much fees.

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April 02, 2017, 09:09:09 AM
 #13

Every transactions we have online deserves to have payment fee, because it's part of the business they have in the wallet system whether online or offline. I don't really care how much amount it has with the fee because it's so small amount and we can really afford to pay it.

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April 02, 2017, 12:02:14 PM
 #14

You can use electrum desktop or mobile wallet that allow you to set up custom fee per kb of transaction and i don't think they have maximum limit in fees. If you are concerned about transaction getting stucked than you dont have to worry about it with electrum because they have dynamic fee.
Yes electrum is so nice the fee you can set up i used electrum in mobile wallet its better than blockchain wallet and the transaction is so fast also. You can send amount what u want in the fee is not is not more expensive.


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April 02, 2017, 01:04:46 PM
 #15

Hello,

Can anyone tell me is there any offline wallet where i can setup fee which i want ?
Try to use electrum wallet or the core wallet. But if you're completely newbie and electrum will be a recommended wallet for you, dude.
I have Multibit currently and maximum fee is 0.005 btc
I need wallet where i can export my wallets from Multibit and if i want to sent btc i want to setup fee higher than 0.005 btc.

Anyone can help quick ?
Just try to import your private key use bitcoin-qt wallet. I hope that link will be useful for you.
http://bitcoin.stackexchange.com/questions/20174/export-wallet-from-multibit-to-electrum

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April 02, 2017, 01:13:09 PM
 #16

Bitcoin Core is an offline wallet where you can do this. It is widely used and has good official documentation.

But desktop wallets are not the only offline wallets. There are HW wallets too where you can execute transactions with higher fee.
It's not realistic for everyone to download Bitcoin Core.  It requires a lot of space and upkeep.  The OP's best choice is probably to get the less simplified Electrum.

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April 05, 2017, 05:53:40 PM
 #17

Bitcoin Core is an offline wallet where you can do this. It is widely used and has good official documentation.

But desktop wallets are not the only offline wallets. There are HW wallets too where you can execute transactions with higher fee.
I personally don’t like to use offline wallets because I think keeping my own private key on my personal computer has more risks than just keeping them on an online wallet, the fact that I use my computer to browse the internet makes vulnerable to malwares and hacks which could potentially make me lose all my bitcoin, but keeping them on online wallets on a server seems less risky.


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April 05, 2017, 07:21:09 PM
 #18

You can just use a Electrum wallet and then transfer your coins to a new Bitcoin address or just sweep it to the new wallet. I use Tails and a

Persistent volume, where Electrum is built into the operating system, so I do not have to install it onto my normal OS. You can boot with Tails

from a DVD or a memory stick and that is very convenient.  Grin

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April 06, 2017, 11:02:00 AM
 #19

Yep Electrum would be good for you, give it a try when you have some time as with it you can choose yourself the transaction fees manually. And i agree with what others members are saying, 0.005 is already pretty high fees for a transaction, why do you want to have the possibiity to pay more than that?

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April 06, 2017, 11:26:17 AM
 #20

If you can afford it's big size, then bitcoin core is a very good offline wallet but if you can't then i recommend trying electrum as you can set the fee manually. You should calculate fee per byte and i agree with everyone that 0.005 is already a big amount for transaction fee.

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