Blockchain.info - Really high fees?

[sunsilk]

This thread created last April 21 when the lightning is yet to come. And I've seen now the fee on blockchain.info has decreased.

It's now at $0.08, yes that's lesser than a quarter and many of us want it that way.

The biggest fee that I paid with them is $20, I guess.

[Slark]

Once and for all - please understand that sending bitcoins is not free - this is not a decentralized payment method.
Someone has to process your transaction - and as you can imagine - no one will do it for free.
No fee - online wallets which used to exist in the past spoiled people, who believe that high bitcoin fees are linked to some kind of additional fee - which is totally untrue.

[hafez74]

SO if We use from Electrum , it`s fee is very very normal and low Huh or this site follows Blockchain rules too ?

what we shold do now?

please help me

[passwordnow]

SO if We use from Electrum , it`s fee is very very normal and low Huh or this site follows Blockchain rules too ?

what we shold do now?

please help me

Electrum also charging higher fee than blockchain.info. I'm using electrum but only for storing some of my bitcoin as I like it as an easy wallet to use and I've got the private keys. They are just following the fees through here https://bitcoinfees.earn.com/ so if the fee is quite high, try to check that out as it recommends the fee that should be able to confirm our transactions.

[SureLockLoans]

I tend to find blockchain.info wallets interface very buggy with transaction fees quite often it does it too low so it takes days to confirm or it goes very high.

[Zocadas]

I have a little amount in my blockchain.info wallet, but couldn't get out because fees are higher, than my funds. Thanks to forum infos here, I simply can "export" my funds. Will never use blockchain again.
Of courss fees must be paid. That is neccessary, but they are exorbitant on blockchain in my opinion or there is a bug on calculator.
To be honest. Maybe the size of my funds is too high. Will see, what's the issue.

[Potato Chips]

I have a little amount in my blockchain.info wallet, but couldn't get out because fees are higher, than my funds. Thanks to forum infos here, I simply can "export" my funds. Will never use blockchain again.
Of courss fees must be paid. That is neccessary, but they are exorbitant on blockchain in my opinion or there is a bug on calculator.
To be honest. Maybe the size of my funds is too high. Will see, what's the issue.

Well the miner fee depends on how large a transaction is as well as the current network condition so most probably yes you just have too many inputs. You can edit your fees manually on blockchain.info so you can ignore their far from accurate fee estimation and edit it manually. If you have too many inputs, use transaction accelerator services like this one https://www.antpool.com/user/prioritiseTransaction.htm?m=savePrioritiseTx, It even accelerated a no miner fee transaction although its not advisable to do the same. Just set your miner fee to a minimum of 10K sats per KB so you can also use viabtc

[jossiel]

I tend to find blockchain.info wallets interface very buggy with transaction fees quite often it does it too low so it takes days to confirm or it goes very high.

Buggy in with transaction fees? I don't think they are dependent with https://bitcoinfees.earn.com/ and you have to understand that's the fee for the miners.

And when you'll send someone make sure that you can avail that fee or if not you can wait for some more fluctuation and pay it accordingly.

There's no bug in it and if you don't want to wait for a day or more pay the higher fee so that your transaction will be prioritized and if not you can find those people that are offering acceleration for free.

[dunfida]

I have a little amount in my blockchain.info wallet, but couldn't get out because fees are higher, than my funds. Thanks to forum infos here, I simply can "export" my funds. Will never use blockchain again.
Of courss fees must be paid. That is neccessary, but they are exorbitant on blockchain in my opinion or there is a bug on calculator.
To be honest. Maybe the size of my funds is too high. Will see, what's the issue.

Well the miner fee depends on how large a transaction is as well as the current network condition so most probably yes you just have too many inputs. You can edit your fees manually on blockchain.info so you can ignore their far from accurate fee estimation and edit it manually. If you have too many inputs, use transaction accelerator services like this one https://www.antpool.com/user/prioritiseTransaction.htm?m=savePrioritiseTx, It even accelerated a no miner fee transaction although its not advisable to do the same. Just set your miner fee to a minimum of 10K sats per KB so you can also use viabtc

Fees would not totally depend on how much amount you do transact because if you do send small or big its just the same as long the correspond fee is already met. Sending or free as of these days do really hurts a lot specially for those people who do make micro and active transactions and speaking on blockchain wallet you can eventually edit the fees since the one putted there is the default one but yet if you do accept to wait for longer then you can lower it but don't tend to make it very low if you don't like to stuck for days specially network now is clogging up.

[blockman]

SO if We use from Electrum , it`s fee is very very normal and low Huh or this site follows Blockchain rules too ?

what we shold do now?

please help me

I have an electrum wallet and do trades with my some of my bitcoins there but the thing on electrum. I only trust it's security but with it's fee it's higher than blockchain.info. If you want to have some lower fees, you can go with blockchain.info this is the web wallet that I've known so far that is even more charging lower fees. You can also set the fee on your transaction if you want to pay lower fee but expect that it will take a lot of time so make sure that you don't need it on a rush.

[antonio2234]

haha, look at this funny!

[reflector]

haha, look at this funny!

But this not true and I am sure with that. We have to get the bitcoin transacted from one wallet to another with 0.0003btc alone not a 0.03 btc. You are completely stupid with this image.
However, I too have found some funds still left over in my wallet itself I cannot use that fund to transfer from that wallet it seems that is reason I hate the blockchain wallet. Then recently I swapped to use the Coinbase and electrum to have the btc funds. I expect the blockchain team recover this fees and fund staging issue in the wallet.

[Potato Chips]

haha, look at this funny!

But this not true and I am sure with that. We have to get the bitcoin transacted from one wallet to another with 0.0003btc alone not a 0.03 btc. You are completely stupid with this image.
However, I too have found some funds still left over in my wallet itself I cannot use that fund to transfer from that wallet it seems that is reason I hate the blockchain wallet. Then recently I swapped to use the Coinbase and electrum to have the btc funds. I expect the blockchain team recover this fees and fund staging issue in the wallet.

Where did you get the idea that 0.0003btc is enough without seeing how many inputs will his transaction have? Because imo have you looked at the current network condition? It's really clogged up right now (200K+ unconfirmed transactions) as a result miner fees will be much higher than usual and whats more if op's transaction has a bigger size (many inputs)?

Here are the current recommended fees

Which fee should I use?
The fastest and cheapest transaction fee is currently 450 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 101,700 satoshis.

Current best transaction fees
470 Satoshis/byte | 0.0047 BTC/KB

And why are you asking blockchain.info to recover your fees? Sorry but are you informed that it doesn't go to blockchain.info? as it goes to the miner who included your transaction in a block

[wisdomabioye]

This thread really saved me a lot - time and money. I wanted to transfer $39 worth of Bitcoin with an unbelievable charges of $14 using Blockchain but I ended up using a lower charges of $4 using the information I found on https://bitcoinfees.earn.com/ as guide.