Electrum wallet. Will transaction with low fee would be replace with bigger fee?

[dossantosleite]

Hello,

Question for electrum wallet users.

It's an example.

I make $100 transaction and chose very low fee and TICK on replacable option.
My transaction not getting confirms in few hours.
Can I make another same transaction with much bigger fee in order to replace the previous one and make it confirm?

Would it happen ?

[1715279561]

1715279561

[1715279561]

1715279561

[1715279561]

1715279561

[1715279561]

1715279561

[Nagadota]

With Bitcoin Core, it's called replace-by-fee and it is possible.  As far as I know, you can't do it on Electrum or most other wallets that don't run full nodes, but I could be wrong on that.

[Sniper44]

^^ you are wrong because electrum is one of those wallets that has the option to replace by fee. and i have recently done one. http://docs.electrum.org/en/latest/faq.html

although don't expect your transaction to be replaced all over the network. the problem is that many nodes don't recognize RBF so they will ignore it and see it as double spend and keep your original transaction.

my experience was that it was successful because the miner picked up my higher fee tx fast and that is the only thing that matters.

and by the way you don't have to make another transaction, electrum is so user friendly about it. go to your history tab and click on the transaction and choose increase fee. easy!

[dossantosleite]

^^ you are wrong because electrum is one of those wallets that has the option to replace by fee. and i have recently done one. http://docs.electrum.org/en/latest/faq.html

although don't expect your transaction to be replaced all over the network. the problem is that many nodes don't recognize RBF so they will ignore it and see it as double spend and keep your original transaction.

my experience was that it was successful because the miner picked up my higher fee tx fast and that is the only thing that matters.

and by the way you don't have to make another transaction, electrum is so user friendly about it. go to your history tab and click on the transaction and choose increase fee. easy!

So to make it successful I need to put much bigger fee, so the chance of success would be high. right ?

[kolloh]

^^ you are wrong because electrum is one of those wallets that has the option to replace by fee. and i have recently done one. http://docs.electrum.org/en/latest/faq.html

although don't expect your transaction to be replaced all over the network. the problem is that many nodes don't recognize RBF so they will ignore it and see it as double spend and keep your original transaction.

my experience was that it was successful because the miner picked up my higher fee tx fast and that is the only thing that matters.

and by the way you don't have to make another transaction, electrum is so user friendly about it. go to your history tab and click on the transaction and choose increase fee. easy!

So to make it successful I need to put much bigger fee, so the chance of success would be high. right ?

Correct, using a bigger fee would cause the miners to pick up the transaction. You just need to ensure you are using a proper sized fee. https://bitcoinfees.21.co is a pretty good site to see what the recommended level of fees are.