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May 25, 2017, 04:49:25 AM |
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I just recently sent some BTC from a wallet to cold storage, and it pulled the BTC from 3 different wallet address in order to get the amount I wanted to send. The total transaction size showed 668 bytes, roughly 3 times the typical size. Because of this, the fee I paid was over $4.
Is it normal that each wallet address that BTC is pulled from adds approx. 220 bytes to the transaction size?
I know that new wallet addresses are often generated for each deposit for privacy/security reasons, but from a fee standpoint wouldn't it cost a lot less to reuse a wallet address more than once? This way, when money is sent from the wallet it's less likely to need to pull from so many addresses?
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