batang_bitcoin
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June 03, 2017, 09:34:44 PM |
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Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap. So, do you use low fees, or always want to get confirmation in a next few blocks?
You seem to have a very low fee for your transaction. So you surely need to wait for a longer time for it before the miners will confirm it but if you are lucky they can include your transaction, it all depends to them. Well I'm using the recommended fees by blockchain.info so mostly it is ranging first at 0.0002 - 0.0007 BTC now.
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Rent this sig space so that BTC goes to $100k.
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bitllionaire
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June 03, 2017, 09:54:50 PM |
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i go for middling fees. i'm not convinced fees that low will ever confirm with things the way there are these days. if i'm buying something then i go for relatively high because i don't want to be waiting around.
I ma using such an exchange where the fee is fixed and if you are going to do any transaction you must have to pay the fee in any case, there you do not have any option to pay fee according to your own wishes.
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radjie
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June 03, 2017, 09:59:01 PM |
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At a low cost I do so because with the value of coins that we have it can save expenses but to confirm it will not be fast with such low cost so it is very different if we spend a higher cost.
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btccashacc
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June 03, 2017, 10:08:26 PM Last edit: June 03, 2017, 10:47:49 PM by btccashacc |
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Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap. So, do you use low fees, or always want to get confirmation in a next few blocks?
You're the most patient person and you did a great job man, when i discovered my old transaction i found out that the fee that we spent it was too high due to recently price so i guess it is a good idea to lowering our fee if we're not in a hurry in order to save those coins for future purpose. Personally I'm not lowering my fee i just convert my bitcoin to altcoins such a doge or litecoin to avoid the fee, if i should send bitcoin directly i increase the fee sometimes we need something fast even though it's expensive.
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Yakamoto
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June 03, 2017, 10:10:55 PM |
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Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap. So, do you use low fees, or always want to get confirmation in a next few blocks?
Hell, I wish I was able to use low fees like that and actually be confident in the ability for the blockchain to process my transaction, but I always have it at least a bit higher than that so that I can sleep knowing that my transaction would have gone through at some point within the next few hours. I don't care about being included in the very next block, but I would prefer it if I had some timely results.
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FasTroy
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June 03, 2017, 10:18:30 PM |
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My bitcoin wallet is XAPO, so I don't have control to set up my own fees. When i sent a transactions xapo make me to choice: Using High priority fee or standard fee. By the way, It's too high, The current standard fee is : 0.00184505 btc and high priority is 0.00325587 btc.
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Argon2
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June 03, 2017, 10:21:44 PM |
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Low RBF first then if confirmation time looks too long replace it.
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Shinpako09
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June 03, 2017, 10:29:13 PM |
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I'm using mycelium wallet and always using normal fee when doing transaction before but now that the price became so high. I often used low-prio that only cost like $2. Normal fee is too much for me it cost almost $4 the last time i made a transaction.
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Amadues
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June 03, 2017, 10:39:58 PM |
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Few hours ago i need to exchange my bitcoins to fiat money.First i send with low fee(3000 satoshi for byte).Now it got stucked in blockchain. I am going to make second other transaction which will be CPFP (child pays for parent) method.This time i will send bitcoins with 30000 satoshis per byte for transaction ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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CARrency
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June 03, 2017, 10:46:30 PM |
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Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap. So, do you use low fees, or always want to get confirmation in a next few blocks?
I think it depends on how the people will be using those bitcoins. If you are Campaign Manager and making a payment for your campaign, it is better if you follow the fee that will make your payment send faster, maybe .001 to .003. If that is just for yourself, just to transafer some coins, How you want to pay it, depends on you, but don't rant if you will be receiving it months to weeks.
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DarkStar_
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June 04, 2017, 01:48:57 AM |
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Few hours ago i need to exchange my bitcoins to fiat money.First i send with low fee(3000 satoshi for byte).Now it got stucked in blockchain. I am going to make second other transaction which will be CPFP (child pays for parent) method.This time i will send bitcoins with 30000 satoshis per byte for transaction ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I'm pretty sure you mean 3k satoshi/kb, as 3k satoshis for every byte is hardly considered a low fee. Your CPFP attempt probably won't work that well as 30k satoshis/kb is still quite low and you'd need another CPFP payment if you expect it to go through. Currently, the recommened fee according to bitcoinfees.21.co is around 90k satoshis/kb, which is triple your new transaction (which you expect to pay for 2 transactions).
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taking a break - expect delayed responses
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stomachgrowls
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June 04, 2017, 01:53:59 AM |
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Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap. So, do you use low fees, or always want to get confirmation in a next few blocks?
Depending on the situation because there are transactions which do really need it to confirm fast specially on my important transactions which i do need to set medium-high fees but there are times i do really set low fees and same as yours i dont mind if it would confirm long because those bitcoins are solely for saving for future as long im sure it wont be cancelled then it should be fine. Fees now are really horrible when you do really like to fasten it up.
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jeraldskie11
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June 04, 2017, 02:06:59 AM |
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Honestly,I'm not using low fees because I need money in that time when I withdraw on it or I need used it for a very short time when I deposit on it. So it depends on the situation when you are using low fees or normal fees on the transaction you made.
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Lecam
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June 04, 2017, 02:07:26 AM |
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Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap. So, do you use low fees, or always want to get confirmation in a next few blocks?
Like you, I used to pay nothing or "free" when sending btc, i dont send low amount of btc which really need to pay transaction fee when doing low amount transactions. And sometimes i used to convert it first at fiat then send it to other people as payment. I prefer to wait than pay large amount of btc as transaction fee, i feel that im wasting my money on that, but sometimes if im in a rush, i only think about it as tax on my income.
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Kupid002
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June 04, 2017, 02:36:59 AM |
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Honestly,I'm not using low fees because I need money in that time when I withdraw on it or I need used it for a very short time when I deposit on it. So it depends on the situation when you are using low fees or normal fees on the transaction you made.
Same as me I use medium fee so i will recieve it not fast but i will not wait for a week before it will confirm. The OP suggestions is good just to stock some btc in your wallet before you will use it so your not in a rush when the time you need it.
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cpfreeplz
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June 04, 2017, 02:46:37 AM |
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If I'm sending coins to my own wallet this would make sense. Who cares how long it would take to confirm, as long as it's at some point. The issue is when people try to mix coins or they're sending money to someone else they don't pay enough and it really screws things up.
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sobsitesearch
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June 04, 2017, 02:50:29 AM |
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If I'm sending coins to my own wallet this would make sense. Who cares how long it would take to confirm, as long as it's at some point. The issue is when people try to mix coins or they're sending money to someone else they don't pay enough and it really screws things up.
Most of the users are using low fee for sending fund, we do not like to pay for higher fee because we know that there is a traffic in the blockchain even low fees or higher fees it depends on the wallet you are using.
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SingAlong
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June 04, 2017, 02:58:46 AM |
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I really depends on how badly I need that Bitcoin. If it can wait then I'll for the lower fees but if I need it really then I'll go for the higher fees. The thing is if you use high fees you should take advantage of it not by sending small amounts but large ones. Think of how much money you need to send overall so you will not be repeating sending again if you can just send it in one go. The unconfirmed transactions in the blockchain is declining and I hope this will continue and Bitcoin to come back from what it was.
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TastyChillySauce00
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June 04, 2017, 03:05:55 AM |
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If I'm sending coins to my own wallet this would make sense. Who cares how long it would take to confirm, as long as it's at some point. The issue is when people try to mix coins or they're sending money to someone else they don't pay enough and it really screws things up.
Most of the users are using low fee for sending fund, we do not like to pay for higher fee because we know that there is a traffic in the blockchain even low fees or higher fees it depends on the wallet you are using. That's bullshit and you're really wrong. The type of wallet doesn't AFFECT the speed of a transaction. It's all the fee which always be the factor of how fast a transaction could be confirmed. Rest assured, when you're using low fee and far below the current recommendation, it doesn't matter whether your wallet is premium or platinum, your transaction will have a big possibilities to be rejected by the network.
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voltesbit777
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June 04, 2017, 03:41:25 AM |
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Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap. So, do you use low fees, or always want to get confirmation in a next few blocks?
Most of the time to those community who use low fees the confirmation is always delayed before it transfer to the wallet, Where we want to put in. So In my part I'm not using low fees because my experience was it takes 3 days before it confirms.
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