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Author Topic: how to send 1000 satoshi payment?  (Read 5178 times)
Tamim121
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October 21, 2017, 03:54:43 AM
 #41

What's the easiest way to send small 1000 satoshi payment?
You can't payment 1000 satoshi because it's a little bit amount. Firstly you need to compare with the fee. You need more amount for payment. Thank you

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Suzobo
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October 22, 2017, 07:52:33 AM
 #42

I think ,you cant send 1000 satoshi
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October 22, 2017, 11:50:21 AM
 #43

Depends on the wallet.

Bitcoin core wallet: https://github.com/bitcoin/bitcoin/blob/aa624b61c928295c27ffbb4d27be582f5aa31b56/src/policy/policy.cpp

Comments, lines 20-33:
Quote
"Dust" is defined in terms of dustRelayFee, which has units satoshis-per-kilobyte. If you'd pay more in fees than the value of the output to spend something, then we consider it dust. A typical spendable non-segwit txout is 34 bytes big, and will need a CTxIn of at least 148 bytes to spend: so dust is a spendable txout less than 182*dustRelayFee/1000 (in satoshis). 546 satoshis at the default rate of 3000 sat/kB. A typical spendable segwit txout is 31 bytes big, and will need a CTxIn of at least 67 bytes to spend: so dust is a spendable txout less than 98*dustRelayFee/1000 (in satoshis). 294 satoshis at the default rate of 3000 sat/kB.

In earlier versions I think this was 10x more, so its recently updated. Lightning might change it again.
Virtual miner
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October 22, 2017, 04:57:46 PM
 #44

It depends on which wallet you use.
I think there is no diffrence between sending 1000 satoshi or 1000 bitcoin. Just better to use other cryptocurrencies (if possible) to avoid high transaction fee
Yes for sending around 1000 satoshi the fees will be of around $0.5. I think its a big demerit of bitcoin that we cannot send small payments to someone. Only a few private key wallets allow such small transfers you cant even think of transferring such small amounts on third party wallets.
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October 23, 2017, 12:40:34 AM
 #45

useless like you have seen in posts, fee is to high for such small tx

LordShanken
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October 23, 2017, 02:09:14 AM
 #46

useless like you have seen in posts, fee is to high for such small tx

Theoretically, this is possible by using micropayments service. However, the condition is that these small amounts have to be collected at the address registered in this service. They have minimum that have to be collected, when you reach the minimum limit, they send it with bunch of other little transactions.

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October 23, 2017, 10:27:45 AM
 #47

What's the easiest way to send small 1000 satoshi payment?

i think its impossible send a bitcoin with that said fee not unless you use some  kind of transaction accelerator service like viabtc.com but again your still gonna pay in order for them to accelerate your transaction or you can just use altcoin like dogecoin and litecoin because they tend to have a lesser fee on transaction and also there were some  coins that offers a zero fees  like xrb.
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October 23, 2017, 11:11:28 AM
 #48

useless like you have seen in posts, fee is to high for such small tx

Theoretically, this is possible by using micropayments service. However, the condition is that these small amounts have to be collected at the address registered in this service. They have minimum that have to be collected, when you reach the minimum limit, they send it with bunch of other little transactions.

Yes this is right since the payment is hardly it is combined with the other transactions and then sent out the payment. Actually now I have stopped sending any such transactions as the price of btc is rising the fee is actually getting much bigger than the actual send out at times. Also on LB you can transfer internally for free one of the options.

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Dextroboy
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October 23, 2017, 12:13:54 PM
 #49

What's the easiest way to send small 1000 satoshi payment?
No
Its Not Possible
The Minimum Transaction Is 10000 Satoshi
Back On 2016 You Still Can Do Transaction Below 10K Satoshi
But Its Changed At Q4 2016

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October 24, 2017, 12:42:13 AM
 #50

Hy mate, so what you pay with 1000 sathosi?? I think you will lost in transaction fee more than the amount you send.
But if you wish send it because some reason, you must have a ten time of that amount only for fee.

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btcpepa04
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October 24, 2017, 05:00:06 AM
 #51

you need to pay fee transaction less than 6500 satoshi

SirVeillance
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October 24, 2017, 07:13:47 PM
 #52

don't want to repeat the others - if you want to us so small amounts, it would be better to use alternative coins, there are even concepts especially for tipping. doge is fine, pinkcoin or any other.
probitcrypto
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October 24, 2017, 07:45:44 PM
 #53

It depends on which wallet you use.
I think there is no diffrence between sending 1000 satoshi or 1000 bitcoin. Just better to use other cryptocurrencies (if possible) to avoid high transaction fee
Yes for sending around 1000 satoshi the fees will be of around $0.5. I think its a big demerit of bitcoin that we cannot send small payments to someone. Only a few private key wallets allow such small transfers you cant even think of transferring such small amounts on third party wallets.
Yes you are correct wallets like electrum have the fetcher to set the fees as we wish but the only problem with this method is if you screw up the fees to very low you transaction may be stuck in blockchain for days even weeks...Sad
yes bitcoin has a drawback right now.but when it started or if you go back 4 years earlyer.there you can send small frctons of coins without any problem.
but now it has grownup and creates this problem.
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October 24, 2017, 08:31:34 PM
 #54

I thought 1000 sth is a very small payment and fee is high . so you must try to send more then 1000 so its better
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October 25, 2017, 03:53:18 PM
 #55

You will need to pay a fee that will be higher than the initial transaction amount, probably Sad

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October 25, 2017, 06:34:17 PM
 #56

You will need to pay a fee that will be higher than the initial transaction amount, probably Sad

Not probably but definitely. You would paid up higher fee more than on the amount you are sending.Even on wallets that you can able to set out dynamic fees.Putting up this option cant really be considered.This kind of transactions can be considered as micro but yet current fees on bitcoin transfers would really hurt you a lot.For now better to save up those satoshi of yours and send it later on when you do accumulate sufficient amount so that your fee would really be worth it at all.


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October 26, 2017, 11:51:55 AM
 #57

If you wouldn't mind me asking what is the payment for? Why is it only worth 1000? Anyways it's not really my business to know further about it. Going back to your question I think that is not even possible cause transaction fee for that payment could be higher. I believe there is a minimum amount for sending btc to a different wallet.

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October 26, 2017, 09:10:25 PM
 #58

lol you will pay 100000 fees for sending 1000 sats. I think you better use another crypto currency to avoid the fee.

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October 26, 2017, 09:24:32 PM
 #59

If you wouldn't mind me asking what is the payment for? Why is it only worth 1000? Anyways it's not really my business to know further about it. Going back to your question I think that is not even possible cause transaction fee for that payment could be higher. I believe there is a minimum amount for sending btc to a different wallet.

I know that feeling, was also being very curious about this. Maybe only a test transaction? Who knows.. Tongue
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October 28, 2017, 11:07:22 AM
 #60

I think you can send 1000 satoshi, but the fee will be much higher than the amount you sent.
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