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Eletrum fees insane high?!
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Topic: Eletrum fees insane high?! (Read 218 times)
inv3st0r
(OP)
Newbie
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Activity: 1
Merit: 0
Eletrum fees insane high?!
December 08, 2017, 11:39:13 AM
#1
hello, in electrum cheapest fee would be 0.00127283 BTC. How can this be? and can I get my coins with the seed to another cheaper wallet?
See picture:
https://www.pic-upload.de/view-34434591/screenshot2017-12-08um12.30.49.png.html
asdlolciterquit
Hero Member
Offline
Activity: 1666
Merit: 565
Re: Eletrum fees insane high?!
December 08, 2017, 12:12:45 PM
#2
Quote from: inv3st0r on December 08, 2017, 11:39:13 AM
hello, in electrum cheapest fee would be 0.00127283 BTC. How can this be? and can I get my coins with the seed to another cheaper wallet?
See picture:
https://www.pic-upload.de/view-34434591/screenshot2017-12-08um12.30.49.png.html
i don't think is (only?) electrum fault. Now btc fees are very high, is a real well known problem. Are you sure you can't adjust the fees with an lowest values?
bob123
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Re: Eletrum fees insane high?!
December 10, 2017, 01:20:32 PM
#3
This has nothing to do with electrum at all. Especially since you can set custom fees..
I would really recommend to read this:
https://en.bitcoin.it/wiki/Help:Introduction
and/or this:
https://en.bitcoin.it/wiki/Transaction_fees
The network is congested at the moment (with yesterday ~200k and today 100k transaction waiting to get confirmed).
You can estimate an appropriate fee to get your transaction confirmed within a specific timeframe here:
https://bitcoinfees.earn.com/
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TryNinja
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Activity: 2926
Merit: 7363
Re: Eletrum fees insane high?!
December 10, 2017, 03:10:30 PM
#4
Like others said, Electrum is only recommending a fee based on the network load. If you are not in a hurry and still want to pay way lower than the recommended, you can manually edit your fee. And it looks like you already have the "Edit fees manually" enabled. So you can click in the fee textbox and lower the fee for the amount you want to pay (be ready to wait if you do this).
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