What can I do with roughly $5.00 of BTC on a paper wallet?

[webby101]

Hey guys. I'm new to this. As a test, to get a basic understanding of how paper wallets function, I sent 0.00031768 BTC from Coinbase to a paper wallet. I'd now like to move said funds to an exchange. From what I've seen in order to move it I must pay a network fee which is in the neighborhood of $12.00. Makes no sense for me to add an additional $12.00 in BTC to get the $5.00 out. Are there any other options that I'm unaware of that would get the funds back onto an exchange?

Thanks.

[DannyHamilton]

Pay a smaller fee.

Wait a VERY long time.

Hope it gets confirmed eventually.

[jnano]

Include it as an additional input in a multi-input transaction.

[xYakult]

Hey guys. I'm new to this. As a test, to get a basic understanding of how paper wallets function, I sent 0.00031768 BTC from Coinbase to a paper wallet. I'd now like to move said funds to an exchange. From what I've seen in order to move it I must pay a network fee which is in the neighborhood of $12.00. Makes no sense for me to add an additional $12.00 in BTC to get the $5.00 out. Are there any other options that I'm unaware of that would get the funds back onto an exchange?

Thanks.

You actually have in control on how much you want to pay as miner's fee, with your 31k satoshi, you can send the 30k and the 1k sats will be paid to the miners however the lower the fee, the longer you will have to wait. I will agree to jnano, use the input in a multi-input transaction

[HCP]

Include it as an additional input in a multi-input transaction.

I will agree to jnano, use the input in a multi-input transaction

That is not a good suggestion... each input will add at least 148 bytes to a transaction... given current fees of 400+ sats/byte... it will cost a minimum of 148 * 400 = 59200 sats in fees for EACH input you add to a transaction.

OP's input is only 31768 sats (0.00031768 btc)... sending it will result in a net LOSS of 27432 sats (0.00027432 btc)!!?!

HODL until fee rates drop... or use Danny's suggestion and send with a low fee and wait (for a VERY long time).

[jnano]

He's out of Coinbase already, so if he doesn't mind waiting a bit for confirmation I don't think there's a need to pay 400/byte.