Transaction unconfirmed, why ?

[Oshiage]

Hello everybody !

I'm new in the bitcoin system. I did a transaction few hours ago today but my transaction is still unconfirmed :

TX : 94804b1e6c9cab0caa8e9e96f9255a2eb83b1db492df9cbe86c7a9942d0c154d

This is the first time it's happening to me, could you help me ? Wil I receive my fund one day ? Can I cancel ?

Thank you very much  

[OmegaStarScream]

You paid low fees, lower then the recommended ones. The mempool doesn't have much transactions so your TX should get confirmed within the next few hours.
EDIT: the recommended fees just went low, so yeah, It shouldn't take long.

[TryNinja]

We had a quick spike of unconfirmed transactions with fee higher than yours. But it was a few blocks thing. I'm pretty sure your transaction will be confirmed soon.

[Oshiage]

Thank you guys for your quick answers, it's very kind from you !

I made that transaction with my Ledger nano S, I just click on the "standard fees" as they say..
Next time I think I'll add more fees than the "standard" 

[Initscri]

Thank you guys for your quick answers, it's very kind from you !

I made that transaction with my Ledger nano S, I just click on the "standard fees" as they say..
Next time I think I'll add more fees than the "standard" 

You can maybe contact Ledger and see why it defaulted to such low fees.

Otherwise, yeah only way around it would be to define the fees higher next time manually.

Nonetheless: https://www.blockchain.com/btc/tx/94804b1e6c9cab0caa8e9e96f9255a2eb83b1db492df9cbe86c7a9942d0c154d
It looks like it eventually confirmed.

[Oshiage]

Perfect, after some hours of waiting, it worked !
Thanks guys 

[Theb]

Perfect, after some hours of waiting, it worked !
Thanks guys 

Next time if you don't know what you are doing with the network fees you must let your Bitcoin wallet choose the network fee for you. Just like what Electrum has done with its wallet where there is a dynamic fee, Electrum is the one who automatically choose what network fee is optimal for your transaction during that time. Do not be afraid on enabling the dynamic fees turned on that it will give you high transaction fee it will always just set you with the most adequate cost for that transaction.

[AdolfinWolf]

Perfect, after some hours of waiting, it worked !
Thanks guys 

Next time if you don't know what you are doing with the network fees you must let your Bitcoin wallet choose the network fee for you. Just like what Electrum has done with its wallet where there is a dynamic fee, Electrum is the one who automatically choose what network fee is optimal for your transaction during that time. Do not be afraid on enabling the dynamic fees turned on that it will give you high transaction fee it will always just set you with the most adequate cost for that transaction.

This is only smart if you want to get your transaction confirmed very quickly.

I find that Electrum usually overestimates the amount of fees that are necessary to get confirmed quickly, so if you're not in a hurry, you're better off looking at the mempool
(Something like https://jochen-hoenicke.de/queue/#1,24h) and decide it from there manually.

Currently the mempool is like 6 MB, so i wouldn't be surprised if a 1 sat/b would get confirmed rather quickly.

[shield132]

Thank you guys for your quick answers, it's very kind from you !

I made that transaction with my Ledger nano S, I just click on the "standard fees" as they say..
Next time I think I'll add more fees than the "standard" 

Firstly I want to mention that current TX fees are very low so there is no need of panic, your transaction will get confirmation soon in anyway.
Another thing I want to tell you is that you can manually set transaction fees and for your choice, https://bitcoinfees.earn.com <-- this website can be a great help.

[Initscri]

Perfect, after some hours of waiting, it worked !
Thanks guys 

He's already mentioned that the transaction eventually went through, so all is well. No further responses needed I'd assume.

This thread can probably be closed now.