blockchain.com outgoing fee optimization

[LFC_Bitcoin]

Joke of a service.

I only use it for every day, small ‘ish’ transactions but it’s terrible. I’ve lost count of the amount of times I select ‘Premium’ fee & I have to end up using a free transaction accelerator to push through my transaction because the fee they set ends up being too low.

Just venting a bit any way. Anybody else experience similar with them? Going to stop using the service now any way. I probably should have ditched them ages ago seeing as though Ver is a big investor / CEO.

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[mk4]

I tried using Blockchain.com's wallet in the past for my bitcoin spare change. Last time I've used it was in December of 2017 though, where transactions were through the roof, so the transactions were expected to take days anyway. I basically ditched blockchain.com due to them not implementing segwit at that time(I think they don't still have segwit today lol).

[OmegaStarScream]

I tried using Blockchain.com's wallet in the past for my bitcoin spare change. Last time I've used it was in December of 2017 though, where transactions were through the roof, so the transactions were expected to take days anyway. I basically ditched blockchain.com due to them not implementing segwit at that time(I think they don't still have segwit today lol).

Yep. That should be enough reason for everyone to stop using them, to be honest, they're not hurting their users only but the network as well by not upgrading.

[AB de Royse777]

Joke of a service.

I only use it for every day, small ‘ish’ transactions but it’s terrible. I’ve lost count of the amount of times I select ‘Premium’ fee & I have to end up using a free transaction accelerator to push through my transaction because the fee they set ends up being too low.

Just venting a bit any way. Anybody else experience similar with them? Going to stop using the service now any way. I probably should have ditched them ages ago seeing as though Ver is a big investor / CEO.

Ah the bCash guys :-P
I left using blockchain.com ages ago. The only use for me is to explore the block explorer from their site which does not need registration.

I am comfortable with my hardware wallet and desktop wallet. Whenever I need I can just create a wallet which is hassle free.

[mk4]

Yep. That should be enough reason for everyone to stop using them, to be honest, they're not hurting their users only but the network as well by not upgrading.

Definitely. I really don't see the reason to not use segwit. The only 2 possible reasons I can think of is that:

• They purposely don't want to implement it, to probably move people to the BCH camp
• Probably due to complications in the coding side? Which I really doubt as I'm really sure they could afford decent programmers just for this functionality.

This is probably the sole reason why people in the bitcoin community barely suggest using Blockchain.com's wallet. Basically the only reason why blockchain.com is still hugely relevant right now is due to their marketing and because blockchain.info was a really widely known service for years.

[pawanjain]

Joke of a service.

I only use it for every day, small ‘ish’ transactions but it’s terrible. I’ve lost count of the amount of times I select ‘Premium’ fee & I have to end up using a free transaction accelerator to push through my transaction because the fee they set ends up being too low.

Just venting a bit any way. Anybody else experience similar with them? Going to stop using the service now any way. I probably should have ditched them ages ago seeing as though Ver is a big investor / CEO.

Ah the bCash guys :-P
I left using blockchain.com ages ago. The only use for me is to explore the block explorer from their site which does not need registration.

I am comfortable with my hardware wallet and desktop wallet. Whenever I need I can just create a wallet which is hassle free.

I  have been doing the same thing for a few years. Although it was my first wallet in blockchain.com , I think cryptocurrency has evolved so much with time that we had to adapt the newer technology.
Blockchain.com on the other hand chose to not upgrade the tech and this is the reason why not many people use it these days.
I prefer to use crypto wallet on my smartphone and some of the best ones are Mycelium and Electrum.

Yep. That should be enough reason for everyone to stop using them, to be honest, they're not hurting their users only but the network as well by not upgrading.

Definitely. I really don't see the reason to not use segwit. The only 2 possible reasons I can think of is that:

• They purposely don't want to implement it, to probably move people to the BCH camp
• Probably due to complications in the coding side? Which I really doubt as I'm really sure they could afford decent programmers just for this functionality.

This is probably the sole reason why people in the bitcoin community barely suggest using Blockchain.com's wallet. Basically the only reason why blockchain.com is still hugely relevant right now is due to their marketing and because blockchain.info was a really widely known service for years.

Blockchain.info is still a widely used website for tracking the transaction status. I use it myself for every bitcoin transaction I make. It's really convenient to use it from any device.
And yes probably you are right as this might be the only reason why blockchain.com is still alive.

[kryptqnick]

Joke of a service.

I only use it for every day, small ‘ish’ transactions but it’s terrible. I’ve lost count of the amount of times I select ‘Premium’ fee & I have to end up using a free transaction accelerator to push through my transaction because the fee they set ends up being too low.

Just venting a bit any way. Anybody else experience similar with them? Going to stop using the service now any way. I probably should have ditched them ages ago seeing as though Ver is a big investor / CEO.

I don't know them, I use blockchain.info for bitcoin transactions and am very pleased by its work. Just today I payed only $0.07 for a transaction worth around $50 which was performed in less than 10 minutes! No accelerators, just a premium fee which is nowadays extremely low. Why not to use this website instead? I feel safe keeping my btc there and performing transactions whenever I need to. And I've never had an issue with the fee being too low, because each time they recommend the fees based on how busy the network is at that time. They don't support Segwit, though, so if that matters to you in choosing the future service, that's probably not your choice.

[LFC_Bitcoin]

Joke of a service.

I only use it for every day, small ‘ish’ transactions but it’s terrible. I’ve lost count of the amount of times I select ‘Premium’ fee & I have to end up using a free transaction accelerator to push through my transaction because the fee they set ends up being too low.

Just venting a bit any way. Anybody else experience similar with them? Going to stop using the service now any way. I probably should have ditched them ages ago seeing as though Ver is a big investor / CEO.

I don't know them, I use blockchain.info for bitcoin transactions and am very pleased by its work. Just today I payed only $0.07 for a transaction worth around $50 which was performed in less than 10 minutes! No accelerators, just a premium fee which is nowadays extremely low. Why not to use this website instead? I feel safe keeping my btc there and performing transactions whenever I need to. And I've never had an issue with the fee being too low, because each time they recommend the fees based on how busy the network is at that time. They don't support Segwit, though, so if that matters to you in choosing the future service, that's probably not your choice.

blockchain.info is also blockchain.com bro. They merge.
Type in blockchain.info & it’ll send you to blockchain.com

[tomahawk9]

I use it every now and then. But I was using it last week but something weird happened. I made a transaction and I set the custom fee to about 12 sat...but for some reason, it seems like their system or algorithm messed up my fee because I checked the tx on blockexplorer and the fee was 7 sat...probably some bug, haven't used it since then.

I probably should have ditched them ages ago seeing as though Ver is a big investor / CEO.

Didn't know Ver was an investor, it all makes sense now, no wonder they haven't implemented segwit.

[LFC_Bitcoin]

I use it every now and then. But I was using it last week but something weird happened. I made a transaction and I set the custom fee to about 12 sat...but for some reason, it seems like their system or algorithm messed up my fee because I checked the tx on blockexplorer and the fee was 7 sat...probably some bug, haven't used it since then.

I probably should have ditched them ages ago seeing as though Ver is a big investor / CEO.

Didn't know Ver was an investor, it all makes sense now, no wonder they haven't implemented segwit.

Similar to what happened with me. I sent around 0.3BTC today to another address of mine & I clicked premium fee. It did it as 9 sats.

It took 2 hours to confirm & I couldn’t even push transaction with ViaBTC free transaction accelerator. It said fee was too low.

I was going to leave it over night & then pay via a paid transaction accelerator to get it confirmed. Luckily it confirmed after about 2 hours.

Shit wallet, shit service.

[joniboini]

Just today I payed only $0.07 for a transaction worth around $50 which was performed in less than 10 minutes! No accelerators, just a premium fee which is nowadays extremely low.

You can do the same thing with Electrum, or core tbh. The speed of the transaction is not related to which wallet that you use, and there's a better guarantee that the fee you set on Electrum will be the same fee that you paid to for your transaction.

Why not to use this website instead? I feel safe keeping my btc there and performing transactions whenever I need to.

I'm surprised that anyone still uses blockchain.com as their wallet, not to mention any risk of a phishing attack and something like that. You don't store your BTC there, you 'store' your Bitcoin on blockchain and you use a wallet to access it. I prefer a way that is more secure, like Electrum for example.

[Lucius]

Personally I have never had a problem with blockchain.info/com, but I use it quite rare and just for small transaction. Recently I use them for few transaction and I just leave regular fee since I was not in a hurry. Before I set custom fee there and I have never experienced any problems with that, so they maybe have some technical problems.

Similar to what happened with me. I sent around 0.3BTC today to another address of mine & I clicked premium fee. It did it as 9 sats.

I just check now and best fee for fast confirmation is 12 satoshis/byte, and minutes ago was 14 satoshis/byte so it change almost on a minute basis. It is strange that with 9 satoshis/byte took 2 hours for first confirmation. Just to be clear I did not check on blockchain.com, but on this site : https://bitcoinfees.earn.com/

Edit : I just send one transaction with custom fee 8 satoshis/byte and it was confirmed in 10 minutes - Regular fee is 4 satoshis/byte, and premium 16 satoshis/byte.

[BitHodler]

I'm surprised that anyone still uses blockchain.com as their wallet, not to mention any risk of a phishing attack and something like that. You don't store your BTC there, you 'store' your Bitcoin on blockchain and you use a wallet to access it. I prefer a way that is more secure, like Electrum for example.

I don't like blockchain.com solely for the reason of them not supporting SegWit, but other than that, it has been doing its thing extremely well and continues to attract new users.

Most people here will prefer to use a different client, but newbies are very likely going to use blockchain's wallet. It looks good, supports numerous altcoins, and newbies aren't subjected to toxic politics within crypto.

Electrum's mobile wallet client isn't as good looking, but provides one of the safest and fastest ways to import private keys. Perfect combination when you are using ChipMixer frequently.

[joniboini]

Most people here will prefer to use a different client, but newbies are very likely going to use blockchain's wallet. It looks good, supports numerous altcoins, and newbies aren't subjected to toxic politics within crypto.

Yeah, I suppose people have different choice and it's not a problem too, as long as they realize the risk. I used blockchain once but then I no longer use it, or other web wallets due to security reason.

But the sad news is some people in my country who knows crypto trust blockchain or web wallet (even exchange) blindly and maybe that's why I'm a bit skeptical.

[squatter]

Yep. That should be enough reason for everyone to stop using them, to be honest, they're not hurting their users only but the network as well by not upgrading.

Definitely. I really don't see the reason to not use segwit. The only 2 possible reasons I can think of is that:

• They purposely don't want to implement it, to probably move people to the BCH camp

I'm guessing it's this. Roger Ver was an angel investor in Blockchain.info back in 2011. He probably owns a large stake in the company -- they didn't do any more fundraising until three years later. Judging by his actions with Bitcoin.com, I'm sure he'd use any influence he has to push Blockchain away from Segwit.

[Findingnemo]

My experience of blockchain.info wallet,which is a wallet used by me before to make transaction and even now some times because of their low fee.The wallet may not be good for the people who knows how to setup the fee but there are lot of people who may set wrong fee and end up waiting for too long so for those this wallet may be perfect and I never too waited too long while made transaction with this wallet and it is far better when compared to blockchain wallet only missing segwit.

[sheenshane]

My experience of blockchain.info wallet,which is a wallet used by me before to make transaction and even now some times because of their low fee.The wallet may not be good for the people who knows how to setup the fee but there are lot of people who may set wrong fee and end up waiting for too long so for those this wallet may be perfect and I never too waited too long while made transaction with this wallet and it is far better when compared to blockchain wallet only missing segwit.

Before that is blockchain.info but now it is blockchain.com, yes before I also used blockchain.com wallet in receiving fund from exchange due to it is low fees compared to other, that was more than a year ago as of now I didn't use because I much comfortable with electrum wallet. Which is allowed in using segwit address not just like blockchain.com they didn't allow segwit address.
However, blockchain.com for me is still good if I don't have any other option aside from electrum I use that wallet.

[Findingnemo]

My experience of blockchain.info wallet,which is a wallet used by me before to make transaction and even now some times because of their low fee.The wallet may not be good for the people who knows how to setup the fee but there are lot of people who may set wrong fee and end up waiting for too long so for those this wallet may be perfect and I never too waited too long while made transaction with this wallet and it is far better when compared to blockchain wallet only missing segwit.

Before that is blockchain.info but now it is blockchain.com, yes before I also used blockchain.com wallet in receiving fund from exchange due to it is low fees compared to other, that was more than a year ago as of now I didn't use because I much comfortable with electrum wallet. Which is allowed in using segwit address not just like blockchain.com they didn't allow segwit address.
However, blockchain.com for me is still good if I don't have any other option aside from electrum I use that wallet.

So you are using electrum because of segwit address or you can have the private keys of your own wallet?

Normally I am also uses electrum for storing my bitcoin,used web wallet only to exchange bitcoin to others because it has option to do with no verifcation before but now they need KYC to do that I guess.

[Raja_MBZ]

Joke of a service.

I only use it for every day, small ‘ish’ transactions but it’s terrible. I’ve lost count of the amount of times I select ‘Premium’ fee & I have to end up using a free transaction accelerator to push through my transaction because the fee they set ends up being too low.

Just venting a bit any way. Anybody else experience similar with them? Going to stop using the service now any way. I probably should have ditched them ages ago seeing as though Ver is a big investor / CEO.

Are you absolutely sure that it happened multiple times? I've been using Blockchain.com on a weekly basis for the last few months, and it works perfectly almost every time. Even with "standard" fee (about 3 to 9 cents), it usually takes hardly an hour for the first confirmation, and with "premium" fee, it usually takes about 15 minutes for the first confirmation.

Have you been using them repeatedly in the past few days? Has it been this slow every time?

[1Referee]

Are you absolutely sure that it happened multiple times? I've been using Blockchain.com on a weekly basis for the last few months, and it works perfectly almost every time. Even with "standard" fee (about 3 to 9 cents), it usually takes hardly an hour for the first confirmation, and with "premium" fee, it usually takes about 15 minutes for the first confirmation.

Have you been using them repeatedly in the past few days? Has it been this slow every time?

It could be purely related to luck since you can't assure yourself a confirmation within x time frame even with a very high fee. If you look at the hashrate swings (and they are pretty wild), they do translate into slower block times every now and then, which results in more short term network congestion, and thus other users outbidding the fees that were approapriate at the time of sending.

In case there is some priority to it, I always use higher fees than recommended, just for the sake of being ready for unexpected congestion when blocks take longer to come through.