Understanding Electrum

[HCP]

To be honest, none of the other coin networks really have issues with full blocks or fee "spikes"... aside from say ETH.

Having said that you can see the current mempool stats (pending transactions + associated fees) for BTC, BCH, BSV, LTC and Dash here: https://jochen-hoenicke.de/queue

To see the breakdowns of the fees being used, hover the mouse over a given point in the graph... Right hand edge of the graph is most current values.

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[pooya87]

I opted for electrum for both BTC, LTC and STRAT. I use only to receive, would like to know, how can I know if I am paying the correct fee? Is it possible to adjust automatically? There's some place I can research this? I really tried, but I could not find it specifically, thank you in advance for the help.

I would recommend you looking at this website before sending a transaction. In the Electrum settings, you can change the fee estimation method. I always set it to Mempool since it's more accurate and helps to overpay less. RBF should be enabled by default if you are using the latest version. It's useful when the fee was too low.

Many thanks for the link, where do I get a similar one but to calculate the LTC fee? Some site that has other coins also, will be very welcome...

you don't need to use a website to get how much fees you should pay even for bitcoin. your Electrum wallet does a good job at giving you the best estimation for how much fees you should pay and has the option (in preference) to show you a fee slider and a textbox which you can manually change the fee/byte value and set it based on the size of mempool.

[margotcoins]

it does say 2fa up on top but I also seem to remember that I selected standard wallet in the process creation, is this even possible?

No, it isn't... The options are:
- standard wallet
- wallet with 2FA
- multi Sig
- import private keys/addresses


Refer:



You will need to make sure that you have the seed safely backed up in case of 2FA device loss... It's the only way you'll be able to recover if your 2FA app does not support backups.

As Lucius mentioned, there are costs involved with sending from a 2fa wallet... Read here: https://api.trustedcoin.com/#/electrum-help

I totally forgot about that screen with all the options but I must have also forgotten about selecting 2 factors, I guess I 'll start over, and now I understand what those fees are I couldn't really make out. Many thanks!