Lowest fee wallet

[Angell]

Hello guys,

I need a recomendation for a Android wallet with the lowest sending feesbut not some crap of security, any experience or advice?

Thanks,
Angell

[1714106466]

1714106466

[NeuroticFish]

Hello guys,

I need a recomendation for a Android wallet with the lowest sending feesbut not some crap of security, any experience or advice?

Thanks,
Angell

Hi. The fee you pay is for the miners to confirm your transaction.
If the network is very busy, the transactions with lower fees will wait since the higher fees are preferred by the miners.
The smarter wallets try to help you and propose a fee. The wallets with all functionalities there will allow you to select a different fee than the proposed one, even down to 1 sat/byte.

So all you need is a good Android wallet. I use Mycelium, but I use it so rare I cannot tell if it's the best in town or "just another wallet". It allows, however even 1 sat/byte fee.

[bL4nkcode]

Yeah, like what above said, fees only depends on the current state of the network (blockchain), if congested most wallet will recommend of higher fees.
I usually use mycelium and electrum for android wallets. I use only mycelium withy ledger while I electrum (mobile) for my imported private keys. While choosing mycelium for more options of fees, while electrum only has limited options, but it has 1 sat fees also.
For security, I suggest electrum then mycelium.

[bitmover]

Bitcoin fees also depend on the wallet , if your wallet is or not compatible with segwit.

If you use a segwit address (bc1 or 3..) you will pay lower fees. However, the most important is to be able customize the fees, and use low fees such as 1 sat/byte.

You need also to consolidate your inputs to pay lower fees. You can check those guide by Loycev about it here:
https://bitcointalk.org/index.php?topic=2848987.0

Additionally, in this website you can play with fees, number of input and output and segwit/legacy anf see how much you will pay on fees.
https://www.buybitcoinworldwide.com/fee-calculator/

Edit: about wallet recommendation, certainly electrum is the best. If it is too complicated for you, try mycelium, as said above.

[Angell]

Bitcoin fees also depend on the wallet , if your wallet is or not compatible with segwit.

If you use a segwit address (bc1 or 3..) you will pay lower fees. However, the most important is to be able customize the fees, and use low fees such as 1 sat/byte.

You need also to consolidate your inputs to pay lower fees. You can check those guide by Loycev about it here:
https://bitcointalk.org/index.php?topic=2848987.0

Additionally, in this website you can play with fees, number of input and output and segwit/legacy anf see how much you will pay on fees.
https://www.buybitcoinworldwide.com/fee-calculator/

Edit: about wallet recommendation, certainly electrum is the best. If it is too complicated for you, try mycelium, as said above.

Thanks for the info, very helpfull, I will check the wallets and fees.

[libert19]

I use Coinomi, it supports segwit and you can set fees however you like (for Bitcoin and other coins).

[joniboini]

I use Coinomi, it supports segwit and you can set fees however you like (for Bitcoin and other coins).

Make sure you know the risk of using Coinomi.[1] IIRC it's not open source too, unlike Electrum & Mycelium.

[1] https://bitcointalk.org/index.php?topic=5114708.0

[hugeblack]

I use Coinomi, it supports segwit and you can set fees however you like (for Bitcoin and other coins).

It's not about wallets, but the type of technology you use and the overcrowding of mempool transactions^{[1] [2]}.
wallets are just tools that make things easy.
You can send a transaction for a low fee (1 Sat) and get confirmation after an hour or a medium fee (10 Sat) and get confirmation in 5 minutes or high fees (50 Sat) and get confirmation at the same time.
If you know how to calculate you will save some fees.


[1] https://jochen-hoenicke.de/queue/#1,2h
[2] https://bitcointalk.org/index.php?topic=2848987.0

[libert19]

I use Coinomi, it supports segwit and you can set fees however you like (for Bitcoin and other coins).

Make sure you know the risk of using Coinomi.[1] IIRC it's not open source too, unlike Electrum & Mycelium.

[1] https://bitcointalk.org/index.php?topic=5114708.0

Thanks for the link. I understand the risks and only store small amounts for regular use.

[Pearls Before Swine]

I've used the Electrum wallet on Android, but its been a while.  My recollection is that I was able to adjust the fee to whatever I wanted, so that would be my recommendation. 

Coinomi is a fine multicoin wallet by my estimation, and I think its secure despite joniboini's statement about its code not being open source.  I can't say I've used it for bitcoin transactions but I know I was able to adjust the fees for other coins to my liking, so I'm assuming the same is true for btc.

If fees are the issue here, stay away from Mycelium.  Great wallet but not if you want to send bitcoin with a near zero fee.  I've tried out a lot of Android btc wallets but haven't had that kind of phone in a while and I'm having a hard time remembering how low you could set the fees on some of them.  Most of them I had no issues with as far as that went.

[bitmover]

Make sure you know the risk of using Coinomi.[1] IIRC it's not open source too, unlike Electrum & Mycelium.

[1] https://bitcointalk.org/index.php?topic=5114708.0

I think Coinomi is a good mobile wallet.
There are no multicurrency wallets which are open source. All of them are closed source.

This Google vulnerability was in their desktop wallet, which is pretty new. The case you mentioned was a few weeks after the release...
But the mobile is one of the oldest in the market, and there are no vulnerabilities known.

I use it for more than 2 years, never had any problems...

Of course nobody should put his life savings in a mobile wallet (like the guy you mentioned)... Actually, nobody should put their life savings in bitcoin or any other cryptocurrency...

I think that if you are storing only small amounts of bitcoin or other crypto, you can go on coinomi. It is easy to use, has QR code function, allow full control over inputs, fees, full segwit, etc etc... But trusting life savings in a mobile wallet? Just get a hardware wallet.

[Saint-loup]

I think that if you are storing only small amounts of bitcoin or other crypto, you can go on coinomi. It is easy to use, has QR code function, allow full control over inputs, fees, full segwit, etc etc... But trusting life savings in a mobile wallet? Just get a hardware wallet.

You have control on the inputs, really?
Do you know a more trusted smartphone wallet with this feature, by chance?

For the hardware wallet, you can also use an old smartphone without a working sim, to sign the transactions.   

[Lucius]

Saint-loup, there is one less known phone wallet which is worth a try, and according to what the users say, it can stand side by side with all the other phone wallets. Personally, I didn't try it because I'm happy with Electrum Android version, but BlueWallet would certainly be my second choice. You can read more here : A great lesser known wallet![BlueWallet]

You do not need to use old smartphones to sign transactions with hardware wallets, Ledger is supporting mobile version of Ledger Live via BlueTooth (Nano X) or via OTG cable (Nano S). Private keys are always safe inside of hardware wallet, the only thing users need to pay attention is an address for sending/receiving, and this is something we can check on hardware wallet display.

[bitmover]

You have control on the inputs, really?
Do you know a more trusted smartphone wallet with this feature, by chance?

For the hardware wallet, you can also use an old smartphone without a working sim, to sign the transactions.   

Yes, there is a somewhat hidden function in coinomi which allow you to choose an input as non-spendable , so you can choose which to spend (by marking all others as non spendable).

Electrum mobile allows you to choose the input too . Electrum android does not allow coin control.

[Saint-loup]

Saint-loup, there is one less known phone wallet which is worth a try, and according to what the users say, it can stand side by side with all the other phone wallets. Personally, I didn't try it because I'm happy with Electrum Android version, but BlueWallet would certainly be my second choice. You can read more here : A great lesser known wallet![BlueWallet]

Thank you for your suggestion, I will look at it.

You do not need to use old smartphones to sign transactions with hardware wallets, Ledger is supporting mobile version of Ledger Live via BlueTooth (Nano X) or via OTG cable (Nano S). Private keys are always safe inside of hardware wallet, the only thing users need to pay attention is an address for sending/receiving, and this is something we can check on hardware wallet display.

No I was talking about using an old smartphone to sign transactions instead of an hardware wallet or an air gapped computer...

Yes, there is a somewhat hidden function in coinomi which allow you to choose an input as non-spendable , so you can choose which to spend (by marking all others as non spendable).

Electrum mobile allows you to choose the input too

Really   How you can do that?   It's a very hidden feature if it's true.  

[bitmover]

Really   How you can do that?   It's a very hidden feature if it's true.  

Sorry for spreading misinformation, it doesn't allow. Just checked now...
https://www.reddit.com/r/Electrum/comments/d9ppxc/electrum_mobile_coin_control_feature/

So coinomi is better than electrum mobile, for me. I will stick with Coinomi =D

[bL4nkcode]

So coinomi is better than electrum mobile, for me. I will stick with Coinomi =D

Yep, with different aspects as for the ease of use of its users, ui, coins supported, etc.

But for simple use of sending with controlled fees and securing your funds well for as for BTC which electrum only supported, I still use electrum mobile than coinomi, tho I'm using coinomi for some alts only that is not supported in nano s.

[bitmover]

But for simple use of sending with controlled fees and securing your funds well for as for BTC which electrum only supported, I still use electrum mobile than coinomi, tho I'm using coinomi for some alts only that is not supported in nano s.

Coinomi is also good for recovering forks. They are very fast in supporting new forks.
Sadly, there are many months since last profitable fork.

[bitcoin-shark]

i can recommend you one of my favorites wallet for android which is electrum, it has an option to choose the value of the fees(high or low or medium) for  transactions, if you choose the high value around 12 $ the bitcoin transaction is executed in about half an hour, if you choose the low value (I think around 80 cents) the transaction is performed within the next 24 hours...

[cryptosawyer]

Hello guys,

I need a recomendation for a Android wallet with the lowest sending feesbut not some crap of security, any experience or advice?

Thanks,
Angell

You can try using Atomic Wallet. For BTC and ETH transactions, you can be able to adjust the fees. It's up to you if you want to make it faster or cheaper. This wallet is decentralized, secure and anonymous.

Download it now at https://atomicwallet.io/downloads