Which is the lowest transaction fee bitcoin wallet?

[BestCryptoYear2020]

Many of you will say blockchain wallet. I use blockchain wallet.
But if we talk about transaction fees,
Its most of the times we have seen goes too high,if we have to send on high priority.

If we talk about Binance, it has minimum withdrawal fee of approx. 0.0005 BTC, approx. $3.00-$5.00

[LoyceMobile]

A wallet gives you access to your own keys, and most wallets let you set custom fees. I use the lowest possible fee most is the time, just know that means it can take longer to confirm.

Binance is an exchange, not a wallet.

Easy answer: use Electrum. Just be careful, there are many fake websites that give you a compromised version.

[tungaqhd]

Many of you will say blockchain wallet. I use blockchain wallet.
But if we talk about transaction fees,
Its most of the times we have seen goes too high,if we have to send on high priority.

If we talk about Binance, it has minimum withdrawal fee of approx. 0.0005 BTC, approx. $3.00-$5.00

I don't think that Blockchain.com wallet transaction is high because i can adjust it for each transactions. It is better than fixed fee. You have to accpet the high fee if you want your transaction to be confirmed fastly.

[Dmitri Pavarov]

GreenAddress with custom fee option. Btw, bitcoin.com wallet is that safe? and you have link to playstore for that?

[iamaruf]

If you think blockchain fee is high, why don't you use electrum, mycelium,coinomi etc wallet.If you use these wallet you can increase or reduce transaction fee.Binance is an exchanger.If you make low amount your trx fee will be less,for big amount fee will be high (in blockchain,as far I know).           

[o_e_l_e_o]

Many of you will say blockchain wallet. I use blockchain wallet.

No wallet is inherently cheaper than any other wallet. Any good wallet should let you set your own fees, and you pay a fee depending on how full the mempool is and how fast you need your transaction to confirm. Take a look at this thread to learn how to work out an appropriate fee for your needs: https://bitcointalk.org/index.php?topic=5182906.0

If we talk about Binance, it has minimum withdrawal fee of approx. 0.0005 BTC, approx. $3.00-$5.00

Withdrawal fees and transaction fees are two different things. Binance (and most exchanges) use a tiny portion of your withdrawal fee to cover the transaction fee, and then they pocket the rest. These services are not wallets. Don't store your coins on them.

Btw, bitcoin.com wallet is that safe?

Bitcoin.com is a known scam site designed to trick newbies in to buying trash altcoins. I would stay well away from their wallet.

[Kemarit]

Many of you will say blockchain wallet. I use blockchain wallet.
But if we talk about transaction fees,
Its most of the times we have seen goes too high,if we have to send on high priority.

If we talk about Binance, it has minimum withdrawal fee of approx. 0.0005 BTC, approx. $3.00-$5.00

I'm confused here, you says lowest transaction fee? If you are talking about exchanges. Yes, Binance has 0.0005 BTC withdrawal fee and so as Kucoin and Kraken.

But if you used a wallet that you have control of your privatekeys like Electrum, you can customized the transaction fees. You can used this ( https://jochen-hoenicke.de/queue/#0,24h) to get an estimate on how much fees you need to pay.

P.S. I don't used blockchain wallet. There are a lot of options out there, like Electrum.

[bL4nkcode]

GreenAddress with custom fee option.

Yeah, I highly recommend using this wallet, btw its Blockstream Green wallet now. It has segwit enabled which is really helpful to make the fee lower as even 1 sat.

Btw, bitcoin.com wallet is that safe?

No, I won't recommend using it. It gives bad interpretation of bitcoin as bitcoin core which is the software itself.

[o_e_l_e_o]

It has segwit enabled which is really helpful to make the fee lower as even 1 sat.

SegWit doesn't change the fee you need to pay in terms of sats per vbyte. You can make a 1 sat/vbyte transaction equally as well from a legacy address or a SegWit address, and both would have an equal chance of confirming in the next block. A SegWit and a legacy transaction with the same fee in terms of sats per vbyte will confirm at the same time (excluding the scenario of a backed up mempool with several megabytes of transactions at the same fee rate). Neither is given priority.

What SegWit does do is decrease the effective size of your transaction in terms of vbytes, so the same fee rate (in sats/vbyte) is cheaper overall. For example:

Let's say we have a legacy transaction which is 1000 vbytes, so 1 sat/vbytes costs 1000 sats.
The same transaction from a SegWit address might be only 500 vbytes. We can either pay 1 sat/vbyte, costing 500 sats and saving us 500 sats, or we can pay the same 1000 sats and end up confirming faster as we have paid 2 sats/vbyte. Or we can pay somewhere in between, and be both a little faster and a little cheaper.

[qomariah95]

The cost of using the Blockchain I think is not too large, depending on our needs. If you want a quick confirmation of course choose the most expensive. The Electrum Wallet is indeed cheaper, because we can manage the costs ourselves, but I think it's safer to use the Blockchain.

[o_e_l_e_o]

The Electrum Wallet is indeed cheaper, because we can manage the costs ourselves, but I think it's safer to use the Blockchain.

Neither Blockchain nor Electrum are any cheaper than each other. Both allow you to set your own fees, and so both can be as cheap or as expensive as you choose.

Blockchain is absolutely not safer than Electrum. Being a web wallet, the security of your blockchain wallet is reduced to a simple password. Since most people don't use password managers and random password generators, your password is probably something easily remembered and therefore easily cracked. You are also subject to phishing attacks, fake sites, password resets, account hacks, server hacks, etc., and you also have to take blockchain.com at their word and completely trust that they don't have access to your seed or keys.

[Ferris419]

Binance is an exchange, so never use an exchange as a wallet, it's not safe. Try to use a hardware wallet to be always safe. For the lowest transaction fees you may use the Coinbase app as a wallet, though it's from an exchange but yet I have been using it since 2015, never faced a single problem although the transaction fee is cheaper. Electrum is another Legendary Bitcoin wallet, there is no better wallet for bitcoin than Electrum, where you can set custom transaction fee like Myetherwallet or Metamask! so, you may try it too.

[Eternad]

I prefer the register local wallet in my area, I use blockchain and electrum before but since I ofternconvert into fiat. The price for me is now efficient. If we want a much secured prices we may opt to decide to use the higher fee if it's safer as long as it did it's job accordingly.

[pawanjain]

Transaction fees is something which you need to send an amount to a receiver. It should be an optimum price depending on the size of the transaction.
You can get any wallet which will show you the optimum transaction fees for bitcoin. If you want to set a custom fees then there are some wallets which have the ability to set the custom fees for the transaction.
Wallets such as Mycelium, Electrum etc.. have the ability to set custom fees.

[sovie]

A wallet gives you access to your own keys, and most wallets let you set custom fees. I use the lowest possible fee most is the time, just know that means it can take longer to confirm.

Binance is an exchange, not a wallet.

Easy answer: use Electrum. Just be careful, there are many fake websites that give you a compromised version.

With electrum you can set this as low as 0.00000255 btc. It take few hours to confirm the transaction if you choose this minimum fee. Better choose that if you are not in rush and dont wanna pay high fee.

[slaman29]

Many of you will say blockchain wallet. I use blockchain wallet.
But if we talk about transaction fees,
Its most of the times we have seen goes too high,if we have to send on high priority.

If we talk about Binance, it has minimum withdrawal fee of approx. 0.0005 BTC, approx. $3.00-$5.00

Electrum like others are saying is the right choice. But first, please try and learn the difference between using your own wallet client and using a 3rd party service.

Fees you pay to 3rd parties are to the service/the company/the exhange. This fee doesn't go to bitcoin miners, it goes to the service that hosts your wallet. Fees you use on your own client go directly to miners. So of course, this is cheaper.

[keeee]

I prefer the register local wallet in my area, I use blockchain and electrum before but since I ofternconvert into fiat. The price for me is now efficient. If we want a much secured prices we may opt to decide to use the higher fee if it's safer as long as it did it's job accordingly.

I agree I depend on where I am and what is available. Since im in philippines I used blockchain as well. But most of the time I transfer it to coins.ph so I can easily convert it into fiat currency.  

[Rodeo02]

Many of you will say blockchain wallet. I use blockchain wallet.
But if we talk about transaction fees,
Its most of the times we have seen goes too high,if we have to send on high priority.

If we talk about Binance, it has minimum withdrawal fee of approx. 0.0005 BTC, approx. $3.00-$5.00

the fee asking by binance is not for transaction fee. Its for widrawal fees deducted to all who want to widraw btc from that exchange.
If you are looking for low transaction fees  wallet here  is the list of  what i see https://www.geckoandfly.com/23532/bitcoin-wallet-low-transaction-fees/ .

[angrybirdy]

I prefer the register local wallet in my area, I use blockchain and electrum before but since I ofternconvert into fiat. The price for me is now efficient. If we want a much secured prices we may opt to decide to use the higher fee if it's safer as long as it did it's job accordingly.

I agree I depend on where I am and what is available. Since im in philippines I used blockchain as well. But most of the time I transfer it to coins.ph so I can easily convert it into fiat currency.  

If there is a local financial service, that is the best solution to have the lowest transaction fee. But as far as I know, only a few countries have that service. If there is no such service like coins.ph, the best option is electrum.

[Darooghe]

The fees are self declared. You can set whatever price you want. on the other hand, miners pick what transactions they will actually mine. They usually pick whoever is paying the most fees. the fees are paid in Satoshi per Byte of blockchain space. You can use the Blockchain.info, Electrum, Jaxx and MultiBit wallets, and you can set the fee to 1 sat/byte if you choose in some of them.