Fees to high

[bentox]

I have 0.543 BTC that i obtain for a lot of micro payments in the time when webpages give for free.
The problem is that when I want to transfer them, the fee that the client wants to apply is too high. About 0.5 BTC.
How can I transfer them without paying this soo much fee?
 

[1715057336]

1715057336

[1715057336]

1715057336

[HCP]

How can I transfer them without paying this soo much fee?

Have a read through this thread: https://bitcointalk.org/index.php?topic=2848987.0

Obviously, with so many inputs, the transaction you're trying to create will be VERY large in terms of raw data size, the fee is dependent on this data size. That thread will help explain what your options are for working around the high fee caused by so many inputs. However, depending on exactly how many micro payments you received, and the wallet you are using, it could be difficult to setup a consolidation transaction with a low fee

What wallet are you trying to use? Does it allow you to customise the fee?

[Upgrade00]

That's a ridiculous amount on fees. What wallet are you attempting to transact from? Some wallets do no allow users to regulate the fee and this could lead to really high costs. You can look at this site https://btc.com/stats/unconfirmed-tx and compare their estimated network fee with that the wallet is giving, you would need to be able to calculate the fee using the feerate and transaction size.

How can I transfer them without paying this soo much fee?

Most steps you can take to cut down on fees are done before you need to make the transaction, such as; using a segwit address, consolidating your inputs.
If the wallet allows you select coin control feature, use it and select a lower fee. Note that, this means a slower transaction, due to the size the fee would still be significantly high.

For future reference;
The network is one of the major influencers of transaction fees, so if it's not a high priority transaction, waiting for it to get less congested can save you on fees.
Multiple small transactions means more inputs in a transaction and would greatly increase the size and fee. If you can use a wallet which doesn't offer dynamic fees:
• Consolidate your small inputs using minimum fees
• You should be able to send them much cheaper later even if the network gets congested again or you need a transaction confirmed quickly.

[bitmover]

I have 0.543 BTC that i obtain for a lot of micro payments in the time when webpages give for free.
The problem is that when I want to transfer them, the fee that the client wants to apply is too high. About 0.5 BTC.
How can I transfer them without paying this soo much fee?
 

Do you have the seed or private keys for that coins?

You could try to import them into electrum, and then you just send them all together with 1 sat/byte fee. That is the best, cheaper, safer and most efficient way to recover your coins.

[Charles-Tim]

Like you were told, you need to consolidate your input. If you still do not get it right, let me show you the steps:

1. On the same wallet, generate new address
2. Use the fee control to customize or edit the fee. Set it to 1 satoshi/vbyte
3. Send the whole bitcoin to the new address on the same wallet.

Do not worry, this may take some hours to few days before your transaction will be confirmed, but it will eventually be confirmed, after confirmation, you will be able to send with low transactions fee. But also know that memory pool also determine the fee, if congested, the fee can be high.

If you do not have a wallet that has fee control, that means you can not edit the fee. You will need to import your seed phrase into a wallet that has such feature, a good example are electrum, bitcoin core and coinomi. If you export your seed phrase into the wallet, you will be able to edit your fee to as low as 1 satoshi/vbyte.

[sheenshane]

The problem is that when I want to transfer them, the fee that the client wants to apply is too high. About 0.5 BTC.

That looks suspicious fee because it is quite huge that almost equivalent to your entire balance, it's 0.5 Bitcoin and your balance is 0.543 Bitcoin. I suspected that you've probably used a scam website wallet, I never heard a wallet with that very high fees or even withdrawing from exchange.

All suggestions above were right, can you please also share to us what wallet you've used. Because there are too many various Bitcoin wallets that can modify fees into the lowest fee.

How can I transfer them without paying this soo much fee?

If there's no option, there's nothing you can do is to accept the high fees from wallet you've choose and receive the remaining balance. But if they ask to deposit for further fee, you should start to worry because that's scam.

[tranthidung]

I have 0.543 BTC that i obtain for a lot of micro payments in the time when webpages give for free.

It means you have many small inputs and you have to consolidate your small inputs when fee is low. It is more convenient to consolidate if you have inputs in your non-custodial wallet (that you don't have I guess).

The problem is that when I want to transfer them, the fee that the client wants to apply is too high. About 0.5 BTC.

As @sheenshane pointed out. Is it a typo? I guess the fees should be around 0.005 BTC. If it is not a typo, the site looks suspicious.

Guides to choose wallets (should choose non-custodial wallets to have control on your private keys/ mnemonic seed and your transactions) and get cheap fees

• [General] Bitcoin Wallets - Which, what, why?
• Fees are low, use this opportunity to Consolidate your small inputs! (others gave you above)
• Make sure to avoid wasting BTC for too high fees – step by step guide (Electrum)
• Bitcoin transaction fees (in sats/kb). Sunday, Saturday are best to move BTC
• Bitcoin Transaction Fees - Everything in one

Remember to have low transaction fee, you have to have four things:

• A good wallet (should be non-custodial)
• As smallest transaction size (consolidate inputs help you reduce transaction size)
• A time point when mempool is clear.
• A low fee rate but at acceptable waiting time

[FinneysTrueVision]

If you're using a wallet that lets you set your own fee you can set it to 1 satoshi per byte and it should confirm in a few hours. You should also consolidate into a wallet that supports segwit so your fees will be cheaper in the future.

[malevolent]

If it's 0.543 and not, say, 0.00005430 BTC, then see how much you'd pay if you wanted to make a transaction with a 1 sat/vB fee. If it's still too much, then all you can do is wait until for miners to start one day mining blocks with transactions with fees <1 sat/vB.

[stompix]

That looks suspicious fee because it is quite huge that almost equivalent to your entire balance, it's 0.5 Bitcoin and your balance is 0.543 Bitcoin.

That tx would need to be about 300sat/b for a 1000 inputs tx...wither there is a typo or OP is using some weird wallet.
But he needs to tell us first how many inputs he has and what wallet dos he use first if he wants a solution, and a double check, if those are not actually mBtc, would be nice also, at this point throwing solutions at him wiotuht knowing the origin of the problem is quite meaningless.

[pooya87]

That tx would need to be about 300sat/b for a 1000 inputs tx...wither there is a typo or OP is using some weird wallet.

300 sat/b is not very strange if the wallet OP is using is one of those SPV or phone wallets that use malicious services to fetch the suggested fees. for example https://bitcoinfees.earn.com/ is one of these malicious services that is still used by a handful of bad wallets, it is currently suggesting 134 sat/b while mempool is almost empty and the "fastest and cheapest transaction fee" is 2 or 3 sat/byte. with the recent spike that we had recently this malicious site could have very well suggested 300 instead of 10-20.

[bob123]

I got two Questions: 1) How many inputs are you trying to send? 2) What fee are you using?

If you indeed got that much inputs, the only way to consolidate is using a fee rate of 1 sat/B. If the fee is still way too high, you need to check the UTXO's and ignore the extremely small one.
But again, this depends on how many UTXO's we are talking about. A fee of 0.5 BTC is incredibly high.. i can't imagine you are trying to consolidate that many inputs.

[LoyceV]

After you've consolidated your Bitcoin to a new wallet, you own some Forkcoins too. Don't forget about them, but don't bother before moving your Bitcoin.

[BitMaxz]

~snip~
the "fastest and cheapest transaction fee" is 2 or 3 sat/byte. with the recent spike that we had recently this malicious site could have very well suggested 300 instead of 10-20.

Actually there is a recent spikes few hours ago https://jochen-hoenicke.de/queue/#0,24h
But bitcoinfees.earn.com doesn't change since last week it still showing 134 sat/byte.

The fastest and cheaper fee right now according to coinb.in fees is 23 Sat/Byte it change everytime because I saw this recently while calculating fees on my transaction it change from 1 sat/byte above 64 sat/byte around 7 to 9 am forum time and today is 23 sat/b.


If he wants to pay cheap I would like to suggest to use https://coinb.in/#fees not 100% accurate but it always suggest me a faster & cheaper fee compared to bitcoinfees.earn.com.

[joniboini]

But bitcoinfees.earn.com doesn't change since last week it still showing 134 sat/byte.

I think quite a lot of posts from different users already point out that bitcoinfee.earn is terrible with their estimation. I'd suggest you to use mempool.space instead. You can roughly predict at which block your tx will get confirmed (assuming no transaction spike) based on the fee that you paid so there's no need to overpay and follow suggestion blindly.

[malevolent]

300 sat/b is not very strange if the wallet OP is using is one of those SPV or phone wallets that use malicious services to fetch the suggested fees. for example https://bitcoinfees.earn.com/ is one of these malicious services that is still used by a handful of bad wallets, it is currently suggesting 134 sat/b while mempool is almost empty and the "fastest and cheapest transaction fee" is 2 or 3 sat/byte. with the recent spike that we had recently this malicious site could have very well suggested 300 instead of 10-20.

I'd use the word 'broken', unless it's some custodial wallet trying to make extra money from withdrawal fees.

[Twinkledoe]

300 sat/b is not very strange if the wallet OP is using is one of those SPV or phone wallets that use malicious services to fetch the suggested fees. for example https://bitcoinfees.earn.com/ is one of these malicious services that is still used by a handful of bad wallets, it is currently suggesting 134 sat/b while mempool is almost empty and the "fastest and cheapest transaction fee" is 2 or 3 sat/byte. with the recent spike that we had recently this malicious site could have very well suggested 300 instead of 10-20.

I'd use the word 'broken', unless it's some custodial wallet trying to make extra money from withdrawal fees.

May we know first what wallet is the OP talking about here? Seems that the site is taking advantage and that is ridiculously high. And I guess, he has no other choice but to use that service. Unless, that site has some exchange services, wherein, he can exchange his btc to other alts like doge or xrp.

[tranthidung]

If he wants to pay cheap I would like to suggest to use https://coinb.in/#fees not 100% accurate but it always suggest me a faster & cheaper fee compared to bitcoinfees.earn.com.

I used the coinb.in site in the past but there are something should be noted on the estimation fee from the site.

• It uses data from previous block to estimate fee which in turn results in incorrect estimate. We need an estimate from current status of mempool, not from the past (even one block before)
• It worked good in the past, maybe in 2018 or early of 2019.
• Lately, it was broken -- serious incorrect estimate. I don't recall when it began to give serious incorrect estimate like that but you can check by visit the site when fee has spike area, then re-visit later days (maybe one to two weeks), and compare their estimates (sometimes estimates are the same ---theirs are too high as in spike area while in fact fee rate drops much lower). I noticed their data are not updated too good.
  

Johoe's site is the best, IMO but it might be a bit complicated for people who use it the first time.

Newbies can simply use blockchair.com to get quick overview and make comparisons. Look at the area
Mempool

• Recommended fee

Or there: https://blockchair.com/compare
Mempool stats

• Recommended fee (satoshi per byte) ~ the bottom for Bitcoin column

[pooya87]

I'd use the word 'broken', unless it's some custodial wallet trying to make extra money from withdrawal fees.

the wallet would be called "broken" and in fact some of them fixed it by using better alternatives in the past but there are still some that haven't. the site on the other hand has to be malicious to keep reporting ridiculously higher fees. that's the only explanation specially since it is not a little higher!

Unless, that site has some exchange services, wherein, he can exchange his btc to other alts like doge or xrp.

then they will have to pay multiple fees of different types, for transactions and for exchanging. it is also possible to lose some money to the price spread of altcoins.