Bitcoin open source wallets that support replace-by-fee (RBF)

[tranthidung]

The mempool is at 151 sat/vbyte now. Because of RBF, I can use a fee rate of 20 to 30 sat/vbyte or lower fee rate and still be able to pump the fee if no confirmation within the time I am expecting.

151 sat/vbyte is at very tip of the mempool but it is not a highest fee rate used in waiting transactions in mempool currently or last 24 hours. The highest values are somewhere from 250 to 300 sat/vbyte (last 24 hours).

By mentioning 151 sat/vbyte, you are making newbies panic. They actually can get a confirmation in a next one to two blocks with 70+ or 80+ (80+ is better choice) sat/vbyte.

• https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight
• https://mempool.space/graphs/mempool#24h

People should not be using wallets that do not support RBF.

First they should not use wallets in online accounts that are custodial wallets usually. With such wallets, they don't have Coin control feature so sure not have choice to control fee rate too.

• Reminder: do not keep your money in online accounts

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[Charles-Tim]

151 sat/vbyte is at very tip of the mempool but it is not a highest fee rate used in waiting transactions in mempool currently or last 24 hours. The highest values are somewhere from 250 to 300 sat/vbyte (last 24 hours).

By mentioning 151 sat/vbyte, you are making newbies panic. They actually can get a confirmation in a next one to two blocks with 70+ or 80+ (80+ is better choice) sat/vbyte.
https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight
https://mempool.space/graphs/mempool#24h

You later saw what happened. But that is not the main discussion. This is about the importance of RBF. I was only explaining how RBF can be helpful to increase transaction fee so that stuck transaction or transactions that are not likely to be confirmed early can be replaced by high fee one so that such transaction will not be stuck and remain unconfirmed for longer period of time.

First they should not use wallets in online accounts that are custodial wallets usually. With such wallets, they don't have Coin control feature so sure not have choice to control fee rate too.

Maybe you have forgotten that I included that in the OP: https://ninjastic.space/topic/5422456.0

Note: No close source wallet mentioned, if there is any, let me know so I can edit and correct it. No custodial wallet mentioned, because of obvious reason of not your key not your coin.

[tranthidung]

151 sat/vbyte is at very tip of the mempool but it is not a highest fee rate used in waiting transactions in mempool currently or last 24 hours. The highest values are somewhere from 250 to 300 sat/vbyte (last 24 hours).

By mentioning 151 sat/vbyte, you are making newbies panic. They actually can get a confirmation in a next one to two blocks with 70+ or 80+ (80+ is better choice) sat/vbyte.
https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight
https://mempool.space/graphs/mempool#24h

You later saw what happened. But that is not the main discussion, this is about the importance of RBF. I was only explaining how RBF can be helpful to increase transaction fee so that stuck transaction or transactions that are not likely to be confirmed early can be replaced by high fee one so that such transaction will not be stuck and remain unconfirmed for longer period of time.

I wanted to inform you that you gave not clear information.

The mempool is at 151 sat/vbyte now.

When you mentioned mempool is at 151 sat/vbyte, what is mempool at that fee rate? You did not mention about it, with 151 sat/vbyte, it is 1 vMB from tip of mempool or 50 vMB from tip of mempool. The second part is important because it will help us to know what is an affordable fee rate to use at that time.

No offense but I hope you understand my contribution. Your information is not enough and not enough can be considered as not accurate.

Like now, I can write mempool is at 200 sat/vbyte but it is 0.121 vMB from tip of mempool and I can use a lower fee rate like 50+ sat/vbyte (0.823 vMB from tip of mempool) to get a confirmation within next 1 or 2 blocks.

[Charles-Tim]

No offense but I hope you understand my contribution. Your information is not enough and not enough can be considered as not accurate.

Like now, I can write mempool is at 200 sat/vbyte but it is 0.121 vMB from tip of mempool and I can use a lower fee rate like 50+ sat/vbyte (0.823 vMB from tip of mempool) to get a confirmation within next 1 or 2 blocks.

I used https://mempool.space for it and I saw 151 sat/vbyte when I posted it.

When you posted this just not quite long, the fee rate was at 40 sat/vbyte on https://mempool.space.

https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight is for advanced users and I will recommend newbies to still use https://mempool.space until they understand how to use the former.

This thread is about RBF. I still do not see what you are trying to prove over what is unnecessary. I will try all the best to make this readable for newbies.

Mempool now at 26 sat/vbyte and still getting lower. Newbies can easily use https://mempool.space to check the fee rate.

[Charles-Tim]

I added https://coinb.in

I have not used this JavaScript wallet before, but if you click on advanced option while using it to generate a wallet, the RBF is checked and you will be able to use it to make transactions that support RBF.

It supports multisig. You can use it to create, verify, sign and broadcast custom raw transactions online. It has fee calculator. You can also use it offline.

If there is any reason not to add it, please let me know.

I do not know yet if the RBF is applied only when you use the JavaScript to generate wallet, or it also applicable when you used the site to broadcast a signed transaction. I hope someone will make this clear, or I will test it before this week is over.

[hosseinimr93]

I have not used this JavaScript wallet before, but if you click on advanced option while using it to generate a wallet, the RBF is checked and you will be able to use it to make transactions that support RBF.

In the case you are referring to the wallet tab in coinb.in, note that your address is generated from the combination of your email address and the chosen password and due to obvious reasons, it's not a good method for generating a wallet. As you surely know, you should generate your wallet from a completely random entropy.

If there is any reason not to add it, please let me know.

Coinb.in is a great tool for building the raw transaction and it allows you to flag your transaction as RBF, but I would never recommend anyone to use it for generating a wallet.

I do not know yet if the RBF is applied only when you use the JavaScript to generate wallet, or it also applicable when you used the site to broadcast a signed transaction.

That's not possible, if you have signed your transaction before and you want to use coinb.in only for broadcasting the transaction.
Take note that with any change in transaction data, the signature becomes invalid and there in no way coinb.in can flag your transaction as RBF, if the transaction you have signed isn't RBF-enabled.

If you have a signed transaction which hasn't been flagged as RBF and you want to broadcast a RBF-enabled transaction using coinb.in, you should build a new tranaction, flag it as RBF and sign it again.

[o_e_l_e_o]

I would concur with hosseinimr93. coinb.in should be viewed as a tool for advanced users to construct transactions or addresses with particular unlocking scripts, and to broadcast transactions if necessary. It can also be used by advanced users on an airgapped device as a tool for signing transactions. It should never be used as a wallet because web wallets are not secure, even if they generate entropy properly and not via an email and password which is a terrible idea.

I wouldn't put coinb.in on any list of recommended wallets, especially not one targeted at beginners.

[Charles-Tim]

I have removed coinb.in.

email address and the chosen password and due to obvious reasons, it's not a good method for generating a wallet.

What can this type of web wallet be called? Is it not HD brain wallet? Or is this how other web wallets are generating their seed phrase as I can see them all requiring username and password?

Although web wallets are the most vulnerable means to generate bitcoin wallets and they are the most vulnerable wallets.

[o_e_l_e_o]

What can this type of web wallet be called? Is it not HD brain wallet?

Essentially yes. The wallet is generated based on two human created and memorized strings - an email address and a password.

Or is this how other web wallets are generating their seed phrase as I can see them all requiring username and password?

Some will use cryptographic PRNGs of varying security, but if the wallet can still be accessed using a username/email and a password via a website then it remains highly insecure.

[Charles-Tim]

Wasabi wallet added.

Wasabi first tries to utilize RBF, if that's not possible it tries to do CPFP.

https://docs.wasabiwallet.io/using-wasabi/Send.html#speed-up-or-cancel-transaction

[Z390]

The real congestion have not even started yet, wait till end of 2024 and into 2025, we will see things that will bing new discussions to the forum for months to come, thanks for sharing wallets that supported RBF and it doesn't even take too long that I knew this myself.

I am used to mempool dot space for checking the min and max transaction fee for Bitcoin, since I don't want my transaction to wait around unconfirmed I always go with the mid to max, and I haven't had any problem, the thing is it will be hard for people who are used to a wallet with no RBF to move over.

My question now is can someone import their private key or recovery seed of a Bitcoin wallet that has no RBF function into a Bitcoin wallet that supports RBF? Will the function be available coming from another wallet with no issue? I will like to know.
By the way, this is a nice write up OP...

[hosseinimr93]

My question now is can someone import their private key or recovery seed of a Bitcoin wallet that has no RBF function into a Bitcoin wallet that supports RBF? Will the function be available coming from another wallet with no issue? I will like to know.

Yes. You can import your private key/seed phrase in a wallet that supports RBF, so that any transaction you make is flagged as RBF.
Just take note that if you have already made a transaction using a wallet that doesn't support RBF, your transaction will be still RBF-disabled, even if you import your private key/seed phrase in a wallet that supports RBF.

[Charles-Tim]

My question now is can someone import their private key or recovery seed of a Bitcoin wallet that has no RBF function into a Bitcoin wallet that supports RBF? Will the function be available coming from another wallet with no issue? I will like to know.

@hosseinimr93 has answered you already.

But it is worth knowing that people that are using close source wallets (like Trustwallet) should better create a new seed phrase, keys and addresses on an open source wallet. This is because you do not know how your keys are generated. The public do know  how it is generated, maybe it it is generated by the wallet developers or not, or not secure enough like what happened to bx.

If you import a seed phrase from a wallet that does not support replace-by-fee to a wallet that supports it, and you make transaction after you import it, you have have nothing to be worried about as all transactions you will be making on the new wallet will support RBF, unless you disable it from the setting or preference. But I will just advise you to send your coins to an address or addresses generated by the seed phrase of an open source wallet that support RBF if the old wallet is close source or not trustworthy.

[Coyster]

My question now is can someone import their private key or recovery seed of a Bitcoin wallet that has no RBF function into a Bitcoin wallet that supports RBF? Will the function be available coming from another wallet with no issue? I will like to know.

Yes you can do this, but another thing is, why would you even want to keep on using the seed phrase of a wallet which doesn't support RBF. There are basic features that a wallet should have, and if they lack it; then you should choose alternatives that are better, create a new wallet in them and send your funds into the new wallet.

The real congestion have not even started yet, wait till end of 2024 and into 2025, we will see things that will bing new discussions to the forum for months to come...

Why do you think so? What makes you think that the network would be clogged at these times you just said above, i am not saying it cannot happen, but what i know is that you cannot predict what the state of the network/mempool would be like at a future time.

[Charles-Tim]

Why do you think so? What makes you think that the network would be clogged at these times you just said above, i am not saying it cannot happen, but what i know is that you cannot predict what the state of the network/mempool would be like at a future time.

Because the mempool was congested during those periods in the past, but after weeks or months it will become less congested. But there were no Ordinals and Inscriptions like BRC20 tokens at the time. Yet, congested. With them this time, it is not going to be easy at all.

[Coyster]

Because the mempool was congested during those periods in the past, but after weeks or months it will become less congested. But there were no Ordinals and Inscriptions like BRC20 tokens at the time. Yet, congested. With them this time, it is not going to be easy at all.

I think you are talking about the period after every halving, i get your point, but what i am saying is, just because it happened in the past, doesn't mean that it would definitely happen in the same way in the future. So many things can and will prolly happen before we get to that time, the Ordinals spam may/may not survive until then and the activity that is expected in the Bitcoin network at that time may not also happen, this is the reason why it is somewhat impossible to accurately predict the state of the network at a future time.

[Charles-Tim]

I think you are talking about the period after every halving, i get your point, but what i am saying is, just because it happened in the past, doesn't mean that it would definitely happen in the same way in the future.

It happened in the past, but there is probability that it may not happen in the future, yes. But the probability that it will happen in the future is far higher than the probability that it will happen in the past. In 5 : 95, 5 is still a probability.

So many things can and will prolly happen before we get to that time, the Ordinals spam may/may not survive until then and the activity that is expected in the Bitcoin network at that time may not also happen, this is the reason why it is somewhat impossible to accurately predict the state of the network at a future time.

Ordinals spam like Ordi with a marketcap of over $400 million. Also are others but with lower marketcap. What if the bull run starts and these Ordinals and Inscriptions started to increase in price with increase in daily transaction, and which is most likely what will happen. The probability that the mempool will be more congested during the next significant bull run is far higher than it will not be congested. Even without Ordinals and Inscriptions, it was congested in the past.

[Charles-Tim]

Bump

[zazarb]

Maybe  someone can provide a link to the detailed  guide for RBF or CPFP in bitcoin core wallet?

[Charles-Tim]

Unstoppable wallet has added replace-by-fee and also cancel transaction.

You can use cancel transaction on some wallets like Electrum but it means that you will double spend the unconfirmed transaction with higher fee in a way that the coin will be sent back to an address on your wallet.

Maybe  someone can provide a link to the detailed  guide for RBF or CPFP in bitcoin core wallet?

I am sorry for this late reply. I am not a Bitcoin Core user. But if you can can provide a guide for it, I can add it somewhere in the OP.