Transaction fee.

[Artem Sereda]

I no longer use sites that track mempool and current fees/byte to get your transaction in the next block. I use electrum, and I always use the minimum that they have at the time of my transaction and so far it’s doing well. Never had any delayed transactions and usually get my confirms in the next block or two. If I overpay on fees, I usually just let it be because it’s only a few cents at best anyways, so I do not feel the need to be bitchy about the fees especially when everything is already pre-calculated for me that still gets my transactions through the network.

It seems to me that you don't do a lot of transactions, so it may not be perceptible to you. But for those who regularly pay for something in crypto, it can be significant.

[Godday]

If you have enough time, you don't have to worry about paying your fees.  I agree with that opinion.  I am a person who prefers to put in a little extra time rather than pay extra for my transactions.  It is very effective and efficient.  You just have to make the time when you need it with the transaction and you can make it with a small fee but with a little extra time that you have to accept.

[Plaguedeath]

If you have enough time, you don't have to worry about paying your fees.  I agree with that opinion.  I am a person who prefers to put in a little extra time rather than pay extra for my transactions.  It is very effective and efficient.  You just have to make the time when you need it with the transaction and you can make it with a small fee but with a little extra time that you have to accept.

You can just create a transaction with the fees you're want to pay, you don't need to wait until the right time where the mempool is empty, do you want to keep checking the mempool for everyday? it's wasting your time and I don't think it's worth it.

The better option is just use a wallet which have RBF feature, so whenever you're need it but the transaction still not confirmed yet, you can bump the fee whenever you want.

[QueenVera]

How do you ensure that you are not paying too much for a transaction, Talking about transaction fees, how many sat/byte do you use for transactions? Do you increase and decrease it depending on how quickly you want the transaction to be processed or how big or small the transactions value is? Do you use a fixed amount for transactions?

I don't think anyone can answer these questions with a correct answer since the cost of each transaction changes very often then you can think. Using 4 Satoshi for fees today and the transaction was fast doesn't mean it'll cost the same if you you want a faster transaction tomorrow. I don't increase my transaction fees because I want to send a larger amount.
Same fee can be used to send big amount of Bitcoin or smaller amount, all depends on how busy the network is at that point of transacting. If the network is congested then you might want to increase your fees to get a faster transaction.
Some wallets recommend fees you should use for a faster transaction and I use one of those wallets so I don't have to bother to check how congested the network is each time I want to transact.

[Lucius]

~snip~
The better option is just use a wallet which have RBF feature, so whenever you're need it but the transaction still not confirmed yet, you can bump the fee whenever you want.

Unfortunately, many of those who do BTC transactions have never heard of something called RBF (replace by fee), and even if they have, they still have a problem because they use online wallets (CEX) that do not have this option. For beginners, such things can be quite confusing, but as I saw on the forum, even for some older members.

~snip~
Same fee can be used to send big amount of Bitcoin or smaller amount, all depends on how busy the network is at that point of transacting. If the network is congested then you might want to increase your fees to get a faster transaction.

It is true that the fee may be the same, but still the total price of the transaction depends on the size of the transaction. For example, you can make a transaction in which you send 0.10 BTC to one user, and that transaction will have one input and two outputs (recipient+change address) and let's say you will pay a fee of $1. In the second case, someone can also send the same amount of BTC, but the difference will be more inputs (address from which BTC will be sent) and more outputs, i.e. multiple recipients.

The first and second transactions will undoubtedly be different in size, which means that the second transaction will be more expensive than the first, regardless of the fact that they use the same fee.

[pgbit]

How do you ensure that you are not paying too much for a transaction, Talking about transaction fees, how many sat/byte do you use for transactions? Do you increase and decrease it depending on how quickly you want the transaction to be processed or how big or small the transactions value is? Do you use a fixed amount for transactions?

The best way to ensure you are not paying too much for a transaction is to use a fee calculator that will estimate the fee you should pay for a given transaction.  the amount of sat/byte used for transactions depends on how quickly you want the transaction to be processed, as well as the size and value of the transaction. I choose to use a fixed amount for transactions, while others may adjust the fee according to the size and value of the transaction. it is up to the individual to determine their own fee.