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Author Topic: Bluewallet fastest fee  (Read 81 times)
dimonstration (OP)
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August 06, 2023, 03:16:07 PM
 #1

This is my second time encountered this issue on Bluewallet app on my iPhone. I use the fastest fee but my transaction is still stuck for about 3hrs now. Again my wallet doesn’t support bumping fee due to the private key that I use.

I believe this is a mempool issue and not Bluewallet since the fee is correct to the suggested fee on mempool. What's happening on the blockchain?

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August 06, 2023, 03:18:48 PM
 #2

I am using Bluewallet very well, it is slightly not estimating fee accurately. Better to use the mempool fee and customize the fee on Bluewallet wallet. Use BIP39 seed phrase instead so that you will be able to pump the fee next time.

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August 06, 2023, 03:31:23 PM
Last edit: August 06, 2023, 03:43:49 PM by Wind_FURY
 #3

This is my second time encountered this issue on Bluewallet app on my iPhone. I use the fastest fee but my transaction is still stuck for about 3hrs now. Again my wallet doesn’t support bumping fee due to the private key that I use.

I believe this is a mempool issue and not Bluewallet since the fee is correct to the suggested fee on mempool. What's happening on the blockchain?


Sometimes the wallet, and probably most wallets, will have the wrong fee estimates especially during those times of high network congestion.

Before making a transaction, next time check how much transactions are in queue. You should always visit https://jochen-hoenicke.de/queue/#BTC,24h,weight

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dimonstration (OP)
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Dimon6969


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August 06, 2023, 03:33:30 PM
 #4

I am using Bluewallet very well, it is slightly not estimating fee accurately. Better to use the mempool fee and customize the fee on Bluewallet wallet. Use BIP39 seed phrase instead so that you will be able to pump the fee next time.

I already lost the original seed phrase of my wallet and I’m only holding the private key of my specific wallet address. Is there a way to convert a seed phrase of my current wallet using only my private key?

I have no choice on BlueWallet because electrum is not available on ios. I’m not comfortable anymore sending emergency funds using this wallet due to this slow confirmation. The mempool suggested fee is now increasing which I’m afrid that my transaction will be purged.

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August 06, 2023, 04:25:21 PM
 #5

I believe this is a mempool issue and not Bluewallet since the fee is correct to the suggested fee on mempool. What's happening on the blockchain?
Even it is happening recently when the mempool is not congested. But if you compare it with mempool estimated fee for high priority on mempool, it is just slightly different. And sometimes, the mempool fee would have later increased.

I already lost the original seed phrase of my wallet and I’m only holding the private key of my specific wallet address. Is there a way to convert a seed phrase of my current wallet using only my private key?
You can only convert seed phrase to private key, you can not convert the private key to seed phrase. You have to generate another seed phrase to generate the address.

I have no choice on BlueWallet because electrum is not available on ios. I’m not comfortable anymore sending emergency funds using this wallet due to this slow confirmation. The mempool suggested fee is now increasing which I’m afrid that my transaction will be purged.
The best would be to send the fund to a wallet that you have just generated the seed phrase on Bluewallet and also be using mempool fee estimation. I am using Bluewallet and I like the wallet.

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August 06, 2023, 04:58:29 PM
 #6

I already lost the original seed phrase of my wallet and I’m only holding the private key of my specific wallet address. Is there a way to convert a seed phrase of my current wallet using only my private key?
You can only convert seed phrase to private key, you can not convert the private key to seed phrase. You have to generate another seed phrase to generate the address.

Thanks on this information, I thought I will be getting the same wallet address feature by getting the specific private key since I hate to keep generating wallet address.


I have no choice on BlueWallet because electrum is not available on ios. I’m not comfortable anymore sending emergency funds using this wallet due to this slow confirmation. The mempool suggested fee is now increasing which I’m afrid that my transaction will be purged.
The best would be to send the fund to a wallet that you have just generated the seed phrase on Bluewallet and also be using mempool fee estimation. I am using Bluewallet and I like the wallet.

I think I have no choice now. I will generate new seed phrase to create new wallet address. I will be sticking to Bluewallet more often now because I don’t have android device. Personally, I have no complaints on the overall experience on Bluewallet because it gives a simpler and smooth user experience to me except on the transaction fee part.


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