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Author Topic: Trust wallet dust UTXO error  (Read 435 times)
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August 24, 2023, 11:17:58 PM
 #41

I have a couple of questions:
1) Is it correct that only BTC will be imported? The other coins can still be used in the trust wallet?
Yes, you will only be able to see Bitcoin balances and spend only Bitcoin. Electrum supports only Bitcoin.

2) How does making a transaction in Electrum with imported BTC address with UTXO dust solve the problem? Does Electrum automatically disregard the utxo? My transaction will be pretty large.
Trust wallet doesn't offer a good solution to the UTXO dust problem, and it's even closed source. Avoid it. You will be able to sweep all the UTXO's with Electrum

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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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August 24, 2023, 11:49:56 PM
 #42

UTXOs should not be disregarded, but it is Trustwallet that is disregarding the dust UTXOs. You can send dust amount on Electrum wallet in combination as long as they 546 for legacy address or 294 for segwit or more (transaction fee not included yet).

Trust wallet doesn't offer a good solution to the UTXO dust problem, and it's even closed source. Avoid it. You will be able to sweep all the UTXO's with Electrum

This is very helpful!
So, sending the max amount on Electrum from the imported trustwallet address to newly created Electrum address with default transaction fee would solve the UTXO dust problem? Or do I have to adjust the transaction fee and the amount? And yes, I agree that I should move away from trust wallet.

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August 25, 2023, 04:51:13 AM
Last edit: August 25, 2023, 05:01:56 AM by hosseinimr93
 #43

So, sending the max amount on Electrum from the imported trustwallet address to newly created Electrum address with default transaction fee would solve the UTXO dust problem? Or do I have to adjust the transaction fee and the amount?
With every segwit input you add to your transaction, you increase the (virtual) size of your transaction by ~91 vbytes and with every legacy input to your transaction, you increaase the (virtual) size of your transaction by ~148 vbytes.
(Segwit addresses are the ones that starts with bc1 and legacy addresses are the ones that start with 1)

The purging fee rate for nodes that are using default setting is now around 5.3 sat/vbyte. This means that the minimum fee rate you can use for your transaction, so that it can be broadcasted to the network is now around 5.3 vbyte.
If you are in hurry and you want your transaction to be confirmed very fast, you should use the fee rate of around 10 sat/vbyte.
If you want your transaction to be confirmed in the next few hours, the fee rate of around 7 sat/vbyte should be enough.
(Note that the required fee rate may change over time.)

Let's say you want to make a transaction with the fee rate of 7 sat/vbyte and all your UTXOs are segwit. For every UTXO you add to your transaction, the transaction fee increases by 7*91 vbytes (637 vbytes).
If you have a UTXO worth 600 satoshi, you shouldn't spend that now, since the fee required to spend that would be higher than its value.
If you have a UTXO worth 6000 satoshi, you should spend around 10% of its value to spend it. It's up to you to decide whether you want to spend that now or you want to wait until the network is less congested and you can spend that with lower fees.

For choosing which UTXOs you want to spend, you should go to "Coins" tab on electrum and use "Coin control" feature.
Note: Coin control feature is available only on desktop version of electrum.

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