Transaction is pending because fee was too low, now what

[jeanluca]

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Unfortunate, in my app I don't have the possibility to bump the fee

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

[1714646977]

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[bitmover]

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Unfortunate, in my app I don't have the possibility to bump the fee

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

What really matters is not how much you paid in usd  but what fee rate (in sat/vbyte) you used.

Always take a look at https://mempool.space  to see what fee rate you should use.
Now you should use about  300 sat/vbyte
If you share your transaction ID, or insert it in mempool.space  you can see how long it will take

If you used RBF, you can just increase the fee rate to 300.

[Charles-Tim]

If the transaction is not having high inputs and/or outputs, that fee will likely later be enough to get the transaction confirmed. Just wait and let the mempool become less congested.

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

Paste the txid into the space on this site and check the details. you will see the fee rate (sat/vbyte) that you used.

https://mempool.space/

Before broadcasting a transaction at all, you should be able to see the fee rate. Use reputed wallet like Electrum, Sparrow or Bluewallet.

[Mia Chloe]

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Unfortunate, in my app I don't have the possibility to bump the fee

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

You can check the fees in vbytes on the mempool by inputing the transaction ID using the link provided by Charles-Tim and bitmover also your Bitcoins are not lost forever if the fee is too low miners may not confirm the transaction except maybe you use a free accelerator. But if the transaction is left unconfirmed for a maximum of about 2 weeks the Bitcoins will return back to your wallet

[AbuBhakar]

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

Do you use Bluewallet because I only experience this on bluewallet whenever I open it while my data is still not on then load the wallet. You can check your transaction on blockchain explorer to see what fee is used is sats/vB format. Mempool is the best explorer to determine suggested fee and the details of the transaction.

You use a high fee so you just need to wait a little until the mempool clear some space.

[kryptqnick]

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Unfortunate, in my app I don't have the possibility to bump the fee

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

Hey there. It won't be lost in transit forever, don't worry about that. $10 isn't nothing, it's just well below the current average of over $35. I had such an issue a couple of times when I mismatched the fee significantly, and the transaction got stuck. It will get through eventually. The average fee was $10 just a few days ago, and the spikes seem to come and go pretty quickly. You can wait it out, maybe it'll take a day or a few days. But the funds won't be lost this way, they'll just take much longer to go through the system. You can monitor the fees to get an idea of where it's going, and then you can expect your transaction to finally make it. If you can increase the fee, you can try that, as bitmover pointed out.

[Charles-Tim]

Do you use Bluewallet because I only experience this on bluewallet whenever I open it while my data is still not on then load the wallet. You can check your transaction on blockchain explorer to see what fee is used is sats/vB format. Mempool is the best explorer to determine suggested fee and the details of the transaction.

You use a high fee so you just need to wait a little until the mempool clear some space.

Bluewallet supports RBF. So I do not think he used Bluewallet.

https://jochen-hoenicke.de/queue/#BTC,1y,weight is the best that I know of to check the fee rate. mempool.space is also good and accurate.

[BitMaxz]

Unfortunate, in my app I don't have the possibility to bump the fee

What exactly wallet app do you use?
If the app does not have a feature to bump the fee you have 3 options to make the transaction confirm faster.

- The first one is to submit your TXID to https://www.viabtc.com/tools/accelerator

- The 2nd one is to do a CPFP with high fee if you have full control of the receiving address you can do this.

- The 3rd one import your backup phrase to Electrum and bump the fee.

Any of this should be able to make your transaction to be confirmed faster.

[jeraldskie11]

Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

No, the transaction will be confirmed once the fee went back to normal. You just have to be patient now since there is no feature of bumping the fee. I think it would be better if you use another wallet that have that kind of feature such as Electrum because you will still need that incase you encounter this problem again. You can also see the update of your transaction in the blockchain explorer.

Just check in this thread: List of useful Bitcoin block explorers

[jeanluca]

Thanks for the answers. Waiting sounds like the best option for now

I'm using Coolwallet. The problem with this wallet is, that it is not BIP39, but something else. So I'm not sure if my seed will work with an other wallet like Sparrow or Electrum

[NeuroticFish]

what will now happen with that transaction. Is my btc lost in transit forever?

I will bold the answer, since it may be lost in the "sea" of ideas how to make your transaction go through.

also your Bitcoins are not lost forever if the fee is too low miners may not confirm the transaction except maybe you use a free accelerator. But if the transaction is left unconfirmed for a maximum of about 2 weeks the Bitcoins will return back to your wallet

So the transaction will either be confirmed, either will be dropped and in the second case the coins and the fee will return to sender wallet, like nothing has happened.
Just I will add something to this: the 2 weeks is not a precise or even reliable deadline. If the fee is low, some nodes will drop it faster. Certain nodes, some so-called "free accelerators" and even some wallets will keep re-broadcasting the transaction and then even after 2 weeks it may not be dropped.
However, historically the fees had high and lows, so re-broadcasting forever never happened. And of course, the sender can act (rbf either for up the fee, either for canceling, or cpfp for the change), the receiver can act (cpfp), so you still have a certain amount of control there.


PS. OP, you've posted while I was writing this. If it's not useful please PM me and I'll remove.

[Saisher]

Two or three weeks ago I had a transaction where I put on a low fee I thought that in a couple of hours, the transaction fee would go down and the traffic would decongest I was wrong it did the opposite since I don't have any funds to RBF all I can do it wait and do a rebroadcast after 4 days the transaction dropped and the funds returned to my wallet, in your case if the fee will stay high it will likely drop so just wait for it, when it drop, be sure to check mempool to see the priority fee so you can take the right action.

[Charles-Tim]

- The 2nd one is to do a CPFP with high fee if you have full control of the receiving address you can do this.

If he used like just 1 inputs and 2 outputs, there is no need for this because the transaction would have been confirmed or will still be confirmed. That fee will be enough. I wish he tells us the fee rate that he used.

- The 3rd one import your backup phrase to Electrum and bump the fee.

He will not be able to do that if the transaction is not supporting replace-by-fee. Unless he tries to look for node that is supporting full RBF. I have not done this before and I do not know how it works because all my transaction are supporting replace-by-fee.

[Findingnemo]

He will not be able to do that if the transaction is not supporting replace-by-fee. Unless he tries to look for node that is supporting full RBF. I have not done this before and I do not know how it works because all my transaction are supporting replace-by-fee.

I haven't done it myself personally but if OP has the private keys then he can import it to electrum and can reboradcast the transaction with a new signature if he is able to succeed at finding a node that enabled full RBF feature.

Here is how it should be done explained by @hosseinimr93

For making the replacement transaction, you can also use electrum.

- Create a new wallet using your private key.
- Let your wallet get synced and then disconnect your computer from the internet.
- Go to "console" tab and use this command to remove the transaction you want to be replaced from your wallet: wallet.adb.remove_transaction("TXID")
- Close electrum and open it again.
- Make the replacement transaction and export the raw transaction.

Now you have the singed raw transaction and you can broadcast it.
The problem now is that for broadcasting the replacement transaction, you need a node that has enabled full RBF. So, you should try different transaction broadcasting tools until you find a one allowing you to do so and doesn't reject your transaction.
 

[tabas]

But if the transaction is left unconfirmed for a maximum of about 2 weeks the Bitcoins will return back to your wallet

Based on my experience, it can go more than 2 weeks and even can go as long as a month or so. That happened to me before and I thought that was the first time to saw the fees pump again. But while waiting with that, he can do the tips of the other members telling him to rebroadcast his transaction but based on my experience again, that didn't do much when fees are this high.

Thanks for the answers. Waiting sounds like the best option for now

Aside from viabtc, you can contact some miners if you know someone to do the confirmation for you but the cons of this is that you're going to pay a fee. If the amount you transferred isn't worth it, yeah it's just best to wait it until it gets confirmed.

[Mate2237]

Op if you don't have the bump fee button then you can use https://www.viabtc.com/tools/txaccelerator/ to accelerate the transaction but I doubt if can also go because the transaction fee is low then another you can also do is to cancel the transaction. And I also believed that your transaction will not lost to the Blockchain but it is too delayed it will return back to your wallet. If if is Coolwallet then you can import the it to Trustwallet and make the transaction from there and bump the fee.

[Findingnemo]

you can also do is to cancel the transaction.

There is no such thing when it comes to Bitcoin.

You can bump the fee, which is known as Replace by Fee (RBF), or double spend it back to your own address which is what featured as cancel in electrum but here is the thing OP can't even bump the fee in his wallet.

[promise444c5]

Just wait and let the mempool become less congested.

This is what you need to do , wait for a less congested mempool  or accelerate your fee using the tools mentioned by almost everyone that commented on this thread , the most popular of all is  ViaBTC. However, if you still feel like waiting  then it might be a lengthy  one and this will be determined by the magnitude of your compared to the minimum  fee required , could be days, weeks or  even months, it's now left to your decision  

[un_rank]

Op if you don't have the bump fee button then you can use https://www.viabtc.com/tools/txaccelerator/ to accelerate the transaction but I doubt if can also go because the transaction fee is low...

The minimum accepted on ViaBTC is 10 sats/byte. Depending on how much inputs were used in the transaction, the fee should be above that amount.

If if is Coolwallet then you can import the it to Trustwallet and make the transaction from there and bump the fee.

DO NOT import your coldwallet into trustwallet for any purpose.
Do not even use it as a hot wallet.

- Jay -

[Stalker22]

~
then another you can also do is to cancel the transaction.

How do you suggest that he can "cancel" the transaction?
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If if is Coolwallet then you can import the it to Trustwallet and make the transaction from there and bump the fee.

Why Trust Wallet? Dont you think Electrum or some other reputable open source wallet would be a much better solution in this case?