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Author Topic: Help Needed with a Stuck Transaction  (Read 380 times)
BTCSUMUP (OP)
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April 09, 2024, 10:30:56 AM
 #1

Hey Bitcoin Talk,

Hope you're doing well. I've got a bit of a snag with a transaction that's gone stuck, and I'm looking for some help getting it sorted. I've checked out VIABTC and Binance accelerators, but they're a bit pricey for me.

Do you happen to know any cheaper alternatives or offer any services that could help out with this? Any tips or guidance would be awesome.

Thanks a bunch!

Cheers,
BTCSUMUP

Hopefully I placed it in the right category
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April 09, 2024, 10:33:31 AM
 #2

Hey Bitcoin Talk,

Hope you're doing well. I've got a bit of a snag with a transaction that's gone stuck, and I'm looking for some help getting it sorted. I've checked out VIABTC and Binance accelerators, but they're a bit pricey for me.

Do you happen to know any cheaper alternatives or offer any services that could help out with this? Any tips or guidance would be awesome.

Thanks a bunch!

Cheers,
BTCSUMUP

Hopefully I placed it in the right category

If it doesn't hurt your privacy, it could be a good idear to post the tx id...

Other than accelerators offered by big pools, you could potentially bump the fee (if you created an opt-in rbf tx) or a cpfp (if you're the receiver, or if you received change). Both will be cheaper than paying viabtc, but both are conditional (they only work if they are opt-in rbf or one of the addresses you controll was funded by the stuck tx)

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Charles-Tim
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April 09, 2024, 10:34:43 AM
 #3

Which wallet did you use? Is it having RBF? What is the fee rate that you used? I mean in sat/vbyte? Or you can give us your txid if you are not bothered of people knowing about it just as mocacinno posted already.

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BTCSUMUP (OP)
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April 09, 2024, 10:39:39 AM
 #4

Hey Bitcoin Talk,

Hope you're doing well. I've got a bit of a snag with a transaction that's gone stuck, and I'm looking for some help getting it sorted. I've checked out VIABTC and Binance accelerators, but they're a bit pricey for me.

Do you happen to know any cheaper alternatives or offer any services that could help out with this? Any tips or guidance would be awesome.

Thanks a bunch!

Cheers,
BTCSUMUP

Hopefully I placed it in the right category

If it doesn't hurt your privacy, it could be a good idear to post the tx id...

Other than accelerators offered by big pools, you could potentially bump the fee (if you created an opt-in rbf tx) or a cpfp (if you're the receiver, or if you received change). Both will be cheaper than paying viabtc, but both are conditional (they only work if they are opt-in rbf or one of the addresses you controll was funded by the stuck tx)

It was a transaction sent to me.

https://mempool.space/tx/65c884264ecd1361f0b4cc08ec90162e9a17da9965722fa10aced9da2c2acfbb

What can I do that's a cheap option ?
Plaguedeath
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April 09, 2024, 10:40:04 AM
 #5

Bitcoin acceleration services - Fee comparison

Check Antpool, it's the most affordable and you can pay using Tron which is low fees.

Not support RBF and you send the coins to Binance, so the only way is using accelerator.

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April 09, 2024, 10:45:54 AM
 #6

What can I do that's a cheap option ?
The fee rate that the sender used is 12.927 sat/vbyte. The mempool high fee priority presently is 14 sat/vbyte. If you can just wait, it will be better.

You can use child-pay-for-parent if it is sent to your noncustodial wallet, but no need of wasting money in fee. Wait.

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.HUGE.
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BTCSUMUP (OP)
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April 09, 2024, 10:47:14 AM
 #7

Bitcoin acceleration services - Fee comparison

Check Antpool, it's the most affordable and you can pay using Tron which is low fees.

Not support RBF and you send the coins to Binance, so the only way is using accelerator.

I gave AntPool a shot, hoping they could help out, but I hit a bit of a roadblock. They require SMS verification, but for some reason, I'm not receiving any SMS to my phone number. It's been a bit frustrating, to be honest.

Do you have any other suggestions or know any workarounds? Your insights would be much appreciated.

What can I do that's a cheap option ?
The fee rate that the sender used is 12.927 sat/vbyte. The mempool high fee priority presently is 14 sat/vbyte. If you can just wait, it will be better.

You can use child-pay-for-parent if it is sent to your noncustodial wallet, but no need of wasting money in fee. Wait.

Ok, I will try to wait.

To all that helped send a USDT TRC 20 wallet Smiley I will give you all gift like thanks.
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April 09, 2024, 11:01:09 AM
 #8

What can I do that's a cheap option ?
The fee rate that the sender used is 12.927 sat/vbyte. The mempool high fee priority presently is 14 sat/vbyte. If you can just wait, it will be better.

You can use child-pay-for-parent if it is sent to your noncustodial wallet, but no need of wasting money in fee. Wait.

How long would it take to be confirmed by it self do you recon ?
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April 09, 2024, 11:11:04 AM
 #9

How long would it take to be confirmed by it self do you recon ?
Maybe till tomorrow. But it depends if the mempool become less congested.

But I can see the mempool fee rate increasing. If you need the coin very fast. If it is a noncustodial wallet, you can just send the unconfirmed coin or part of it to a new address on your wallet and use something like 28 sat/vbyte for the new transaction. For the two transactions (the transaction you are especting the coin and the transaction you want to use spend the unconfirmed coin), that would be around 20 sat/vbyte for each.

If your wallet do not support spending unconfirmed transaction, import your seed phrase on Electrum to do it.

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April 09, 2024, 11:15:10 AM
 #10

How long would it take to be confirmed by it self do you recon ?
Yesterday, someone spammed the network and increased the required fee rate to more than 30 sat/vbyte.
In the last few hours, the mempools became less congested and at the time I am writing this post, transactions with the fee rate of 14 sat/vbyte are being confirmed.
I expect your transaction to be confirmed in less than 2 hours. (This is assuming the network won't be attacked by spammers again.)

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April 09, 2024, 11:17:19 AM
 #11

How long would it take to be confirmed by it self do you recon ?
Maybe till tomorrow. But it depends if the mempool become less congested.

But I can see the mempool fee rate increasing. If you need the coin very fast. If it is a noncustodial wallet, you can just send the unconfirmed coin or part of it to a new address on your wallet and use something like 28 sat/vbyte for the new transaction. For the two transactions (the transaction you are especting the coin and the transaction you want to use spend the unconfirmed coin), that would be around 20 sat/vbyte for each.

If your wallet do not support spending unconfirmed transaction, import your seed phrase on Electrum to do it.


Hello Charles-Tim, thank you for your assistance. It seems I'll need to be patient since I'm the receiver, not the sender.

It's incredibly frustrating; the status keeps fluctuating from "confirmed in 30 minutes" to various other timeframes like 19, 28, or 38 minutes, with no actual confirmation.

How long would it take to be confirmed by it self do you recon ?
Yesterday, someone spammed the network and increased the required fee rate to more than 30 sat/vbyte.
In the last few hours, the mempools became less congested and at the time I am writing this post, transactions with the fee rate of 14 sat/vbyte are being confirmed.
I expect your transaction to be confirmed in less than 2 hours. (This is assuming the network won't be attacked by spammers again.)

Thanks a lot. I really do hope so Smiley
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April 09, 2024, 11:39:04 AM
 #12

just FYI, it has been said before, but child pays for parent is ideal for situations where you're the receiver... And it wouldn't be to expensive either... If you'd use the output of the stuck transaction as input for a new one with a fee of ~4700 sat, it would probably go trough pretty fast.

177 vbytes for the stuck (parent) tx + 200 vbytes (rounded up) for the child transaction = 277 Vbytes. The "ideal" fee according to https://jochen-hoenicke.de/queue/#BTC,24h,weight is ~25 sat/vbyte.
277*25 = 6925 (let's round up to 7000).

Your parent already payed ~2300 sats in fees, so if you'd create a child tx with a fee of 4700 sat, the miners would have an incentive to add both tx's to their block... At current preev rate, that's about $3,5... So, if you do a cpfp, you can get your tx unstuck right now for a measily $3,5.

Or, yeah, you can wait... that would work to... If your tx isn't confirmed in one or two days, you can always go for a cpfp.

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April 09, 2024, 11:41:24 AM
 #13

just FYI, it has been said before, but child pays for parent is ideal for situations where you're the receiver... And it wouldn't be to expensive either... If you'd use the output of the stuck transaction as input for a new one with a fee of:

177 bytes for the stuck (parent) tx + 200 bytes (rounded up) for the child transaction = 277 Vbytes. The "ideal" fee according to https://jochen-hoenicke.de/queue/#BTC,24h,weight is ~25 sat/vbyte.
277*25 = 6925 (let's round up to 7000).

Your parent already payed ~2300 sats in fees, so if you'd create a child tx with a fee of 4700 sat, the miners would have an incentive to add both tx's to their block...


Hi Mocacinno


I may have adopted Bitcoin early, but I lack technical expertise. Can you assist me in this regard? I'm willing to cover any expenses incurred for your help.

You are saying it cost 3.5 USD ill be willing to send you 10 USD if you get it unstuck Smiley
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April 09, 2024, 11:43:53 AM
 #14

--snip--
Hi Mocacinno


I may have adopted Bitcoin early, but I lack technical expertise. Can you assist me in this regard? I'm willing to cover any expenses incurred for your help.

It wouldn't cost me anything to help you... And your cost would basically just be the fee for the CPFP (which has to be high enough to cover the fee for both the stuck and the cpfp tx). Which wallet are you using? Wether or not we can help you out greatly depends on this answer tough... It has been said before: if it's a custodial wallet, you're more or less stuck, but if it's non-custodial, odds are good you can do a cpfp.

I wrote a tutorial to guide newbies a long time ago in case they were using electrum as their wallet (electrum can import most seed phrases, private keys and can be used with many hardware wallets) ... My server went down, and so did the screenshots... But maybe the text is enough to guide you? https://bitcointalk.org/index.php?topic=5285192.0

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April 09, 2024, 11:45:54 AM
Merited by mocacinno (1), RickDeckard (1)
 #15

just FYI, it has been said before, but child pays for parent is ideal for situations where you're the receiver... And it wouldn't be to expensive either... If you'd use the output of the stuck transaction as input for a new one with a fee of ~4700 sat, it would probably go trough pretty fast.
It's not possible for OP to do CPFP.
The receiving address belongs to binance and there is no change in the transaction.


I may have adopted Bitcoin early, but I lack technical expertise. Can you assist me in this regard? I'm willing to cover any expenses incurred for your help.
You can do CPFP, only if you have control over an output of the transaction. Since you have sent the fund to a custodial service, you don't have control over the output of the tranaction and you can't do CPFP.

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April 09, 2024, 11:48:14 AM
 #16

just FYI, it has been said before, but child pays for parent is ideal for situations where you're the receiver... And it wouldn't be to expensive either... If you'd use the output of the stuck transaction as input for a new one with a fee of ~4700 sat, it would probably go trough pretty fast.
It's not possible for OP to do CPFP.
The receiving address belongs to binance and there is no change in the transaction.


I may have adopted Bitcoin early, but I lack technical expertise. Can you assist me in this regard? I'm willing to cover any expenses incurred for your help.
You can do CPFP, only if you have control over an output of the transaction. Since you have sent the fund to a custodial service, you don't have control over the output of the tranaction and you can't do CPFP.

Thanks a lot for the help to the both of you.

Last time this happen to me was 5-7 years ago.

Guess I will have to wait.
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April 09, 2024, 11:48:31 AM
 #17

just FYI, it has been said before, but child pays for parent is ideal for situations where you're the receiver... And it wouldn't be to expensive either... If you'd use the output of the stuck transaction as input for a new one with a fee of ~4700 sat, it would probably go trough pretty fast.
It's not possible for OP to do CPFP.
The receiving address belongs to binance and there is no change in the transaction.

--snip--

whoops, i kind of missed the fact that it was a custodial wallet... I did read OP tried to use binance accelerator, but i had no idear this also meanth he used binance as a wallet... I assumed binance was just offering a tx accelerator for the broader public (i'm not really familiar with the service offered by custodial services).

OP, it's just hindsight now, but in the future it might be a good idear to switch to a non custodial wallet... It's really not a good idear to keep funds on custodial wallets (or exchange wallets).

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April 09, 2024, 11:55:03 AM
 #18

With the decreasing fees, it looks like we're nearing the target, doesn't it? If anyone would like a tip, feel free to send me a private message or share your USDT TRC-20 wallet address. Thanks for the assistance, everyone!
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April 09, 2024, 11:58:14 AM
 #19

With the decreasing fees, it looks like we're nearing the target, doesn't it? If anyone would like a tip, feel free to send me a private message or share your USDT TRC-20 wallet address. Thanks for the assistance, everyone!
Considering the current mempool[1], I would say that your transaction will be confirmed in the next couple of hours (or even in the next hour). mocacinno previous commentary is still gold - consider having your funds in a non custodial wallets so that you have more liberty regarding ownership (amongst other benefits).

[1]https://jochen-hoenicke.de/queue/#BTC,24h,weight

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April 09, 2024, 12:00:49 PM
 #20

whoops, i kind of missed the fact that it was a custodial wallet... I did read OP tried to use binance accelerator, but i had no idear this also meanth he used binance as a wallet... I assumed binance was just offering a tx accelerator for the broader public (i'm not really familiar with the service offered by custodial services).
I think anyone should be able to use binance transaction accelerator and using that accelerator doesn't mean OP sent the fund to binance.
I understood OP has sent the fund to binance from checking previous transactions of the receiving address.

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April 09, 2024, 12:03:48 PM
 #21

With the decreasing fees, it looks like we're nearing the target, doesn't it? If anyone would like a tip, feel free to send me a private message or share your USDT TRC-20 wallet address. Thanks for the assistance, everyone!
Considering the current mempool[1], I would say that your transaction will be confirmed in the next couple of hours (or even in the next hour). mocacinno previous commentary is still gold - consider having your funds in a non custodial wallets so that you have more liberty regarding ownership (amongst other benefits).

[1]https://jochen-hoenicke.de/queue/#BTC,24h,weight

Lets hope Cool Thanks!

whoops, i kind of missed the fact that it was a custodial wallet... I did read OP tried to use binance accelerator, but i had no idear this also meanth he used binance as a wallet... I assumed binance was just offering a tx accelerator for the broader public (i'm not really familiar with the service offered by custodial services).
I think anyone should be able to use binance transaction accelerator and using that accelerator doesn't mean OP sent the fund to binance.
I understood OP has sent the fund to binance from checking previous transactions of the receiving address.


Utilizing the Binance Accelerator is an option, but at $140 USD, it's not practical for me, especially for a relatively small amount like $1500 USD.
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April 09, 2024, 12:57:59 PM
 #22

Utilizing the Binance Accelerator is an option, but at $140 USD, it's not practical for me, especially for a relatively small amount like $1500 USD.
Have you tried estimating the costs of accelerating the transaction using mempool accelerator service[1]? They have executed 853 requestes with a success rate of 91.56 %, but something tells me - judging by the numbers - that they may be restricting the number of transactions to approve (considering that the service is in beta stage, perhaps that is wise). I guess that it doesn't hurt trying at least...

[1]https://mempool.space/acceleration

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April 09, 2024, 01:02:42 PM
 #23

Utilizing the Binance Accelerator is an option, but at $140 USD, it's not practical for me, especially for a relatively small amount like $1500 USD.
Have you tried estimating the costs of accelerating the transaction using mempool accelerator service[1]? They have executed 853 requestes with a success rate of 91.56 %, but something tells me - judging by the numbers - that they may be restricting the number of transactions to approve (considering that the service is in beta stage, perhaps that is wise). I guess that it doesn't hurt trying at least...

[1]https://mempool.space/acceleration

I've attempted to use it, but I'm currently stuck on a waiting list according to the mempool.

Now transaction fees are just going up  Embarrassed
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April 09, 2024, 01:12:09 PM
 #24

Now transaction fees are just going up  Embarrassed
Indeed they are. Sadly, like Plaguedeath said before, there is not much you can do since you can't use CPFP and RBF on the transaction. There are only two options : either wait for the transaction to be confirmed (usually in the weekends the fees are lower) or pay the premium of a accelerator...

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April 09, 2024, 01:14:28 PM
 #25

Just wait!

These things always happen and if you're not in desperate need for those funds it will for sure confirm if not during this evening/night at least in the wekend for sure.
The mempool just had a spike because of un unusual wave of tx and it will take some time for that to clear, meanwhile, there are of course people who would try to get in the first block and outbid you that's why your tx seems to be stuck at 30 mins, basically, the ones in front keep get confirmed while new ones are cutting the line paying a bit more than you!

And if you're curious about antpool's accelerator it takes $50 for your acceleration, I don't see that worth it in the current situation.




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April 09, 2024, 01:19:50 PM
 #26

I gave AntPool a shot, hoping they could help out, but I hit a bit of a roadblock. They require SMS verification, but for some reason, I'm not receiving any SMS to my phone number. It's been a bit frustrating, to be honest.
I just noticed this comment of yours. Have you tried changing to another sms provider? I don't know the success rate of virtual numbers that can be used (like this one[1]) but it may be worth a shot. Or you can try using other services that provide you with a temporary number by using some sats[2][3]. Probably the last ones are less used and might have a higher success rate for you to use the free transactions from ViaBTC.

[1]https://receive-smss.com/
[2]https://kycnot.me/service/smspool
[3]https://kycnot.me/service/sms4sats

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April 09, 2024, 01:56:32 PM
 #27

Thanks a lot guys for all the support now we are down to 15sats so it much just be my lucky day Smiley
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April 09, 2024, 02:12:19 PM
 #28

Hello, I have an accelerator and I just accelerated, I hope it helps you something
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April 09, 2024, 02:20:50 PM
 #29

Hello, I have an accelerator and I just accelerated, I hope it helps you something

Thanks Smiley Was it one of the free ones ?
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April 09, 2024, 02:22:45 PM
 #30

Thanks a lot guys for all the support now we are down to 15sats so it much just be my lucky day Smiley
While googling for other accelerator providers, I came across this[1] thread on bitcointalk where users post their transactions in the hopes of being accelerated. I wasn't aware of this so I can't comment on it, but judging from the recent comments it seems that some transactions do get accelerated quite often. Perhaps it is worth a shot?

[1]https://bitcointalk.org/index.php?topic=5034315.3700

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April 09, 2024, 03:09:28 PM
 #31

Hello, I have an accelerator and I just accelerated, I hope it helps you something
What is that “accelerator”? Does it have a name?

You might be mistaking rebroadcasting a transaction for accelerating? Both are completely different, and rebroadcasting never helps at all in such scenarios.



While googling for other accelerator providers, I came across this[1] thread on bitcointalk where users post their transactions in the hopes of being accelerated. I wasn't aware of this so I can't comment on it, but judging from the recent comments it seems that some transactions do get accelerated quite often. Perhaps it is worth a shot?

[1]https://bitcointalk.org/index.php?topic=5034315.3700
The OP of that thread also uses other available free transaction accelerators like viaBTC and sometimes the transactions just get confirmed because the fee rates have dropped and not through his intervention.

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Vladv26
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April 09, 2024, 04:57:10 PM
 #32

From my experience none of the free accelerators found online work, expect for ViaBTC, but your tx fee is still too low to be accepted there. And other than ViaBTC and Binance paid accelerators there aren't any other reputable services you can try. Mempool accelerator seems trustworthy and offers lower prices but it seems like their service is still not running, it's been like that for months now.

Compared to current average fees, your fee is not very low and it's been already more than 24 hours since it was broadcasted. The fees are currently still getting higher during the day but they should start dropping after midnight, and I predict your transaction will get confirmed within the next 12-24 hours. From personal experience, even when using low fees, I've rarely had or seen transactions go unconfirmed more longer than 24-36 hours, unless using an extremely low fee(1-10sat/vB). So, unless this is an emergency, I would not worry about your transaction remaining unconfirmed for much longer.

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April 09, 2024, 06:44:31 PM
 #33

Hello, I have an accelerator and I just accelerated, I hope it helps you something
What is that “accelerator”? Does it have a name?

You might be mistaking rebroadcasting a transaction for accelerating? Both are completely different, and rebroadcasting never helps at all in such scenarios.



While googling for other accelerator providers, I came across this[1] thread on bitcointalk where users post their transactions in the hopes of being accelerated. I wasn't aware of this so I can't comment on it, but judging from the recent comments it seems that some transactions do get accelerated quite often. Perhaps it is worth a shot?

[1]https://bitcointalk.org/index.php?topic=5034315.3700
The OP of that thread also uses other available free transaction accelerators like viaBTC and sometimes the transactions just get confirmed because the fee rates have dropped and not through his intervention.

I have tried this without any luck.

From my experience none of the free accelerators found online work, expect for ViaBTC, but your tx fee is still too low to be accepted there. And other than ViaBTC and Binance paid accelerators there aren't any other reputable services you can try. Mempool accelerator seems trustworthy and offers lower prices but it seems like their service is still not running, it's been like that for months now.

Compared to current average fees, your fee is not very low and it's been already more than 24 hours since it was broadcasted. The fees are currently still getting higher during the day but they should start dropping after midnight, and I predict your transaction will get confirmed within the next 12-24 hours. From personal experience, even when using low fees, I've rarely had or seen transactions go unconfirmed more longer than 24-36 hours, unless using an extremely low fee(1-10sat/vB). So, unless this is an emergency, I would not worry about your transaction remaining unconfirmed for much longer.


I hope that it will clear out soon Smiley And I do hope you're right. Its crazy that every time it get close the fees goes up
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April 09, 2024, 07:30:23 PM
 #34

I hope that it will clear out soon Smiley And I do hope you're right. Its crazy that every time it get close the fees goes up
The bombardment of Inscriptions continues:

To give you an idea, considering that your sender paid 13 sat/vB for the transaction, the current block values are sitting between 48 - 469 sat/vB, and in the image you see that most of the block is composed by inscriptions whose fees are responsible to cause such a spike in fee value within the mempool.
If you zoom out of Johoe's Bitcoin mempool size[1] and select 1 week period, you'll see that the jump in fees started around 8th of April (~03:00 PM), which matches around with the time that you started having trouble getting confirmation of your transaction. A fee of 13 sat/vB around that time would be okay, but the bombardment of inscriptions isn't something that one can guess sadly.

[1]https://jochen-hoenicke.de/queue/#BTC,1w,weight

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BTCSUMUP (OP)
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April 09, 2024, 07:47:53 PM
 #35

I hope that it will clear out soon Smiley And I do hope you're right. Its crazy that every time it get close the fees goes up
The bombardment of Inscriptions continues:
https://talkimg.com/images/2024/04/09/Vx8gW.png
To give you an idea, considering that your sender paid 13 sat/vB for the transaction, the current block values are sitting between 48 - 469 sat/vB, and in the image you see that most of the block is composed by inscriptions whose fees are responsible to cause such a spike in fee value within the mempool.
If you zoom out of Johoe's Bitcoin mempool size[1] and select 1 week period, you'll see that the jump in fees started around 8th of April (~03:00 PM), which matches around with the time that you started having trouble getting confirmation of your transaction. A fee of 13 sat/vB around that time would be okay, but the bombardment of inscriptions isn't something that one can guess sadly.

[1]https://jochen-hoenicke.de/queue/#BTC,1w,weight

Thank you for your thorough analysis and for shedding light on the frustrating situation surrounding the recent spike in transaction fees due to what seems to be a bombardment of spammy transactions on the Bitcoin network. It's disheartening to see how some individuals misuse the network, causing inconvenience for others like myself who rely on it for legitimate transactions.

Let's hope for swift resolution Smiley Its to crazy
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April 10, 2024, 02:52:34 AM
 #36

From my experience none of the free accelerators found online work, expect for ViaBTC, but your tx fee is still too low to be accepted there. And other than ViaBTC and Binance paid accelerators there aren't any other reputable services you can try. Mempool accelerator seems trustworthy and offers lower prices but it seems like their service is still not running, it's been like that for months now.

Compared to current average fees, your fee is not very low and it's been already more than 24 hours since it was broadcasted. The fees are currently still getting higher during the day but they should start dropping after midnight, and I predict your transaction will get confirmed within the next 12-24 hours. From personal experience, even when using low fees, I've rarely had or seen transactions go unconfirmed more longer than 24-36 hours, unless using an extremely low fee(1-10sat/vB). So, unless this is an emergency, I would not worry about your transaction remaining unconfirmed for much longer.


I hope that it will clear out soon Smiley And I do hope you're right. Its crazy that every time it get close the fees goes up

As predicted, it took less than 12 hours for the transaction to be confirmed. No reason to panic in such situations, as long as you have paid a decent fee your transaction will get accepted at some point. This time you had some bad luck broadcasting your transaction at just the the wrong time and it got stuck for a while, so in the future I would recommend using a fee slightly higher than minimum average to make sure your transaction gets confirmed quicker even in cases of fee jumps like yesterday.

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April 10, 2024, 05:37:10 AM
Merited by RickDeckard (1)
 #37

so in the future I would recommend using a fee slightly higher than minimum average to make sure your transaction gets confirmed quicker even in cases of fee jumps like yesterday.
There is no need to pay higher than the required fee, unless you are in a hurry and you want to make sure that your transaction will be confirmed in the next block. Instead, I recommend using a wallet that supports RBF, so that you can easily replace your transaction with a new one paying higher fee.

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Vladv26
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April 10, 2024, 07:03:47 AM
 #38

so in the future I would recommend using a fee slightly higher than minimum average to make sure your transaction gets confirmed quicker even in cases of fee jumps like yesterday.
There is no need to pay higher than the required fee, unless you are in a hurry and you want to make sure that your transaction will be confirmed in the next block. Instead, I recommend using a wallet that supports RBF, so that you can easily replace your transaction with a new one paying higher fee.
Paying only the required fee is enough in most cases but since the fees are also fluctuating you can sometimes end up in a situation such as the one in the OP. I always used to pay the lowest required fee, depending on how congested the network was, and it happened multiple times for my transaction to get stuck for a much longer period of time than expected. So, just in case you want to avoid any delays and make sure you get the required confirmations within a couple of hours it does not hurt to pay a slightly higher fee. As far as I'm aware RBF only works if you are the sender, so you can't use it while withdrawing BTC from a website for example.

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April 10, 2024, 07:27:39 AM
Merited by RickDeckard (1)
 #39

Paying only the required fee is enough in most cases but since the fees are also fluctuating you can sometimes end up in a situation such as the one in the OP.
That's why I suggested making RBF-enabled transaction. In this way, you don't have to pay fee more than required and you will be able to increase the fee, if needed.

As far as I'm aware RBF only works if you are the sender, so you can't use it while withdrawing BTC from a website for example.
There is no option to set the fee rate in custodial services. In custodial services, you usually pay a fixed withdrawal fee and you aren't the one who set the transaction fee.

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