should i add a tx fee to a coldwallet?

[hikedoon]

 I'm printing out my first cold wallet with 1BTC on it to keep long term.I plan to HODL for at least a few years.
 Should I add extra to cover a future tx fee? If yes, then what tx fee would you recommend I add?
 Thanks. 
 

[jonald_fyookball]

You can if it gives you piece of mind.  Just make it like 1.0005

[cp1]

If you want that address to have exactly 1.00000 then you'll need to spend a total of 1.001.

[keithers]

I would do it...adding that tiny transaction fee is probably less money than you could find if you lifted the cushions of your couch.  There really isn't a reason not to...

[jonald_fyookball]

If you want that address to have exactly 1.00000 then you'll need to spend a total of 1.001.

Where did you get that figure ?

[byt411]

If you want that address to have exactly 1.00000 then you'll need to spend a total of 1.001.

Where did you get that figure ?

I assume that was a typo, he means 1.0001BTC.

[fbueller]

1BTC is above the relay limit, so you shouldn't even need to include a fee, depending on how recently you received the coins. I've made a few transactions lately with no fee, and it's not too long until it confirms. If it confirms in a few hours, who cares? its going to cold storage!

You could include a fee for when you're redeeming your money in a few years time, for the laugh, so you still have 1 whole bitcoin when you move it.. I wonder how much a tx fee now will be worth then!

[cp1]

If you want that address to have exactly 1.00000 then you'll need to spend a total of 1.001.

Where did you get that figure ?

I assume that was a typo, he means 1.0001BTC.

Oops, yes I made a typo.

[jonald_fyookball]

https://en.bitcoin.it/wiki/Transaction_fees

Fees are mostly optional, and I don't see that changing in the next 2-3 years.
Maybe things will be different in 20 years.

[zimmah]

you don't really need transfer fees, as they are optional. Especially large transactions and coins that have been unspent for a long time are high-priority by default.


But if you really want to be 100% sure of a fast transaction you may include a small fee

[hikedoon]

  Thanks for the replies people.  I'll load an extra 0.0001 to the 1 BTC coldwallet. That should cover any future tx fee if I sell it.
  I was thinking the same thing fbueller about how much a tx fee from now will be worth in the future.
                                        

[Meuh6879]

You can if it gives you piece of mind.  Just make it like 1.0005

same thing, i have added 0,5-0,6 mBTC for fee transaction at the whole amount of my cold storage ... in case of.

[bitebits]

You can if it gives you piece of mind.  Just make it like 1.0005

same thing, i have added 0,5-0,6 mBTC for fee transaction at the whole amount of my cold storage ... in case of.

In case of what exactly? You will just maybe be able to transfer <1BTC from your cold storage in case of a required transaction fee. That's all.

[byt411]

You can if it gives you piece of mind.  Just make it like 1.0005

same thing, i have added 0,5-0,6 mBTC for fee transaction at the whole amount of my cold storage ... in case of.

In case of what exactly? You will just be able to transfer <1BTC into your hot wallet. That's all.

To pay the transaction fee. Have you even bothered to read the post or the thread?

[Meuh6879]

it's for RoooOOOUUUNNNnnnnd bitcoin ... like 10 000 000,0005 BTC  
when you transfer this, you have the 10 000 000 BTC ... and not 9 999 999, 9998  

[phillipsjk]

Cold wallets don't really need a fee. Old coins get priority when they move.

[byt411]

Cold wallets don't really need a fee. Old coins get priority when they move.

You don't know when you need the funds. You might suddenly need them tomorrow.

[bitebits]

Cold wallets don't really need a fee. Old coins get priority when they move.

You don't know when you need the funds. You might suddenly need them tomorrow.

The OP might get the misunderstanding that he can't transfer the 1BTC in case he does not add an additional amount as an transaction fee..

[byt411]

Cold wallets don't really need a fee. Old coins get priority when they move.

You don't know when you need the funds. You might suddenly need them tomorrow.

The OP might get the misunderstanding that he can't transfer the 1BTC in case he does not add an additional amount as an transaction fee..

If you had the ability to read the original post, you would understand that he knows that transaction fees are optional, and he is just asking how much he should add.

[phillipsjk]

You don't know when you need the funds. You might suddenly need them tomorrow.

That may be enough time to make the transaction high priority, depending on the amount.

Transaction priority is calculated as a value-weighted sum of input age, divided by transaction size in bytes:

Code:

priority = sum(input_value_in_base_units * input_age)/size_in_bytes

Transactions need to have a priority above 57,600,000 to avoid the enforced limit (as of client version 0.3.21). This threshold is written in the code as COIN * 144 / 250, suggesting that the threshold represents a one day old, 1 btc coin (144 is the expected number of blocks per day) and a transaction size of 250 bytes.

- Bitcoin Wiki: Transaction fees