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Author Topic: should i add a tx fee to a coldwallet?  (Read 1397 times)
bitebits
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May 24, 2014, 09:46:55 PM
 #21

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.

Please read his post again, I dare to disagree.

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byt411
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May 24, 2014, 09:50:17 PM
 #22

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.

Please read his post again, I dare to disagree.

I don't agree with you. He is asking if he should, because he wants to get the entire bitcoin back, and he wants to know if he can send without fee in the future.
bitebits
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May 24, 2014, 09:54:19 PM
 #23

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.

Please read his post again, I dare to disagree.

I don't agree with you. He is asking if he should, because he wants to get the entire bitcoin back, and he wants to know if he can send without fee in the future.

That really is your own interpretation. So please try to not judge too quickly about the ability to read of others.

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byt411
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May 24, 2014, 09:56:35 PM
 #24

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.

Please read his post again, I dare to disagree.

I don't agree with you. He is asking if he should, because he wants to get the entire bitcoin back, and he wants to know if he can send without fee in the future.

That really is your own interpretation. So please try to not judge too quickly about the ability to read of others.

If he thinks that he can't transfer the BTC without adding a fee, he would ask:
"Do I have to add extra to cover a future transaction fee?"
But he is asking:
Should I add extra to cover a future tx fee?

Should and Must are 2 very different things.
phillipsjk
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May 24, 2014, 10:00:28 PM
 #25

The OP was also asking about storing 1BTC. Fees are not needed to move it again after waiting 1 day.

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May 25, 2014, 01:01:34 AM
 #26

There's no way to know what the fee criteria will be in one or two years.

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hystericG
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May 25, 2014, 03:47:20 AM
 #27

There's no way to know what the fee criteria will be in one or two years.

Read an article that Bitcoin fees will probably be reduced with such current high prices.
Ron~Popeil
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May 25, 2014, 05:05:25 AM
 #28

It isn't a lot to include. I might do .001 just to be certain. That would cover it even if fees somehow skyrocket.

Abdussamad
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May 25, 2014, 11:19:32 AM
 #29

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. 
 

No. Old coins don't need to pay any fee.
odolvlobo
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May 28, 2014, 12:02:10 AM
 #30

There is no reason why the fee has to come out of the cold storage address. If he imports the cold storage private key, then there is no fee. If he later wants to send the imported 1 BTC, the fee could come from another address in the wallet.

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