5/30/2023 0 Comments Electrum dynamic fees![]() The fees will grow based on the number of inputs and size of the transaction, but the actual value doesn't matter. Lately the network has been fairly congested and higher fees have been needed for confirms to happen in a timely manner. I only do a few transfers a week etc but i definitely dont mind it taking a bit of time if i dont need the btc sent there immediately etc.īut why was it back then when i sent a bigger amount of bitcoin, my fees were only like under 15 cents etc?Īlso i heard Viabtc txaccelorator. But when you transfer $500 and it cost $0.55 and say you do this say 10 times a day for example, that surely would add up. Also is electrum similar with the other wallets like blockchain etc? But if you dont need the btc there immediately, im curious if making it very low fees is ever a good idea. Now i know bitcoin is great since you send btc and it gets there fast. However, i don't mind sending bitcoin and it taking say 30 minutes etc assuming i don't need to send the funds there immediately. Is that normal? Like the electrum sending fee is different depending on how much btc you send.ĭo you guys just set whatever the bitcoin fee is for electrum and not change it? I know last time when i made no fee, transfer took very long time. then the fee would be like $0.50, but if i sent 6.2 bitcoin, it would be like $0.80. I was doing some trial and error and noticed if i sent 6 bitcoin. I notice the fee in my electrum wallet was like $0.50 or $0.80 etc. So wouldn't that mean if i send a bigger amount, the fee is $0.50 or even $1? Back not too long ago, I had to send bitcoin and had to send $2000 or $3000 worth of btc each time. Is this the normal sending fee now for electrum? I know there has been lot of electrum upgrades to new versions etc. maybe a little bit more.īack then i recalled each time i sent bitcoin, the fee was like $0.06 or $0.12 max. Is this normal? The person who i sent the bitcoins to received it in about 5 mintues or so. Those times i sent the bitcoin, the fees were $0.17 and $0.28. I have sent $500 worth of bitcoin a few times.
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