Re: Are you using low fees?

Blockchain.info wallet implemented "priority" and "regular" fee. Last night I sent $200 worth with $8 fee and it got confirmed in 1.5 hrs.

Do you think it's fair with the transaction you did with them? $8 fee is a very big amount and 1.5 hours isn't that fast with that fee.

I will guess that it is a priority fee, I've been using blockchain.info with their regular and recommended fee.

I haven't tried to adjust the fees and there's no problem to me, it's not even getting delayed for so many hours just like others are complaining.

I am pretty sure that it depends on how fast the person needs the money by because spending a more than a couple of dollars just so another person can get the money is not really a smart thing to do if the person can wait for it. I would spend less than a dollar for the transaction and the transaction would get confirmed within twenty four hours and I dont have to worry on someone not receiving the money in time.

To be honest, have to agree that 4% fee for that amount of money is very expensive for 1.5 hours! Western Union and Paypal get it there in a minute for almost the same fee, actually, less... I don't mind 24 hours or even 72 hours when I get payment. But it's too bad some sites have expiry on deposit time.

Yezzir. It's cool to send a snail fee when I'm moving money between wallets, but if I have to pay a time sensitive address nowadays, I'm too scared not to max out the fees; the risk of having it confirm too late, and the PITA that is trying to explain to support what happened to your bitcoin payment Wink

same with moving money between exchanges, now a days I'm pretty much gonna convert it to Doge or LTC, just to ensure timely receipt (let me tell you about another PITA, watching the price sink while waiting for confirmations at an exchange Wink

)