Post
Topic
Board Altcoin Discussion
Re: any disadvantages if too high fee?
by
hubballi
on 22/06/2017, 13:26:34 UTC
currently the fee is around 2usd for priority, there is a ICO that I want to participate in, if I pay 10usd as fee I get first in line in mined block to guarantee participation?

is there any disadvantage with having 10usd fee, maybe the transaction get cancelled?

any difference playing 2usd fee, 10usd fee, 100usd fee?
the biggest fee gets first into the mined block?

It is true that paying high fees means your transaction gets confirmed very soon, with little bit of delay, but if you are paying low fee then you can use ViaBTC facility to accelerate your transaction so that it will get included in next block.