Quote from: noictib on September 02, 2017, 01:52:13 AM

Quote from: timerland on September 02, 2017, 01:42:14 AM

Quote from: New2coin on September 02, 2017, 01:36:11 AM

Thanks for the replies! From more research it looks like by setting the fee manually, which some wallets allow the fee to be set manually could be a fraction of the price? Although it might now be accepted right away, would have to wait for a block. Any truth to this and how much cheaper?

you can set your fee manually and from experience there are a few wallets that lets you easily do this. Bitcoin core let's you do this(obviously). Blockchain.info has a custom send feature in which you can send with a manually set fee. Electrum let's you choose the level of fees you would want to pay. I'm not sure whether you can choose exact values but it should be close enough. Copay is somewhat like electrum but with even less flexibility.

Think of miner fees as a fee you pay them for a confirmation on your transaction, so that your transaction is proven to be valid and not a double spend. I would not recommend going below the recommended fee level unless you are confident you can accelerate your tx or you don't care about your transaction being stuck.

Yeah , with manual low fee pay for the transaction we need to wait longer time for the confirmation because sometimes conditions not remain simple for the amount of the bitcoin for which we arr going to make transaction .
Here you need to know that in the transaction fee a factor of input and output works and that things specify the fee that is needed to pay and for getting confirmation easily .
If you are sending 1btc which you got from 10 people then surely the fee wilp be High , and if the amount of bitcoin that you want send you got from the single or less no. Of transaction then it will require less fee than what we needed in first case .
So with the trick you can specify that how much fee can me high for a transaction .
Here my suggestion for the OP is to use the recommended fee because in manual fee we can't make sure that transaction will get confirm easily .

So when you say it will take longer to get confirmed but it will eventually get confirmed? Honestly I'll probably just pay the regular fee to send, if I even do. (Legacy > Segwit)

Just for my curiosity...I don't understand how you pick the fee manually, just come up with a number? What if it was so low it didn't get accepted, would it sit in pending and eventually cancel?