Here is some other feedback I'm getting, can anyone confirm or deny this?

"Some wallets allow you to set the fee per category like economy , normal , fast at different fee rates

Others allow the above but also allow you to manually type in the exact fee to get much cheaper rates . Thus checking here https://bitcoinfees.21.co tells you on average how many blocks to get your first confirmation .

You send a tx , it shows instantly , but it is unconfirmed until included in a block.

Thus by manually setting the fee you can see that its fine to wait 2 blocks at 10-20 sats per byte , thus avg tx size 226 bytes x 10 sats = 2260 satoshis tx fee or 11 cents instead of a couple dollars other wallets might charge you due not being as precise with the fee market


If you are dealing with small amounts it is critical that you control the amount of the fee manually so you aren't overcharged. Therefore you need to use airbitz or green address that allow this. Trezor/ledger/core allow this too. study this page - https://bitcoinfees.21.co

If you are paying high fees in bitcoin right now it means you are using a wallet that guesses the fee wrong and just need to switch wallets.

Also keep in mind that txs fees are priced in bitcoins and not USD , therefore when bitcoin is very valuable the fees can go up as well. The altcoin Bcash is worth a fraction of what bitcoin is and blocks are almost completely empty because few people use that alt and almost no merchants accept them so you really cannot compare it directly with bitcoin"

"Example- right now 130 sat will likely get in immediately, thus that is

130x226bytes= 29380 sats or 1.44 usd , but will segwit(sending from a segwit address) it will likely be 70c to 1 usd "