Post
Topic
Board Services
Re: ➤➤ DarkStar's Escrow Service | 0.0005 BTC Fee
by
DarkStar_
on 11/01/2018, 16:52:45 UTC
My fee for escrowing will be 0.0005BTC, or 0.8% of the transaction (whichever is greater). Funds will be held in a P2SH nested SegWit address, allowing for lower transaction fees than 'traditional' addresses.
With a fee of $6.699, it is very likely that it will cost you more $ in fees to spend the UTXO than its value (at >300sat/byte; at 100-ish, it would be 1/3 of your fee in transaction fees). You should reconsider going for '0.001' ($13), which is much lower than most escrows anyway.

Fair enough, but I'm not in a huge rush to spend the fees I get (mostly to help people anyway), and the network should clear out eventually, and when it does, I'll probably just do a low fee transaction to consolidate. I think I will increase it a little bit though in case I mess up my coin selection to make it not cost me more to send though.