Re: [ASK] High fees because sending too many small transaction to one address.

Quote from: fuadiansyah on August 30, 2018, 02:00:20 PM

Hi,

I just realize my mistake of sending too many small transaction into same address.
I ended up that I need to pay high fees to send my coin as it takes much more storage.

One of my friend tell me that I need to send my coin into myself. If so, do I still need to pay the fee?
What is the best way to solve this issue?
Thank you.

Agreed each transactions are in need of payment or rather fee's just to work on the traffic and sending and stuffs. Also sending it to your self? Why not but a big amount to send it to your self and to see if the fee prices changed go ahead but be ready to make it sure that the fee you are hoing to lose is high.

Solving this issue is make a move about it and make a research like this link from an early poster.

Quote from: LoyceV on August 30, 2018, 02:09:33 PM

You're going to want to read this: Fees are low, use this opportunity to Consolidate your small inputs!
Bitcoin transactions don't care who you send funds to, you always have to pay fees. But 1 sat/byte is enough, and if your wallet doesn't allow it, you should export your private key(s) to a wallet that allows you to set your own fee.

An interesting output of knowledge that I have ever read this information can be much handy rather than mine.