Post
Topic
Board Web Wallets
Re: blockchain fee and alternatives
by
erikalui
on 01/09/2019, 13:04:51 UTC
Hello,

i´m still "new" in this btc world and i was wondering what should i choose when i send from blockchain example for an amount of 200-600$
we have the option to choose the fee

and are there good alternatives like blockchain (wallet/trading site) with low fee´s where you don´t have to verify your account...

Most web wallets don't require KYC but are not safe while free apps like Jaxx while other apps like Xapo and Crypterium require KYC but are secure in terms of your money being safe but you cannot use them if you receive money from gambling websites (they hold your wallet's private key) unlike Jaxx. Blockchain.info is the most unreliable wallet so don't use it.

Also, fee depends on your incoming transactions (incases you receive amounts below 0.01 BTC) while you can set a low fee for your transactions on almost all wallets. The confirmation time may differ.

Exchange websites can never be considered as wallets. They keep getting hacked so never trust them with your money nor any website which doesn't give you access to your private key.