Post
Topic
Board Wallet software
Re: Wallet with lowest fees (Online and/or iOS)
by
HCP
on 07/05/2020, 00:13:30 UTC
Do you know of a more balanced wallet for transactions ?
Can you write your transaction fees at the very moment you answer?
Just find a wallet that lets you specify the fee rate to be used.

If you want an iOS one, I'd also recommend "BRD" wallet.


Note that there can be a natural variance of the total fee paid depending on the the data size of the transaction you are sending... it's not dependent on the BTC value being sent, but the number of inputs and outputs being generated.

It is entirely possible to send 2 transactions, both of which send the same amount of BTC... to have wildly different total fees... even if you set both to use a fee rate of 1 sat/byte.

Example:
- TransactionA, has 1 (legacy) input and generates 2 outputs... it'll be around 226 bytes in size... and at 1 sat/byte, would have a fee of 226 sats.
- TransactionB, has 100 (legacy) inputs and generates 2 outputs... it'll be around 15000 bytes in size... and even at 1 sat/byte, would have a fee of ~15000 sats.


The exact numbers are a little different with SegWit and "weight" and virtualBytes etc... but generally, the more inputs you need to use, the larger your transactions data size, and therefore it's total fee, will be.