Post
Topic
Board Electrum
Re: What is minimum safe amount of fee that can be set manually in Electrum wallet?
by
o_e_l_e_o
on 03/06/2020, 19:40:22 UTC
Can I use lightning network to solve this problem and send my BTC as fast as possible before the exchange rate drops?
If the exchange you are using accepts Lightning payments, then yes, you could send your bitcoin via Lightning and have it arrive almost instantly. Blockchain.com does not support this though, so you will need to look in to using another wallet. Lightning channels also need funded in advance by making a standard on-chain transaction, so you can't take advantage of a sudden price surge to sell immediately unless you have planned ahead and have your bitcoin already in an open channel.

The simplest option for you to avoid this kind of scenario in the future is to click "Customize Fee" within your Blockchain.com wallet, and pick a fee yourself based on how full the mempool is, rather than just accepting the fee that Blockchain.com tells you to use. Automated fee algorithms are notoriously inaccurate.