Post
Topic
Board Bitcoin Technical Support
Re: How do I combine small transactions in a ledger wallet
by
TryNinja
on 21/08/2020, 15:17:21 UTC
Hi.  I have my BTC stored on ledger.  Most incoming transactions have been smaller ones from my mining pool.  When i tried to send my BTC out however the transaction fee was $129 USD as I assume all the small incoming transactions creates alot of input/outputs driving up the fee.  Is there some way I can combine the balance in my ledger account so that it sends as a regular transaction with normal BTC fees?
If you are not in a hurry to send the transaction, just send everything you have to yourself with a 1 sat/byte transaction. This will combine all the inputs in 1 output. Then, when you decide to spend those coins, you can spend all of them with the fee you want (e.g 20 sat/byte) and only pay that for a 1 input tx transaction.

Basically what ranochigo said above.