Post
Topic
Board Bitcoin Technical Support
Merits 2 from 1 user
Re: How do I combine small transactions in a ledger wallet
by
mocacinno
on 24/08/2020, 05:44:23 UTC
⭐ Merited by Abdussamad (2)
--snip--

Thanks so much this is awesome.  I'm not familiar with the eletrum UI so this was a great help!  That's the way I'm going to do it, just have to wait for the fees to drop and pick which ones to combine.  Smiley 

I always give the advice to wait untill the feerate drops, but actually i see no harm in creating a transaction with a 1 sat/vbyte fee right now (even if the average feerate is way to high). You can create it and broadcast it, it doesn't matter if it just sits in the mempool. If it gets pruned from the mempool of most nodes in a couple of weeks, you can just rebroadcast it.

The upside from this method is that your transaction will get confirmed if there would be a very short dip in the total size of the mempool, and if there's a systematical decline, your transaction will get into a block as soon as it's in the tip of the mempool.
The downside is that it's possible you'll have to rebroadcast.