Post
Topic
Board Web Wallets
Re: Exaggerated Fee on blockchain ($134)
by
error08
on 31/10/2020, 19:30:58 UTC
Since august blockchain network fee increase prices faster but I have an unusual situation, today I try to send BTC to another wallet and Fee is $134 (0.0101384) or 240 satochis aprox. I'm very disappointed with this situation because obviously, I can't move my BTC out of blockchain with this absurd fee.
Someone know why I have this problem and how I can fix, thank u!


When bitcoin prices arise and many transactions waiting on the mempool, higher fees can't be avoided.
What kind of wallet do you use? Obviously, you need to change your wallet which allows you to customize the fee and using segwit address will be better because you can lower the suggested fee by 40%. Currently, the fastest estimated fee is 322 satoshis/byte but if you manage to adjust the fee to 155 sat/vB, it will be confirmed within 6 hours, if you're willing to wait.