Post
Topic
Board Bitcoin Technical Support
Re: Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
bob123
on 08/02/2021, 18:53:17 UTC
@bob123 you are completely right, I immediatly installed samourai for future transactions. Smiley

Samourai definitely is a good choice.



Only to afterwards see that RBF is disabled and fee control is barely there they give you 3 options only and these options wouldn't even tell you how much sat/b the fee's are Huh

But that's weird. If it promotes having RBF, then there might be an option somewhere? But nonetheless.. only offering to choose between 3 options for a fee is incredibly bad.
Samourai is definitely the better choice here.



Can I ask something since you already mention this. I notice that Electrum Mobile Wallet is giving an option about replaceable transaction. Is this the same stuff that can make the user change the transaction fee for the existing transaction?

*I always choose no on that option because I thought that I might commit double spend if send again another transaction while the first transaction is still unconfirmed.  Cheesy

Yes, this setting is exactly that, enabling Replace-By-Fee (RBF).

Well, it actually is a double spend. But by using the "bump fee" feature, you are double-spending the same UTXO in a new transaction to the same recipient. Just with a higher fee.
It could be exploited to make a double-spend sending the funds to yourself. And that's the reason no one should accept 0-conf transactions. Especially if the RBF flag is set.

There is rarely any use case where RBF does harm you. Close to no one accepts 0-conf transactions. And after the 1st confirmation, the RBF flag gets "useless". The TX can only be replaced while it is unconfirmed.

You don't need to worry enabling that feature Smiley