Post
Topic
Board Electrum
Re: New to Electrum help
by
jose78305
on 15/02/2021, 04:21:01 UTC
There shouldn't be much problem with the fee if it's just once a month, you'll only generate 12 unspent outputs per year;
but that depends on the amount of each monthly transactions and how you're planning to spend them.

If you're going to send all of the funds in one go, you should follow the reply above to consolidate your funds when the average fee is low.
But if your inputs (each 'deposit' or two) are large enough to fill your typical spends, then you don't have to consolidate.

Ok thank you, and in the preference options there is "Batch RBF transactions" what does it do?
If you have "unconfirmed transactions" in the history that are flagged as RBF (replaceable) and you're going to send another transaction, the one in the history will be combined to your new transaction.
That will enable you to save some fees by combining two transactions that's lower in size compared to two separate transactions.
Ok so if I transfer all my Bitcoins from my current wallet to Electrum there shouldn't be any issue later if I send a small amount of Bitcoins. What I mean is there shouldn't be any issue by having a large transaction and then small ones right?