Post
Topic
Board Trading Discussion
Re: very high fees on exodus when trying to send bitcoin
by
Silberman
on 22/03/2021, 04:05:31 UTC
Hi, so I have an account on coinbase as well as an exodus wallet. So I know the basics about how bitcoin works and how to buy and store it.
Exodus supports Replace-by-Fee:
- Exodus supports RBF
- Guide from Exodus to set Bitcoin custom fee

You can check the mempool and find the best transaction fee with your readily waiting time for your transaction. If you can wait 1 hour for first confirmation, you can choose fee with size in the mempool about +/- 6 MB from the tip (one block takes max 1 MB from the tip with jochen-hoenicke.de chart)
https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight

Wow, I didn't even see that was there! Okay so if I set it to say, the lowest fee on there, how long would that take about? An hour?
In order to know that you will need to check the third link of the post you are quoting, fees change and are dynamic, sometimes you can get a confirmation with just a very small fee but sometimes you need a higher one, now if you do not feel comfortable using exodus to send your coins then you could copy your private key and then export it to a wallet like electrum, this is a relatively easy process but you need to be careful to never share it with anyone.