Post
Topic
Board Beginners & Help
Re: Which transfer fee to pick?
by
BIT-BENDER
on 22/05/2021, 17:27:27 UTC
Hi,

I'm looking to do my first transfer, its more of a test really. I want to move the very small amount I have from my Electrum software wallet to cold storage.

I'm not fussed about it being a super fast transfer, but I don't want it to not get confirmed either. The lowest I can do is 20 sat/b, but the next level up is 119 sat/b, but that's 50% of the BTC I'm trying to transfer. If I do it on the lowest one, is it likely it won't get confirmed? Or will I just have to live with the loss and use the 119 sat/b?

Thanks all.
I use 30 sat/byt but how fast my transaction goes is dependant on Factors, some of my transaction using that fee can be very fast or can last up to 4 days but for sure I haven't made any transaction that did not confirm or go through, I don't think you should rack your brains about if it would go through except you made mistakes while making the transaction. So now it's your choice a higher fee or bumping the fee can slash the time period for your transaction to be confirmed a low fee  transactions are not taking up readily by miners like a high fee.