How do you ensure that you are not paying too much for a transaction, Talking about transaction fees, how many sat/byte do you use for transactions? Do you increase and decrease it depending on how quickly you want the transaction to be processed or how big or small the transactions value is? Do you use a fixed amount for transactions?
I am not in a hurry when i am withdrawing or converting so meaning that I only use the lowest it can be because i can wait for days since like what i said it is not for hurry.
though I have used that increasing of fees twice if I'm not mistaken because of the urgent need so i have no choice but to increase its fee in transaction.
Completely agree. While you have enough time, why to pay more?
Yes, that is true, but as explain by @dkbit98, if you want to get your transaction confirmed then pay higher fees. However, there are times as well that the mempool transaction fees changes, as it is dynamically base on the number of incoming transactions.
Like what I did a couple of hours ago, the median is around 2-3 sats/vB, but suddenly it became a low priority.
So I'm like waiting for 9 hours already, but hasn't got any confirmation yet. But I'm not in a hurry though, so it's ok. Maybe later it will clear out.