withdrawal fees are way to high last couple of days using ETA. ive never used static or mempool option to do a transaction.
i want to move 0.005 bitcoin and it costs 0.025 using ETA
when i click static and the lowest fee 0.0000002
if i choose the lowest fee using static will the transaction go through for sure. and how long will it take at the moment?
why wouldnt everyone just pick static lowest transaction fee when doing bitcoin transactions?
Static options do not consider market fee conditions, while Mempool and ETA options suggest fees according to market conditions.
So even though you get the lowest fee on the Static option, when the transaction is broadcast, the fee must still be adjusted to the current market conditions.
For this reason, you may find transactions that use the RBF or CPFP features to increase fees according to market conditions so that transactions can be processed immediately, e.g.:
Please read the following link to add to your insight regarding the differences between the three fee estimation algorithm options:
https://bitcoinelectrum.com/how-to-manually-set-transaction-fees/