Post
Topic
Board Beginners & Help
Re: Question about paper wallets
by
SeriouslyGiveaway
on 11/07/2023, 06:42:26 UTC
If I have a paper wallet that has .001 btc, could this be worthless in the future because when I sweep the funds the fee is so high?
I believe in future it will still be usable.

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How about if I have a paper wallet with .005 btc, assuming it was funded with 5 separate transactions of .001
If each 0.001 BTC is good to use for a transaction or sweep, you can use each of 0.001BTC UTXO for one transaction. You can consolidate those 5 UTXOs to one, when transaction fee is low in BTC, and use it for your transaction to another person, purchase or wallet sweep.

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trying to learn more and educate myself about the technical side of Bitcoin and sweeping and utxos and how high fees in the future could be an issue for small paper wallets like this
Transaction fee is expensive usually because of high price of Bitcoin and high fee rate. If you hold your bitcoin, you will not feel hurry to move your coin when transaction fee is high and you can move it when fee is lower.

https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3y

Average Bitcoin transaction fee is about 0.000032 BTC ($0.97) but it can be higher or lower some times. 0.000032 BTC is very smaller than 0.001 BTC.