Post
Topic
Board Bitcoin Discussion
Re: How high can the transaction fees become?
by
BlackBoss_
on 17/11/2023, 01:45:59 UTC
Have there been made any calculations how high the transaction fees for bitcoin main network could get in the future?
You can check mempools there. The first website is more easily to use but if you need some advance, use the second website.
https://mempool.space/
https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight

Quote
I currently have my BTC stored on a MultiSig cold wallet, which can't be connected to a lightning node. Do you think it's a better idea to move them to a lightning wallet like on electrum for example before the transaction fees get too high? I want to avoid paying a big amount just for one transaction in the main network
You can use Lightning Network in Electrum wallet but you have to open your channel.

Basics of the Lightning Network
Electrum Lightning Network walkthrough
The Lightning Network FAQ
[Complete] A fortnight of lessons on the lightning network
Overview of lightning network nodes owned by forum users