Post
Topic
Board Electrum
Merits 1 from 1 user
Re: High Fees on Electrum? Normal?
by
nc50lc
on 12/05/2024, 06:34:28 UTC
⭐ Merited by Asuspawer09 (1)
-snip-
Am I missing something here?
The issue is a combination of using mid range of "static" fee slider @30sat/vB and the size of your transaction which is 2045vB.
The screenshot shows the simple formula on how to compute the absolute fee.

If you want to minimize it, set it to the current optimal which is 12sat/vB (same thing you'll get with "mempool" slider at '0.8mb from tip')
And more importantly, select only a few large UTXO to send since your transaction probably has lots of inputs for reaching 2045vB size.
To do that: enable and go to 'Coins' tab (View->Show Coins), multi-select some UTXO that are enough to pay your recipient, right-click and select "Add to coin control".