Post
Topic
Board Electrum
Re: High Fees on Electrum? Normal?
by
Cookdata
on 12/05/2024, 08:05:45 UTC



Do this one and make the fees lower to what I normally expected  Smiley Is this right? Set it to around 12sats since that is what's in the high priority of mempool.

With this, you should be able to make your transaction, thr fee amount wouldn't be more than ~$2.1 or better still check mempool again if the fee rate has increased or decrease before you broadcast the transaction.

Quote
Didn't know about his coins, static, add to control, etc. seems new to me, I usually just send it directly and the fees are lower and match on the mempool I didn't need to do this setup is it new?, thanks a lot!

As he said earlier, you don't really have to worry about this though, as your fee rate isn't that much but there is disadvantage in consolidating many inputs in single transaction because it's break your privacy completely and chain observers can easily guess the destination of transactions.

For next time, you can learn to use it so you don't have to spend all your inputs when you want to spend just a little amount of bitcoin, because by default electrum will spend everything(all inputs) and give you a change in another address.