Post
Topic
Board Electrum
Re: High Fees on Electrum? Normal?
by
BlackBoss_
on 14/05/2024, 01:50:58 UTC
Your screenshot shows that you chose an option Static for fee rate. Let's return to see how many options in Electrum wallet, to choose fee rate, when you broadcast a transaction from Electrum wallet software.

There are three options
- Static
- ETA (Estimated Time of Arrival)
- Mempools

With Static, you choose on fixed fee rate for a transaction today, then tomorrow or in future, when you return to broadcast a new transaction, that chosen fixed (static) fee rate will be used by default.

If you see that fee rate is no longer feasible (because it is expensive now like the screenshot shows), you have to edit the Static fee rate.

You can check your previous transaction with Electrum wallet and see a fee rate used for it. I am sure it is 30 sat/vbyte.