Anyhow, here's my dilema: I've been slowly accumulating Satoshis this year, and I also bought a cold storage wallet recently. I tried today to move a small amount of BTC to the wallet as a "test" transaction to insure it went to the designated wallet, but the fee was a lot of money in my opinion.
Slowly accumulating satoshis this year, does it mean you do multiple purchases, not only one?
It's good that you can spend money to buy a cold storage wallet but this is strange that you can not spend some money for transaction fee.
Cold storage wallet is good but if you can not have more money for it, you can use free wallet software, open source like Electrum wallet. You can set it up as single signature wallet or multi signature wallet, free.
Transaction fee now is cheaper than weeks or months ago and gives you good time for practice with on-chain transactions, pay fee.
If you have been accumulating bitcoin since start of 2024, you would have known about some worse times with more expensive transaction fee last 5 months.
https://jochen-hoenicke.de/queue/#BTC,6m,weightYes, I buy small amounts of Satoshis every week when I get paid.
Usually between 10-30K Sats.
I can afford the fee, but I find it unreasonably high.
For example, this week I only bought 10K Sats, which cost me around 70 USD$,
but the fee for my "test" transaction is 6K Sats....so the majority of what I bought will now be lost. 😞