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Showing 11 of 11 results by Ishaq47
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Re: Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
Ishaq47
on 09/02/2021, 15:47:09 UTC
So on the android wallet i'll have around 35000 satoshi, will this be enough to complete the CPFP?
At the moment, no. You currently need a fee of around 120 sats/vbyte to get in to the next block.

Assuming your CPFP transaction is around 300 vbytes in size, then combining that with your current transaction of 369 vbytes which pas 932 sats, then your new transaction would need to pay a total fee of ~80,000 sats. You can pay all 35,000 sats as a fee, but that would only bring you to an equivalent rate of around 52 sats/vbyte, which at the moment is still around 7 MB from the tip. That's still a lot higher than your currently unconfirmed transaction though, and might confirm within the next 12-24.

Hey @oeleo I got myself some funds on the android wallet and think I did the CPFP, I emptied the whole wallet and used priority fee's so paid 20$ fee.

I've sent the funds to the same binance deposit wallet and I've checked blockchain but I'm not sure if I did it correctly.

This is the blockchain link of the deposit adress with the previous and new deposit transactions the cpfp transaction has a 144.157 sat/B fee

https://www.blockchain.com/btc/address/12PmqFhxMXFikqJwjjgYVWx83uTR6Ux6cS

Did I do the CPFP method correctly anyone? ^^

Thanks
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Board Bitcoin Technical Support
Re: Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
Ishaq47
on 08/02/2021, 18:02:00 UTC
I don't know how the mempool works but waiting 2-3weeks to potentially get the BTC back on the android wallet feels also like a waste

Well, using a proper wallet with RBF enabled, you'd be able to increase the fee afterwards by replacing the transaction with a new one paying a higher fee.
Unfortunately your mobile wallet doesn't allow to do that.

While switching to a better wallet won't help you now, it might save your some headache in the future.



@bob123 you are completely right, I immediatly installed samourai for future transactions. Smiley Also feel kinda ripped off by the fact that this Android wallet was being promoted as having "Full Fee Control" and having RBF;

Only to afterwards see that RBF is disabled and fee control is barely there they give you 3 options only and these options wouldn't even tell you how much sat/b the fee's are Huh
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Board Bitcoin Technical Support
Re: Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
Ishaq47
on 08/02/2021, 16:33:13 UTC
I deposited around 30€ on binance to put these on my android wallet to do the CPFP but I noticed that after sending via Binance my wallet will receive only 0.00034659 BTC (12€)
I don't follow where you have lost 18€ in fees. Did you withdraw money from Binance to your Android wallet for the sole purpose of performing a CPFP? And Binance's withdrawal fee is 0.0005 BTC? That's ridiculous.

Assuming your CPFP transaction is around 300 vbytes in size, then combining that with your current transaction of 369 vbytes which pas 932 sats, then your new transaction would need to pay a total fee of ~80,000 sats. You can pay all 35,000 sats as a fee, but that would only bring you to an equivalent rate of around 52 sats/vbyte, which at the moment is still around 7 MB from the tip. That's still a lot higher than your currently unconfirmed transaction though, and might confirm within the next 12-24.

Haven't done it yet though, like you guys are saying it seems like such a waste to use those 30€ on binance to CPFP.

I did need the initial transaction urgently but if I can save like 30€ just by waiting I think i'll just wait untill the BTC gets refunded to my android wallet.

Also what I find kinda silly is that If the transaction has 0 confirms in over 48hours that it should be automatically dropped from the mempool.

I don't know how the mempool works but waiting 2-3weeks to potentially get the BTC back on the android wallet feels also like a waste

And these TX accelerators are the biggest joke yet these want to charge me 170$ for a 175$ btc transaction lmao
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Board Bitcoin Technical Support
Re: Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
Ishaq47
on 08/02/2021, 16:09:17 UTC
So on the android wallet i'll have around 35000 satoshi, will this be enough to complete the CPFP?
However, if you want to do it, then make sure to use a different wallet where you can exactly choose the UTXO and the appropriate fee yourself (e.g. electrum) by exporting/importing the private key or mnemonic code.

How can I export/import the keys from the android wallet? I believe there's only a backup file that's encrypted. I searched how to decrypt but don't understand what to do
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Re: Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
Ishaq47
on 08/02/2021, 14:45:34 UTC
Hey guys

I deposited around 30€ on binance to put these on my android wallet to do the CPFP but I noticed that after sending via Binance my wallet will receive only 0.00034659 BTC (12€)

So on the android wallet i'll have around 35000 satoshi, will this be enough to complete the CPFP?

@mikeywith & @hosseinimr93
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Re: Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
Ishaq47
on 07/02/2021, 22:31:58 UTC
I assume that I will have to send as "priority"? I believe this is the highest fee I can do use this android wallet right?

The priority will not be enough, it will probably just check the total of the highest paying 1MB worth of transactions and adds a few sats on top, which won't be enough in your case, of course, it will speed up the stuck transaction by a lot, but don't expect to get 1-5 block confirmation. I have not used this wallet but they mention "Full control over fees" on their website, which means if you dig a little you would find "custom" fees or something like that.


They promote it as full control over fee and they mention RBF and CPFP but used their wallet and RBF isn't even enabled

I'll take a look to see if a custom fee is possible and otherwise i'll just use priority and hope the transaction eventually goes through.
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Re: Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
Ishaq47
on 07/02/2021, 22:08:59 UTC
Conversely, given how full the mempool is with low fee transactions, and it showing no sign of clearing down to 2.5 sats/vbyte anytime soon, you could be waiting for a week or more for your transaction to confirm, or it might never confirm at all and be dropped from the mempool.

I see over a 100MB of the transaction with fees above 3 sats/byte, chances are his transaction will eventually drop in two weeks or so. Cry

OP, your only two options are CPFP and paid transaction accelerators such as Viabtc and Poolin, you need to run the math for both and see if any of those options makes economical sense to you, if not which is more likely - patience is king.


So if I would deposit let's say 50$ on my android wallet and send that 50$ to another wallet (for example binance) with a good fee, miners would pick up the transactions and they will confirm?

The current priority fee is 100 sat/byte, you paid 2.5 sat per byte for a 369-byte transaction so that's a total of 0.00000932 BTC, so you are short of 0.000369 BTC, paying 100 sat/byte for the child transaction won't guarantee your transaction to go through, you need to add that extra missing 0.000369 BTC so that the average fee of both transactions is 100 sats/byte.

Hey @mikeywith

I really wouldn't mind paying a big ass fee to make up my mistake sending as economic fee, the issue is that this shite wallet i'm using only gives me 3 options regarding the fee and those are Economic/Normal/Priority

I assume that I will have to send as "priority"? I believe this is the highest fee I can do use this android wallet right?
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Re: Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
Ishaq47
on 07/02/2021, 21:34:58 UTC
It seems like the bc1 address is indeed you change address then, but your wallet has automatically sent the change from your legacy outputs to a segwit address. I wasn't aware that Bitcoin Wallet for Android did this.

You can use this 747 satoshi to perform a CPFP transaction, but the problem you have now is that it is not enough to perform a CPFP transaction by itself. You would need to deposit additional funds to your wallet, and then spend those additional funds along with the 747 satoshi in a further transaction. While possible, this becomes significantly more costly since you have to make two further transactions and your second transaction needs to include two inputs.

Conversely, given how full the mempool is with low fee transactions, and it showing no sign of clearing down to 2.5 sats/vbyte anytime soon, you could be waiting for a week or more for your transaction to confirm, or it might never confirm at all and be dropped from the mempool. If this were to happen, then you can simply try to make the same transaction again but ensure you pay a higher fee this time.

Thanks for your input.

Another question @oeleo

So if I would deposit let's say 50$ on my android wallet and send that 50$ to another wallet (for example binance) with a good fee, miners would pick up the transactions and they will confirm?
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Re: Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
Ishaq47
on 07/02/2021, 21:10:10 UTC
Hey oeleo

I just checked my Bitcoin Wallet app and I can't seem to find the bc1 address in my 'address book' but I did notice that after doing this deposit i've sent I'm left with exactly 747satoshi on my android btc wallet

So maybe that bc1 address is the wallet that I sent from?

This is kind of confusing for a noob like myself. will be using an RBF enabled android wallet in the future for sure!

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Re: Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
Ishaq47
on 07/02/2021, 20:35:29 UTC
I also noticed RBF not being enabled.

Can I do the CPFP method and if so how should I be doing this?

Thanks for your reply though
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Merits 4 from 3 users
Topic OP
Deposit to Binance unconfirmed after 48hours using Android Bitcoin Wallet
by
Ishaq47
on 07/02/2021, 20:22:09 UTC
⭐ Merited by o_e_l_e_o (2) ,Rath_ (1) ,ETFbitcoin (1)
I'm pretty new to crypto, I tried depositing around 175$ in BTC to Binance using the android Bitcoin Wallet.

Before sending I didn't notice that the fee was set to "economic". Because of this the transaction was made with only 2.5sat/b fee and has been in the mempool for almost 2 days.

Is there any way for me to increase the fee or to get this transaction confirmed?

https://www.blockchain.com/btc/tx/ec032e96255bcd75d87e48260dced449190a950598b40812d5a79aacceee7b18

Any advice would be very much appreciated!