Reduce transaction fees

[Zaibi Zia 22]

It's critical to set not very low commissions. Since you can hold up quite a while. I as of late sent myetherwallet tokens somewhat amiss with the commission. My exchange has not been checked for 2 days. You have an away from of the hindrance of some digital forms of money. They have to work better so that there are no deferrals in the system by any stretch of the imagination.

[bitcoinb 1359]

On 10/9/2019 at 2:49 PM, hexwin said:

Everyone should know how to reduce fees when sending Bitcoins.

It is best to check mempool to see if there are to many stuck transactions.

- Use Electrum wallet and adjust edit fee manually 

- Use Ledger wallet and Seqwit addresses

Electrum is not the only one where we can set transaction fees manually. A lot of wallet offer this option. For exemple Atomic Wallet. Few days ago I sent an ETH transaction with minimal transaction fees and the tra,sactions speed wasn't impacted. Same for Dogecoin and Litecoins, my transactions was almost instant with the minimal transaction fees.

[Zero001 59]

On 2/21/2020 at 7:12 PM, Mazharul islam said:

Since I always experience the transfer of Bitcoin from one wallet to another wallet, a slow tip in slow currency is very useful but I want to know the speed of the transaction. Does the transfer speed have a big effect ?

how to increase speed is to add fees in each transaction made. however, I would rather use bitcoin in every transaction that is carried out. it's faster and cheaper.

[Sohel Rana 406]

On 10/9/2019 at 6:49 PM, hexwin said:

 

Everyone should know how to reduce fees when sending Bitcoins.

It is best to check mempool to see if there are to many stuck transactions.

- Use Electrum wallet and adjust edit fee manually 

- Use Ledger wallet and Seqwit addresses

More information and details you can find here:

https://en.bitcoin.it/wiki/Techniques_to_reduce_transaction_fees

 

Calculate fees here:

https://coinb.in/#fees

https://www.buybitcoinworldwide.com/fee-calculator/

I used many time low fee for bitcoin and Ethereum transection and maximum time Ethereum transection was failed and my eth was refunded but I lost gas fee. That's why maximum time I used medium transection fee for   transection.  

[Diana Putri 31]

Bеtter yоu utilizе Electrum, convenient in transportаblе еditiоn аs prоpеrly. Elесtrum pосkets is grеatеr welcoming with all оf thе сapаbilitiеs to be had аnd yоu don't nеed to dоwn load thе whоle blockchain cеrtainly.

[kalimoxo81 15]

Gracias por esa información, siempre es bueno ahorrar algo de dinero en esas transacciones, a veces no tienes tanto y con esas comisiones tienes menos.

[Muhamadbilal 7]

Yes this is very nice sit . and i like it Most of the wallets basically suggest you high fees when network is busy but sometimes you can even have your tx confirmed with 100 times less fees in the next block. Thank you.

[a2alikhasan 13]

Reducing transaction fees is very profitable and its also very important to safe money. There are many ways of reducing crypto. 

[MrGeany 297]

i think the only and best way to reduce transaction fees for users is to use coins which has low transaction fees such as are ETH and XRP. good luck guys.

[Zezo 306]

The Bitcoin conversion fee is often large and takes approximately an hour to reach, but on the other hand, reducing the fee will make it take longer time, maybe days.

[saihiyassine 191]

شكرا على هذا الموضوع ، لقد استفدت كثيرا

[Druddin 4]

or only you bottle fall for a nother coin with a muted fee and throw with it , its the tranquil way  that i be acquainted with , show appreciation you and profit luck 
 

[SHAKILZ 23]

My transfer has not been verified for 8 days. You have a clear example of some crypto currency disadvantages. They need to do better so that there is no delay

[Soaib khan 1035]

Yes you can edit transaction fees manually but if you give low fess then transaction confirmation take long time one time my bitcoin transaction complete in 3 days for fast complete give high fees.

[bliznec 22267]

I did not know that there is such a function to reduce the commission when transferring funds. This is a very convenient function and gives a positive result. 

[Ms.o 3322]

To reduced transaction fees,you must choose coins that has low fees like ethereum,litecoi,and xrp. You have to convert it first into that as bitcoin has slow and expensive transaction fees,and those 3  has very cheap and faster transaction.

[MrGeany 297]

well i don't recommend you guys to use this manuel edditing fees cause some miners may not even mine it and confirm it so it will take more time i think the best ioption you have is to just use low transaction fee coins such as ETH and XRP.

[Calvinpriva 17296]

Thats good, you can also choose withdraw fee from faucetpay wallet depending on what time you need to receive your bitcoins, if you will choose 400 satoshi fee, you will receive your bitcoins after 4 hours and if you will choose 7000 satoshi fee, you will receive your bitcoins in 5 minutes.

[Lover840 0]

On 10/9/2019 at 6:19 PM, hexwin said:

 

Everyone should know how to reduce fees when sending Bitcoins.

It is best to check mempool to see if there are to many stuck transactions.

- Use Electrum wallet and adjust edit fee manually 

- Use Ledger wallet and Seqwit addresses

More information and details you can find here:

https://en.bitcoin.it/wiki/Techniques_to_reduce_transaction_fees

 

Calculate fees here:

https://coinb.in/#fees

https://www.buybitcoinworldwide.com/fee-calculator/

Yes i have heard a lot about the electrum wallet for pc. I think it has great feature in comparison to online mobile wallets like coinbase wallet and blockchain wallet. 

[tienda 8776]

Thank you for sharing a such guide informative, yes of course you can configure manually the fees, but all depend about the times of the transaction, because this is not means that you will reduce the fees, you reduce the fees if you increase the time of transaction process. 

[bliznec 22267]

1 minute ago, DoboniAyuuii said:

It is because you are using unsupported wallet, there are some wallets you can reduce the fee and also editing the fee to what you want. But, the lower the fee the more the transactions time. 

I can name a cryptocurrency wallet that reduces the commission for transferring cryptocurrency funds. This cryptocurrency wallet is on the Ethereum blockchain. 

[scorpiali 5626]

On 12/14/2019 at 7:08 PM, Sohel Rana Sazzad said:

Generally, users of the Electrum Cryptocurrency Wallet can easily edit their own fees.Thanks so much for notifying us of such important information.

Yes we can edit the fees in any ethereum wallet but it's not good thing i think because many time your transaction dont proceed and you should try again 

[bachnhuc8273 231]

On 11/27/2019 at 8:15 PM, Bitkoyns said:

Do you mean a desktop wallet? There are some wallet even on mobile that lets you use custom fee for your transaction, Mycelium for example you can adjust the transaction fee if you want to get confirmed on the next block or you can wait hours if the network is clogged. Usually it depends on the time of your transaction

yep man, reducing the transfer fee can have an effect on the length of the transation order, you can change the fee to the lowest level but There is a possibility that your transction will take hours to get to your destination coin wallet addrss

[scorpiali 5626]

On 4/9/2020 at 10:15 AM, fila said:

Some wallets do allow you to make adjustments to the fees in return for a faster or slower transaction rate and I personally do choose the lowest fees possible as speed is not that important for me yet.

There is many wallet that allow you to modify fee in your transaction Blockchain wallet of course and also i have seen in this forum post about Atomic wallet too that you can modify many coins there 

[Jaysen0104 536]

Reducing transaction fee makes you afford low deposit and withdrawal fee. Which means you need to be practical  in order for you to get all your earnings and pay just a small amount damage to your funds. So in every transaction i made i prefer to use ripple because we all know if we tend to use coin that has big amount you will also pay big amount of transaction fee like in using bitcoin. So i always prefer using ripple low amount of coin low amount of transaction fee.