this post was submitted on 02 Nov 2023
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Bitcoin

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[–] amenotef@lemmy.world 1 points 10 months ago* (last edited 10 months ago)

Anybody has some quick tip for calculating bitcoin fees? (Like, go to this page, do this and this, voilà!).

Yesterday I did a Bitcoin transaction and paid 3.73$ fee. This was using the Android "Bitcoin" app and selecting the default "Normal" fee (there are 3 options. "Economic", "Normal", "Priority").

However in mempool.space the transaction got the warning "Overpaid 2x" and the transaction got confirmed almost instantly. The transactions was with 1 input and 2 outputs.

So I'm looking for 2 things:

  1. A better Android wallet that can let me put a custom fee (so I don't overpay next time. Maybe I could had spent 2$ and wait 1-2 hours.).
  2. Some tips to calculate the fee. I end up using lot of different pages, but never getting the "right" fee.

Update: I ended up switching from "Bitcoin Wallet" wallet to "Green" wallet on my mobile phone.