Transaction Fee and Microwallet

Bitcoin Questions and AnswersCategory: General questionsTransaction Fee and Microwallet

Tommy Jip asked 1 year ago

Hello, I would like to ask about transaction fees and microwallet. I am planning to transfer 0.036 bitcoin from my old wallet to my new wallet, however, my old wallet has a fixed fee of 0.0002 bitcoin and I can’t change the fee. I am afraid that the fee would be too low and get stuck in the blockchain. But what if i transfer the bitcoin in my old wallet to a microwallet provider??  would my transaction be confirmed normally, or will it get stuck?  Thankyou

1 Answers
Steven Hay answered 1 year ago

Hi Tommy Jip,
The fee level will depend on how large your transaction is – is there any way to see how big your transaction will be, in bytes?
One thing you could do is import (not sweep, as this will require a transaction) the private key from your old wallet to a new one, which allows you to set a custom fee. If you tell me what your current wallet is, I can help further.

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