Got away with £6 on bitpanda over the weekend, last time it was £46!

Not sure how long ago this post was, so the prices may have fluctuated a shit load during the time! but just a heads up my sending fee is always around £2–3 using Edge. I just set the fee price to low and it will usually sends over within 5–10 mins

This was a few weeks back when the machines went down in China, recently I've been paying less than £1 in sending fees. Much better :)

What you using to buy and send?

It's best to monitor the constantly changing transaction fee using a realtime data graph, see link above, and seize the opportunity 8)

Early on Sundays can be a good time, it is ofc dependent on how busy the BC is.

on blockchain you can do custom fees, where you see that option just put in a stupid low amount then you will see and option to set minimum fee which when i done it reduced to fee to about a third of what it was set to by by default

Network fees are stupidly high right now. I'm not a fan of bitcoin and monero would be much better for this holy purpose IMHO.

we agree !

I did see this post a while back, it looked promising.

check out coinomi the fees are generally very low

If you use a wallet like Exodus you can go into advanced settings and select custom fees. You can adjust the slider to 'High Fee', 'Recommended Fee', 'Low Fee' or 'Very Low Fee'. Wallets usually have the fees set to 'High Fee' by default so anyone using a wallet should always have a look at advanced settings and select custom fees. A high fee is only good for getting the transaction verified quicker, but if you order at 5pm on a weekday then you don't need the transaction verified in 15 minutes if the seller won't be posting until tommorow anyway. Use 'Recommended Fee' and it will cut the fee in half from 'High Fee' and it will take a couple of hours to verify. The highest fee i have seen without custom fees selected is about $14 but when i chose custom fees and moved the slider to 'Recommended Fee' it went down to around $5.50.

Cheers for this, It's not at all straight forward dealing in bitcoin so any help is greatly appreciated.

Thanks for this info!

Thanks scooby..
Just downloaded exodus and did a 39$ purchase for$2 fee, wish I did this over 100 orders ago could have saved big time!

Your welcome. $5-$7 was okay with me even though this time last year i was paying 70 cents, but then it shot up to around $12-$14 overnight and stays there for prolonged periods and you don't know what the range is going to be from one day to the next. Now i am setting a $5 max fee limit because i prefer the extra saving to go in my pocket.

Thanks again. Did a purchase last night (9pm) for $53 cranked the charges right back.. charged $2.60, confirmed pretty much instantly too. Just loving this exodus wallet! Has the bockchain calmed down again or is it the new wallet ?

Don't feel bad @grumpybloke, you're not alone. I've had to bork transactions because I couldn't cover the fee. Sure this is common for poor peeps like meself.

I've canceled orders over high fees (even with Exodus). The deal is, if the fees are high it means the blockchain is busy. You can wait until things are slow to get the lower fees, or you can pay the extra and get your bitcoins transferred ASAP. Depends on what you need at the time: speed or low fees. Usually you can get both if you order during slow periods. I might pay the higher fee if I'm in a hurry, but, as happened a few weeks ago, the charge for sending $63 was going to be $17+, so I just canceled, waited a day and got lower fees.

General rule of thumb , dont select a fee below 10.b sat , as sometimes will take several days to confirm

#UK

Most wallets generally let you set your own transaction fees, I use exodus at the moment and I can set the fee to 0.50 on a 'very slow transaction' and it goes up to about 4.00 on the fastest transaction priority.

An hour later mine was 0.28p, reduced from over £7