Hey everyone..
I sent some coins to another wallet and got hit with a pretty hefty transaction fee it was about $11. I tried to lower it using a tool on TW, but the size and weight of this dustcoin are 450 and 195 respectively.
Now the issue is, my transaction has been sitting there for over 11 hours. I even used the VIAbtc accelerator to speed things up, but I got a message saying my adjusted fee is too low to go through...
I was trying to find ways to fix the gas fee and stumbled upon CPFP. I have no clue how to set that up to adjust the fees and all that, so I really need your help! Any ideas on what I can do???
Edit: I actually meant "tnx fees" instead of gas fees.
Transaction stuck in limbo
19 replies 419 views
Bitcoin transaction fee is not called gas fee, it is called transaction fee, or you can just call it fee.
You can check the fee rate here:
https://mempool.space/
https://jochen-hoenicke.de/queue/#BTC,24h,weight
If you send the coin to a noncustodial wallet, import the seed phrase of the wallet on Electrum. Spend part of the unconfirmed transaction to another address on your Electrum wallet, or if you want to send coins to someone. Use a fee that is high enough that can make the two transactions to be confirmed. I mean the unconfirmed (parent) transaction and the (child) transaction that you just want to make now.
To accelerate a transaction using ViaBTC, the transaction fee supposed not to be less 10 sat/byte (around 18.5 sat/vbyte for 1 input and 1 output if you use segwit addresses).
If you used wallet that support RBF, you only just need to have increased the fee and that makes it simple and not using more fee as it is in child-pay-for-parent.
Recommended wallet to use: Bitcoin open source wallets that support replace-by-fee (RBF)
coin_sigmaLegendary
Posts: 1275 · Reputation: 5553
#3Mar 29, 2021, 03:37 AM
What do you mean by gas fee? Are you sending ETH/tokens?
Bitcoin doesn't have gas fees the term that is used on Bitcoin is transaction fees.
Anyway, what wallet do you use? If you have full control of your wallet you can bump the transaction(RBF) if it's not an RBF transaction then you can CPFP if you have full control of the receiving address.
You can also rebuild the transaction even if the transaction does not have a signal for RBF you can replace it with an RBF flag.
SwiftOrbitSenior Member
Posts: 540 · Reputation: 1604
#4Mar 29, 2021, 06:08 AM
You sure you used Bitcoin?
I hate to admit but you lost me here...
Again, no gas, just use sat/b like everyone does
You're under 18sat/vb then, but you say you have only 195vB size? Then it won't be that costly to use CPFP
https://bitcointalk.org/index.php?topic=5285192.0
Anyhow, if you could just say how much the fee is in sat/vb, if you're just below the next few blocks fee you could simply wait, it's weekend and transactions are losing steam, you might still get a confirmation by early Monday.
There is no wallet close to TW than Trustwallet, so the transaction is not replace-by-fee opted in.
You mean this: https://bitcointalk.org/index.php?topic=5474986.msg63198878#msg63198878
That is also a good suggestion.
I wanna try this description on electrum wallet to see how I could push through...
"Gas fee" wasn't the intended term.ty
I'm not sure you read what I wrote clearly..I do have full control over the wallet.. TW doesn't enable RBF transactions and I don't have an idea on initializing the CPFP like I said...
Lemme see how this goes then ..
I have not tried this before and be looking for a way to broadcast my transaction on a node that is supporting full RBF.
My advise as always been to use a wallet that support opt-in RBF. Because your wallet is not supporting RBF, I will advice you to do CPFP.
Or if you can wait, import your wallet seed phrase from Trustwallet (sender's wallet) to Electrum and wait for like 2 weeks. The transaction would be dropped from mempool and you will be able to rebroadcast it again.
Yes youre right Trustwallet doesnt have an opt in RBF but since most of the nodes actually enable full RBF this days you can still replace your transaction and the full RBF node will treat it as a replacement. This guide contains an information on how to do that on electrum https://bitcointalk.org/index.php?topic=5474986.msg63198878#msg63198878 but you must pay attention to the server switch till you connect to the node that enables full RBF.
Now the simpler option is the CPFP which is easier. Since you control the receiving address just make sure you have funds extra on that funds on that receiving address wallet and then import the seed into electrum. You will notice an unconfirmed transaction just click on it and spend the transaction into another address or to the same receiving address with a much higher transaction fee that would cover for both transactions.
You didnt let the OP know that it could be more than that 14 days as we have seen in the past due to the size of individual nodes mempool. And from OPs post i dont think she will wait till then
He should just not use the old wallet again so that the transaction will not rebroadcast itself again and again, and wait for 14 days. He should also not use those fake accelerators that are just rebroadcasting transactions.
How much is the fee rate you used for your transaction?
The current purging fee rate for nodes with default mempool size is 10.9 sat/vbyte. If the fee rate you used for your transaction is less than that, most nodes have purged your transaction from their mempool and you should be able to make a new transaction.
To do so, you need to import your wallet in electrum and change the server until you connect to a one which doesn't have your transaction in its mempool.
To do CPFP, you need to have full control over one of the receiving addresses. Do you?
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#11Apr 1, 2021, 11:59 PM
viabtc.com tool is not fake it works
All others are fake.
if the tx is under 500kb and sats were over 11 it will work. I used 11 not 10 to be sure.
At op if you want to move small amounts get a trezor hardware wallet. yes others work trezor is know by me it is what I use.
trezor allows rbf .
you can go to this site
https://mempool.jhoenicke.de/#BTC,30d,weight
it will give you an idea of how much you need to spend and if you send with trezor you can add if needed
look at this current image.
it shows 30 sats as the choke point.
30 is kind of filled up and could be too slow.
Ie 40 sats may work
50 sat will be better
60 sat looks to be the lowest for a fast send
coin_sigmaLegendary
Posts: 1275 · Reputation: 5553
#12Apr 2, 2021, 03:12 AM
Yes, that's what I'm talking about or by running Bitcoin core with "-mempoolfullrbf"
Sorry about that but you didn't mention that you have full control over your wallet and TW is another term that I don't recognize that is why I ask. Since Charles-Tim said the close wallet for TW is Trust Wallet you should have a backup seed and you can import it to Electrum and follow the guide posted by hosseinimr93.
Or you can also do some experiment if you have full node you can run your Bitcoin core with "-mempoolfullrbf".
just_wizardFull Member
Posts: 85 · Reputation: 583
#13Apr 2, 2021, 03:39 AM
It's not that hard. Let me explain it to you in simple terms:
Let's suggest you own 1btc and you sent 0.5 to the recipient. You are supposed to receive 0.5btc back,right!
If you own the recipient wallet, you can perform CPFP. If you are getting any change back, you can perform CPFP. If you sent the full amount amount to someone else's wallet and you are not getting anything back then you can't perform cpfp.you need to control one of the outputs to perform CPFP.
Yes, I took long to respond cus I needed to make some personal observations as to what happens afterwards but, I'm disappointed!
I do have full control... I was able to import my seed phrase into the new electrum wallet... Though nothing's changed since then; my balance is still zero and I've tried manipulating the severs to see if it'll connect to a one but, all to no avail...Also, it's being connected to about 10 nodes and the mempool fees are fluctuating between 38sat/vb - 145 sat/vb.
15 sat/vB
VIAbtc ain't crap... I used BITaccelerate and it wasn't working, I didn't need to be told that was wack ASF! Maybe I'll just have to wait till whenever?? Uhmmm.
Sandra 🧑🦰
SwiftOrbitSenior Member
Posts: 540 · Reputation: 1604
#15Apr 2, 2021, 10:24 PM
I have a pending transaction received on exodus wallet that has no confirmations for 5 days. Can I import the seed phrase on to Electrum to use the this method, child-pay-for-parent? Also, on mempool.space it shows the fee rate at 44.2 sat/vB and effective fee rate 18.2 sat/vB, what does that mean and how much should i set the fee on Electrum?
Exodus is a close source wallet and not a wallet that I can recommend.
But you can do child-pay-for-parent on Exodus.
The child transaction can be into your own address, or using one stone to kill two birdy if you have a transaction to send to someone.
SwiftOrbitSenior Member
Posts: 540 · Reputation: 1604
#17Apr 4, 2021, 01:00 AM
I'm using exodus on my iphone and my balance doesn't include the pending transaction amount. Is that snapshot is a desktop version?
Yes.
Your transaction should have unconfirmed parent(s) and that's why it hasn't been confirmed yet.
The fee rate you should set for your CPFP transaction depends on the fee already paid for your unconfirmed transaction and its unconfirmed parent(s) and their (virtual) size.
You can not use Electrum on iPhone, but you can use it on Android. If you need iPhone wallet that you can use child-pay-for-parent, you can download Bluewallet.
https://bluewallet.io/
Bluewallet indicates it as pump fee.
SwiftOrbitSenior Member
Posts: 540 · Reputation: 1604
#20Apr 5, 2021, 02:03 PM
Thank you Charles-Tim and thank you hosseinimr93.
?Reply
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