josue
Robotics Innovator
Divine
LEVEL 1
300 XP
Heres a simple tip to lowering Bitcoin fees if you run a normal wallet like Blockchain! Once you do this, you will save yourself a lot of dollar on future transactions. Do this regularly if you receive and send a lot.
If you liked it please give support HQ guide from a HQ user of bitcoin since 2015!
Simply what you must do is grab a new Bitcoin address of yours, fresh one. Then send ALL your Bitcoin to this address. Below is example I just recently did.
[img]https://i.imgur.com/UDUsDPr.png
It sends all the "seperate" bitcoin into one "whole" bitcoin on the new address.
What happens now? Lets say you have 200$, you send 20$ away to a seller, your 20$ to seller goes to Seller's address and the rest of your Bitcoin goes to another one if your addresses.
Above, is a picture of it in action. 104$ btc sent from original address to pay a 7$ purchase, 97$ of the remaining btc sent to wallet owners address (another one).
So if you have multiple transactions of like $4, $5 , $10, $13, $1. You should do the step above sending all the Bitcoin together. I learned this when I realized once when I wanted to send 10$, the fee was 2$. I was like what the fuck? The fee is not that expensive right now! I checked the blockchain records and saw I had 20x of these seperate Bitcoin transactions! Like 5 x 0.2-0.5$ ones and 10x 1$+. It was because I was scraping the bottom of my wallet haha. Broke times.
Update:
Just did it again, worth it.
If you liked it please give support HQ guide from a HQ user of bitcoin since 2015!
Simply what you must do is grab a new Bitcoin address of yours, fresh one. Then send ALL your Bitcoin to this address. Below is example I just recently did.
[img]https://i.imgur.com/UDUsDPr.png
It sends all the "seperate" bitcoin into one "whole" bitcoin on the new address.
What happens now? Lets say you have 200$, you send 20$ away to a seller, your 20$ to seller goes to Seller's address and the rest of your Bitcoin goes to another one if your addresses.
Above, is a picture of it in action. 104$ btc sent from original address to pay a 7$ purchase, 97$ of the remaining btc sent to wallet owners address (another one).
So if you have multiple transactions of like $4, $5 , $10, $13, $1. You should do the step above sending all the Bitcoin together. I learned this when I realized once when I wanted to send 10$, the fee was 2$. I was like what the fuck? The fee is not that expensive right now! I checked the blockchain records and saw I had 20x of these seperate Bitcoin transactions! Like 5 x 0.2-0.5$ ones and 10x 1$+. It was because I was scraping the bottom of my wallet haha. Broke times.
Update:
Just did it again, worth it.