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When I want to send 0.02 btc the fee is USD 13 (100sat/vbyte) When transferring from another wallet (not Wasabi) with an amount of 0.04 BTC (100sat/vbyte) it is only 0.00014 BTC - 6 USD - and in Wasabi as much as 40!!!. Additionally, the amount of the fee does not depend on the transaction amount. Why is such a large commission charged and why does it depend on the amount of bitcoins? |
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Replies: 3 comments 2 replies
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Yes the fee doesn't depend on the transaction amount but on the transaction size (number of inputs and outputs).
For sure the other wallet is not selecting the same coins as Wasabi. |
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I had one transaction in my wallet which after Coinjoin looks like this: Why was it divided into so many small portions and now I have to incur huge transaction costs? Can I somehow merge it to reduce the cost? |
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Thank you for your comprehensive answer. I have 2 more questions:
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1- Imagine you started coinjoining with 5.5 btc, and after several rounds your privacy progress reaches 100% and you end up with 25 coins that you consolidate into one coin worth for example 5.3 btc. The probability that this 5.3 btc coin is owned by the same person that started with 5.5 btc is high.
2- There is no need to create 2 wallets, unless you have a specific reason to do so. Just make sure to not consolidate many coins at the same time.