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Low transaction fee when redeeming BTC from a trade #15

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archived-2 opened this issue Aug 14, 2020 · 1 comment
Open

Low transaction fee when redeeming BTC from a trade #15

archived-2 opened this issue Aug 14, 2020 · 1 comment
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question Further information is requested

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@archived-2
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When redeeming BTC from P2SH-A, it is currently using a 5000 sat fee. You can see an example of this here:

https://www.blockchain.com/btc/tx/37b266b59dd985fd355b93f6d08c09c33edd7f45de4414f64d493a45e9f2c550

Currently, average transaction fees on the Bitcoin network are in the ballpark of 35000 sats. As a result, I expect that this transaction won't be included in a block for the foreseeable future.

We will most likely need to increase this in order for trades to complete in a reasonable timeframe.

@archived-2
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Looks like it did finally get included in a block after 8.5 hours. Which is actually a lot quicker than I was expecting.

In saying that, for time-sensitive transactions, and even just for user confidence of the trade portal, it would be worth increasing this IMO.

@catbref catbref added the question Further information is requested label Sep 1, 2020
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