Bitcoin Forum
January 07, 2026, 10:42:39 PM *
News: Due to a wallet-migration bug, you should not upgrade Bitcoin Core. But if you already did, there's no need to downgrade.
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Why does the fee I set in electrum not match the actual fee?  (Read 162 times)
markcolls (OP)
Member
**
Offline Offline

Activity: 63
Merit: 21


View Profile
December 02, 2020, 06:07:51 AM
 #1

I set a fee of 27 sat/byte in electrum, but it came out as 15.5 sat/byte. This happens every time with electrum. How do I correctly set fees in electrum?
winrate.io
Copper Member
Jr. Member
*
Offline Offline

Activity: 107
Merit: 3


View Profile WWW
December 02, 2020, 06:09:50 AM
 #2

Do you only have this issue with electrum or does this apply on others as well?

CRYPTO TRADING PROFIT SIMULATOR | 100% FREE TO USE | NO REGISTRATION | NO SIGNUP | ▶ WATCH TUTORIAL VIDEO

Winrate.io
                                                                        
                                           |
TryNinja
Legendary
*
Offline Offline

Activity: 3444
Merit: 9554


@ List of no-KYC websites: https://bitlist.co


View Profile WWW
December 02, 2020, 06:17:29 AM
Merited by ABCbits (1), nc50lc (1), markcolls (1)
 #3

Your fee is correct. You chose a fee of 27 sat/vByte, which equals to the 15.5 sat/byte you see. If you use a different block explorer, like Blockstream.info, it will show up in the correct unit, which is the one that matters (sat/vByte).

Take a look at this thread for a better explanation: Fee and Size are different at wallet and explorer

 
 ..  Duel.com  
█████████████████████████
█████████████████████████
████░░▀███████████▀░░███
████▄░░░▀███████▀░░░▄████
█████▄░░░▀███▀░░░▄██████
████████▄░▄█▀░░░▄████████
██████████▀░░░▄██████████
█████▀▀█▀░░░▄█▀░▀█▀▀█████
████▄░░░░▄███▄░░░░▄█████
█████▀░░░░▀███▀░░░░▀█████
████▄░▄██▄▄███▄▄██▄░▄███
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
████████████▌░░▀▀▀███████
████████████░░░░░░░░░████
████▀▀▀░░▐█▌░▄██▄▄░░▐████
████▌░░░░██░░██████░█████
█████░░░▐█▌░░░██▀▀░▐█████
█████▌░░██░░░░░░░░░██████
██████░▐██▄▄▄░░░░░▐██████
██████▌░░▀▀▀▀███▄▄███████
███████░░▄▄▄█████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████▀▀░░░░░▀▀████████
██████▀▄███▄░▄███▄▀██████
█████░▐████▀░▀████▌░█████
███░░░▀▀▀░░░░░▀▀▀░░░████
████░▄██▄░░░░░░░▄██▄░████
████░████▄░░░░░▄████░████
████░▀▀█▀▄▄▄▄▄▀█▀▀░█████
██████▄░░▐█████▌░░▄██████
████████▄▄░▀▀▀░▄▄████████
█████████
████████████████
█████████████████████████
 
   THE FIRST CASINO THAT GIVES A F.    ....Play Now....  .... 
pooya87
Legendary
*
Offline Offline

Activity: 4046
Merit: 12185



View Profile
December 02, 2020, 06:18:12 AM
 #4

It is probably because the other place you are checking your transaction on (like a block explorer) is not computing the fees correctly or you aren't paying attention to the unit that was used. There is fee per virtual size (sat/vbyte) value and fee per size (satoshi/byte) value. We have been useing the former to set fees and compare them in bitcoin for the past 3 years.
Can't say more without knowing where you get 15.5 from.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits PREDICT..
█████████████████████████
█████████████████████████
███████████▀▀░░░░▀▀██████
██████████░░▄████▄░░████
█████████░░████████░░████
█████████░░████████░░████
█████████▄▀██████▀▄████
████████▀▀░░░▀▀▀▀░░▄█████
██████▀░░░░██▄▄▄▄████████
████▀░░░░▄███████████████
█████▄▄█████████████████
█████████████████████████
█████████████████████████
.
.WHERE EVERYTHING IS A MARKET..
█████
██
██







██
██
██████
Will Bitcoin hit $200,000
before January 1st 2027?

    No @1.15         Yes @6.00    
█████
██
██







██
██
██████

  CHECK MORE > 
nc50lc
Legendary
*
Offline Offline

Activity: 3010
Merit: 8213


Self-proclaimed Genius


View Profile
December 02, 2020, 07:27:42 AM
 #5

I set a fee of 27 sat/byte in electrum, but it came out as 15.5 sat/byte. This happens every time with electrum. How do I correctly set fees in electrum?
Aside from TryNinja's (correct) answer: that will only happen when you're using SegWit.
The reason why those explorers can't compute the same fee as Electrum does is because they're not taking the virtual size in consideration.
And SegWit transaction's "virtual size" is lower than its "size", so the fee per Byte will always be computed lower than fee per virtual Byte when it comes with SegWit.

But when it comes with prioritization, miners will take what you've set in Electrum because it's actually "sat/vByte" although it's displayed as "sat/byte".

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits PREDICT..
█████████████████████████
█████████████████████████
███████████▀▀░░░░▀▀██████
██████████░░▄████▄░░████
█████████░░████████░░████
█████████░░████████░░████
█████████▄▀██████▀▄████
████████▀▀░░░▀▀▀▀░░▄█████
██████▀░░░░██▄▄▄▄████████
████▀░░░░▄███████████████
█████▄▄█████████████████
█████████████████████████
█████████████████████████
.
.WHERE EVERYTHING IS A MARKET..
█████
██
██







██
██
██████
Will Bitcoin hit $200,000
before January 1st 2027?

    No @1.15         Yes @6.00    
█████
██
██







██
██
██████

  CHECK MORE > 
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!