Fixing a Stuck Low-Fee Bitcoin Transaction Using BlueWallet
As any Bitcoiner knows, the fees associated with transactions on the Bitcoin network can be very high. If you’ve ever found yourself stuck in a situation where your wallet is “stuck” due to an unusually low-fee transaction, you’re not alone. In this article, we’ll walk you through how to fix a stuck low-fee transaction using BlueWallet.
Understanding Low Fees
Low fees refer to transactions that cost less than the minimum fee required to be confirmed on the blockchain. If a transaction is sent with a fee (fee rate) of 0.0001 s/vB, or just 1.7 seconds per byte, the network will likely reject it unless it receives sufficient support from other nodes.
Why Your Friend’s Transaction Stuck
Your friend may have created a 1-in, 1-out (1:1) transaction that sent the entire contents of their wallet to another address using a low fee. This can lead to the network rejecting the transaction, causing it to be stuck for an extended period of time.
Fixing a Stuck Low Fee Transaction Using BlueWallet
Fortunately, there are several steps you can take to try to resolve this issue:
- Wait
: The most important step is often to simply wait for the transaction to resolve. Given enough time and network activity, the fee can increase, allowing the transaction to hold.
- Check the transaction details: Verify that your friend’s transaction was created correctly by comparing it to their BlueWallet transaction history. Check to see if the transaction ID has been updated or changed.
- Check the transaction status: Check in a blockchain explorer (e.g. blockscout, blockcypher) to see if the transaction is still waiting for confirmation.
Alternative solutions
If your friend’s wallet is experiencing issues due to a slow or congested network, you may need to consider alternative solutions:
- Increase network congestion
: If your friend has been using their computer as a Bitcoin network node, try increasing the number of nodes they are connected to. This may help reduce congestion and possibly resolve the issue.
- Use a different wallet: In some cases, issues can be resolved by switching to a different wallet with better performance or transaction support.
Conclusion
In conclusion, fixing a stuck low-fee transaction on BlueWallet requires patience, persistence, and an understanding of the underlying network mechanics. By waiting, verifying transaction details, checking status, and exploring alternative solutions, you can increase the chance of resolving this issue and releasing funds from your wallet.
