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bump the fee on btc tx using electrum

Adam edited this page May 25, 2024 · 1 revision

Before you start

Step-by-step

  • Export your Omniwallet addresses private key

  • Open Electrum and create a new wallet

  • Select 'Import Bitcoin addresses or private keys'

    • new_wallet
  • Paste the private key for your address and click next

    • import
  • Enter a password for the new wallet

    • encrypt
  • Electrum will scan and then display your account transaction history.

  • Right-click the stuck (unconfirmed) transaction and select Increase fee.

    • tx_history
  • Find the New Fee rate field, type in a higher fee rate (sat/byte) then click Ok.

    • You can use (https://mempool.space/) to find the optimal fee rate for your transaction.
    • bump
      • Note: You may need to Change the Method from 'Preserve Payment' to 'Decrease Payment'
  • Click Sign to have Electrum sign the transaction.

  • Then click Broadcast to complete the process

  • You're done!

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