I am consolidating some UTXO's (gearing up for a high-fee environment in this bull market :)) and it looks like whenever I go to send the “normal” fee is staying consistent around 163 sat/B. When I check mempool.space, that fluctuates quite a bit but can be dramatically lower for a medium priority send.
Does this mean that the fee reflected in Trezor Suite is just not dynamically updated very often? For example, if mempool.space is showing a medium priority send of 100 sat/B would I be better off just doing a Custom amount and entering whatever mempool.space is reflecting?
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Yes I’d do custom and look at mempool
Yup, do custom. I did a test transaction not long ago to try this; the fees on Suite were around 180 at the time, while mempool was showing around 90 (normal). I set it to 90 through custom and it went through in less than an hour.
Just curious: what fee are you going to set for your consolidation? I am thinking of doing the same.
Just customise your transaction fee to Mempool’s High Proporiy + 10%
Trezor Suite uses a proxied version of Bitcoin Core estimatesmartfee https://developer.bitcoin.org/reference/rpc/estimatesmartfee.html
And it doesn’t perform that great. Like the advise here, follow mempool.space for fee rates.
Also Trezor suite shows sats per byte for some reason, while mempool shows sats per byte, which is quite different.