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Topic: About Bitcoin Fee - page 2. (Read 1423 times)

legendary
Activity: 2674
Merit: 2965
Terminated.
January 07, 2017, 12:03:51 PM
#3
In the past, you could also get zero-fee transactions to confirm. However, this is no longer the case today. The fee included will impact the time it takes for your TX to get included in a block (confirmed).

You should pay the fees while sending BTC from an address to another and nothing else as for how much then
I'll build upon your reply here. OP, this purely depends on the size of your transaction, not the amount being transferred! The usual contributing factors are the number of inputs and number of outputs that your transaction has.  A standard TX has 1 input and 2 outputs (the address that you're sending to and the change address). The formula for calculating the size is:
I suggest taking a look at : https://bitcoinfees.21.co/ It contains pretty much everything in details.
Once you know the transaction size, you can use the information available here (although their estimate may be too high at times) to figure out what the recommended fee is. The TX that I've mentioned (~258bytes) would require a fee of ~25 800 satoshis.

If you tell us which wallet you are using, we may be able to give you even better advice.



Fees depends on what your wallet is.
False. It doesn't depend on your wallet. Proper wallet let's you choose the fee that you want, and the required fee is determined by the free market (i.e. number of unconfirmed TX and the fees that people are using).

Afaik the normal fee for transactions to get it to a priority is 90 satoshi/ byte like 25k satoshi fee shoul be enough for your confirmation to be confirmed fast if tere is no traffic in blockchain.
If there is 'no traffic in blockchain', then the fee would be much lower than that. You are aware that most Bitcoin blocks have been full for quite some time now? There is always traffic (number of unconfirmed TX is variable though).

You can put a custo fee on your transaction if your wallet allows it to but normally you will just have to choose between sending it with 10k sats - 15k sats - 25k sats to 30k sats as fees.
Fixed fees are a horrible idea. The fee rate in satoshis/byte is what matters.

This post was likely removed because it was horrible and misleading.
staff
Activity: 3500
Merit: 6152
January 07, 2017, 11:55:54 AM
#2
How much should the fee be? Do we have to pay the fee in one address to another bitcoin address?

You should pay the fees while sending BTC from an address to another and nothing else as for how much then I suggest taking a look at : https://bitcoinfees.21.co/ It contains pretty much everything in details.
member
Activity: 72
Merit: 10
January 07, 2017, 11:52:08 AM
#1
How much should the fee be? Do we have to pay the fee in one address to another bitcoin address?
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