There is no fixed minimum fee in bitcoin transaction it will be changed according to your wallets and some wallets have customization option so you can select the fee according to your desire but if you set too low fee then you transaction will be unconfirmed forever.So it is better to select the recomended fee for faster transaction,currently the fee is too heavy due to over load on blockchain network.So you have to use segwit address to reduce the fee little bit.
Past last one month the miners are collecting a huge amount for a single transaction. And after paying a high fee also we need to wait for a long time to receive our bitcoins. But now if we pay high fee confirmation will be done quickly, but still the fee is high. Don't know when this issue is going to resolve. And blockchain network is too worst. 
Topic: Minimum fee to transfer bitcoin (Read 1183 times)
There is no fixed minimum fee in bitcoin transaction it will be changed according to your wallets and some wallets have customization option so you can select the fee according to your desire but if you set too low fee then you transaction will be unconfirmed forever.So it is better to select the recomended fee for faster transaction,currently the fee is too heavy due to over load on blockchain network.So you have to use segwit address to reduce the fee little bit.
The minimum fee to transger Bitcoin is 1 satoshi. It will take a while for that to get confirmed probably though so you can get it bumped up to have it confirmed faster.
If 1 satoshi you set as the fee so you can wait untill one year to confirm your transcation.
Make it higher then you will have your transaction confirm faster. But if we set higher fee it seems like we will pay more fee than the amount you will pay.
The minimum fee to transger Bitcoin is 1 satoshi. It will take a while for that to get confirmed probably though so you can get it bumped up to have it confirmed faster.
It is just outrageous that people can really give such a bad advice to anybody. The author either knows nothing or is misleading the OP.
I had a few transactions recently and the MINIMUM I paid was 7,5USD for 300 byte transactions, BUT it took two days two confirm. I had a 1 dollar transaction only once back in December, but it was unconfirmed for more than three weeks.
If you create a transaction paying 1 satoshi, I can bet it will NEVER be confirmed, and it will cost you a lot of nerve and frustration and looking for ways to push it through anyway. Please know that currently the accelerators are either scam or they cost between 100 and 200 dollars per transactions, so it is better to inteligently set a fee that will be confirmed in reasonable time.
For that you can use this service: https://btc.com/stats/unconfirmed-tx . They tell you what is the best fee but better yet you can study the fee diagram and pay somewhat less but still be reasonably sure it will get confirmed in reasonable time
Luckily, Bitcoin users aren't completely without options right now. One thing you can do is wait until the network is less strained (at night, during the weekend), which is when transaction fees will go down.
This one is pretty funny...
And when is this night happening?
Because at 3 PM here, it's already night in Japan and it's 8 AM in New York.
And when it 00:00 in LA , it's already morning and sunshine in Europe.
The obvious option is segwit. That or pay more.
I'm in same situation...fees are very high.
I try to limit the dust in my wallet.
I try to limit the dust in my wallet.
yes i have a problem like you with a very high cut 0.005 fee, if every time the withdrawal with our piece as user is very aggrieved. the higher the bitcoin price the higher the discount.
I don't know what is the minimum fee to transfer bitcoin to another wallet. Because I use mobile wallet like blockchain and coinbase this wallet sometimes the transaction fee is very low but sometimes also the fee is very high I dont know why the fee is difference when I send bitcoin. But I hope sometimes the fee is very low like before . But if the fee is high your transaction confirm fast.
At this moment the required fee per byte is 300 satoshi. Try checking out this site called https://bitcoinfees.21.co (dom't worry it's safe i hve tested it.)
Btw, it depends on how much money you are going to send to another guy.
Btw, it depends on how much money you are going to send to another guy.
More time required to transfer ur btc when u pay minimum transaction or mining fee
So if u can have time then u can proceed with minimum amount of Satoshi for transaction
Yes, satoshi. But there are many wallet account going to get more trx fee and some of wallet getting low fees. Minimum fees not same always the different wallet. Its depend on transfer time, which wallet you using etc So if u can have time then u can proceed with minimum amount of Satoshi for transaction
Bitcoin Wiki is updated on Oct 11, 2017, so I guess this one is most recent update on this transaction issue https://en.bitcoin.it/wiki/Transaction_fees
The minimum fee to transger Bitcoin is 1 satoshi. It will take a while for that to get confirmed probably though so you can get it bumped up to have it confirmed faster.
NoThe Minimum Are 0 Satoshi
And If U Use That Fee Maybee Your Transaction Will Never Confirmed
Hi, some of my BTC are on Armory on my old computer.
I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).
The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.
What is the cheapest way to move bitcoin from a wallet to another wallet?
Thanks!
I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).
The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.
What is the cheapest way to move bitcoin from a wallet to another wallet?
Thanks!
If you are asked to pay that much fees then it usually means that your transaction size is big, which is either a result of too many outputs/inputs or both. You can't really do anything about it if it's inputs.
However, what you can do is take a risk and create a transaction with low fees(perhaps 0.001 BTC fee) and then paying $4-10 for an acceleration.
At current btc prices, this is still a good deal. However, your acceleration may not succeed.
Yes, the fee on transfering bitcoin's are a bit too high and i think this is their way of getting their profit. I guess they should set a standard chart of transaction fee's for each amount of bitcoin they want to transfer. I know there are some wallets which uses charts for transaction fees but it is not publicly advertised. I still trust that bitcoin is in their development process and will be more usable and advance in the future.
Lately I heard from an exchange website that they're only getting 2% per transaction. Well, that's fair for me. But some dudes were complaining about it I don't know why.if they're getting an easy money through Bitcoin and so exchangers does.
Hi, some of my BTC are on Armory on my old computer.
I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).
The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.
What is the cheapest way to move bitcoin from a wallet to another wallet?
Thanks!
I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).
The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.
What is the cheapest way to move bitcoin from a wallet to another wallet?
Thanks!
So for me, I use to have a 0.0002 fee per transaction I made but it really depends on where you will going to make transactions, like where you gonna put your money and depends on the address you give.
The cheapest way is that both parties has coinbase account and there is no fee in coinbase to coinbase bitcoin movement.
Actually, there is no set minimum fee to use the Bitcoin network, and it is still possible to set zero fees for a transaction. However, most web-based wallets that you can use will set in its software a minimum fee. Some express it as a network fee, some express it as a transaction fee. But this is actually just the fee they charge you for their service. The actual fee they use to pay miners for including your transaction will generally vary. Miners in general will prioritise higher fees, since they make more that way, naturally.
You're choosing to use Exodus, which doesn't let you control your fees and sets a minimum for you, but this means you have no control over how low that can be or quickly your tx gets confirmed
If you are using a wallet that enables you to control setting your own fee (My favourite is Electrum!), some websites can help you estimate the minimum fees you need to get your first confirmation in a range of time. My favourite is https://bitcoinfees.21.co
You're choosing to use Exodus, which doesn't let you control your fees and sets a minimum for you, but this means you have no control over how low that can be or quickly your tx gets confirmed
If you are using a wallet that enables you to control setting your own fee (My favourite is Electrum!), some websites can help you estimate the minimum fees you need to get your first confirmation in a range of time. My favourite is https://bitcoinfees.21.co
Thanks a lot, I switch wallet to Electrum where I can control my fees and the web site you suggested is great to evaluate how much we should pay.
The minimum fee to transger Bitcoin is 1 satoshi. It will take a while for that to get confirmed probably though so you can get it bumped up to have it confirmed faster.
lol, are you joking right? 1 satoshi seriously? go try to send any amount of bitcoins with that transation fee and see if the reciever will recieve your bitcoins, probably you will have to wait forever and your transactions wont never be confirmed because 1 satoshi is insanely small amount and miners will definetly ignore you not unless you use some kind of transaction accelerator.
Hi, some of my BTC are on Armory on my old computer.
I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).
The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.
What is the cheapest way to move bitcoin from a wallet to another wallet?
Thanks!
I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).
The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.
What is the cheapest way to move bitcoin from a wallet to another wallet?
Thanks!
Check here http://bitcoinfees.21.co/ and here https://blockchain.info/charts/mempool-size The larger the mempool size, the more expensive fees. So at this moment you should put at least 21 satoshi per byte.
But maybe better way would be to transfer private key from one wallet to another. This should cost 0.
You can pay the much do you want for fees. Bumping fees is useful to accelerate transaction confirmation.
Unfortunately miners won't confirm your transaction if you put very small fee.
Unfortunately miners won't confirm your transaction if you put very small fee.
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