Topic: Transaction fee - page 2. (Read 1471 times)
You can always check the fee in most wallets at the time you enter the bitcoin amount you want to send.It differs from wallet to wallet as well
How big is transaction fee in bitcoin?
Minimum, maximum?
What do you want to pay to successful transaction?
Thank you.
normally trnsaction fee is 0.0001 or higher if you set it on higher transaction,and its make transaction faster if fee higher,but in some exchange or wallet we can't se up manually that fee transaction,its ussually cause an delay transaction. i love minimum transaction. Minimum, maximum?
What do you want to pay to successful transaction?
Thank you.
Minimum fee (normal confirmation) for transactions is around 30 Satoshi per byte and there's isn't a maximum fee (since you could just put as high as you want) but there's is a fee of 60 Satoshi for fast confirmation. They key to understand each of transactions minimum fees is to understand how to calculate certain transaction sizes, in which I will quote here a post that I made last week in regards to this:
(hope it helps).
(hope it helps).
From what I see, many up until now, don't know yet how to calculate transaction fee's and as result always tend to blame the way network reacts to each transaction. Just because a transaction is consist of 0.0001 BTC as a fee, doesn't mean that, it's enough for it to be confirmed in the next block. I'll try to explain the process of transaction size estimation:
For reference, let's take your transaction into example: https://blockchain.info/tx-index/5bc33bf29987c995cb9c11f052c5b2792b5890e414806fc27df7a7fe93101c45
There is 6 inputs and 2 outputs (most transactions automatically give you 2 outputs if your sending to one person)
Number of inputs should be multiplied by 148 (the number changes sometimes) + the number of outputs multiplied by 34 +10 or -10 (mostly it's +10)
6 x 148 (888) + 2 x 34 (68) +10 or -10
888 + 68 +10 = 966 bytes (close estimation as in your transaction was 964)
On a side note: For fast confirmation a 60 Satoshi is recommended per byte
Best possible way to know the inputs is to know and calculate the transactions on your account and see how many inputs will be needed from the remaining unspent one's in order to calculate the inputs prior to sending (not sure if there's a wallet that does this automatically but I'm saying this base on my experience of using blockchain.info only)
There's another thing that would help in most cases and that is the feature in blockchain.info (not sure if it exist on others too) that You would choose the fee from normal to generous and automatically each transaction will have a fee of 0.001 as base fee.
The fee for your transaction should have been 0.0005784 to be as high priority transaction that would get confirm within the next block.
For reference, let's take your transaction into example: https://blockchain.info/tx-index/5bc33bf29987c995cb9c11f052c5b2792b5890e414806fc27df7a7fe93101c45
There is 6 inputs and 2 outputs (most transactions automatically give you 2 outputs if your sending to one person)
Number of inputs should be multiplied by 148 (the number changes sometimes) + the number of outputs multiplied by 34 +10 or -10 (mostly it's +10)
6 x 148 (888) + 2 x 34 (68) +10 or -10
888 + 68 +10 = 966 bytes (close estimation as in your transaction was 964)
On a side note: For fast confirmation a 60 Satoshi is recommended per byte
Best possible way to know the inputs is to know and calculate the transactions on your account and see how many inputs will be needed from the remaining unspent one's in order to calculate the inputs prior to sending (not sure if there's a wallet that does this automatically but I'm saying this base on my experience of using blockchain.info only)
There's another thing that would help in most cases and that is the feature in blockchain.info (not sure if it exist on others too) that You would choose the fee from normal to generous and automatically each transaction will have a fee of 0.001 as base fee.
The fee for your transaction should have been 0.0005784 to be as high priority transaction that would get confirm within the next block.
How big is transaction fee in bitcoin?
Minimum, maximum?
What do you want to pay to successful transaction?
Thank you.
Minimum, maximum?
What do you want to pay to successful transaction?
Thank you.
Use a wallet who offers dynamic transaction fees.
These will calculate automatically how high/low the fee should be.
for exemple: ------------> electrum (as cited 2 posts above...) How big is transaction fee in bitcoin?
Minimum, maximum?
What do you want to pay to successful transaction?
Thank you.
Minimum, maximum?
What do you want to pay to successful transaction?
Thank you.
Use a wallet who offers dynamic transaction fees.
These will calculate automatically how high/low the fee should be.
there are no minimum or maximum.
what fee to pay depends on factors like the size of the transaction and total number of unconfirmed transaction currently waiting on the mempool.
the site the user above me posted (https://bitcoinfees.21.co/) can be used to determine what fee you should pay.
what fee to pay depends on factors like the size of the transaction and total number of unconfirmed transaction currently waiting on the mempool.
the site the user above me posted (https://bitcoinfees.21.co/) can be used to determine what fee you should pay.
Minimun can be zero but it will take transcation to complete in ages. I think the normal fee is 0.0001 BTC
and better: 0.0005/kilobyte ( what is the defaut electrum's fees)
...keep in mind that's stay a RIDICULOUS amont of money, as fees, to send money easily all around the world
i really dont understand why some user dont want to play the game in a fair way.. maybe you want do that for ... FREE ?? .. LMAO
indeed, you can do it for 0.0001/KB ... but : just think to miners please... ' even if you 're not here to be "social ".
there are no minimum or maximum.
what fee to pay depends on factors like the size of the transaction and total number of unconfirmed transaction currently waiting on the mempool.
the site the user above me posted (https://bitcoinfees.21.co/) can be used to determine what fee you should pay.
what fee to pay depends on factors like the size of the transaction and total number of unconfirmed transaction currently waiting on the mempool.
the site the user above me posted (https://bitcoinfees.21.co/) can be used to determine what fee you should pay.
Minimun can be zero but it will take transcation to complete in ages. I think the normal fee is 0.0001 BTC
there are no minimum or maximum.
what fee to pay depends on factors like the size of the transaction and total number of unconfirmed transaction currently waiting on the mempool.
the site the user above me posted (https://bitcoinfees.21.co/) can be used to determine what fee you should pay.
what fee to pay depends on factors like the size of the transaction and total number of unconfirmed transaction currently waiting on the mempool.
the site the user above me posted (https://bitcoinfees.21.co/) can be used to determine what fee you should pay.
you can find many answer to fees questions on this webstite: https://bitcoinfees.21.co/
i hope this could help you
Kind regards
i hope this could help you
Kind regards
How big is transaction fee in bitcoin?
Minimum, maximum?
What do you want to pay to successful transaction?
Thank you.
Minimum, maximum?
What do you want to pay to successful transaction?
Thank you.
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