What is the current minimum BTC transaction fee?

pinoyden

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Quote from: CrypticAce on October 14, 2017, 10:11:44 PM

If I send a transaction of $900 will it get confirmed with 1 sat, and how long would it take if it did

it would take forever to confirm and probably your transaction will be ignored by miners because 1 sat is frigin low not unless you can re pay for a transaction accelerator to speed up the process.

Quote from: posi on October 18, 2017, 12:07:05 PM

If you want to receive your transaction in 45 minutes time. I think the minimum transaction fee is 0.00009255btc and that's if you urgently need your transaction or preventing dust transfer.

i dont think so. judging on the bitcoins current value today i think 0.00009255btc is not enough for a 45 minutes transfer, infact i send lately with that said amount and guess what, the bitcoin arrives roughly 4 to 5 hours and its in low priority though. tsk, sigh..

posi

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If you want to receive your transaction in 45 minutes time. I think the minimum transaction fee is 0.00009255btc and that's if you urgently need your transaction or preventing dust transfer.

Jonashe

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If time is not a problem for you you can pay 1 satoshi Grin

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: CrypticAce on October 14, 2017, 10:11:44 PM

If I send a transaction of $900 will it get confirmed with 1 sat, and how long would it take if it did

There is a difference between a cheap transaction that gets confirmed in weeks and a standard fees transaction which may confirm within an hour. Its upto you to decide whether you want to send your bitcoins and wait for the transaction to confirm in a month or to confirm it within a day. Honestly I think the miners should get a proper reward for the blocks they mine and so if you want a painfully slow transaction then be my guest but I would prefer to pay an optimum fee.

wilkas

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Quote from: CrypticAce on October 14, 2017, 10:11:44 PM

If I send a transaction of $900 will it get confirmed with 1 sat, and how long would it take if it did

Are you sure you want to risk it with this amount? https://bitcoinfees.21.co/ tells that currently its up to 110 minutes, but I would go with at least 11 sats/byte.

CrypticAce

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If I send a transaction of $900 will it get confirmed with 1 sat, and how long would it take if it did

kiloiko

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Quote from: wilkas on August 11, 2017, 10:41:34 PM

I want to send 0,01 BTC from blockchain.info to Poloniex. What is the minimum fee I can use? This site bitcoinfees.21.co says that it should be enough to use 21 sat/b and get transaction in 9 hours. But I've heard that there is a minimum total sat size (around 5460) to prevent dust transfers. Please advice.

In the blockchain I don’t think there is any minimum transaction fee, there are just recommended fees to help get your transactions confirmed in little or faster time. The minimum required fee to get it confirmed in a day is somewhere around 120sat/byte.

Golerm

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It also depends on how busy the network is. I've recently sent low fee (too low if you follow the guidelines here) payments which eventually got confirmed, while a few weeks back payments never got confirmed even with a high fee.

Personally, I think the fees are way too high and confirmations too slow since around 2013.

Asyifiah

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If you using privat wallet bitcoin , you can change fee 25k - 100k Satoshi for one send Bitcoin.
But If you send Bitcoin with another exchanger , depending on the exchanger it explains how much it costs once Transaction send Bitcoin.

swscowods

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Quote from: wilkas on August 11, 2017, 10:41:34 PM

I want to send 0,01 BTC from blockchain.info to Poloniex. What is the minimum fee I can use? This site bitcoinfees.21.co says that it should be enough to use 21 sat/b and get transaction in 9 hours. But I've heard that there is a minimum total sat size (around 5460) to prevent dust transfers. Please advice.

There is no minimum, though there are set minimums for you to get your transactions confirmed in lesser time, you can set up custom fees to either reduce or increase the fees though you should remember that the fees also affect transaction speed.

kingntking

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Quote from: wilkas on August 11, 2017, 10:41:34 PM

I want to send 0,01 BTC from blockchain.info to Poloniex. What is the minimum fee I can use? This site bitcoinfees.21.co says that it should be enough to use 21 sat/b and get transaction in 9 hours. But I've heard that there is a minimum total sat size (around 5460) to prevent dust transfers. Please advice.

I don’t know if there is any maximum but all I know is that the higher transaction fee you set, the faster your transaction gets confirmed and the deal is done. If you use a very low transaction fee for your transactions, then you should be ready to wait long for confirmation

offlinedragon

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Quote from: wilkas on August 11, 2017, 10:41:34 PM

I want to send 0,01 BTC from blockchain.info to Poloniex. What is the minimum fee I can use? This site bitcoinfees.21.co says that it should be enough to use 21 sat/b and get transaction in 9 hours. But I've heard that there is a minimum total sat size (around 5460) to prevent dust transfers. Please advice.

I actually don’t know but I’ve been able to use 60sat/b transaction fee and I almost cried because it took hours for it to get confirmed. Anyone using a custom transaction fee should note that the higher the transaction fee the faster the transaction

wilkas

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Today have done another transfer with 40 sat/byte and it came through in less than 12 hours.

eidoscore

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Quote from: wilkas on August 11, 2017, 10:41:34 PM

I want to send 0,01 BTC from blockchain.info to Poloniex. What is the minimum fee I can use? This site bitcoinfees.21.co says that it should be enough to use 21 sat/b and get transaction in 9 hours. But I've heard that there is a minimum total sat size (around 5460) to prevent dust transfers. Please advice.

never using fee 21sat/bytes or your trnsaction can't get confirmed by the miner.

mkjtraders

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Quote from: wilkas on August 11, 2017, 10:41:34 PM

I want to send 0,01 BTC from blockchain.info to Poloniex. What is the minimum fee I can use? This site bitcoinfees.21.co says that it should be enough to use 21 sat/b and get transaction in 9 hours. But I've heard that there is a minimum total sat size (around 5460) to prevent dust transfers. Please advice.

I used 1sat/byte up to 5 byte/ sat for my micro payment transactions but it would take 1 to 7 days for 3 confirmations. I would suggest to check customize few option at different times during the day and prefer to do transaction at time when fees are at minimum due to low load of transactions.

Thekool1s

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Quote from: henmark on August 31, 2017, 01:02:21 AM

Quote from: wilkas on August 11, 2017, 10:41:34 PM

I want to send 0,01 BTC from blockchain.info to Poloniex. What is the minimum fee I can use? This site bitcoinfees.21.co says that it should be enough to use 21 sat/b and get transaction in 9 hours. But I've heard that there is a minimum total sat size (around 5460) to prevent dust transfers. Please advice.

I actually don’t know what it is. I’ve been able to make transactions with 50sat/b though it took almost 18 hours to get confirmed. I was scared that I had lost the money, or it was not going to be confirmed

50 Satoshi is not bad if you don't want quick confirmations, also remember you never lose your bitcoins, eventually if you don't get any confirmation on your transaction. Your btc will reappear in your wallet, just please don't use a wallet like blockchain.info it will just rebroadcast your transactions and you may lose your bitcoins forever.

nicosey

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Still find this the best tool to use, https://bitcoinfees.21.co/

henmark

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Quote from: wilkas on August 11, 2017, 10:41:34 PM

I want to send 0,01 BTC from blockchain.info to Poloniex. What is the minimum fee I can use? This site bitcoinfees.21.co says that it should be enough to use 21 sat/b and get transaction in 9 hours. But I've heard that there is a minimum total sat size (around 5460) to prevent dust transfers. Please advice.

I actually don’t know what it is. I’ve been able to make transactions with 50sat/b though it took almost 18 hours to get confirmed. I was scared that I had lost the money, or it was not going to be confirmed

perfect999

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I actually don’t know what it is. But I think if its an urgent transfer and you need fast confirmation you should make it a little about 400sat/b. with that you should get confirmed in like an hour. If you use something lower than that it might take hours for it to get confirmed.

Thekool1s

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Change is in your hands

By $5 i meant, a single payment of $5 from faucet, not divided ones, i do understand the other part, how the wallets combine up the addresses and sends the payments. what i meant in my previous reply was Like user waits up to till his earnings reach $5 and then withdraws and spends $3 from that in that scenario it will be helpful for the user.

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TLDR; just don't accept small amounts of BTC

Exactly!

Topic: What is the current minimum BTC transaction fee? (Read 3546 times)