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Title: How much fees should i pay ? Post by: floguigui on January 11, 2018, 10:47:35 AM Hello guys, i'm looking to transfer 0.05 btc, do you know how much fees i should pay for that transaction ? I'm a bit lost
Thank you Title: Re: How much fees should i pay ? Post by: Welsh on January 11, 2018, 11:10:39 AM Depends how fast you want it to be confirmed. Fees are a little bit higher than they were a few months ago. A good reference point is here: https://bitcoinfees.earn.com/
Before sending any transaction always check that website to avoid having transactions stuck for days on end. Title: Re: How much fees should i pay ? Post by: floguigui on January 11, 2018, 11:16:03 AM Thank for you answer, i dont really understand what that means, i'm ready to wait 2 hours, 440 sat/ should be ok ?
Thank you :) Title: Re: How much fees should i pay ? Post by: Lucius on January 11, 2018, 11:21:30 AM Hello guys, i'm looking to transfer 0.05 btc, do you know how much fees i should pay for that transaction ? I'm a bit lost Thank you From what wallet/service you want to transfer that 0.05 BTC and how fast you want confirmations?As you may see in link Welsh posted,current fastest fee you can pay is 480 satoshis/byte or 100 000+ satoshi for size of 226 bytes transaction.It would be good to know how much inputs/outputs you have and size of transaction.Some wallets like Electrum allow you to see that before sending(preview option) so you can adjust fee based on that data. You can play with some settings based on time/blocks/inputs/outputs here : https://estimatefee.com/ Title: Re: How much fees should i pay ? Post by: asdlolciterquit on January 11, 2018, 11:35:22 AM Depends how fast you want it to be confirmed. Fees are a little bit higher than they were a few months ago. A good reference point is here: https://bitcoinfees.earn.com/ Before sending any transaction always check that website to avoid having transactions stuck for days on end. sorry if i jump into this thread, but i need a little help to understand better that site. I see that, the worst case scenario is 420 minutes: more or less 7 hours. It's not seem to me "days"... surely i miss something: can you tell me what? Thanks! Title: Re: How much fees should i pay ? Post by: Lucius on January 11, 2018, 02:07:55 PM Depends how fast you want it to be confirmed. Fees are a little bit higher than they were a few months ago. A good reference point is here: https://bitcoinfees.earn.com/ Before sending any transaction always check that website to avoid having transactions stuck for days on end. sorry if i jump into this thread, but i need a little help to understand better that site. I see that, the worst case scenario is 420 minutes: more or less 7 hours. It's not seem to me "days"... surely i miss something: can you tell me what? Thanks! I do not know where you are looking,but https://bitcoinfees.earn.com/ on the top you will see up to 1200 minutes or "inf" which means infinity.Time for confirmations is estimated by number of block in which transaction should be confirmed,and also time in minutes which is go from 0-infinity. For example if you pay 281-290 satoshis/byte your transaction should be included in next 2-10 blocks and estimated time for that is from 5-180 minutes.You can also use other link I posted,if you know number of inputs/outputs and size of transaction you know how much fee you need to pay for specific time of confirmations. Title: Re: How much fees should i pay ? Post by: Thirdspace on January 11, 2018, 02:23:13 PM Hello guys, i'm looking to transfer 0.05 btc, do you know how much fees i should pay for that transaction ? I'm a bit lost Thank you Thank for you answer, i dont really understand what that means, i'm ready to wait 2 hours, 440 sat/ should be ok ? the transaction fee is not based on the amount being transacted but the size of transaction itself and current network fee the more your utxo inputs used the more expensive the transaction fee will be if you tell us the # utxo inputs used and how many destination outputs, we can tell you the appropriate fee or simply tell us which address the origin of your fund and to how many recipients... Title: Re: How much fees should i pay ? Post by: asdlolciterquit on January 11, 2018, 02:45:45 PM Depends how fast you want it to be confirmed. Fees are a little bit higher than they were a few months ago. A good reference point is here: https://bitcoinfees.earn.com/ Before sending any transaction always check that website to avoid having transactions stuck for days on end. sorry if i jump into this thread, but i need a little help to understand better that site. I see that, the worst case scenario is 420 minutes: more or less 7 hours. It's not seem to me "days"... surely i miss something: can you tell me what? Thanks! I do not know where you are looking,but https://bitcoinfees.earn.com/ on the top you will see up to 1200 minutes or "inf" which means infinity.Time for confirmations is estimated by number of block in which transaction should be confirmed,and also time in minutes which is go from 0-infinity. For example if you pay 281-290 satoshis/byte your transaction should be included in next 2-10 blocks and estimated time for that is from 5-180 minutes.You can also use other link I posted,if you know number of inputs/outputs and size of transaction you know how much fee you need to pay for specific time of confirmations. well, that was my mistake. I didn't realize that inf means infinity. That can be a real problem... hypothetically a transaction can be stucked...for, i don't know...months? |