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Title: Bitcoin fees in layman's terms how much? Post by: pacman7331 on January 19, 2018, 07:35:18 AM Can someone tell me how much bitcoin is per transaction? I know using electrum wallets u can set different fees for rate of confirmations. But what is the fee for sending from wallets that don't have this function? Like sending from an exhange wallet (not including exhange fees)? Can someone just give me a number in BTC? I look it up on google and I see this: https://bitcoinfees.info
And that makes a whole lot of zero sense to me. ::) Title: Re: Bitcoin fees in layman's terms how much? Post by: piloder on January 19, 2018, 07:42:15 AM Transaction fee depend upon size and size depends upon number of input and number of output.
When you will send 0.5 bitcoin from one address which have received 1BTC in single transaction before than it will have one input + two output which is also considered as normal bitcoin transaction and it have 226 bytes. If you have received bitcoin in very small quantity before in many micro trasnaction and want to send it all to another address you will have multiple input so your tx size will increase as well as your fee. Learn more about tx fee here http://bitcoinpam.com/bitcoin-transaction-fees/ https://en.bitcoin.it/wiki/Transaction_fees |