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Setting different fees for different transactions
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Topic: Setting different fees for different transactions (Read 650 times)
areebmajeed
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Setting different fees for different transactions
November 10, 2015, 06:55:53 AM
#1
Hello!
Is there a way to set different fees for different Bitcoin transactions with Bitcoind?
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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ranochigo
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Re: Setting different fees for different transactions
November 10, 2015, 08:06:09 AM
#2
You can set a different fee for each transactions using the command -paytxfee=(Amounthere). Input the amount as the desired BTC/KB.
For example, you can use
Code:
bitcoind -paytxfee=(AmountHere) sendtoaddress (Bitcoin address) (Amount)
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areebmajeed
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Re: Setting different fees for different transactions
November 10, 2015, 08:08:52 AM
#3
Beautiful! Thank you so much.
areebmajeed
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Re: Setting different fees for different transactions
November 10, 2015, 11:33:47 AM
#4
Any idea how I could wrap that to JSON-RPC?
For instance,
$bitcoin->sendfrom($account,$btc_addr,(real)$btc_amt);
I'd like to add the parameter to set the txfee.
ranochigo
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Re: Setting different fees for different transactions
November 10, 2015, 12:22:52 PM
#5
I'm not too familiar with using JSON-RPC in PHP but you could try using:
$bitcoin->settxfee(BTC/KB here)
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areebmajeed
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Re: Setting different fees for different transactions
November 10, 2015, 12:25:11 PM
#6
But, that's like changing the fee of the whole wallet every single time? What I mean is to set a different fee for every different transaction.
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