Transaction fee

[MaximC]

How big is transaction fee in bitcoin?

Minimum, maximum?
What do you want to pay to successful transaction?

Thank you.

[defcon23]

you can find many answer to fees questions on this webstite: https://bitcoinfees.21.co/

i hope this could help you 


Kind regards

[longbob72]

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.

[GregH37]

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.

Minimun can be zero but it will take transcation to complete in ages. I think the normal fee is 0.0001 BTC

[defcon23]

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.

Minimun can be zero but it will take transcation to complete in ages. I think the normal fee is 0.0001 BTC

NO ! : that's depend of the kilobytes of your transaction : a good (minimum) choice is : 0.0003/ kilobyte.
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 ".  

[Denker]

How big is transaction fee in bitcoin?

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.

[defcon23]

How big is transaction fee in bitcoin?

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.

i agree  for exemple: ------------>  electrum (as cited 2 posts above...)

[SFR10]

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).

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.

[yenxz]

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.

[btvGainer]

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

[gentlemand]

I leave it up to my wallet. I can't be bothered to stay on top of the most fashionable fees of the moment.

[unamis76]

You can learn pretty much everything about fees here. You can see live info on bitcoinfees and Statoshi too.

[TastyChillySauce00]

if you're using blockchain when you want to send a bitcoin, just simply use the quick send features and it'll automatically set a requrement fee for your transaction ,not too much, not too less

[fuathan]

It depends on the technology or system that you are using...

[setupbounds]

Transaction fee is not something to be worried about in Bitcoin Network. It is very very low fee and it is paid to the miners who have done such a hard work and put in their resources and hardware to mine the coin for us. 

[fenican]

While transaction fees are presently low, the true cost per transaction, paid for through currency dilution, is enormous:

https://blockchain.info/charts/cost-per-transaction

This is clearly unsustainable since it requires a massive number of buy and hold Bitcoin investors to effectively subsidize miners. Investors at $5/BTC had some reasonable expectation to gain money. Investors at $400/BTC are just paying for the network; little or no chance of appreciation (see the people who "invested" at $1100/BTC, $900/BTC, $700/BTC, etc...)

[ralle14]

How big is transaction fee in bitcoin?

Minimum, maximum?
What do you want to pay to successful transaction?

Thank you.

That depends on how much are you going to send and also which wallet are you using if you are using an exchange wallet like coinbase they wont charge you for any fees, if you are using blockchain wallet or mycelium the minimum is 0 but it could take weeks before it gets confirmed just always use the standard fee which is .0001 and your transaction should be fine.

[bankingbtc]

How big is transaction fee in bitcoin?

Minimum, maximum?
What do you want to pay to successful transaction?

Thank you.

usually fee is around 0,0001 fee, but that's not maximum fee or minimum fee, like someone said minimum fee can be 0, just it will take ages to send/get bitcoins, while i don't know how maximum fee looks like but it depends on technology, usually higher fee - faster sending/geting bitcoins

[BitHodler]

How big is transaction fee in bitcoin?

Minimum, maximum?
What do you want to pay to successful transaction?

Thank you.

usually fee is around 0,0001 fee, but that's not maximum fee or minimum fee, like someone said minimum fee can be 0, just it will take ages to send/get bitcoins, while i don't know how maximum fee looks like but it depends on technology, usually higher fee - faster sending/geting bitcoins

It depends highly on how many inputs a certain transaction has. If I send a single input of 1BTC then I can most likely get it confirmed within 2 blocks with only 0.00001BTC in fees.

If you have a transaction of 1BTC with 20 inputs being 0.05BTC each, you most likely won't get your transaction confirmed within 5 blocks with only 0.00001BTC in fees. Then around 0.0005-0.001BTC will be more suitable.

[gkv9]

Nowadays, normal mining fee considered to get your transactions earlier into the blocks is ~0.0002 BTC...
But as said, everything depends on the total size of the transaction, as to how many bytes are being used, and you then need to decide the fee for the same...