Bitcoin Forum
May 03, 2024, 06:00:53 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin fees in layman's terms how much?  (Read 118 times)
pacman7331 (OP)
Full Member
***
Offline Offline

Activity: 638
Merit: 118



View Profile
January 19, 2018, 07:35:18 AM
 #1

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.  Roll Eyes

1714759253
Hero Member
*
Offline Offline

Posts: 1714759253

View Profile Personal Message (Offline)

Ignore
1714759253
Reply with quote  #2

1714759253
Report to moderator
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714759253
Hero Member
*
Offline Offline

Posts: 1714759253

View Profile Personal Message (Offline)

Ignore
1714759253
Reply with quote  #2

1714759253
Report to moderator
1714759253
Hero Member
*
Offline Offline

Posts: 1714759253

View Profile Personal Message (Offline)

Ignore
1714759253
Reply with quote  #2

1714759253
Report to moderator
piloder
Legendary
*
Offline Offline

Activity: 966
Merit: 1006


View Profile
January 19, 2018, 07:42:15 AM
 #2

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
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!