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Author Topic: Send 1 BTC and pay in fee (0.00060000 BTC) is too little?  (Read 152 times)
morrisonrox
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October 12, 2017, 08:21:03 PM
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Hi guys i send 0.99723103 BTC and the fee i pay is 0.00060000 BTC is too little, how long you think will be take to confirm?

Kinds regards.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a transaction fee.
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DiggerMan
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October 12, 2017, 08:43:04 PM
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Hi guys i send 0.99723103 BTC and the fee i pay is 0.00060000 BTC is too little, how long you think will be take to confirm?

Kinds regards.

where are you make this transaction?
mahibul49
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October 12, 2017, 08:53:05 PM
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i think its enough fee Smiley
in coinbase they take only 1$ fee   i think Smiley

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October 12, 2017, 09:00:02 PM
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i think its enough fee Smiley
in coinbase they take only 1$ fee   i think Smiley

He means enough fees for the network to be able to confirm it, not enough for the company as they shouldn't be taking anything that's not negligible.

But no, that fee is usually enough to be able to handle that. Fee's right now is around $2.20, so going over it isn't going to hurt you in the least. Plus, you're sending 1 BTC and the price is currently rapidly changing so you may have meant a different price.

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danherbias07
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October 12, 2017, 09:02:56 PM
#5

Hi guys i send 0.99723103 BTC and the fee i pay is 0.00060000 BTC is too little, how long you think will be take to confirm?

Kinds regards.

Dude that is just 60k satoshis for sending 100 million of satoshis. See the difference?
I send 2 million satoshis and yet I pay almost 20k. I think your transaction is enough for miners to have a little of something to mine more.

macartem
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October 12, 2017, 09:15:31 PM
#6

Hi guys i send 0.99723103 BTC and the fee i pay is 0.00060000 BTC is too little, how long you think will be take to confirm?

Kinds regards.

I think that this is even more than enough.
salihno71
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October 12, 2017, 09:29:38 PM
#7

Hi guys i send 0.99723103 BTC and the fee i pay is 0.00060000 BTC is too little, how long you think will be take to confirm?

Kinds regards.

Transaction fee is not calculated based on how much you send but based on how big the transaction is in bytes. Usually transaction is around 220 bytes. Here you can check how long you can expect to wait based on how much fee you have paid https://bitcoinfees.21.co/ If you paid 60k satoshis it should be quite fast, one or two blocks.

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