Minimum fee to transfer bitcoin

[ledsgo]

Hi, some of my BTC are on Armory on my old computer.

I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).

The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.

What is the cheapest way to move bitcoin from a wallet to another wallet?

Thanks!

[JaredStein]

The minimum fee to transger Bitcoin is 1 satoshi. It will take a while for that to get confirmed probably though so you can get it bumped up to have it confirmed faster.

[dead_m92]

The minimum amount of money to make your transaction goes through the blockchain is aprox 0.0005 at the moment (less than 3 dollars) and that is not much money if you think about it, you are only paying three dollars or less only to send a payment.. there is a lot of people complaining about it, but i dont understand why, because that amount is nothing compared to the  fees that you have to pay for a bank wire (much more than $25 each)
so it is fine for me, you can send less than that amount, but your transaction will take an eternity.

[Malamok101]

Let you try coinpayment.net account for bitcoin and altcoins,For low as fee against 0.0002btc i dont know to others altcoins if thats the same fee too because coinpayment wallet is have a altcoins wallet too not bitcoin only thats a secured wallet and tested theres a campaign for thats site.

[btc78]

Let you try coinpayment.net account for bitcoin and altcoins,For low as fee against 0.0002btc i dont know to others altcoins if thats the same fee too because coinpayment wallet is have a altcoins wallet too not bitcoin only thats a secured wallet and tested theres a campaign for thats site.

yeah thats right,COINPAYMENT is the most cheapest way to transper your coin.but i think its only for Bitcoin.havent try to other coin transfer but you can try to check it out for other details.ita tried and tested

[Blockfolioz]

I was insisted that each wallet service has got different fee structure for the transactions made. Also high volume transactions profit good, because it gets less transaction fee compared to the small volume transactions. Even without transaction fee transfer happens, but it won't get confirmation.

[Dudeperfect]

Well, it depends on the network load and the priority of your transaction. In most of the cases, while sending the funds using web wallet, the fees are automatically adjusted according to the factors mentioned above.

However, if you want to send the funds to someone without paying the transaction fees then you can use Localbitcoins coupon system where you are supposed to hold the amount in your wallet associated your Localbitcoins account and generate a coupon worth the amount you wish to send and then you can share that coupon code with the person. The amount will be automatically deducted from Localbitcoins wallet after successful redemption of the coupon you sent. There is no fees or charges to use this service if I am not wrong.

[24core]

The fee can be as low as 0.0002btc but it will take a while for the payment.  The higher the fee the faster the other party would receive the funds.

[Cimmy_revenger]

Hi, some of my BTC are on Armory on my old computer.

I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).

The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.

What is the cheapest way to move bitcoin from a wallet to another wallet?

Thanks!

minimum fee you can pay 0.0002xx BTC but if your balance Bitcoin its large , I recommended you for pay Fee 0.018 BTC or more because fast confirmed block.

[krauzzer02]

Some desktop or android based wallet lets you customize the transaction fee for the transfer bitcoin as low as 1 satoshi the cheapest fee that you can made but the risk of this one is that it will take a weeks or months to confirm the transfer of your coins which is kinda inconvenient to do just because you are saving money the work around to make your transfer confirmations faster is to raise your fee for atleast 0.0002 sats and above.
Some wallets and coinbase exchanges have a default transfer fee for the transaction so it depends on the wallet and storage that you are using.

[buwaytress]

Actually, there is no set minimum fee to use the Bitcoin network, and it is still possible to set zero fees for a transaction. However, most web-based wallets that you can use will set in its software a minimum fee. Some express it as a network fee, some express it as a transaction fee. But this is actually just the fee they charge you for their service. The actual fee they use to pay miners for including your transaction will generally vary. Miners in general will prioritise higher fees, since they make more that way, naturally.

You're choosing to use Exodus, which doesn't let you control your fees and sets a minimum for you, but this means you have no control over how low that can be or quickly your tx gets confirmed

If you are using a wallet that enables you to control setting your own fee (My favourite is Electrum!), some websites can help you estimate the minimum fees you need to get your first confirmation in a range of time. My favourite is https://bitcoinfees.21.co

[dificanovi]

The minimum amount of money to make your transaction goes through the blockchain is aprox 0.0005 at the moment (less than 3 dollars) and that is not much money if you think about it, you are only paying three dollars or less only to send a payment.. there is a lot of people complaining about it, but i dont understand why, because that amount is nothing compared to the  fees that you have to pay for a bank wire (much more than $25 each)
so it is fine for me, you can send less than that amount, but your transaction will take an eternity.

I think as much as the payment to transfer bitcoin from one wallet to another is not too expensive, that's a natural thing for me. there are indeed other cheaper ways of bitcoin transfer fees, but the process is very long.

[azril fauzan]

Minimum bitcoin fee is relative, depending on the policy of its market to withdraw its fee, because every market where we transaction bitcoin fee is different between one market with its other market

[nappoleon]

Just recently, I've tried a transaction with a 4k sat fee that's about .27-25 cents sending about $20 just to try it out. And I got confirmed within 2 hours. Lower than 3k sats I'm struggling to get confirmations though mempool has some volume. The smaller the fee the slower it gets confirmed the higher the faster it gets confirmed. So planning your transactions may save you some sats, It's good transact when mempool is empty, it's way more faster. But dude just backup your keys and import it to your new wallet. No need to make a transaction.

[michellee]

Hi, some of my BTC are on Armory on my old computer.

I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).

The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.

What is the cheapest way to move bitcoin from a wallet to another wallet?

Thanks!

usually I spend 0.0003xxxx btc for the fees. I think you can set the fees in the setting in your armorey wallet. but I think if you want to move more than 1 btc from your armory to another wallet, then its no problem if you have to pay the fee 0.005848 btc and I think its still cheap for you because you want to move more than 1 btc.  but if you want to move less than 0.1 btc and your fees is more than 0.001xxx btc then you might have to check in your setting wallet.

[neo444]

He exist many exchange sites to transfer your bitcoin to another wallet and for that you have to verify the price of fee for many exchange site and make your transfer with the exchange site who have the low fee

[bitart]

Hi, some of my BTC are on Armory on my old computer.

I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).

The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.

What is the cheapest way to move bitcoin from a wallet to another wallet?

Thanks!

usually I spend 0.0003xxxx btc for the fees. I think you can set the fees in the setting in your armorey wallet. but I think if you want to move more than 1 btc from your armory to another wallet, then its no problem if you have to pay the fee 0.005848 btc and I think its still cheap for you because you want to move more than 1 btc.  but if you want to move less than 0.1 btc and your fees is more than 0.001xxx btc then you might have to check in your setting wallet.

If you decide to send the coins with really low fee settings, you can try an accelerator to get your transaction confirmed sooner.
https://pool.viabtc.com/tools/txaccelerator/
This it the ViaBTC accelerator, every full hour you can send your low fee transaction to get it included into the very next block. Just be very sharp, only the first few transactions are included, if you miss it, you need to wait another hour to try.

[cleygaux]

You could export your bitcoin private key from Armory and import it to SPV bitcoin wallet such as Electrum. Otherwise, just manually configure fee/(byte/KB) or transaction fee. Just remember that lower fees could increase confirmation time.

I think this is the best way to transfer your btc into new wallet or location without spending any fees if it will cost you that much.
 

[ehrz22]

The minimum amount of money to make your transaction goes through the blockchain is aprox 0.0005 at the moment (less than 3 dollars) and that is not much money if you think about it, you are only paying three dollars or less only to send a payment.. there is a lot of people complaining about it, but i dont understand why, because that amount is nothing compared to the  fees that you have to pay for a bank wire (much more than $25 each)
so it is fine for me, you can send less than that amount, but your transaction will take an eternity.

It's a big deal for newbies who earned that amount in claiming faucets or doing some task. Also $3 in some country like in ours can buy foods or clothes already. But if you are transferring high amount of btc thrn 0.0005 is really not a big deal. I just hope transactions fees will be lowered in the near future like altcoins.

[Dextroboy]

The minimum fee to transger Bitcoin is 1 satoshi. It will take a while for that to get confirmed probably though so you can get it bumped up to have it confirmed faster.

No
The Minimum Are 0 Satoshi
And If U Use That Fee Maybee Your Transaction Will Never Confirmed

[Nikhilk]

More time required to transfer ur btc when u pay minimum transaction or mining fee
So if u can have time then u can proceed with minimum amount of Satoshi for transaction

[jackhdt]

Please read the question carefully. I see many people don't notice that he is holding bitcoin on PC namely ARMORY WALLET. I have never used armory Wallet but i used to use the electrum wallet, i think they will be the same. Please check on the software will be item transaction fee: Please adjust the fee low enough so that the transaction can confirm. It is about 0.0005

[stompix]

Let you try coinpayment.net account for bitcoin and altcoins,For low as fee against 0.0002btc i dont know to others altcoins if thats the same fee too because coinpayment wallet is have a altcoins wallet too not bitcoin only thats a secured wallet and tested theres a campaign for thats site.

He has his own wallet.
He is asking to to transfer coins from his wallet not about a service.
To use coinpayment you must first transfer the coins to their wallet which he can''t do it right now because of the fees.

minimum fee you can pay 0.0002xx BTC but if your balance Bitcoin its large , I recommended you for pay Fee 0.018 BTC or more because fast confirmed block.

Let me get this right...
You recommend him paying a fee of over 100$ dollars to move his coins?
Are you out of your mind?


Now back to the op.

If you just want to move the priv keys go to the backup center in the wallet dialog.

[shinratensei_]

Hi, some of my BTC are on Armory on my old computer.

I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).

The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.

What is the cheapest way to move bitcoin from a wallet to another wallet?

Thanks!

I've used around 50k satoshi to send each bitcoin transaction every time and due to the segwit support that gives the more improvement and my transaction already got a fast transaction. It doesn't make sense to see about the reliable fees almost 0,006 satoshi. But you can try to see about the reliable fees through bitcoin21fess and just try to put what you have seen from there about the reliable fees.

[coinbd]

I think Bitcoin transfer from one wallet to another wallet is not too expensive. This is the easiest for me.
Bitcoin Transfer Free Actually there are other methods, but the process is very long.

[Usui-Kun]

The higher the transfer fee, the faster the transaction. You just have to deal with that.

[Hamilcar]

You can pay the much do you want for fees. Bumping fees is useful to accelerate transaction confirmation.
Unfortunately miners won't confirm your transaction if you put very small fee.

[salihno71]

Hi, some of my BTC are on Armory on my old computer.

I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).

The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.

What is the cheapest way to move bitcoin from a wallet to another wallet?

Thanks!

Check here http://bitcoinfees.21.co/ and here https://blockchain.info/charts/mempool-size The larger the mempool size, the more expensive fees.  So at this moment you should put at least 21 satoshi per byte.

But maybe better way would be to transfer private key from one wallet to another. This should cost 0.

[pinoyden]

The minimum fee to transger Bitcoin is 1 satoshi. It will take a while for that to get confirmed probably though so you can get it bumped up to have it confirmed faster.

lol, are you joking right? 1 satoshi seriously? go  try to send any amount of bitcoins with that transation fee and see if the reciever will recieve your bitcoins, probably you will have to wait forever and your transactions wont never be confirmed because 1 satoshi is insanely small amount and miners will definetly ignore you not unless you use some kind of transaction accelerator.

[ledsgo]

Actually, there is no set minimum fee to use the Bitcoin network, and it is still possible to set zero fees for a transaction. However, most web-based wallets that you can use will set in its software a minimum fee. Some express it as a network fee, some express it as a transaction fee. But this is actually just the fee they charge you for their service. The actual fee they use to pay miners for including your transaction will generally vary. Miners in general will prioritise higher fees, since they make more that way, naturally.

You're choosing to use Exodus, which doesn't let you control your fees and sets a minimum for you, but this means you have no control over how low that can be or quickly your tx gets confirmed

If you are using a wallet that enables you to control setting your own fee (My favourite is Electrum!), some websites can help you estimate the minimum fees you need to get your first confirmation in a range of time. My favourite is https://bitcoinfees.21.co

Thanks a lot, I switch wallet to Electrum where I can control my fees and the web site you suggested is great to evaluate how much we should pay.

[2girls]

Hi, some of my BTC are on Armory on my old computer.

I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).

The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.

What is the cheapest way to move bitcoin from a wallet to another wallet?

Thanks!

So for me, I use to have a 0.0002 fee per transaction I made but it really depends on where you will going to make transactions, like where you gonna put your money and depends on the address you give.
The cheapest way is that both parties has coinbase account and there is no fee in coinbase to coinbase bitcoin movement.

[ZaynDale]

Lately I heard from an exchange website that they're only getting 2% per transaction. Well, that's fair for me. But some dudes were complaining about it I don't know why.if they're getting an easy money through Bitcoin and so exchangers does.

[ghost424]

Yes, the fee on transfering bitcoin's are a bit too high and i think this is their way of getting their profit. I guess they should set a standard chart of transaction fee's for each amount of bitcoin they want to transfer. I know there are some wallets which uses charts for transaction fees but it is not publicly advertised. I still trust that bitcoin is in their development process and will be more usable and advance in the future.

[magneto]

Hi, some of my BTC are on Armory on my old computer.

I want to move those bitcoin to my new computer on Exodus this time (I don't want to run a node on my new computer).

The fees to make the transfer are 0.005848 which is way too high for transferring money from one pocket to another.

What is the cheapest way to move bitcoin from a wallet to another wallet?

Thanks!

If you are asked to pay that much fees then it usually means that your transaction size is big, which is either a result of too many outputs/inputs or both. You can't really do anything about it if it's inputs.

However, what you can do is take a risk and create a transaction with low fees(perhaps 0.001 BTC fee) and then paying $4-10 for an acceleration.

At current btc prices, this is still a good deal. However, your acceleration may not succeed.

[nc50lc]

The minimum fee to transger Bitcoin is 1 satoshi. It will take a while for that to get confirmed probably though so you can get it bumped up to have it confirmed faster.

No
The Minimum Are 0 Satoshi
And If U Use That Fee Maybee Your Transaction Will Never Confirmed

0Sat, How is that possible? You need the blockchain and miners' resources to Transact right.

[bitalive]

Bitcoin Wiki is updated on Oct 11, 2017, so I guess this one is most recent update on this transaction issue https://en.bitcoin.it/wiki/Transaction_fees

[sunno330]

More time required to transfer ur btc when u pay minimum transaction or mining fee
So if u can have time then u can proceed with minimum amount of Satoshi for transaction

Yes, satoshi. But there are many wallet account going to get more trx fee and some of wallet getting low fees. Minimum fees not same always the different wallet. Its depend on transfer time, which wallet you using etc

[drwhobox]

At this moment the required fee per byte is 300 satoshi. Try checking out this site called https://bitcoinfees.21.co (dom't worry it's safe  i hve tested it.)

Btw, it depends on how much money you are going to send to another guy.

[HatakeKakashi]

I don't know what is the minimum fee to transfer bitcoin to another wallet. Because I use mobile wallet like blockchain and coinbase this wallet sometimes the transaction fee is very low but sometimes also the fee is very high I dont know why the fee is difference when I send bitcoin. But I hope sometimes the fee is very low like before . But if the fee is high your transaction confirm fast.

[degaga15]

yes i have a problem like you with a very high cut 0.005 fee, if every time the withdrawal with our piece as user is very aggrieved. the higher the bitcoin price the higher the discount.

[winspiral]

I'm in same situation...fees are very high.
I try to limit the dust in my wallet.

[stompix]

Luckily, Bitcoin users aren't completely without options right now. One thing you can do is wait until the network is less strained (at night, during the weekend), which is when transaction fees will go down. 

This one is pretty funny...
And when is this night happening?

Because at 3 PM here, it's already night in Japan and it's 8 AM in New York.
And when it 00:00 in LA , it's already morning and sunshine in Europe.

The obvious option is segwit. That or pay more.

[colonel_koval]

The minimum fee to transger Bitcoin is 1 satoshi. It will take a while for that to get confirmed probably though so you can get it bumped up to have it confirmed faster.

It is just outrageous that people can really give such a bad advice to anybody. The author either knows nothing or is misleading the OP.

I had a few transactions recently and the MINIMUM I paid was 7,5USD for 300 byte transactions, BUT it took two days two confirm. I had a 1 dollar transaction only once  back in December, but it was unconfirmed for more than three weeks.

If you create a transaction paying 1 satoshi, I can bet it will NEVER be confirmed, and it will cost you a lot of nerve and frustration and looking for ways to push it through anyway. Please know that currently the accelerators are either scam or they cost between 100 and 200 dollars per transactions, so it is better to inteligently set a fee that will be confirmed in reasonable time.

For that you can use this service: https://btc.com/stats/unconfirmed-tx . They tell you what is the best fee but better yet you can study the fee diagram and pay somewhat less but still be reasonably sure it will get confirmed in reasonable time

[wagi]

The minimum fee to transger Bitcoin is 1 satoshi. It will take a while for that to get confirmed probably though so you can get it bumped up to have it confirmed faster.

If 1 satoshi you set as the fee so you can wait untill one year to confirm your transcation.
Make it higher then you will have your transaction confirm faster. But if we set higher fee it seems like we will pay more fee than the amount you will pay.

[supermine]

There is no fixed minimum fee in bitcoin transaction it will be changed according to your wallets and some wallets have customization option so you can select the fee according to your desire but if you set too low fee then you transaction will be unconfirmed forever.So it is better to select the recomended fee for faster transaction,currently the fee is too heavy due to over load on blockchain network.So you have to use segwit address to reduce the fee little bit.

[bitcoinmasterlord]

There is no fixed minimum fee in bitcoin transaction it will be changed according to your wallets and some wallets have customization option so you can select the fee according to your desire but if you set too low fee then you transaction will be unconfirmed forever.So it is better to select the recomended fee for faster transaction,currently the fee is too heavy due to over load on blockchain network.So you have to use segwit address to reduce the fee little bit.

Past last one month the miners are collecting a huge amount for a single transaction. And after paying a high fee also we need to wait for a long time to receive our bitcoins. But now if we pay high fee confirmation will be done quickly, but still the fee is high. Don't know when this issue is going to resolve. And blockchain network is too worst.