Bitcoin Forum
October 22, 2017, 07:01:30 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How much Tx fee should I pay ?  (Read 958 times)
CoinLearn
Sr. Member
****
Offline Offline

Activity: 330


View Profile
February 08, 2014, 02:32:16 PM
 #1

I need to make my faucet payment where a total of 0.001 BTC will be distributed among multiple recipients. I would like to know how much Tx fee should I pay for this ?
1508655690
Hero Member
*
Offline Offline

Posts: 1508655690

View Profile Personal Message (Offline)

Ignore
1508655690
Reply with quote  #2

1508655690
Report to moderator
Visit and contribute to reddit.com/r/Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508655690
Hero Member
*
Offline Offline

Posts: 1508655690

View Profile Personal Message (Offline)

Ignore
1508655690
Reply with quote  #2

1508655690
Report to moderator
1508655690
Hero Member
*
Offline Offline

Posts: 1508655690

View Profile Personal Message (Offline)

Ignore
1508655690
Reply with quote  #2

1508655690
Report to moderator
1508655690
Hero Member
*
Offline Offline

Posts: 1508655690

View Profile Personal Message (Offline)

Ignore
1508655690
Reply with quote  #2

1508655690
Report to moderator
keithers
Legendary
*
Offline Offline

Activity: 1344


This is the land of wolves now & you're not a wolf


View Profile
February 08, 2014, 04:59:10 PM
 #2

Just pay the default amount
rix5
Sr. Member
****
Offline Offline

Activity: 271



View Profile
February 08, 2014, 05:46:02 PM
 #3

if it doesn't matter if it arrives a few days later you can also pay no fee at all
keithers
Legendary
*
Offline Offline

Activity: 1344


This is the land of wolves now & you're not a wolf


View Profile
February 08, 2014, 06:08:13 PM
 #4

If you are messing with the Tx fees make sure you put the decimal in the right spot! You dont want to end up sending more in transaction fees then the entire amount you meant to send Smiley
CoinLearn
Sr. Member
****
Offline Offline

Activity: 330


View Profile
February 08, 2014, 06:59:33 PM
 #5

Just pay the default amount

What is the default amount ? I am using BlockChain.info web wallet.
DannyHamilton
Legendary
*
Offline Offline

Activity: 1946



View Profile
February 09, 2014, 05:42:49 PM
 #6

I need to make my faucet payment where a total of 0.001 BTC will be distributed among multiple recipients. I would like to know how much Tx fee should I pay for this ?

That depends on how many recipients you are paying, and how many inputs you are using to build your transaction.

The standard fee right now is 0.0001 BTC per kilobyte.  Each input will be about 180 bytes or so, each output will be about 34 bytes, and there will be approximately 10 bytes in fixed size data in every transaction.

Sonny
Hero Member
*****
Offline Offline

Activity: 868


View Profile
February 10, 2014, 07:49:12 AM
 #7

I need to make my faucet payment where a total of 0.001 BTC will be distributed among multiple recipients. I would like to know how much Tx fee should I pay for this ?

The tx fee depends on how large your tx size is (in KB) rather than how much bitcoin you are sending out.
So, to know the tx fee you need to pay, you need to know how many inputs and outputs are in your tx.
SEREGA1980
Newbie
*
Offline Offline

Activity: 1


View Profile
February 10, 2014, 09:22:48 AM
 #8

if it doesn't matter if it arrives a few days later you can also pay no fee at all
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!