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lupinjhon (OP)
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October 30, 2018, 12:01:33 PM
 #1

is there any transaction fee are provided in deposite ,withdraw or any administration charges will applies for every transaction ??
is it the transaction fee dependiing on wallets Huh
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October 30, 2018, 12:15:09 PM
 #2

for bitcoin you could check here: https://bitcoinfees.info/
you could pay 0.0001$ in fees but then it'd never get added to a block.
if you need it done quick 100% you can pay above current fee.

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October 30, 2018, 12:29:00 PM
 #3

is there any transaction fee are provided in deposite ,withdraw or any administration charges will applies for every transaction ??
is it the transaction fee dependiing on wallets Huh
there is a fee on every transaction that is being sent to the blockchain = on every transaction
you can check here https://bitcoinfees.earn.com to see the ideal fee for quick confirmations

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lupinjhon (OP)
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October 30, 2018, 12:42:30 PM
 #4

is there any transaction fee are provided in deposite ,withdraw or any administration charges will applies for every transaction ??
is it the transaction fee dependiing on wallets Huh
there is a fee on every transaction that is being sent to the blockchain = on every transaction
you can check here https://bitcoinfees.earn.com to see the ideal fee for quick confirmations

Only the withdrawal or deposit of the business applies only ... Are these both applicable by a fee?
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October 30, 2018, 12:44:59 PM
 #5

for bitcoin you could check here: https://bitcoinfees.info/
you could pay 0.0001$ in fees but then it'd never get added to a block.
if you need it done quick 100% you can pay above current fee.


should i pay the transaction fee for every block ..??
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October 30, 2018, 01:03:04 PM
 #6

should i pay the transaction fee for every block ..??

you pay fee for transactions you create and the amount of fee you pay depends firstly on the size of that transaction in bytes not the amount. it has nothing to do with "every block".

as for deposit fee, it is not related to bitcoin and the network fee. maybe some services charge you a fee for when you make a deposit in their website but that is up to them.

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October 30, 2018, 01:10:44 PM
 #7

for bitcoin you could check here: https://bitcoinfees.info/
you could pay 0.0001$ in fees but then it'd never get added to a block.
if you need it done quick 100% you can pay above current fee.


should i pay the transaction fee for every block ..??

you pay once for your transaction, the higher you pay = the likelier someone will take your transaction and process it,
if you pay below average then it will take a very long time,
if you pay above, then someone will prioritize your transaction since they earn more on it!

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October 30, 2018, 01:24:42 PM
 #8

is there any transaction fee are provided in deposite ,withdraw or any administration charges will applies for every transaction ??
is it the transaction fee dependiing on wallets Huh

The recommended transaction fee (per bytes) depends on how busy the network is in the moment you send the transaction.
The total fee depends on how big your transaction is, which usually means that if your money consists in a lot of small deposits you'll pay more for the transaction. It's not related on the amount transferred.

You can use lower than the recommended fee (per byte), but your transaction may take longer to be processed.
You can use high fee (per byte) and your transaction probably will be processed in the next block.

And yes, it depends on the wallets too. And also on the settings in the same wallet. Some wallets have fixed fee (old wallets, some web wallets), some wallets estimate better or worse the fee you need for the transaction, some wallet settings are better, some not depending on how busy the network is at a certain time.

It sounds complicated, but if you use a wallet like Electrum (in preferences make sure you have checked Edit Fees Manually and Use Replace-By-Fee) you can look at a website like https://btc.com/stats/unconfirmed-tx maybe add a few extra satoshi to their recommended fee/byte and you are good. (And if you've got it wrong, you can use replace-by-fee, although in 99% of the cases you won't need that).

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lupinjhon (OP)
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October 30, 2018, 01:26:08 PM
 #9

Is the business charge based on wallets?
should I pay different type of  amount of transaction fee in  different wallets ?
lupinjhon (OP)
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October 30, 2018, 01:34:19 PM
 #10

is there any transaction fee are provided in deposite ,withdraw or any administration charges will applies for every transaction ??
is it the transaction fee dependiing on wallets Huh

The recommended transaction fee (per bytes) depends on how busy the network is in the moment you send the transaction.
The total fee depends on how big your transaction is, which usually means that if your money consists in a lot of small deposits you'll pay more for the transaction. It's not related on the amount transferred.

You can use lower than the recommended fee (per byte), but your transaction may take longer to be processed.
You can use high fee (per byte) and your transaction probably will be processed in the next block.

And yes, it depends on the wallets too. And also on the settings in the same wallet. Some wallets have fixed fee (old wallets, some web wallets), some wallets estimate better or worse the fee you need for the transaction, some wallet settings are better, some not depending on how busy the network is at a certain time.

It sounds complicated, but if you use a wallet like Electrum (in preferences make sure you have checked Edit Fees Manually and Use Replace-By-Fee) you can look at a website like https://btc.com/stats/unconfirmed-tx maybe add a few extra satoshi to their recommended fee/byte and you are good. (And if you've got it wrong, you can use replace-by-fee, although in 99% of the cases you won't need that).


it may cause on transaction processing ? and the network also a part of it Huh?
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October 30, 2018, 01:53:23 PM
 #11

it may cause on transaction processing ? and the network also a part of it Huh?

Sorry, I don't understand what you mean.
You can use the easy way I explained with Electrum or you can search and read how the internals work. You may also consider asking on your local board.

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October 30, 2018, 01:56:21 PM
 #12

Administration? the forum administration? the forum doesn't have anything to do with transaction fees, its the bitcoin network itself that provides on how much you are going to pay with your transactions.
Is the business charge based on wallets?
Withdrawal fees? that depends on the exchange or web wallet that you use, they varies.
should I pay different type of  amount of transaction fee in  different wallets ?
If your transaction is only one, you only need to pay the amount they are recommending and yes they have their own rates for the fee.

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October 30, 2018, 02:02:03 PM
 #13

Is the business charge based on wallets?
should I pay different type of  amount of transaction fee in  different wallets ?

no because you are making a transaction on bitcoin network not on that business website! so your fee is determined based on bitcoin network and wallets are all designed in a way to estimate what is the most appropriate amount of fee that you should pay.

IMPORTANT: don't confuse "accounts" such as Coinbase account, or your account on exchanges with a bitcoin wallet. they are NOT wallets so they charge a different type of fee based on their business model.

There is a FOMO brewing...
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October 30, 2018, 02:02:57 PM
 #14

is there any transaction fee are provided in deposite ,withdraw or any administration charges will applies for every transaction ??
is it the transaction fee dependiing on wallets Huh

The transaction fees depend on the weight of the transaction. If you only have 1 input and 1 output the fees will be the smallest one, but if you have lot of inputs and outputs, then the fees will be bigger.

Lets imagine you want to pay $100, if you use only one bill, then the fees will be small, if you pay it with 4 $20 bills and lots of coins, then the fees will be bigger. To know how many fees you should use, there is https://bitcoinfees.earn.com/ Hope that helps.

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October 30, 2018, 02:05:47 PM
Last edit: October 30, 2018, 02:24:31 PM by ralle14
 #15

Sending Bitcoin to an address requires a transaction fee. The recommended fee moves up and down depending on how busy the network is.

If you're curious why the network becomes busy is because the miners can't include all transactions due to the limited blocksize which causes the amount of unconfirmed transactions to increase. When unconfirmed transactions stack up due to lack of blocks the future senders will increase their transaction fee so they can be confirmed quicker and that causes the recommended fee to rise up.

From my experience Bitcoin wallets from exchanges are the only wallets that charge a fixed fee cmiiw.

Transaction size can also be a factor in an increased transaction fee which is already explained by seoincorporation.

it may cause on transaction processing ? and the network also a part of it Huh?
Putting in more fees will speed up the process of your transaction (confirmation time) but it's not guaranteed to be included in the next block. If you want to save transaction fees I recommend using a segwit address.

The network is a part of it because there are days where the network is not busy and if the network is not busy it means there's less unconfirmed transactions.

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TWO DICE
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ETHEROLL
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chris.ladd
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October 30, 2018, 03:55:47 PM
Last edit: October 30, 2018, 04:14:14 PM by chris.ladd
 #16

if we paid MORE transaction fee for a high secured wallet and for a good network !!, then is there any chances for the unconfirmed transactions ??
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October 30, 2018, 04:53:04 PM
 #17

if we paid MORE transaction fee for a high secured wallet and for a good network !!, then is there any chances for the unconfirmed transactions ??
The chances of not having a confirmation are already super low (the mempool is quite empty). If you pay more, the chances will be probably nill (while you will get a confirmation in the next 1-2 blocks).

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chris.ladd
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October 31, 2018, 05:36:56 AM
 #18

if we paid MORE transaction fee for a high secured wallet and for a good network !!, then is there any chances for the unconfirmed transactions ??
The chances of not having a confirmation are already super low (the mempool is quite empty). If you pay more, the chances will be probably nill (while you will get a confirmation in the next 1-2 blocks).

can I get confirmation at a time or ,, always  get the confirmation in next  1-2 blocks ...
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October 31, 2018, 06:46:09 AM
 #19

Transaction fees are a fee that spenders may include in any Bitcoin transaction. The fee may be collected by the miner who includes the transaction in a block.
darshan331
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October 31, 2018, 07:03:56 AM
 #20

Transaction fee is depend on coins, different coins have different fees, because of their security, prices and network. some coins have zero fees for transaction, withdraw and deposit.
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