How do if the Bitcoin Sending Fee will be super high or super low?

[Thomas29]

Do I find out the hard way after I make my purchase with the educated guess that Bitcoin pricing is stable long enough that from my understanding the more popular Bitcoin is worth and the more money each Bitcoin is worth among other factors is what influences the Bitcoin Fee is there an app of some sort I can use on my Cell Phone to let me know the current Blockchain Wallet Sending Fees will be as that is the Wallet I am using for simply Sending Bitcoin into and Sending out of. 


  Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?

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[Nadziratel]

Do I find out the hard way after I make my purchase with the educated guess that Bitcoin pricing is stable long enough that from my understanding the more popular Bitcoin is worth and the more money each Bitcoin is worth among other factors is what influences the Bitcoin Fee is there an app of some sort I can use on my Cell Phone to let me know the current Blockchain Wallet Sending Fees will be as that is the Wallet I am using for simply Sending Bitcoin into and Sending out of.  


  Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?

Actually, it's simple. It's all about supply-demand. As the transaction supply increases, transaction fee increases.

It's also about the number of miners in the system. As the number of miners increases, the ratio of the demand is increased and the fee falls.
You can still find a great&technical answer in mining section if you want. There are a lot of thread in there.

https://bitcointalk.org/index.php?board=14.0

[Herbert2020]

your whole topic is hard to understand, you should really try to improve your English or visit the local board and post in your own language instead.

is there an app of some sort I can use on my Cell Phone to let me know the current Blockchain Wallet Sending Fees

i don't know what you have in mind when you say "blockchain wallet" but if it is not about the blockchain.com wallet then the answer is that any wallet that is designed by a competent developer has a good fee estimation based on the memory pool. for example Electrum contacts Electrum nodes which run modified bitcoin-core and they will give it the appropriate fee and the user can set it to the recommended value depending on his needs.

It's also about the number of miners in the system. As the number of miners increases, the ratio of the demand is increased and the fee falls.

that is completely wrong. it has nothing to do with number of miners because with difficulty adjustments number of miners wouldn't matter anymore.

[Bitinity]

I need to read it few times in order to understand the main problem you wants to share. Are you getting problem in blockchain wallet especially about the fee? I'm using blockchain wallet in my android phone as well, but I have never experienced any issues. If your main problem is in deciding the fee you need to pay to send, blockchain gives you 3 options to choose and I usually use the priority fee so my transaction will be confirmed faster.

[alisafidel58]

From my understanding with all the things that you said. You are looking for a way to know how much is your sending fee comparing to fiat money is that right?

We are also frustrated with understanding your question.

E.g. If you want to make a purchase like $10 the amount of fee that you will be paying will be just cents if you convert to bitcoin. You could just put it in optimum fee don't make any changes into the fees as it will be confirmed by miners in less than an hour or so.

[cryptjh]

Do I find out the hard way after I make my purchase with the educated guess that Bitcoin pricing is stable long enough that from my understanding the more popular Bitcoin is worth and the more money each Bitcoin is worth among other factors is what influences the Bitcoin Fee is there an app of some sort I can use on my Cell Phone to let me know the current Blockchain Wallet Sending Fees will be as that is the Wallet I am using for simply Sending Bitcoin into and Sending out of. 


  Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?

I think this website is good to visit if you want to see the latest paid transactions fees
https://bitcoinfees.earn.com/

According to this website the "the median transaction size of 224 bytes, this results in a fee of 2,240 satoshis." for a median bitcoin transaction today, but that number can change each day.

Right now you can just use the lowest possible fees your wallet allows you to do, and your transactions will go through within in a few blocks, and not more than one hour.

Here you can see the numbers of unconfirmed transactions, waiting to be sent
https://www.blockchain.com/btc/unconfirmed-transactions

And here you can see how many real transactions that each block have

https://www.blockchain.com/charts/n-transactions-per-block

[muslol67]

If I don't get it wrong, the friend asks why the transaction fee is sometimes too low or too high. Of course, a situation related to miners, depending on the process of the transaction fees you can pay varying rates. We don't use much for Bitcoin, but I think you used MEW or MetaMask for Ethereum transaction. If you pay attention again, at the very last stage, Metamask will ask you to pay the GAS fee. If you select the highest number, you will have the opportunity to perform the fastest transaction. If you choose a low rate, your transaction will be queued. Sometimes processing fees increase according to the density during this process. Sometimes it decreases. I think it is about the algorythm. It changes automatically.

[jseverson]

I barely understand what you're saying, but the gist of it is that you want to know which fees are appropriate without having to test yourself, right? You can use this website:

https://coinb.in/#fees

I find that this one is better than other common fee estimators, as a lot of those often inflate the minimum fee recommended.

As a sidenote, it's higher than usual at the moment (but still low in the grand scheme of things) so you should wait if possible.

[Zadicar]

From what i understand of OP i think he wants to know the real-time value of transaction fee. But as far as i know, every transaction depends on every miner operating and the price of bitcoin though there are some choices in the blockchain if you want to send some bitcoin to someone. Choose the low-priority and your transaction will be queued until all of the blocks confirmed or you can choose the high-priority if you want to send your transaction faster but expect that the transaction fee will become higher if you choose the high-priority.

[gantez]

Choose the low-priority and your transaction will be queued until all of the blocks confirmed or you can choose the high-priority if you want to send your transaction faster but expect that the transaction fee will become higher if you choose the high-priority.

The idea you have is almost what I think Op is asking. Yes I think the transaction fees varies, from the miners and how fast you want the blocks to be confirmed. I know that segwit bitcoin wallet gives option for a faster transaction but with additional charge.

[LeGaulois]

Nah,@OP is looking to know how he can know in advance what will be the fees if he needs to make a transaction from his/her Blockchain. com wallet.
He wants to know what influence the BTC fees and if there is an application that let you know the current fees needed in real time. That's it

@OP
You can use the link posted by @jseverson and @cryptjh but I suppose you wallet provider suggests the fee when you finalize a transaction.

[o_e_l_e_o]

The links posted above given two very different fees for different situations.

https://bitcoinfees.earn.com/ gives the minimum fee to try to confirm in the next block with a >90% chance. In real terms, this means your transaction is likely to confirm within 10 minutes (on average). If you need a transaction to confirm this quickly, then choose that fee. At time of posting, that fee is 18 sats/byte.

https://coinb.in/#fees gives a fee for your transaction to be included "within the next few blocks". This can sometimes mean waiting a couple of hours or more, but works out much cheaper. At time of posting, their recommended fee is 2 sats/byte, or only 10% of the previous fee. If you are not in a hurry, you can safely choose this fee and just be patient.

Another useful site is this one https://jochen-hoenicke.de/queue/#1,8h which will give you a visual representation of how full the mempool is, and may help you to choose a fee somewhere between the two suggested fees given above.

[Beerwizzard]

The links posted above given two very different fees for different situations.

https://bitcoinfees.earn.com/ gives the minimum fee to try to confirm in the next block with a >90% chance. In real terms, this means your transaction is likely to confirm within 10 minutes (on average). If you need a transaction to confirm this quickly, then choose that fee. At time of posting, that fee is 18 sats/byte.

https://coinb.in/#fees gives a fee for your transaction to be included "within the next few blocks". This can sometimes mean waiting a couple of hours or more, but works out much cheaper. At time of posting, their recommended fee is 2 sats/byte, or only 10% of the previous fee. If you are not in a hurry, you can safely choose this fee and just be patient.

Another useful site is this one https://jochen-hoenicke.de/queue/#1,8h which will give you a visual representation of how full the mempool is, and may help you to choose a fee somewhere between the two suggested fees given above.

Thanks for sharing. That's pretty useful.
I usually just use the suggested fee of my Electrum wallet but I've noticed that they may automatically offer 1-2sat fee for a transaction and it might be difficult to set a proper fee by yourself and not overpay.

[talkbitcoin]

https://bitcoinfees.earn.com/ gives the minimum fee to try to confirm in the next block with a >90% chance. In real terms, this means your transaction is likely to confirm within 10 minutes (on average). If you need a transaction to confirm this quickly, then choose that fee. At time of posting, that fee is 18 sats/byte.

i believe that this website is mainly designed to be useful newbie and not that much for anybody else because they always intentionally give you a higher fee because (again i am assuming) they want the transactions with that fee to be confirmed with 100% chance. so for example if it tells you 18 s/b that means you can get away with 5 s/b too.

[lyks15]

As simple as other business if you will have an big operating cost or super high sending fee you will have an small income like in trucking business you will compare the sending fee in the gasoline that you will charge to your truck. But in case of super low fees I think this is not good too because when it's happened do you think the price of bitcoin in high? No!obviously the price of bitcoin is super low too.

[r1a2y3m4]

Do I find out the hard way after I make my purchase with the educated guess that Bitcoin pricing is stable long enough that from my understanding the more popular Bitcoin is worth and the more money each Bitcoin is worth among other factors is what influences the Bitcoin Fee is there an app of some sort I can use on my Cell Phone to let me know the current Blockchain Wallet Sending Fees will be as that is the Wallet I am using for simply Sending Bitcoin into and Sending out of. 


  Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?

I really can't understand the thought of your post. But for what I understand, I think that you're asking what will happen to the fee if the price of btc go up? I observed that the fee is just getting bigger if bitcoin goes up. So, if bitcoin goes down, the fee will also go down.

Nah,@OP is looking to know how he can know in advance what will be the fees if he needs to make a transaction from his/her Blockchain. com wallet.
He wants to know what influence the BTC fees and if there is an application that let you know the current fees needed in real time. That's it

If that's what he's asking, then the answer to that is it depends on the platform. In the wallet I use, the lowest transaction fee is .000018 I think but it is so slow it could take up to 3 hrs. And for hitbtc the price of fee is .001 or so. In bittrex that's the fee also. It depends on the platform.

[dothebeats]

There are already mobile applications in which one would be able to create and complete a transaction with the optimum fee at a given time or choose to manually input the fees themselves in order to not get affected much by a sudden spike in fees. I believe Bitcoin wallet by Andreas Schildbach does this, together with the Mycellium bitcoin wallet. Right now, I've seen some scenarios in which the optimum fee to get your transaction confirmed within the next block dropped down to ~2-5 sat/byte, which is already a pretty low fee if you'd ask me. Though there are some instances like this that happens within the day, still always check the fees on multiple websites given above in order to not overpay or underpay for the fees and get your confirms ASAP.

[ethereumhunter]

Like other people, you need to make a simple question, so we know what your means is.

Ok, here is my opinion.

Let say you install Mycelium, and you have a balance, for example, $100 in bitcoin. Then you want to send $25 in bitcoin, but you don't know how much the fee.

You can look at the image below:


You can use the scan QR code to add the wallet address or use the other option, add the amount of bitcoin. Then in the lower in Miner Fee, you will see how much fee you should pay. You can slight to the right to see how much the difference of the fee. If you don't want to wait too long, then you can use Priority ~ 10 minutes to get arrive. But usually, it won't take too long, and sometimes it's only less than 1 minutes to get confirmed in the network.

I hope that is what you want to know.

[o_e_l_e_o]

i believe that this website is mainly designed to be useful newbie and not that much for anybody else because they always intentionally give you a higher fee because (again i am assuming) they want the transactions with that fee to be confirmed with 100% chance. so for example if it tells you 18 s/b that means you can get away with 5 s/b too.

I appreciate what you are saying, but the way you've worded it could be a bit misleading to a newbie.

Putting in a higher fee will get your transaction confirmed faster (usually), but that doesn't mean that lower fees have a less than 100% chance to be confirmed.* Using the lower fee as suggested by https://www.coinb.in/#fees will still get your transaction confirmed, it's that it might take longer than it would with a higher fee.


*Outside of the crazy situation we saw at the height of the bull run when anything below 30 sats/byte wasn't being touched.

[hxtop]

For the benefit of every stakeholder, bitcoin holders and traders may accept a considerable amount of transaction rate. Using and enjoying a service without paying means nothing for the future of bitcoin, but also an over-priced transaction fees can make people keep away from investing and trading.