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Author Topic: Does anyone know how to define a custom fee (BATCH transactions)  (Read 132 times)
cryptoworld99 (OP)
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July 23, 2021, 10:39:02 PM
 #1

Hi,


I would like to batch bitcoin transactions, does anyone know how to define a custom fee using the sendmany RPC function.

Thank you in advance!

BitMaxz
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July 23, 2021, 11:16:29 PM
 #2

I don't see any parameter to add custom fees using RPC sendmany from here https://chainquery.com/bitcoin-cli/sendmany

However, you can change your fee by using the command below you can edit the 0.0001 to any fee you want.

Sample
Code:
settxfee 0.0001
Source of idea: https://bitcointalk.org/index.php?topic=1006929.0

Use that command first before you make a batch transactions.

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TryNinja
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July 23, 2021, 11:45:22 PM
Merited by pooya87 (2), BitMaxz (1), ABCbits (1), khaled0111 (1), NotATether (1), cryptoworld99 (1)
 #3

Have you tried this?

https://developer.bitcoin.org/reference/rpc/sendmany.html#argument-9-fee-rate

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khaled0111
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July 23, 2021, 11:59:43 PM
Last edit: July 25, 2021, 10:10:03 PM by khaled0111
 #4

If you are using version 0.21.0 or higher you can use the fee_rate argument (as suggested by TryNinja) and set the fee_rate in sat/vByte.
This feature was introduced in V 0.21.0. If you are using an older version, core will calculate the feerate depending on the number of blocks you're willing to wait before your transaction confirms (conf_target) and the priority (estimate_mode).

cryptoworld99 (OP)
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July 24, 2021, 02:55:10 PM
 #5


Thank you!
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