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Does bitcoin have transaction fees when sending money from on wallet to another ? How much % is the fee ?

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Yes, Bitcoin transactions have transaction fee. It is not proportional to amount of Bitcoins sent, but it is proportional to the size of transaction and it is measured in satoshi/byte. (10^8 Satoshi is 1 Bitcoin)

The fees changes from time to time because of market conditions. You can find a good idea of what fees to pay on this site https://bitcoinfees.21.co/.

  • 1 or 2$ fees is a bit misleading. In the community we speak about fees in Satoshi per byte. When mempool is down (as currently), you can create transactions with 10Satoshi/byte. See current status also here: bitcoinfees.21.co, which tells you how much Satoshi/Byte you need, to get your transaction through the next block(s). – pebwindkraft Jul 4 '17 at 6:36
  • Nice link. I will removed the 1-2$ reference with the link. I specifically mentioned market conditions to highlight that tx fee changes. – sanket1729 Jul 4 '17 at 6:43

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