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- How is transaction fee calculated? 1 answer
The fee displays "Target: Within 10 blocks, Current rate: 2.5 sat/byte" when I use electrum wallet to send BitCoin to other people.
I can't understand completely the means of "Target: Within 10 blocks, Current rate: 2.5 sat/byte" ?
How much should I spend if I send one BitCoin to other people ? Thanks!
I hope you give me the details about how to calculate the fee!
To Abdussamad: Thanks!
1: The sat is 0.00000001 BTC , right?
2: I send one BTC to other people, how can I know the byte? If I know the byte, I can calculate the fee= byte * 2.5* 0.00000001 BTC