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Is it possible to make a transaction with no transaction fee? Is it possible to pay more fee to prioritize your transaction?

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Is it possible to make a transaction with no transaction fee?

As Raghav Sood noted in a comment, transactions with no transaction fee are not transmitted by standard Bitcoin nodes - so your zero-fee transaction normally won't reach a miner. In theory you could make some special arrangement with a miner but it's hard to see why they would want to do that.

Is it possible to pay more fee to prioritize your transaction?

Choosing a higher initial fee tends to result in quicker confirmation. If your wallet supports Replace By Fee (RBF) you can use that subsequently to improve the likelihood of a quicker confirmation.

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  • Standard nodes will not broadcast 0 fee transactions, so you likely won't be able to reach a miner at all, unless you have some special path to them – Raghav Sood Oct 30 '19 at 10:21
  • @Raghav - thanks, I'd forgotten that. – RedGrittyBrick Oct 30 '19 at 10:59
  • How do you choose a higher fee incase of a paper wallet? – Zheer Oct 30 '19 at 13:54

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