Questions tagged [transaction-fees]

This tag should be used for questions related to paying transaction fees in the Bitcoin network.

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I used edge wallet to send my bitcoin from my wallet to my cash app but i used a low fee soo its been unconfirmed for 10 days what can i do? [duplicate]

My transaction 5c8552a6744b3428d3ec4b5c0dd8b378ffeb4efd703b76a2b9d106250234d766 Has been unconfirmed for 10 days is there anything I can do to get it confirmed or do I just have to wait?
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33 views

Unconfirmed transaction: the status is “0 / unacknowledged, not in memory pool ”

I started a transaction with bitcoin-0.21.0-win64, a Windows client. It may be that the fee is set too low, which leads to the unsuccessful transaction. What should I do in the future? What do I need ...
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Why does Electrum include seemingly unnecessary inputs in a transaction?

I want to make a payment of x BTC. My Electrum wallet shows two "output points" in the Coins tab (with the same address). Both of these show an amount much larger than x BTC. If go to the ...
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23 views

What Means the Final Option in Bump Fee / Increase Fee Electrum Wallet Option

Hello I want to know what will happen if i put my transaction as Final can saves fee or no?
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BTC send transaction “stuck”

It seems I have a stuck "send" transaction. I transferred the entirety of my BitCoin Core wallet to Newton. (purely so I could offload the blockchain off my PC) I am sure the fee was too ...
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1answer
80 views

bitcoin payment has big fees

I am using the bitcoin-rpc and everytime i create an invoice from a PHP script, i create a new address. All is ok, i get the money after, i have a script that checks number of confirmations, then when ...
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32 views

How to 'buy the dip' without constantly incurring network fees?

I'm a newby to the crypto world and one thing that I have seen a lot of is people saying to 'buy the dip!'. Fair enough, I like that idea. However, I have limited funds, and so thought that the best ...
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1answer
102 views

bitcoin-core automatic coin selection

for business reason i need to use the bitcoin-core (v0.20.1) automatic coin selection feature and few days ago i saw a transaction come out that left me puzzled, it was like that: input 0.00017[...]...
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320 views

Plot of distribution of all bitcoin transaction fees paid?

Is there a way to find and plot every transaction fee ever paid on the blockchain/bitcoin? Background I have read about transaction fees: Though the average Bitcoin transaction may be around $25, for ...
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Not sure where some of my transaction went

I just made a transaction of 61.80 Euros, but it charged me 88.01, And I'm not sure why. Some background: I'm using a service called HodlHodl to turn my mined bitcoin into money. I use Electrum as my ...
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Generating zero-amount transactions in regtest mode?

I'm setting up a larger test network of regtest nodes in which all of them should be easily capable of creating blocks and sending transactions. To this end, I'm looking for a simple way for the nodes ...
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33 views

Calculating fee based on fee rate for bitcoin transaction

I'm writing an algorithm for calculating fee based on fee rate and amount to be sent (requested amount) in order to propose the fee to user; Sorting UTXOs ascending based on value Take enough UTXOs ...
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How to split fee between more than one miners?

I found that some BTC blocks have more than one miners, for instance: https://www.blockchain.com/btc/block/000000000000000049a0914d83df36982c77ac1f65ade6a52bdced2ce312aba9 there are two miners: ['...
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1answer
37 views

Where can I find statistics on average feerates at different times of day and days of the week?

I know there are websites that show the price needed to get a tx into a block if made now, but is there any website that show the average price per byte for a tx at different times of the week and day?...
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60 views

bitcoin payment high fees

I am using bitcoin-rpc and everytime i create an invoice for the client to pay, i create a new address. Payment is ok, i get the money after a cron.php sees that all confirmations are above 3, but ...
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1answer
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Do miners have an incentive to confirm various transactions from same address?

Mempool is really clogged those days. I tried to make a transaction from one of my address to a friend. As we didn't care about confirmation time, I put a 5 sats/bit fee. 2 weeks later, transaction ...
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Unconfirmed Transaction is stuck from last three days [duplicate]

https://blockstream.info/tx/8504d29348a9bb33e0b4c73538f5dd04464bfe11d45445e55e1524102a656d23 This transaction is stuck from last three days. Need help pls
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UTXO Model and Trans Fee / Kb Clarification

I have been working on understanding the inputs/outputs and transaction details as according to the UTXO model which is discussed in this question and also thinking about how it relates to transaction ...
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Confused about input and output spending limitations and consolidation

I am sure the answer to this is trivial to someone who already knows the answer, but not to me. I recently wanted to spend some received bitcoin for the first time and discovered that the associated ...
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1answer
59 views

How is Liquid monetized?

I was reading about how Liquid works. Do Liquid transaction fees work the same way BTC fees do (per transaction)? Is there only Blockstream as a miner or are there other enterprises who collect the ...
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1answer
30 views

Why does my withdrawal fee not match the transaction fee I'm seeing on a block explorer website?

Sent ~$7 worth of BTC from a Coinbase wallet, to a cold wallet. Coinbase charged a ~$2 "network fee". Make sense so far, but the transaction listed on blockchain.com shows a magnitudes ...
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Why does Blockstream.info say “SegWit fee savings: This transaction saved XX% on fees by upgrading to native SegWit-Bech32”? [duplicate]

Why does Blockstream.info have a section, when viewing a transaction such as this one, that says: SegWit fee savings: This transaction saved 22% on fees by upgrading to native SegWit-Bech32 ?
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Unconfirmed transaction and expired address help

I have one unconfirmed transaction and now the expired address. I cannot abandon the transition because the writing is gray, +24h hours have passed (the arrival was expected in 8 hours...) and no ...
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103 views

What is the estimated USD fee price in BTC when Bitcoin is worth 1 million dollars in the future?

Currently, fees in Bitcoin are quite high ($1-$30) to move anything under $50 USD. If Bitcoin is worth 1 million dollars one day, how much would an on-chain fee be? Assuming blocks are going to be ...
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What are the benifits of using Compressed Bitcoin Addresses rather than Uncompressed addresses if same length?

They are both in base58, both 34 characters long, so where exactly is the space saved? When converted to binary is there one less bit on the compressed key as opposed to the uncompressed one? (This is ...
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Why doesn't Bitcoin-Core support Lightning Network? [closed]

I first learned about Bitcoin in 2009. Ever since, I've (very) slowly pieced together information, while shaking off 99% disinformation, about how Bitcoin works. I run a Bitcoin Core fullnode and have ...
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23 views

Why has there not been any confirmation for an entire hour? What do you recommend that I do to speed them up for myself and others? [duplicate]

I made a transaction an entire hour ago. Still in the damn "memory pool". I've had extremely varied experiences over the years with transaction speed, but I'm really starting to feel as if ...
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155 views

Basic overview of fees

Can someone explain fees in layman’s terms I thought I would throw a few dollars into bitcoins more for a laugh than anything - but the fees are confusing me. I googled best wallet for newbies & ...
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37 views

On a practical level, how exactly is the amount of a Bitcoin transaction fee determined?

Yes, I know that you can actually set the transaction fee to anything you want, but I'm of course talking about a transaction which will actually be "processed" in a reasonable timeframe, &...
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47 views

Is it actually possible to pay ONE fee but make many transactions? [duplicate]

I heard that apparently, exchanges and similar "load up" and then "batch-send" many Bitcoin transactions at once, with just one fee, instead of sending each one with a separate fee....
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57 views

Why should I care about my transactions ever reaching the blockchain if I can spend them while unconfirmed?

From what I understand, I can use unconfirmed transactions because they are essentially already confirmed, they just need to reach the blockchain. This can create a chain of unconfirmed transactions, ...
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62 views

How will a common guy use Lightning Network when BTC hits 10 mln$?

If BTC hits 10mln$ and transactions fees will be horrendous denominated in $, how a "common guy" will be able to opt in using Bitcoin, if even opening LN channel will be too expensive then ...
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How to set a specific fee in satoshis per transaction?

I'm currently working on a personal project which is a small bitcoin exchange website, I've figured out how to create a raw transaction and broadcast it (createrawtransaction -> fundrawtransaction -...
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Am i been scam or should i pay? [duplicate]

I was contacted on social media. He was going to mine 200 btc for me and I get a profit of $4870. He told me to create a black chain account but we never use it. Instead when I bought the btc he send ...
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1answer
132 views

Transaction with a high fee keeps getting skipped… Reason why?

I was sent a transaction that has been unconfirmed for 3 days now - but the feerate is relatively high (53.8 sat/vB). Blocks have been confirming transactions with lower feerates for days, but for ...
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726 views

Moving BTC to cold wallet over Binance

The BTC withdrawal fee in Binance (and pretty much every other exchange) is 0.0005 BTC - very high. However, if you do the withdrawal over their Binance network then the fee is only 0.0000014 BTC (a ...
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33 views

Transferring funds from a cold wallet to a hot wallet - on chain or off chain?

I've seen two techniques when it comes to transferring funds from a cold wallet to a hot wallet. In one technique the cold wallet signs a transaction (offline of course) and transfers funds to the ...
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59 views

Reasons Behind Finding an IP addresses of Miners [duplicate]

I am wondering if Finding IP addresses of each miner, can help the transactions to be processed by them without waiting time in mempool or not? I do not understand clearly why people are looking for ...
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1answer
47 views

Fees for Multisig Addreses Twice as High as Standard Address?

Based on my research the cost to transfer funds from a 2/3 MultiSig address to any other address (be it a standard or MultiSig address) is approx. 2 x the cost of transferring funds from a standard ...
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41 views

Can I be the transaction processor and take in transaction fees as income without mining a Bitcoin?

Can I be the transaction processor and take in transaction fees as income without mining a Bitcoin? Would the fees be so low that it is not practical? Or is it true that I have to be a miner in order ...
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272 views

How can transaction fees be explained in a simple way?

I am reading the book Mastering Bitcoins 2nd Edition by O'Reilly, and it says: Alice buys a coffee from Bob's Cafe for $1.50, or 0.015 Bitcoin So Alice pays 0.015 Bitcoin, and Bob gets 0.015 Bitcoin,...
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1answer
37 views

Could a miner set a maximium transaction fee rate?

Could a miner set a maximimum transaction fee rate? I mean validate only transactions between x and y satoshis/byte? I know is not clever. Is it possible?
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136 views

Comparing UTXO transactions with Accounts transactions

I have seen few websites that compare number of transactions and fees between Bitcoin and Ethereum. Examples: https://www.flippening.watch/ and https://cryptofees.info/ What does the high number of ...
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65 views

bitcoin feeless transactions

The mobile application cashapp specifically says I can send bitcoin to any address anywhere in the world for free. Coinbase also says they can do off the network transactions instantly and for free as ...
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1answer
33 views

Hidden fees in a transaction: How to anticipate one and avoid another?

On Bitcoin.org, the page on getting started has a button for "Buy Bitcoin". It links to page with a dialog box that appears to be an interface to the service, MoonPay. MoonPay has a page, &...
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Pros & Cons of Using the “Satoshi” Method to Track User Deposits

In this question user @lungj suggests using "satoshi" as a marker for user deposits. Another method I’ve seen used on bitcoin is using satoshis as a marker. For example, when paying for a ...
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81 views

Keeping Track of User Deposits with Bitcoin

I found the following statements about Bitcoin on the Ethereum SE: When using Bitcoin one can generate new address per user of service and save pair (address -> userId), so it is always obvious ...
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Single API to Get Fee Estimates for All Major Cryptocurrencies? [closed]

Many sites provide estimates of miner/gas fees for individual cryptocurrencies. For example, EtherScan provides gas estimates for ETH. BTC Network provides fee estimates for Bitcoin. Both of these ...
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77 views

Best way to store fund on the lightning network

Suppose that someone want to store 0.1 bitcoin on the lightning network for a period of 1 year to use services such as buying and selling things but doesnt know which one and with who yet. What would ...
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31 views

Broadcasting a transaction as a 3rd party

In a scenario I have a signed transaction from A to B and ready to broadcast. As C, I want to broadcast it but the part I am having hard time to understand is as the transaction is already signed and ...

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