Questions tagged [transaction-fees]

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

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20 views

Might hierarchical deterministic wallets increase the fees you pay for a transaction as a trade-off for privacy gains?

This is my first post here, so be kind :-|. My understanding of deterministic wallets is that they use an initial seed to create a master key from which you derive multiple receive addresses thus ...
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1answer
60 views

Different term for 'fee rate'

Lot of users are confused between fee rate and fee. Sometimes even developers make mistakes or use 'fee' for everything to avoid confusion which can be considered misleading. Was there ever a ...
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Does Bitcoin have incentives for relaying transactions?

Let's suppose that I can only reach one anonymous node in order to communicate my transaction to the rest of the network. The reason could be related to some global catastrophe resulting in ...
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54 views

How much cheaper will Bitcoin transaction fees be when Taproot is implemented in November of 2021?

With the upcoming taproot upgrade to the network. How much cheaper will fees for sending a transaction? If not, are there other improvement proposals to reduce fees?
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2answers
65 views

Information available to bitcoin miners in processing transactions

I'm very new to Bitcoin, and in my learning process I came across this site: https://mempool.observer/ which shows the varying amounts of unconfirmed transactions waiting to be mined. I'm learning ...
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50 views

How can I calculate the correct fees for a blockchain transaction?

How can I calculate the correct fees for a blockchain transaction? I use https://bitcoinfees.earn.com/api/v1/fees/recommended. I got hourfee - 88. How can i calculate bytes of transaction?
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62 views

Socialist fee schemes

If in low inflation future network assured contracts become common and in case they rose to a status of most important source of network computing power, wouldn't then make sense to soft fork ...
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1answer
62 views

How do exchanges offer free deposits?

Since each transaction creates an unspent output. You'd need to pay a transaction fee to move those funds each time. They charge withdrawal fees however these are static and not dynamic. I understand ...
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I invest 5000 PHp in bitcoin and to ask me i need to pay the transfer fee [duplicate]

List item I invest 5000Php in bitcoin but after the mining my invest he ask i need to pay a transfer fee .is it normal to pay that because im from Philippine
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38 views

Do you pay a transaction fee per spent output or per total transaction?

I'm wondering how transaction fees work. Do you pay based on the entire transaction or per output basis? i.e. imagine the base fee is 10000 satoshis. You're trying to send money to X address. You are ...
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1answer
65 views

After mining rewards go down to 0, can someone clog the Bitcoin network by creating millions of transactions with no fees?

After mining rewards go down to 0, it is possible miners will not pick up transactions with 0 fees. In that case, could someone create millions of transactions with no fees, to congest the mempool and ...
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58 views

Can you program a transaction to automatically run once fees are low?

Can i program a bitcoin transaction to run when the network is not as busy or when fees are low? If you are not in a rush to complete trx.
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1answer
518 views

Would reusing addresses result in a lower fee?

Let's say you withdraw 100 times from an exchange using a different address each time for a total sum of 1 BTC. Now you want to move this entire BTC to a new address. This would result in a ...
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2answers
702 views

Why are segwit transactions cheaper than legacy transactions?

What's the reason to make fees for segwit addresses lower, while keeping legacy addresses with higher fees? -- I'm interested in both, why segwit transactions are cheaper than legacy addresses, and ...
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3answers
88 views

Do I have a chance to commit a transaction without any network fee?

I know how transaction fees are calculated. Also I understand that a transaction with a higher fee will be approved much faster than a transaction with the lowest one. Does the bitcoin protocol allow ...
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1answer
54 views

GetMinFee() in blockchain.cpp

"mempoolminfee" : n, (numeric) Minimum fee rate in BTC/kB for tx to be accepted. Is the maximum of minrelaytxfee and minimum mempool fee "minrelaytxfee" : n, (numeric)...
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42 views

Select a fee based on confirmation time. How to implement it?

I'm developing a client on nodejs which connect to a bitcoin core node through JSON-RPC. I want the user to be able to select the fee they want based on the time (the same way bitcoin core GUI does it)...
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Bitcoin transaction charges [duplicate]

I have a broker with a questionable reputation who is trying to send me a couple of BTC, but maintains there is a transaction charge of c$25k for this to go ahead. I don't believe him and think this ...
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15 views

submit unconfirmed transaction use submitblock and collect fees [duplicate]

for make unconfirmed transaction at blockchain more faster confirmed, i myself using bitcoin core full node, how about if use submitblock command for make transaction quickly confirmed? also from ...
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25 views

Unconfirmed transaction in memory pool [duplicate]

In February 2021, I sent some bitcoin from bitcoin core account. I choose a low transaction fee. The transaction is down as 'unconfirmed, memory pool'. The bitcoin has not appeared at the receiving ...
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1answer
40 views

What fee is the starting point of the closing fee negotiation?

When I issue the command lightning-cli listpeers $peerid i get a feerate perkb of 1012 atm. What feerate is this exactly? Is this the feerate which will be proposed by the other peer for a mutual ...
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1answer
49 views

Avoiding fees collecting BTC deposits from different addresses

We're looking into making website for trading Bitcoin. Users get individual bitcoin addresses to deposit BTC. How do we avoid paying transaction fees for every of these deposit transactions that we'll ...
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1answer
62 views

Which projects and services are responsible for most of the Bitcoin transactions?

Which projects and services are responsible for most of the Bitcoin transactions? Project Transactions % ABC 50 XYZ 20 I am interested to know which projects really contribute in paying more fees ...
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2answers
94 views

Transaction Fee in Confidential Transactions

Is there any transaction fee for Confidential Transactions in the Liquid Network? In the UTXO model, Alice has 10 btc. She sends 1 btc to Bob, 8.999 btc as return change, and 0.001 as fee. Input : 10 ...
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60 views

Where is there a graph of total miner revenue (BTC) per unit time (e.g. day)?

Basically I'm looking for this graph, but denominated in BTC https://www.blockchain.com/charts/miners-revenue or this graph plus the block reward https://www.blockchain.com/charts/transaction-fees I'...
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What is upgrade fee in trading?. Is it necessary to pay? [duplicate]

I trade in standard crypto trading.. initially I trade for $100.. After they asked me to pay $300.. And said then only I can receive my profit.. after they said trade completed.. and I received profit ...
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75 views

Idea for zero confirmations transactions using “proof of risk”

I was wondering if the following could be implemented on Bitcoin or other cryptos, or maybe in the future with additional opcodes. Suppose Alice wants to send small transactions to others, without the ...
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1answer
57 views

Can I transfer some BTC with 0 tx fee now, when the mempool is empty?

I wanna send a tiny amount of BTC (0.001BTC). I am not in a hurry and I noticed the mempool is sometimes empty these days because the market is cold. So can I set the network fee to 1sat/byte or even ...
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3answers
151 views

How will Salvadorans make Bitcoin payments?

Bitcoin has been declared legal tender in El Salvador. This means that shops and businesses will have to accept Bitcoin payments. Ignoring the price swings, how will that work in practice? Given the ...
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1answer
87 views

Why is the coinbase bitcoin withdrawal fee 10 times cheaper than my usual P2P Exodus transaction?

Do you know why the Coinbase bitcoin withdrawal fee is 10 times cheaper than my usual P2P Exodus transaction? Are they use the Lighting Network? How is it possible? For example, the Binance withdrawal ...
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1answer
164 views

Where are transaction fees specified?

I've recently looked up the exact format of a transaction and came up with this (source with explanation): However, this seems not to include transaction fees. Are they not part of the transaction? ...
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1answer
255 views

How do the fees for taproot transactions compare to P2WPKH?

How would the most basic taproot transactions (not involving scripts) compare to P2WPKH transactions in terms of vbytes or fees?
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23 views

Why is my transaction stuck? Buying over 650$ worth of btc [duplicate]

My transaction seems to be stuck im not sure why, made the payment around 7am and its now 6 in afternoon. https://blockstream.info/tx/9da37dc771e17d804c1d2695b1409a862b9016dc74326ce15daaaf1adc2a7b59 ...
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1answer
66 views

Process to get started with bitcoin for beginners [duplicate]

I'm new to all the crypto stuff, and I spent some time reading about it to get familiar with it, and now I'd like to start the experience, though I'd first like to have some feedback about whether I ...
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1answer
142 views

Can an attacker flood the Bitcoin network with fake transactions?

We are in 2050. People show an ever-growing distrust in the global banking system and start transitioning to only using Bitcoin: most companies accept it as a form of payment, and people settle their ...
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1answer
84 views

Different fee rate units - sat/vB, sat perkw, sat perkb

While reading documentation of C-Lightning I found this in section about making onchain transactions with the wallet (funding and withdrawing the wallet): feerate is an optional feerate to use. It ...
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30 views

Sent transaction on 30 march 2021 still unconfirmed in mempool what can i do? [duplicate]

I made small BTC transaction from my bitcoincore wallet to account of Binance on March 30, 2021. I did set the fee low. But i wait a month for the transaction to back to my wallet. But it said still ...
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3answers
109 views

Can stolen or otherwise tainted coins be laundered through mining fees?

Do chain analysis techniques consider the fee portion of block rewards as tainted funds? e.g. if known stolen funds are moved in a certain block, the fees the sender pays end up "polluting" ...
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1answer
48 views

Can I have a fee rate lower than the one suggested by estimatesmartfee economical

I know what the inputs and outputs are, the weight of the transaction. At the moment I have $1400 divided into addresses (of my own bitcoin-node). When using sendtoaddress, 24 blocks, ECONOMICAL he ...
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1answer
25 views

Can larger transactions have a lesser fee per byte than smaller ones and still get equally treated?

Is the term "volume discounting" applicable in bitcoin transactions, meaning can a user pay less satoshi/Byte if a few transactions are bundled into one? In other words, would a fee for a ...
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1answer
88 views

Is the transaction size relevant if fee per byte is the same?

Is the size of the transaction some factor when the miner chooses one transaction over the other, provided that they both have the same fee per byte? In other words, will the miner prefer larger or ...
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1answer
69 views

Does Bitcoin no longer fulfill its original purpose?

The Bitcoin whitepaper details "a purely peer-to-peer version of electronic cash", usable for "small casual transactions". According to BitInfoCharts, the average Bitcoin ...
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0answers
19 views

What is the best way to pull miner's fee associated with a list of transactions?

I have a spreadsheet containing the transaction ID, datetime, and BTC amount of 800,000+ transactions associated with a BTC address (includes both sent and received transactions). Now I am trying to ...
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1answer
135 views

Why are Paxful transaction fees so low?

Recently I used Paxful for the first time I had bought 0.00022665 BTC and then had sent them to my Electrum wallet. The whole amount have arrived to my private wallet successfully, so that means that ...
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313 views

How do I double spend using electrum for fix unconfirmed transaction

I have two Blockchain.com wallets.(Both of them are mine) Some days ago i did a big mistake. I sent 1100$ From wallet #1 to wallet #2. (10.0 sat/vB > As you see this is very very low) (TX LINK) And ...
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33 views

How to handle account balances?

My goal is to manage the investments of a huge group of people. Let's say that each month each one puts in a different amount of dollars (it may even be $1) and I need to send to his wallet that ...
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56 views

BlockChain.Com Wallet - Why transaction FEE Is very HIGH

I have two wallets in BlockChain.Com web site. When i want to transfer bitcoin from one of them situation is like this : Money for transfer : $1000 Transaction Fee = Priority = $26 In another wallet ...
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1answer
151 views

Blockchain.com wallet | 1178$ transaction with low fee = 10 satoshi | How fix unconfirmed issue

I have a blockchain.com wallet. yesterday i did a big mistake : I customized transaction fee and set it to 10 satoshi. Here is the tx link of that transaction. Now after 1 day it has n't confirm. Did ...
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2answers
196 views

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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1answer
188 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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