Questions tagged [transaction-fees]

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

Filter by
Sorted by
Tagged with
0
votes
1answer
25 views

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 ...
2
votes
2answers
193 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 ...
0
votes
1answer
46 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 ...
2
votes
1answer
25 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 ...
0
votes
0answers
11 views

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 ?
0
votes
2answers
92 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 ...
0
votes
1answer
138 views

Stay on memory pool when I sending multiple transaction from bitcoin wallet

I run the bitcoin client 0.17.1 on my ubuntu 18.04 desktop. I have some balance in my wallet. Also my client is fully synced.I have face the wallet conflict. When I send multiple transaction at once(...
-1
votes
1answer
33 views

Do I need to pay for a Transfer Code to withdraw funds from account? [closed]

Do I have to pay a transfer fee to complete my withdrawal to receive a transfer code?
3
votes
3answers
659 views

Strategies to Reduce High Transaction Fees in a Cryptocurrency Marketplace?

I’m building a cryptocurrency marketplace where users mainly buy and sell small ticket items (worth $10 - $50) using cryptocurrency. However, the "miner fees" are making it prohibitively ...
0
votes
0answers
68 views

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 ...
4
votes
2answers
10k views

Do we have to pay transaction fee if we transfer bitcoins from one wallet to another ?

Can this be done for free? also please mention wallets who do not charge transaction fee (if they exists)
10
votes
1answer
22k views

Concept of Validating Transactions

Trying to get my head around Bitcoin. Been watching tutorials, unsure if I still understand Alice wants to send Bob 5 Bitcoins Alice hashes the transaction with 5 Bitcoins and send's it to Bob's ...
10
votes
2answers
5k views

Why don't miners charge more for high value transactions?

I know high and low value transactions take up the same amount of space in the blockchain. But wouldn't btc be more economical and fair if miners deliberatly chose transactions based on the value/fee ...
0
votes
1answer
39 views

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 ...
26
votes
4answers
15k views

How do miners select which transactions to include in a block?

Where and how do you view and select which transactions to include in the block you are trying to create? Do you look on the blockchain? Is there some tool that you can use that allows you to see ...
-1
votes
1answer
81 views

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 ...
0
votes
0answers
20 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 ...
0
votes
1answer
60 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 & ...
0
votes
2answers
805 views

How can I avoid the “Amount too low” message in my wallet for payout from Cloud mining service?

1) I have a Bitcoin-wallet called "Copay" on my IOS-device 2) I have joined the cloud mining-service "Genesis mining". For trying out the service I started with 50 $ from my credit card. 3) here is a ...
0
votes
1answer
36 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, &...
3
votes
1answer
575 views

What is payment batching?

How does Bitcoin transaction batching work exactly? How does this end up looking compared to a regular block of a bunch of transactions? Also, I have read people claim batching causes weaker privacy,...
0
votes
1answer
46 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....
0
votes
1answer
134 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 ...
0
votes
1answer
54 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, ...
1
vote
1answer
30 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 ...
2
votes
1answer
56 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 ...
1
vote
1answer
29 views

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 -...
0
votes
0answers
65 views

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 ...
2
votes
1answer
123 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 ...
3
votes
1answer
144 views

How do I calculate transaction fee for call to createpsbt()?

When my user invokes my app, he passes as an input parameter the desired value of the TX fee in satoshis per byte. I create a PSBT by calling createpsbt(). I exert complete control over the ...
0
votes
1answer
48 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 ...
1
vote
1answer
27 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 ...
2
votes
2answers
41 views

Why are the fee value and modified fee value always the same?

I do not see any transaction in the mempool having differing values for the fee and modified fee fields. Does nobody modify or accelerate their transactions? How do transactions with modified fees ...
0
votes
1answer
85 views

How to calculate fee in BitcoinJS raw transaction?

I have a transaction with 3 inputs and 2 outputs. 1output is the recipient and the other output is change address. How should I calculate the fee and apply it to output?
1
vote
1answer
41 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 ...
0
votes
2answers
39 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 ...
1
vote
3answers
253 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,...
2
votes
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?
2
votes
3answers
612 views

When using bitcoin-cli I get an error regarding fallback fees when trying to send regtest Bitcoin. How do I resolve this?

I have been doing an assignment on Bitcoin Core 0.20. Now every time I try to do a transaction: Apples-iMac:bitcoin apple$ bitcoin-cli -regtest sendtoaddress ...
1
vote
0answers
58 views

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 ...
0
votes
1answer
61 views

Can I verify my own transaction?

I'm waiting since 16/12/2020 and i still waiting in the Mempool. Exists a way how can i verify my own transaction without a Bitcoin miner? Yes, i paid a low fee. Here you can see my transaction: https:...
0
votes
1answer
61 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 ...
0
votes
1answer
32 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, &...
0
votes
2answers
77 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 ...
0
votes
1answer
43 views

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 ...
1
vote
1answer
64 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 ...
5
votes
3answers
153 views

How do you reliably estimate mining fees?

I'm asking this question because sites seem to yield widely different estimates. For instance, if I want a transaction to be accepted within 6 blocks, this is what I currently have to pay according to ...
0
votes
0answers
18 views

How long does it take for an unconfirmed transaction to drop from the mempool? [duplicate]

I have a transaction currently in unconfirmed limbo for 24+ hours. It was from an old 0.15 bitcoin core wallet, and I guess the fee was set too low. The old version of bitcoin-qt does not support ...
0
votes
1answer
109 views

Bitcoin wallet website

I am new in bitcoin. I am developing a PHP website to let users build their wallet on my website. I want to give every user a wallet. I do not want to give users private keys. I keep private keys, so ...
0
votes
2answers
58 views

Newbie Mistake?

I'm new to crypto. Well, I bought some back in 2017, but just forgot about it. I just opened a Wirex account and transferred some btc to Prime XBT. I thought it would be cheaper than using Coinbase, ...

1
2 3 4 5
17