Post
Topic
Board Bitcoin Discussion
Re: Transaction fee
by
BitHodler
on 10/04/2016, 08:45:44 UTC
How big is transaction fee in bitcoin?

Minimum, maximum?
What do you want to pay to successful transaction?

Thank you.

usually fee is around 0,0001 fee, but that's not maximum fee or minimum fee, like someone said minimum fee can be 0, just it will take ages to send/get bitcoins, while i don't know how maximum fee looks like but it depends on technology, usually higher fee - faster sending/geting bitcoins

It depends highly on how many inputs a certain transaction has. If I send a single input of 1BTC then I can most likely get it confirmed within 2 blocks with only 0.00001BTC in fees.

If you have a transaction of 1BTC with 20 inputs being 0.05BTC each, you most likely won't get your transaction confirmed within 5 blocks with only 0.00001BTC in fees. Then around 0.0005-0.001BTC will be more suitable.