Post
Topic
Board Beginners & Help
Re: Are transaction fees lower if I keep all my bitcoins in 1 address?
by
odolvlobo
on 19/10/2016, 19:21:41 UTC
i think yes if transactions are done from one address you can pay few satoshis but if you use multiple bitcoin addresses for your transaction then oviously you have to pay transaction fees for each address and you can not just fraction your previous fees amount
you can get lower fee by using many address because the fee computed by how many transaction has been accepted on your address.

The size of the transaction data (which determines the fee) is not affected by the number of addresses. It is is affected by the number of inputs. The fees for sending from a single address with 1000 inputs and sending from 1000 addresses each with a single input are the same.

Simply stated, each time bitcoins are sent to an address, another input is associated with that address. When a wallet sends bitcoins, it finds a sufficient number of inputs associated with the addresses it controls, and uses them in the transaction. Whether or not the inputs are associated with a single address or with many addresses is unimportant.