Quote from: uraliss1 on August 31, 2013, 02:55:59 PM

Hi Folks
Can someone help me with transaction fees please?

I thought it was possible to send bitcoins without any transaction fees. But it appears I am wrong. Is there something I am missing?

Thanks

You can do.

Calculation is:

(BTC in Satoshi * confirmations)/size > 57600000

So you you want to send 5 BTC for free, size of transaction is 250 bytes.

(500000000*x)/250 > 57600000

--> x > 28.8

So you need 29 confirmations before sending 5 BTC without fee with immediate confirmation.

Remember, all inputs must be > 0.01 BTC as well.

Sincerely, Nigeria Prince (Bitcoin expert)