Post
Topic
Board Beginners & Help
Re: How to calculate bitcoin transaction size and fees
by
Bitcoin_Arena
on 06/05/2019, 16:35:40 UTC
There is one important thing you forgot to mention.

What matters for fees is not how many addresses you have, but how many inputs you have.
Thanks for the additional information.
I really had no idea that inputs can actually affect one's transaction fee.



Now back you your calculation @RapTarX
Code:
2*180 + 3*34 + 10 + or - 2 = 470/456 bytes.
we do see a +2 or -2 resulting into 470/456 bytes.

So which bytes do we consider? 470 or 456?
Or this is just a range where you can pick any value between 456 and 470 bytes and multiply with given rate which is currently 62sats/byte to get the total fees you have to pay?



Sorry for so many questions, I have been so reluctant in learning how to calculate these fees and this is an opportunity for me to know something  Wink