Quote from: bitmover on December 17, 2019, 09:31:30 PM

Quote from: LoyceV on December 17, 2019, 09:26:59 PM

Quote

Is the fee (0.00105 BTC in the example) always paid by and deducted from the sender?

Yes. Note that this fee was much higher than needed for this transaction.

Transaction fee is calculated by satoshi per byte (sat/byte). Fees are calculated by the size, in bytes, of the transaction.

That transaction spent 200 sat/byte, which is ridiculously high. What wallet are you using? Is it blockchain.com?

You can easily and somehow quickly confirm transactions with less than 30 sat/byte. If you are not in hurry (if you can wait 12- 36 hours) you can even send with 1-2 sat/byte

So far only have a wallet on localbitcoins. The transaction I linked to was random, not mine.

I'm fascinated by the fact that we can set the fee. Suppose I set it to the minimum (or zero...?) is the transaction guarenteed to go through (with the delay)? Thanks.