Post
Topic
Board Development & Technical Discussion
Merits 9 from 4 users
Re: Efficiently accepted small amounts of Bitcoin?
by
Upgrade00
on 06/09/2021, 21:56:11 UTC
⭐ Merited by o_e_l_e_o (4) ,pooya87 (2) ,BlackHatCoiner (2) ,hosseinimr93 (1)
The lightening network could help you reduce the fees that are paid on transactions, considering that you're expecting multiple transactions with a lower amount.

I calculated already with an online fee calculator, and the transaction fees currently would be ~10% of the actual value.
This is wrong. The transaction fees depends on the ferrate at a particular time as well as the size of the transaction. It has nothing to do with the value of the Bitcoins being transferred; would be quite absurd to pay $100,000 for a $1 million worth transaction.

Is it possible to send without any fees? Or less than 1sat/bit?
You can technically create a transaction with no fees, but the chances of it getting verified by the nodes or confirmed is almost impossible now.
Lightening network reduces the fees significantly though.