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Bitcoin Technical Support
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4 from 2 users
Re: Bitcoin addresses and UTXOs
by
SeriouslyGiveaway
on
30/06/2023, 01:25:36 UTC
⭐ Merited by
hugeblack
(2) ,
Pmalek
(2)
Quote from: unknowncustomer on June 29, 2023, 01:01:26 PM
Fees will be determined by UTXOs
UTXOs can be used as inputs for your transactions. Your transaction fee will be decided by transaction size and fee rate. Transaction size depends on your input number (more inputs, bigger size) and your address types.
https://jlopp.github.io/bitcoin-transaction-size-calculator/
https://bitcoinops.org/en/tools/calc-size/
https://bitcoindata.science/plot-your-transaction-in-mempool.html
Quote
Any idea how minimum satoshis should a UTXO contain in order to be spendable so that fees don’t exceed the UTXO balance ?
You have to check mempools to use good fee rate.
https://mempool.space/
https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight
This Telegram bot
Bitcoin Fees - fees and tx tracker
gives you good notifications.
Quote
maybe fees in the future will be so high ?
Fees are not forever cheap or forever high. Mempools can change with time so does transaction fee.
When fee rates are cheap,
consolidate your small UTXOs