Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Will the transaction fee will high if I send small amount under $50
by
Samlucky O
on 19/12/2023, 05:49:57 UTC
⭐ Merited by fillippone (1)
Will the transaction fee will high if I send small amount under $50
I don't think so. If it's on Dex like trust wallet it will charge you like $13 for transaction fee. But if you use multisig wallet like blue wallet or electron wallet you will need to set your transaction fee according to mempool conjection maybe like using.
Fast==>medium or low. The fast transaction required higher sat/vbite to accelerate your transaction for fast and quicker transaction. Just like someone paying higher fee on ATM que to be the first set of people to achieve their target. And it has maximum of 1hour to confirm the transaction in mempool.

While the medium requires lesser fee compeard to the fast and it poses as second to the first transaction. And it could take 3 hours to confirm it's transaction.
While slow transaction takes time for it to be confirm in mempool with a lower fee and it's take about 24hours to complete it's confirmation. And this transaction is best to use use accelerator to boost it's transaction.