Post
Topic
Board Bitcoin Discussion
Re: Will the transaction fee will high if I send small amount under $50
by
Gladitorcomeback
on 19/12/2023, 11:40:49 UTC
Bitcoin transaction fee does not depend on how big or small the value of your transaction. I mean you will have a same transaction fee for two transactions with same transaction type, same inputs, output numbers and same fee rate. Even transaction 1 has its value is $50 and transaction 2 has its value is $1M, transaction fee can be the same like $25. I think till this example, you get the answer.

I also thinking same but practically when I use safepal wallet (not recommended) there is dramatically a fee difference for different btc value. When I click on maximum btc(57$) ,the fee shows 11.86$ and with same network fee when I want to send 50$ then I have to pay 15$ fee.

What do you think it is wallet issues or something I have not learned yet?