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Showing 2 of 2 results by zoaaacosta
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Board Beginners & Help
Re: How I can check the fee for now ?
by
zoaaacosta
on 17/09/2018, 21:05:06 UTC
Quote from: squatter on September 17, 2018, 07:15:04 PM
Quote from: McIyoke on September 17, 2018, 05:19:53 PM
How I can check the fee for now ? I can't understand how fees work. Is there a website where I can type the  the amount of BTC transaction and I how much will be the fee.
I found one website but there it types - it doesn't matter how many BTC you send you will get same fee. And there types that now fee for a transaction is 0.6$. It is really so low ? I don't really trust the fee can be so low
Is there a website where I can write amount of BTC I want to send and it check the fee in real time?

Bitcoin transaction fees are based on transaction size, not amount. We measure fees in "satoshis per byte" -- a satoshi = 0.00000001 BTC. Users compete for block space -- higher fee transactions get confirmed faster than low fee transactions.

This is the tool I use to check network fees. It shows how many transactions are waiting to be confirmed at various fee rates. Right now, 2-3 satoshis/byte will probably get confirmed in the next block. Earlier in the day, you needed closer to 7 satoshis/byte for the same confirmation speed.

Thanks for sharing. I think I can use this tool for my future transactions. I am always basing the fees of my transactions on the default fees in the certain exchanges or btc platforms, now I have a closer idea how these fees works.
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Topic
Board Speculation
Re: Sell car for Bitcoin
by
zoaaacosta
on 17/09/2018, 20:39:49 UTC
In the world of investment, even not in crypto, you should always follow the golden rules. Do not invest what you cannot afford to lose and always do your own research. I don't mean to say that bitcoin is a bad investment, but he should be prepared for the consequences. It doesn't mean that if you invested to something, you are going to be rich instantly.