Bitcoin wallet transaction fee calculator
You also have the option to set your fees manually by using Advanced Send. Different wallets handle fees differently, and you should find out how your wallet handles the fees for you if at all.
Before transactions get packaged into blocks and inserted into the blockchain they wait around in the transaction pool , also known as the memory pool or mempool for short. Each transaction in the mempool has a certain degree of priority. I will not go into detail about what each of these parameters mean, but what is important to understand is this: The first 50kb of each of transaction space in each block is set aside for high priority transactions.
Other transactions may sit in the mempool for a long time, mature, and then finally move forward in priority in order to be included in the next block. If your transaction is stuck, it will either sit there long enough to gain a higher priority, or it will get rejected and flushed out of the mempool within roughly a week in most cases.
If you still have questions, connect with us on Twitter , Facebook , or visit our Help Center for even more resources. A bitcoin blogger since , Ofir owns 99Bitcoins and the popular Bitcoin Obituaries section. For example, if your transaction is bytes, you'll have to pay the same fee whether you're transferring 0. For a transaction that you've already sent, you'll find either one of the numbers above or both numbers above on a block explorer. For transactions you haven't sent yet, you probably want to find the best fee-per-byte to ensure your transaction confirms quickly.
To find the ideal fee-per-byte, you need to know the size of your transaction in bytes. Unfortunately, many wallets don't tell you how many bytes will be in your transaction before you send it, so bitcoinfees.
The median is the most commonly seen byte size of transactions in the last several blocks. Also provided in the same part of the page is a recommended fee for fast confirmation. If you multiply these two values together, you'll get the total fee to pay. The number displayed on bitcoinfees. To convert between the two, you can divided the satoshi value by million ,, or 1e8 on a scientific calculator.