Transaction fees are a fee that spenders may include in any Bitcoin transaction. The fee may be collected by the miner who includes the transaction in a block. The most important factor affecting how fast a transaction gets confirmed is its fee rate, often spelled feerate.
Optimal Fee Recommendation For Bitcoin Transactions
- Next Block Fee:
- 3 Blocks Fee:
- 6 Blocks Fee:The fees displayed here are in Satoshis (0.00000001 BTC) per byte of transaction data. Keep in mind that a normal transaction with 2 inputs and 2 outputs have almost ~374 bytes.
Next Block Feeis fastest optimal fee that you can set for your transaction and will likely be confirmed with the next block (usually around 5-15 minutes). 3 Blocks Feeis optimal fee for your transaction mined within three blocks and means that will be confirmed in approximately 30 minutes. 6 Blocks Feeis optimal fee for your transaction, based on an average of 3 hours, that can be mined within six blocks and means that will be confirmed in ~1 hour.
You can easily use this tool to keep an eye on the Bitcoin fees.Using this page you can see the estimated fees you should use depending on how fast you would like to obtain the first confirmation for a typical transaction.The transaction fee you pay will only affect the time you have to wait until the first confirmation. Once your transaction is included in a Bitcoin block and obtains the first confirmation, you will need to wait approximately 10 minutes for each additional confirmation and the waiting time for each additional confirmation is completely independent of the transaction fee you paid.
Values of Fees are continuously gathered from bitcoinfees.earn.com using API, based on average of 3 hours transactions volume.Value of fees can be different from one website to another and this tool are designed for information purpose only, without any guarantee to be accurate from one minute to another.
- 3 Blocks Fee: