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You can get realtime transaction fees calculated for you on the Bitcoin Fees website. If you are interested in how those numbers are calculated, read below. First, when we quote a "Bitcoin transaction fee", we will usually quote one of two numbers:. It's important to note that the total bitcoin amount of your transaction doesn't matter for the purposes of fee calculation! 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.
If you enter the fixed fee described above into a per-byte field, you'll probably pay more than times more fee than necessary. Instead enter the bitcoinfees.
Bitcoin Transactions and Fees. How do I calculate my transaction fee? If you are interested in how those numbers are Written by Zach Updated over a week ago. Did this answer your question?