$ 91845
€ 79265
£ 69833
¥ 14255285
元 652809
₹ 8141153
Bitcoin Transaction Fee
High priority
Medium priority
Low priority
Transaction Fee Values Collected from Various Industry Websites
| 1 block | 6 blocks | 7+ blocks | min fee | |
|---|---|---|---|---|
| bitgo.com | 4.72 | 2.23 | 2 | 1 |
| blockcypher.com | 6.44 | 2.2 | 1.37 | NA |
| blockstream.info | 4.62 | 3.3 | 2.25 | NA |
| mempool.space | 5 | 4 | 2 | 1 |
| Average Fee | 5.19 | 2.93 | 1.91 | 0.93 |
Current High Priority Fee
4.4 sat/vB
a confirmation will take about an 10 minutes
Last 24 Hours: Min - 1 sat/vB, Max - 5 sat/vB
Medium Priority Fee
2.3 sat/vB
a confirmation will take about an 60 minutes
Last 24 Hours: Min - 1 sat/vB, Max - 2.3 sat/vB
Low Priority Fee
1 sat/vB
a confirmation will take about an 720 minutes
Last 24 Hours: Min - 1 sat/vB, Max - 1 sat/vB
How to pay less bitcoin transaction fee
If you look at bitcoin transactions in the explorer, you will sometimes find transactions in which the cost of the commission is several times the amount of bitcoins that were sent. In certain periods of time, the transfer fees reach very high values. And one more thing - sending now an unreasonably large transaction fee, for example 0.0015 btc ($15) at the rate of $10000, after a while this fee will be equal to $150 at the rate of $100000!
This puzzles people, especially those who have just started using bitcoins. Fortunately, there are several ways to avoid the high fee and save your bitcoins. Right now, you are in the right place. This website is designed to help you.
Choose the correct current fee
Use wallets that allow you to set the commission manually. You should manually set the fee in satoshi/byte. To find out the correct network fee for the current time, go to the top of this page and select a transaction time estimate that is acceptable to you - 10 minutes, 1 hour or 12 hours (estimated time).
Use a native Segwit wallet
It's easy - by using your own Segwit wallet, you can save on fees. The address of your own segwit wallet will start with the prefix bc1. If your wallet's receive address starts with prefix 1 or 3, it's not your own segwit wallet - these addresses increase in size in bytes. You should switch to a wallet like Electrum/Ledger or another wallet once and make sure you select native segwit mode when creating a new wallet. The address should start with the prefix bc1. If the send address and the receive address start with the bc1 prefix then this transaction will have the smallest size in bytes. Keep your bitcoins in a Segwit wallet.
Use the right time
There is a great tool on this page that will also help you save money - Bitcoin fee alert. Set the desired fee value and enter your email. You will receive an email when the fee is lower. So simple and effective. But of course this feature can be used for non-urgent transactions.
And for urgent transfers
In the charts above you can find periods with low fees. Therefore, it gives you the opportunity to make urgent transfers.
Decrease your wallet fragmentation
As you keep receiving payments to one address, your wallet will have a large number of output transactions. And each output transaction has a weight. Your wallet stores information about each UTXO. If there are many of them, the network will have to process a large amount of data when moving bitcoin to a new address. The fee depends on the cost per byte of data and the size of the transaction. Ten UTXO will contain more bytes than a transaction with two UTXO. During busy periods on the blockchain, you'll have to pay high fees, but having multiple UTXOs will make things worse. When you spend money, it will result in high fees. To fix this, you can do one trick. Set your fee alert to low rate. When you get an email message send yourself the full wallet balance at the low fee. And then you will only have one output when you send it.