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Electrum wallet fees
Electrum wallet fees







electrum wallet fees

Go to your wallet and select the " Settings" icon in the upper-right corner of the screen.

  • Once all fields have been filled in, press the " Send funds" button.
  • The network's fee is set automatically.
  • Select the wallet from which the funds will be sent.
  • electrum wallet fees

    Set the fee you want using the slider ( in our example 3.53406 mBTC / KB = 0.00353406 btc / kbit).Note that, for your convenience, "Regular" and "Priority" are displayed here. Then enter the fee amount in the " Transaction Fee" field, wich will be displayed in sat / bytes. To set the fee you want, go to the " Customize Fee" tab.

    electrum wallet fees

    You can also set a custom fee (a fee of an arbitrary value).

  • Select the type of fee, either "Regular" or "Priority" - these are the fees recommended by the wallet (service).
  • Enter the recipient's address and the amount to be sent.
  • Go to your wallet and press the " Send" button. Therefore, in order to complete a transaction with a custom fee, you need to: Their ratio is calculated according to the formulas:įor example, 360 sat / byte = 0.0005 btc / kbit. They are typically sat / b and btc / KBit. If you set a fee lower than the recommended fee while performing a transaction, you run the risk of waiting a long time for the order to be processed (12-72 hours).ĭifferent wallets use various units of measurement. You can find out which fee is considered to be optimal at a given moment in time: To include a transaction in a block, a user can set a custom fee, but in order to receive a confirmation sooner, it is recommended to set a fee that is not lower than the current one at the moment. Therefore, transactions are neither included in a block, nor confirmed immediately. For many Bitcoin users, confirmation of some transactions takes a long time.īitcoin network has 10-minute blocks and many transactions per unit of time.









    Electrum wallet fees