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> Current transaction fee (for 1 cent or a billion dollars) > Bitcoin - $1.62 per transaction This is misleading. A best-effort transaction can be submitted
by greyface- 4y ago
> Current transaction fee (for 1 cent or a billion dollars)
> Bitcoin - $1.62 per transaction
This is misleading. A best-effort transaction can be submitted with a fee of 1 sat/vB. For a 374 vB transaction (a typical 2-in-2-out P2PKH -- see https://bitcoinops.org/en/tools/calc-size/ https://bitcoinops.org/en/tools/calc-size/), this is 11 cents. $1.62 is either an enormous transaction, or one submitted at very high priority.
- landemva 4y agoWallet fee estimates have often been way too high for some time. People keep overpaying.