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In wallet options section it shows these two settings
-paytxfee=<amt> Fee (in BTC/kB) to add to transactions you send (default: 0.00)
-maxtxfee=<amt> Maximum total fees to use in a single wallet transaction, setting too low may abort large transactions (default: 0.10)
If I set these two settings in the bitcoin.conf which one will override the other ? or how does in work ?
Is it possible to pay fixed amount per transaction regardless the kilobytes? – Mohamed Farrag – 2015-08-04T12:43:49.940
2@Mohamed No, that wouldn't make sense. You're paying for space inside blocks, and miners prioritize transactions based on fee per byte. As you don't know the size of a transaction before creating it, specifying its exact fee would likely lead to unexpected behaviour. – Pieter Wuille – 2015-08-05T12:40:12.750
https://btc.com/stats/unconfirmed-tx tells you how long your transaction will take to "clear" if you pay a certain transaction fee. Paying 0 may take too long, but you can get away with paying very little if you don't mind a delay in your transaction entering the blockchain. – Sun – 2017-10-01T06:00:02.720