How do I reduce the Bitcoin transaction fee?

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I am using Bitcoin Wallet v5.09-v5.10 on Android 6.0.1. Is there a way to lower the Bitcoin transaction fee?

Bruce Rout

Posted 2017-02-21T03:46:38.773

Reputation: 21

Yes, but it depends what wallet software you are using. Can you provide more information? – m1xolyd1an – 2017-02-21T03:48:48.987

Thank you. Sorry for the lack of documentation. I am using Bitcoin Wallet v5.09-v5.10 on Android 6.0.1. Yours, Bruce – Bruce – 2017-02-22T15:12:38.567

Answers

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Yes, use Send Coins > Options > Fee to select one of three fee levels. The actual fee is dynamic and depends on the byte size of your payment. Use

  • Priority if a payment is urgent
  • Normal if you want confirmation roughly within the next hour
  • Economic if you don't care about confirmation times (mostly if you're sending to another wallet of yours)

Andreas Schildbach

Posted 2017-02-21T03:46:38.773

Reputation: 499

Asked: 2017-02-21T03:46:38.773

Viewed: 2 193 times

Active: 2017-02-27T15:31:43.293