1
Does bitcoin have transaction fees when sending money from on wallet to another ? How much % is the fee ?
Does bitcoin have transaction fees?
Answers
2
Yes, Bitcoin transactions have transaction fee. It is not proportional to amount of Bitcoins sent, but it is proportional to the size of transaction and it is measured in satoshi/byte. (10^8 Satoshi is 1 Bitcoin)
The fees changes from time to time because of market conditions. You can find a good idea of what fees to pay on this site https://bitcoinfees.21.co/.
1 or 2$ fees is a bit misleading. In the community we speak about fees in Satoshi per byte. When mempool is down (as currently), you can create transactions with 10Satoshi/byte. See current status also here: https://bitcoinfees.21.co/, which tells you how much Satoshi/Byte you need, to get your transaction through the next block(s).
Nice link. I will removed the 1-2$ reference with the link. I specifically mentioned market conditions to highlight that tx fee changes. – sanket1729 – 2017-07-04T06:43:58.883
related: https://bitcoin.stackexchange.com/q/43154/5406
– Murch – 2017-07-02T16:11:09.603