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I am developing a simple wallet with PHP. Right now I don't have the ability to "move" any funds around to test with. I am wondering does the "move" command require a transaction fee?
Does moving funds from one account to another locally require a transaction fee?
Answers
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Answering to the subject of this question:
Does moving funds from one account to another locally require a transaction fee?
Yes!
If you move(transfer) funds from one wallet to another wallet, there will be a transaction fee for sure.
But,
If you are doing this simply in your server, that is within the website and internal database, then no, there is no transaction fees.
A transaction fee will be levied only if you transfer from one wallet to another in blockchain, not internal to your own database.
are you asking about bitcoin? bitcoin does not have accounts and move command. – amaclin – 2018-01-13T07:16:17.443
Spending outputs requires a fee to be paid to miners. For testing purposes, you should connect to the bitcoin testnet (avoid main-net tx fees, and losses due to wallet bugs). – chytrik – 2018-01-13T22:11:18.720