ERocks1
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Joined: Wed May 10, 2017 10:53 pm

Need help with transaction fee sizing! Thanks!

Thu May 11, 2017 10:06 pm

Hello,

Yesterday I posted about a delay in a transfer from Blockchain to Coinbase. I received several helpful answers and had some help is speeding up the process. I'm making another transfer today and wanted to seek some guidance in the fee sizing so I won't have the same problem. I'd like to have the funds transferred with the hour if possible.

http://bitcoinfees.21.co/ - this site came up a couple times as a recommendation yesterday, the only problem is I still have hard time making sense of it.

Today I will be sending $1590 USD worth of bitcoin, or 0.86456207 BTC. Looks like the size is 2437 bytes, or at least that's what it was for the transfer coming into my Blockchain wallet. I'd like to get to a place where I can do all of this independently, but for the sake of time I figured I would make another post on here. You all were so helpful yesterday. Thanks again!!

E

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bitkilo
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Re: Need help with transaction fee sizing! Thanks!

Thu May 11, 2017 11:56 pm

Just heading to the office, i will answer this better in about an hour.

The recommended fee is currently 280 sat per byte, so 280x the transaction size.
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Decoded
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Re: Need help with transaction fee sizing! Thanks!

Fri May 12, 2017 6:31 am

Is that 0.86 BTC you received all from one transaction, or are they from many different transactions? The more there are, the bigger your transaction will be.
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