Bitcoin Accelerator

Bitcoin recommended transaction fees

    * Up to Date 🚀

    To get the 1st Confirmation for your Transaction in Less than 15 minutes you can use this fees: ( Use 133 sat/byte )
    * Use only if you are really in harry!

    To get the 1st Confirmation for your Transaction in Less than an hour you can use this fees: 0.00023706 ₿ ~= $6.2775 USD, ( Use 89 sat/byte ).

    For now the Normal Fees you can use to not getting stuck and YES you can safely use it, is: 0.00012765 ₿ ~= $3.3803 USD, ( Use 51 sat/byte ).

    We Suggest you to use this Fees for now: ( 95 sat/byte ).
    * Updated 50 seconds ago.

    🔥 Whatever Fees you have considered to use Don't forget to Direct go ahead and use our Bitcoin transaction accelerator to get the fastest possible confirmations for your transaction 🚀

    As an example for how to use our Suggested Fees on Blockchain Please do the following :

    1. Login to your Blockchain account and select Send then BTC and fill out the sending forms.
    2. Click on Customize Fee.
    3. Enter 95 for Network Fee and click Continue to send your Transaction, Same as this Live Screenshot:

    Current best Bitcoin transaction fee

    What is Bitcoin Transaction fees?

    Bitcoin transaction fees are an essential component of the blockchain network. When Satoshi Nakamoto created the Bitcoin blockchain, he implemented transaction fees in order to prevent spam transactions that could slow down and clog the network. Transaction fees incentivize miners to validate transactions and subsidize the diminishing block subsidy, helping support network security by keeping miners profitable.

    Most exchanges and brokerages charge fees for buying and selling bitcoin. However, the fees charged by exchanges are entirely separate from the fees required to process a transaction on the Bitcoin network.

    In 2010, a .01 BTC minimum transaction fee was implemented by a source code rule. This rule was later removed as transaction volume increased. Bitcoin transaction fees have risen in dollar amount and fallen in BTC amount as the price of bitcoin has increased.

    Mathematically, transaction fees are the difference between the amount of bitcoin sent and the amount received. Conceptually, transaction fees are a reflection of the speed with which a user wants their transaction validated on the blockchain. When a miner validates a new block in the blockchain, they also validate all of the transactions within the block.

    Once a miner has validated a new block, they receive the transaction fees and block subsidy associated with that block. The sum of the transaction fees and block subsidy is the block reward.

    With each Bitcoin halving, the hashrate falls. A falling hashrate simultaneously increases the cost of mining new blocks while decreasing the block rewards. Validating new blocks takes significant computing power and energy, so rising transaction fees incentivize miners to continue validating new blocks. Keeping miners in the market is essential to maintaining network security, and transaction fees play a significant role.