What's the minimum fee that is required to send a BTC transaction in order to not get dropped?
What's the lowest that a TX will get through before it gets dropped? What happens when it drops? We see thousands of unconfirmed transactions and mempool full. Next Block Fee: $20.39 and current Median Fee: $14.86...
the current miner fee is 0.0003 BTC, so any amount you send should be above this. i just transferred 9$ last week and it cost me 12$ to do so (I paid 19$ to have 9$ received) :)
Right now the transaction fee is $31.14 usd.
https://ycharts.com/indicators/bitcoin_average_transaction_fee#:~:text=Basic%20Info,by%20a%20miner%20and%20confirmed.&text=Bitcoin%20Average%20Transaction%20Fee%20is,from%200.5798%20one%20year%20ago.
Current Bitcoin Transaction Fees
Satoshis/Byte USD/tx
Next Block Fee: fee to have your transaction mined on the next block (10 minutes). 122S/B 15.26$/Tx
3 Blocks Fee: fee to have your transaction mined within three blocks (30 minutes). 83S/B 10.38$/Tx
6 Blocks Fee: fee to have your transaction mined within six blocks (1 hour). 54S/B 6.75$/Tx
Miners spend vast amounts of computing power and energy doing this for a financial reward: with every block (a collection of transactions not exceeding 1 MB in size) added to the blockchain comes a bounty called a block reward (currently 12.5 BTC), as well as all fees sent with the transactions that were included in the block.
Every bitcoin transaction must be added to the blockchain, the official public ledger of all bitcoin transactions, in order to be considered successfully completed or valid. The work of validating transactions and adding them to the blockchain is done by miners, powerful computers that make up and connect to the network. Miners spend vast amounts of computing power and energy doing this for a financial reward: with every block (a collection of transactions not exceeding 1 MB in size) added to the blockchain comes a bounty called a block reward (currently 12.5 BTC), as well as all fees sent with the transactions that were included in the block.
Based on my experienced, the transaction fees for btc it depends on the value of the btc in the blockchain, so the transaction fees are also volatile, but the current minimum tx so far is 0.0001 and I suggest if you want to transfer a cryptocurrency or any assets to your digital wallet, you try also the exchange process from btc to xrp or btc to trx so that transaction fees are much lesser to the btc blockchain fee. Thats all thank you!
THE LOWEST IS 7.48 MATHEMATICALLY. BUT WHEN THE CHAIN MEETS, THE ABILITY TO RISE TOGETHER IS HUGE. UNAPPROVED TRANSACTIONS AND MEMPOOL FULL LOWER IF IT GOES I'm WARNING YOU TO PAY ATTENTION
In theory, the Bitcoin transaction fee can be 0 %. Conditions that must be met to perform such an operation:
The transaction size is less than 1000 bytes.
Each output is not less than 0.01 BTC.
High priority.
But it is almost impossible to make a successful transaction with zero commission. The demand for cryptocurrency has significantly increased the load in recent years. The minimum recommended commission of 0.0001 BTC is no longer relevant.
With Bitcoin, however, the ideal transaction fee is determined by the amount of data that makes up a transaction. ... Another user on the platform who goes by the pseudonym Marek proposes that the ideal fee to pay is 0.0001 BTC per every 1000 bytes of data.
No the minimum amount you can send depends on what is the lowest limit set by you sending wallet this can use custom fees like 5sats per byte and it will be credited within 10 days it takes low miner fees like if you send 0.00001 btc it will take a miner fee of 150 sats