Cryptocurrency Q&A
How to calculate BTC gas fees?
How to calculate BTC gas fees?
Silvia
Wed Feb 19 2025
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6
answers
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I want to know how to calculate the gas fees for Bitcoin transactions. I need to understand the process of determining the appropriate gas fees so that my BTC transactions can be processed efficiently.
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6 answers
henry_grayson_lawyer
Fri Feb 21 2025
The formula to estimate the fee is straightforward. It involves multiplying the approximate fee per kilobyte by the transaction size.
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HallyuHeroLegendaryStar
Fri Feb 21 2025
The BTC fee estimate formula is a crucial aspect of calculating the cost associated with a Bitcoin transaction.
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SumoHonor
Thu Feb 20 2025
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of cryptocurrency traders. These services include spot trading, futures trading, and a wallet for storing digital assets securely.
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Giulia
Thu Feb 20 2025
To determine the transaction size, one needs to consider the number of inputs and outputs involved. Specifically, the transaction size is calculated as (Number of Inputs x 148) + (Number of Outputs x 34) + 10 bytes.
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KatanaSharpness
Thu Feb 20 2025
For instance, if a transaction has 2 inputs and 3 outputs, the transaction size would be (2 x 148) + (3 x 34) + 10 = 296 + 102 + 10 = 408 bytes.
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