Questions tagged [transaction costs]

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EtherWhale EtherWhale Fri Jun 07 2024 | 6 answers 1354

How much does it cost to send $100 Bitcoin?|Bitcoin transaction costs only depend on how big in bytes your transaction is. As such, the dollar value you're sending is irrelevant with Bitcoin. A simple transaction usually costs around 200-2,000 sats or which could be for $100 or $100 million dollars.$0.06-$0.60 USD

Could you please elaborate on the cost of sending $100 worth of Bitcoin? I understand that Bitcoin transaction fees are determined by the size of the transaction in bytes, rather than the dollar amount being sent. However, I'm still curious about the approximate range of these fees for a transaction of this size. Could you give me a general estimate in terms of satoshis or US dollars? Is it typically within the range of 200-2,000 satoshis, equivalent to approximately $0.06-$0.60 USD?

How much does it cost to send $100 Bitcoin?|Bitcoin transaction costs only depend on how big in bytes your transaction is. As such, the dollar value you're sending is irrelevant with Bitcoin. A simple transaction usually costs around 200-2,000 sats or which could be for $100 or $100 million dollars.$0.06-$0.60 USD

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