That fee you mention is added to the transaction so that miners include it in a block. So whilst there was no free for you, there was still a miner fee to be paid by cash app. Fees can also be reduced by publishing transactions at times of low.
Securing Bitcoin Payments Since 2011, Electrum Is One Of The Most Popular Bitcoin Wallets.
Recent versions of electrum use “dynamic fees” in order to make sure that the fee you. So i transferred bitcoin from coinbase pro to electrum and paid the fee within coinbase pro for both buying btc (.5%), as well as the withdrawal fee (approx 0.0001 btc). Bitcoin transaction fees work differently from fees charged by banks.
The Amount Of Transactions Per Day Is Increasing And Is At An All Times High:
It suits the needs of a wide spectrum of users. In the electrum wallet for bitcoin core, the fee rate is set according to a block target estimated time of. Examples include bitcoin core and electrum.
Looking At The Current Block, 402557, Transaction Fees Look Like They Are Around 0.001 Btc.
How does electrum calculate transaction fees? Go back to the funds transfer page. The fee can depend on a couple of things like age of coins, size of transaction, and/or how fast you want your transaction included.
Miners Prioritize Transactions That Pay The Highest Fees.
While this is good news, it also has its downsides. Show activity on this post. Both btc and bch transactions have fees,.