The fee for Bitcoin transactions is calculated based on the current network usage of the blockchain. The fee is separately paid while the transaction is executed. This means if you want to send 1 BTC from your wallet (which is managed by us) to another wallet, the fee of - let's say - 0.01 BTC is added on top of the transaction. So, the wallet's balance is 1.01 lower than before the transaction.
How is the fee calculated and paid? Print
Created by: Martin Kreitmair
Modified on: Thu, 30 Apr, 2020 at 3:36 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.