Bitcoin Transaction Fees

What are the transaction fees?

Transaction fees are included with your bitcoin transaction in order to have your transaction processed by a miner and confirmed by the Bitcoin network. The space available for transactions in a block is currently artificially limited to 1 MB in the Bitcoin network. This means that to get your transaction processed quickly you will have to outbid other users.

This site keeps a record of how Bitcoin transaction fees evolve over time.

The fees shown at the historic charts and tables are in US dollars per transaction and in satoshis per byte.

We also show the latest fee estimate in US Dollars/transaction in the list below. To calculate the fees per transaction, we consider that the average Bitcoin transaction is about 250 bytes big.

Current Bitcoin transaction fees (in dollars per transaction)

Please consider the following:

• These are the estimated fees you should use depending on how fast you would like to obtain the first confirmation for a typical transaction.
• The transaction fee you pay will only affect the time you have to wait until the first confirmation.
• When making a Bitcoin transaction, recipients usually require somewhere between 2 and 6 confirmations to consider the transaction as valid.
• Once your transaction is included in a Bitcoin block and thus obtains the first confirmation, you will need to wait approximately 10 minutes for each additional confirmation.
• After the first confirmation, the waiting time for each additional confirmation is completely independent of the transaction fee you paid.
• Because of the decentralized nature of the Bitcoin network and the fact that there is sometimes congestion in the available block space (because of the 1 MB limit), the amounts shown here are probabilistic and there are no guarantees that they will work.

• Next Block Fee: fee to have your transaction mined on the next block (10 minutes). $0.66
• 3 Blocks Fee: fee to have your transaction mined within three blocks (30 minutes). $0.66
• 6 Blocks Fee: fee to have your transaction mined within six blocks (1 hour). $0.53

Historic daily average Bitcoin transaction fees (in dollars per transaction)

• Chart
• Table

Historic daily average Bitcoin transaction fees (in satoshis per byte)

• Chart
• Table

 

Data from bitcoinfees.earn.com. Exchange rates powered by CoinDesk.