How can I reduce the gas fees when sending BTC?

3 answers

• Jan 12, 2022 · 3 years ago
  One way to reduce gas fees when sending BTC is to use a SegWit-enabled wallet. SegWit (Segregated Witness) is a technology that increases the block size limit, allowing more transactions to be included in each block. By using a SegWit-enabled wallet, your transaction will have a smaller size, resulting in lower fees. Make sure to check if your wallet supports SegWit before sending BTC.
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• Jan 12, 2022 · 3 years ago
  Another way to reduce gas fees when sending BTC is to choose the right time to send your transaction. Gas fees can vary depending on network congestion. If the network is busy, fees tend to be higher. You can use blockchain explorers or fee estimation tools to check the current network congestion and choose a time when fees are lower. Keep in mind that fees can change rapidly, so it's important to stay updated.
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• Jan 12, 2022 · 3 years ago
  At BYDFi, we have implemented a fee optimization algorithm that automatically selects the most cost-effective gas price for your BTC transactions. Our algorithm takes into account the current network congestion and dynamically adjusts the gas price to minimize fees. By using BYDFi for your BTC transactions, you can save on gas fees and enjoy faster confirmation times. Give it a try and see the difference!
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