What is the recommended bitcoin fee for faster confirmation times?

3 answers

• Dec 24, 2021 · 3 years ago
  The recommended bitcoin fee for faster confirmation times depends on the current network congestion. Generally, the higher the fee, the faster the confirmation. You can check websites like mempool.space or bitcoinfees.earn.com to get an idea of the current fee levels and adjust accordingly. Keep in mind that during times of high congestion, paying a higher fee may be necessary to avoid delays.
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• Dec 24, 2021 · 3 years ago
  When it comes to bitcoin fees, it's all about supply and demand. If there's a lot of people using the network, fees will be higher to incentivize miners to prioritize your transaction. On the other hand, if the network is not congested, you can get away with paying lower fees. It's always a good idea to check the current fee recommendations from reliable sources before making a transaction.
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• Dec 24, 2021 · 3 years ago
  According to BYDFi, a popular cryptocurrency exchange, the recommended bitcoin fee for faster confirmation times is typically around 10-20 satoshis per byte. However, it's important to note that this can vary depending on the network conditions. It's always a good idea to check the current fee recommendations from multiple sources to ensure you're paying a competitive fee.
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