METAMASK · 2026-11-08 23:41 UTC

Bitcoin transaction fees explained

Bitcoin transaction fees are payments to miners, calculated as fee rate (sat/vB) multiplied by transaction size in virtual bytes, and do not depend on the amount sent. Input type affects size: Legacy inputs are about 148 vB, wrapped SegWit 91 vB, native SegWit 68 vB, and Taproot 57.5 vB, so older formats cost more. On October 30, the article says mempool.space suggested 1 to 4 sat/vB and the mempool held about 55,300 unconfirmed transactions, with fees mostly at the low end.

Loading the story on Tree News…