I'm considering using Electrum for my transactions, but I'm not sure if it charges any fees. I want to know if there are any fees associated with using Electrum before I make a decision.
6 answers
Nicola
Wed Jan 01 2025
A satoshi is a fractional unit of Bitcoin, where one Bitcoin is divisible into 100 million satoshis.
BlockchainWizard
Wed Jan 01 2025
For instance, a transaction fee of 300 satoshis signifies an amount equivalent to 0.00000300 Bitcoin.
CharmedEcho
Wed Jan 01 2025
Electrum offers multiple fee options to users for their transactions.
Leonardo
Wed Jan 01 2025
One of these options is the Static fee, which remains constant regardless of network conditions.
TeaCeremony
Wed Jan 01 2025
Electrum transaction fees are calculated based on the number of satoshis per byte.