Cryptocurrency Q&A Does Electrum have fees?

Does Electrum have fees?

CryptoAce CryptoAce Mon Dec 30 2024 | 6 answers 1084
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. Does Electrum have fees?

6 answers

Nicola Nicola Wed Jan 01 2025
A satoshi is a fractional unit of Bitcoin, where one Bitcoin is divisible into 100 million satoshis.

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BlockchainWizard BlockchainWizard Wed Jan 01 2025
For instance, a transaction fee of 300 satoshis signifies an amount equivalent to 0.00000300 Bitcoin.

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CharmedEcho CharmedEcho Wed Jan 01 2025
Electrum offers multiple fee options to users for their transactions.

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Leonardo Leonardo Wed Jan 01 2025
One of these options is the Static fee, which remains constant regardless of network conditions.

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TeaCeremony TeaCeremony Wed Jan 01 2025
Electrum transaction fees are calculated based on the number of satoshis per byte.

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