Current Bitcoin Network Data
Here are the latest Bitcoin transaction fee rates as of today:
- Fastest Confirmation (10 mins): 3 sat/vB
- Half-Hour Confirmation: 1 sat/vB
- Hour Confirmation: 1 sat/vB
- Bitcoin Price: $107,435
Conversion Tools
Sats to BTC to USD Converter
Quickly convert between satoshis, Bitcoin, and US dollars based on current market rates.
How Bitcoin Transaction Fees Work
Transaction Size Basics
Fees depend primarily on transaction size (measured in vbytes) and network demand. Larger transactions or busier networks require higher fees.
Key Components:
- Inputs: References to previously received BTC
- Outputs: Recipient addresses + change
- Witness Data: Digital signatures (discounted in SegWit/Taproot)
Fee Calculation by Transaction Type
1. Legacy (Non-SegWit) Transactions
| Type | Size (vbytes) | Fee Multiplier |
|---|---|---|
| Single-Signature | 226 | 1x |
| 2-of-2 Multisig | 334 | 1.48x |
| 2-of-3 Multisig | 367 | 1.62x |
Example: At 5 sat/vB, a 2-of-3 multisig pays ~1,835 sats (367 × 5).
2. SegWit Transactions
| Type | Size (vbytes) | Fee Savings |
|---|---|---|
| Single-Sig (P2WPKH) | 140.5 | ~38% |
| 2-of-2 Multisig | 212.5 | ~36% |
| 2-of-3 Multisig | 227.5 | ~38% |
Why cheaper? SegWit discounts witness data by 75%.
3. Taproot Transactions
All transaction types (single-sig, 2-of-2, 2-of-3) average 153.75 vbytes—making multisig as efficient as single-sig!
Accelerating Stuck Transactions
Free Accelerators:
- BitAccelerate
- BitcoinJumper
- CoinSamba
- TXBooster
Tip: Check mempool.space for real-time network status.
FAQs
Why are my fees higher than estimated?
Network congestion varies. Always check current rates before sending.
How do I calculate fees manually?
Fee = (Transaction Size in vbytes) × (Fee Rate in sat/vB)
Are SegWit addresses cheaper?
Yes! They optimize space usage, reducing costs by ~30-40%.
What’s the difference between bytes and vbytes?
- Bytes: Pre-SegWit measurement (1B = 1 unit).
- vbytes: Post-SegWit weighted units (4 WU = 1 vbyte).
Advanced Tips
- Batch Payments: Combine multiple sends into one transaction.
- Coin Selection: Prioritize larger UTXOs to reduce input count.
- Fee Brackets: Use "hour" rate for non-urgent transactions.
Pro Tip: Wallet apps like Sparrow or Electrum let you customize fee calculations.
Data Source: Mempool.space | Created by BitcoinLearning.org