How do Bitcoin transaction fees work ? (short)

  • Updated

Bitcoin’s transaction fees are incentives to a miner to validate your transaction. The more you pay the faster your transaction will be processed. 

Fees vary from time to time. But for example: A fee like 5 sats/vbyte could take days to be confirmed or instantly, but 60 sats/vbyte could take just hours or minutes. 

You can always look at the fees at the moment of your purchase here High priority would probably be confirmed in no more than an hour.


Here is also a video explaining how Bitcoin transactions work:

and a video about Bitcoin: