Which fee should I choose for my Bitcoin transaction?
Lumi wallet provides you with 4 options to choose from:
- Regular – takes about 2-24 hours, the amount depends on current network loading. It may vary from 10 satoshi to 250 satoshi per byte, approximately.
- Fast - it might be expensive, but you will get confirmations within an hour, costs depend on real-time network load.
- Cheap but takes time - 1-20 satoshi per byte, this is close to minimum but we do not advise you to use it because it may take days or weeks to be confirmed or it may be even rejected by the network.
- Custom amount - you can input the whole amount of fee in satoshi. We do not recommend you do it if you are beginner, but for advanced users it might be very useful.