THE BITCOIN COMMISSION. WHICH ONE TO CHOOSE WHEN SENDING?

Table of priorities for including a transaction in a block:

Recommended Commission predicted based on the load of the bitcoin network for fast confirmation of Your transaction.

Priority

Amount commissions

Forecast accuracy

Slow

0.0001719 BTC

10%

Standard

0.0002025 BTC

50%

Average

0.00054 BTC

55%

Fast

0.0009 BTC

90%

The last column in the table shows the forecast for a payment with a transaction fee corresponding to this line in the confirmation time interval from 0 to 30 minutes.

Despite the growing popularity of Bitcoin, no mechanisms have been developed yet, allowing you to buy or sell virtual coins to familiar users way. But the demand invariably creates supply, and in the vast global the web has created a lot of sites that specialize in exchange transactions with Bitcoins. Our service also provides similar services. But digital currency is not the only direction of our work. We carry out the exchange of title characters of the popular electronic systems payments to the Fiat currency and make the conversion in the opposite direction, as well as manipulations carried out in the same directions with the use of Bitcoin.

How to exchange bitcoins?

To make a cryptocurrency exchange transaction, the user must fill out a standard application form. It indicates the address of your own digital address the amount of the transfer, as well as the details of the virtual storage belonging to the administration of the exchange resource. In the process of filling out the application, the user must show maximum care. After all an incorrect indication of the recipient"s wallet number will lead to sending virtual coins to an outsider. But a transaction involving cryptocurrency cannot be canceled. Therefore, if you do not want to find yourself in this situation, we recommend that you check the correct information of the application, and then go to payment.

To exchange cryptocurrency, the user needs to open a Bitcoin client, indicate the service"s wallet number, and the transfer amount. For committing operations will have to pay a Commission, the amount of which is determined by the sender. Next, we will take a closer look at how the Commission amount affects the the speed of transaction.

After confirming the transfer, the user must return to the service and confirm the payment by clicking the button «I paid». Only after this the application will be put to work to our operators. The money will be transferred within fifteen minutes after receiving two confirmations from the Bitcoin system. Exactly with the latter usually have to wait a bit. After all, with the increase in the number of cryptocurrency users, the number of committed transactions increases proportionally transactions". Therefore transactions in the network take from twenty minutes to several days. This significant variation is due to the presence of priority transactions, confirmation of which is received from the system as soon as possible. The transfer status is determined by the amount of Commission.

What is the best amount to pay?

A special feature of the Bitcoin system is that the user can set the Commission amount at their own discretion. But from this value the duration of the transfer depends on it. The higher its amount, the higher the priority level of the corresponding transaction and the less time it takes to get it confirmation from the system. In order to make it easier for customers to deal with commissions, we have developed a scheme that clearly shows which fee should be chosen in the one way or another.