Network Fee

Network fee is included in your transaction in order to have your transaction processed by a miner and confirmed by network.

Bitcoin QR code icon

Contents

The space available for transactions in a block is currently artificially limited to 1 MB. This means that for your transaction to be processed quickly you will have to outbid other users. A transaction fee depends on two factors: the size (length in bytes) of the transaction; and the prevalence of the Network Fee. Network Fee is a floating value that increases and decreases in response to network transaction volume. Network Fee is calculated by statistical analysis the number of blocks.

Estimates the approximate fee per kilobyte needed for a transaction to begin confirmation within target blocks if possible and return the number of blocks for which the estimate is valid. Uses virtual transaction size as defined in BIP 141 (witness data is discounted).

Fee type  
Normal (by default) Current minimal fee rate.
Priority A priority estimate potentially returns a higher feerate and is more likely to be sufficient for the desired target, but is not as responsive to short term drops in the prevailing fee market.

Simple requests:

{currency}, string Currency type: btc, ltc, bch, doge

Success response:

[
  {
     "strategy": "normal",
     "rate": 1
  },
  {
     "strategy": "priority",
     "rate": 1
  }
]

Error Response

Playground and Code examples:


Format and Variables:
Parameter Experiment with a value
{currency}
Reset Values Execute
Response from server:
[ { "strategy": "normal", "rate": 1 }, { "strategy": "priority", "rate": 1 } ]