Cryptocurrency Q&A
Can you increase Bitcoin transaction fee?
Can you increase Bitcoin transaction fee?
Eleonora
Thu Dec 12 2024
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6 answers
1310
I am considering increasing the Bitcoin transaction fee for faster confirmation. Is it possible to manually adjust the transaction fee when sending Bitcoins, and if so, how can I do it?
6 answers
Margherita
Fri Dec 13 2024
It's important to note that you can only increase the fee for unconfirmed transactions.
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Chloe_jackson_athlete
Fri Dec 13 2024
Bitcoin miners have a specific criterion when selecting transactions to include in a block.
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Paolo
Fri Dec 13 2024
They prioritize transactions with higher fees over those with lower fees.
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Chiara
Fri Dec 13 2024
Once a transaction is confirmed, you cannot change the fee.
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Elena
Fri Dec 13 2024
This means that if you want your transaction to be processed sooner, you should set a higher fee.
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