Ideal fees for bitcoin transaction?

[Razor1911]

The fees for transaction in bitcoin is actually not charged by wallet. The sender himself decides the fees of the transaction. You may set fees to as low as 1sat/byte which is merely approx 10 cents or you may chose even 100 satoshi per byte which will cost you around 10 USD. But how to decide how much you should set the fee?

The best way is to check the current market fee is in the website mempool(dot)space. It is a realtime transaction monitoring service and provides the current market fees per transcation transaction. There you can check the current fees for medium priority and high priority. You can chose the fees according to the priority of your transaction. It helped me a lot in saving unnecessary fees for my transactions.

 

[Foxalive]

Hey yo, you are completely right, bitcoin transactions do not involve fees or service charges using third-party providers, but the bitcoin mixer services that I use pretty often have fixed transactions fees.