What are Bitcoin Transaction fees

bitcoin Fee Kian Crypto

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Transaction fees are included with your bitcoin transaction in order to have your transaction processed by a miner and confirmed by the Bitcoin network. The space available for transactions in a block is currently artificially limited to 1 MB in the Bitcoin network. This means that to get your transaction processed quickly you will have to outbid other users

  ?  Which   fee   should   I   use

The fastest and cheapest transaction fee is currently ۲۱۶ satoshis/byte, shown in green at the top
For the median transaction size of ۲۲۴ bytes, this results in a fee of ۴۸,۳۸۴ satoshis

Please note that many wallets use satoshis-per-kilobyte or bitcoins-per-kilobyte, so you may need to convert units

?  What   are   the   fees   shown   here

The fees displayed here are Satoshis (0.00000001 BTC) per byte of transaction data. Miners usually include transactions with the highest fee/byte first
Wallets should base their fee calculations on this number, depending on how fast the user needs confirmations

What   does   the   delay   mean

The delay shown here is the predicted number of blocks the transactions will take to confirm. If a transactions are predicted to have a delay between 1-3 blocks, there is a 90% chance that they will be confirmed within that range around 10 to 30 minutes
Transactions with higher fees will often have 0 delay, which means they will likely be confirmed with the next block usually around 5-15 minutes

?  How   is   the   delay   predicted

The predictions are based on blockchain data of the last 3 hours, as well as the current pool of unconfirmed transactions mempool
First, a likely future mempool and miner behavior is predicted using Monte Carlo simulation. From the simulations , it can be seen how fast transactions with different fees are likely to be included in the upcoming blocks
The predicted delay shown here is chosen to represent a 90% confidence interval