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I just can't get it that's why I asked. Please tell me, What would be be the cost if I send one million sats to my wallet?
Given a tx with 1 input and 1 output, onchain size would be 192 vbytes.
192 vbytes x 5 sats/vbyte = 960 sats = 65 cents at $68k/btc
So, this means that if I transfer 1 BTC to my Cold Wallet, it would cost me only 960 Sats?
Depends on the number of inputs/outputs and script type. But yea, it's independent of amount. Use the calculator.
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Ligma says otherwise.
I can't tell you exactly what it would cost, but it would be as cheap as I can remember it in the past few years. Of course part of it could be fiat price, but if I recall correctly when prices were at or near this level in 2021-2022 fees were far higher.
Ohk! Thanks! Will make a transfer in one or two days and will know.
Doesn't matter how much you send. It matters how many inputs/outputs. 1 input and 1 output costs around 4-500 sats at the moment.
looking at joho 24hr by count, it looks like next block confirmation is around 4-5 sats per vbyte at the moment
https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,count
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i see you are a man of culture aswell 👍
https://m.stacker.news/42083