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Author: Admin | 2025-04-27
Fixed fees. Check out the table below for more information: Fee Control How Does It Work? Supported By Full Control These types of wallets allow you to manually adjust your transaction fees. The transaction fee can be as low as 0.00000350 BTC Armory, Bitcoin Core, Bitcoin Knots, Bitcoin Wallet, Enjin Wallet Partial Control These wallets allow you to adjust your transaction fees based on their “recommended” fees. Jaxx, Exodus, MyCelium, Wirex No Control These wallets usually determine the transaction fees based on how busy the network is or straight up offer only a fixed fee. Bitbox 03.FAQ I have forgotten my password. What can I do? If your wallet is HIERARCHICAL DETERMINISTIC you can restore it with your master seed only. If I set too low fee, will my transaction go through? Of course, your transaction will go through eventually, but it might take a long time. The size of the fees in a network determine your priority for the miners. The higher the fee, the faster your transaction will be carried out. What does it mean if my transaction did not arrive? What I can recommend is checking the block explorer and checking the status of your transaction. Usually it just has not received the necessary number of confirmations before it is considered valid. 04.About Bitcoin As it is widely known, Bitcoin is the foundation on top of which the whole crypto sphere evolved into what it is today. Bitcoin is the undisputed goliath securing its number one spot in both market cap and transaction volumes as well as being the most famous digital currency in history. It is also famous for its violent shifts in price also called volatility dipping down and shooting up in price somewhat regularly literally multiplying its market cap in the process. Bitcoin was created and released by Satoshi Nakamoto in 2009. It is unknown up to this day if Satoshi is a single person or a group of people due to the lack of real identity behind the name. It was created with the idea to have a currency that does not require a centralized system like a bank to function and there are no middlemen in the process. The famous blockchain technology allows the network to be secure yet transparent at the same time.
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