Monero Stack Exchange
Monero Stack Exchange

Questions tagged [transaction-fees]

Fees paid by the sender to the miner as payment for confirmation of the transaction on the Monero network,

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Why are the fees hard coded?

Most cryptocurrencies let you choose your fee. Why does Monero use a hard coded fee? Edit: Or rather I should say why is the minimum fee hard coded.
Christopher King
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Will the dynamic fee algorithm under development be a wallet side calculation or it will be a consensus rule?

Will the dynamic fee algorithm under development be a wallet side calculation or it will be a consensus rule? I ask that question because if the dynamic fee algorithm is a censensus code rule, making adjustments on it will require hard/soft fork and…
ant Bldel
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How to calculate exact Monero transaction fee?

I assume that transaction fee is deducted from the transaction amount, i.e. if Alice sends Bob 10 XMR, then Bob will receive (10 - tx_fee) ~ 9.x XMR I don't know how precise https://www.monero.how/monero-transaction-fee-calculator is, but from…
lessless
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Why does monero have higher transaction fees than bitcoin?

median and highest fees source: monero.how
Tok Jingga
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Are there any fair strategies to dynamically adjust the transaction fee?

As of writing this the transaction fees are 0.01 XMR per KB. This was a reasonable fee when Monero was worth less, however, if XMR retains it's new found value or continues to rise in value against BTC or USD that transaction fee could prevent some…
GooseBear
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Why are Monero fees visible?

I was checking in moneroblocks.info some random transaction just to see how they are composed, and I noticed that while the amounts are confidential, the fees are on clear and not obfuscated. Isn't there any method to make an estimate of the amount…
giacom0c
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Is the high transaction fees problem addressed in the upcoming monero v7 upgrade?

I've read the official release notes for Lithium Luna but there is no mention of any solution for the problem. At the same time I saw on twitter/forums some devs comment that it is addressed. Does someone have more information on this topic? Are…
Ognyan
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Why can I not choose my own custom transaction fee? Does this affect privacy in anyway?

I was just wondering why users do not have the ability to have their own custom fees and if by allowing users to choose their own fees would this badly affect privacy in anyway?
samwellj
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What's the smallest transaction you can send?

For example, what if I want to send a person 0.001 USD in Monero to his wallet, would it be possible?
UsernameVF
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how is the transaction fee calculated?

I've tried Monero-wallet-cli, and following are two transactions: 0.01 XMR by 526 bytes: http://moneroblocks.info/tx/99dae4c9ec68c8b4eb7f9f40a2c01f481d3b979ce97b5e0b2b5f55c759be11f6 0.008 XMR by 3709…
Ben P.P. Tung
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Transaction fees are very high for small transactions

Transaction fee are currently fixed (around 0.002 XMR/kB) which is penalising for small transaction (0.026 XMR/TX). Buying an item for 0.2 XMR incurs a transaction fee of 13% which I would call confiscatory. I understand that the current system is…
assylias
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Who pays Transaction fee?

If I want to send someone $20 worth of monero and the transaction fee is $10, does that person only get $10 or the full $20 and I pay the $10, so I would end up paying $30 for a $20 transaction? Thanks,
Andrew Admire
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What is the lowest fee one can pay to make a monero transaction?

Is it possible to make a transaction without paying a fee or what is the lowest fee amount one can send with? How long does it take to get your coins back if the network does not accept your transaction?
Patoshi パトシ
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What are the standard fee multiplier levels?

In the GUI wallet the fees are written as Slow: x0.25 Normal: x1 Fast: x5 Fastest: x41.5 But I just made two transactions with slow and normal fee respectively and the slow fee was 1/5 of the normal fee. Does anyone know the real levels?
PyrolitePancake
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Does the Monero default client deduct the fee from the sent amount?

Will the transaction fee be automatically added when I transfer some moneros with the default wallet (client) i.e.: 2 XMR to be transferred + 0.01 fees (depending on speed and obfuscation level) 2.01 are used from my balance ?
Martin.Martinsson
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