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# Understanding IRA Miner Fees

**You cannot choose or change the miner fee for an IRA bitcoin sale.** There is no lower-fee or slower-speed option to select for this transaction.

Your transaction preview shows an **estimated miner fee** before you confirm. This fee is deducted from your sell amount and is separate from the Bitcoin Well spread. The miner fee is an estimate, so the final dollar amount may vary.

A miner fee pays the miners who add transactions to Bitcoin’s shared record. Think of the **mempool** as a waiting room for transactions. Each block has limited space, so fees can rise when more transactions are competing for that space. [Learn how Bitcoin transaction fees work](https://help.bitcoinwell.com/en/article/understanding-miner-fees-mv55ia/).

The fee’s percentage tells you how much of your sale goes toward the miner fee. For a small sale, even a modest fee can take a large share. If the warning says the estimated miner fee is **over 50% of your transaction**, that means the miner fee alone is estimated to use more than half of your sell amount.

Before confirming, you can consider two ways to reduce the fee’s impact:

* **Wait for lower network fees.** If you’re not in a hurry, check back when the network is less busy and review a new estimate. There’s no set time for fees to fall, and bitcoin’s price can also change while you wait.
* **Increase the sell amount, if a larger sale fits your plans.** A larger sale can make the miner fee a smaller percentage of the total. This does not necessarily reduce the fee itself. Review the updated estimate after changing your sell amount.

For example, **if the miner fee stayed at $5**:

| Sell amount | Miner fee | Fee as a percentage of the sale |
| ---- |
| $10 | $5 | 50% |
| $100 | $5 | 5% |

*These numbers are examples only and exclude the Bitcoin Well spread. Your actual fee may differ, please refer to your transaction confirmation prior to submitting the order.*

Before you confirm, review the estimated miner fee, the spread, and the amount you’ll receive. If you need help understanding the preview, we’re here to help.