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Why would I change my fee settings?
Why would I change my fee settings?
C
Written by CL - Bitcoin Well
Updated over a week ago

Your account’s default fee settings are “Low - free”. This means your blockchain transaction is on us and will be sent out during our routine transaction batching. Most of the time (see image), bitcoin fees are low and a “Low - free” setting will have your bitcoin arriving within an hour. The “Low - free” setting is great because it saves you bitcoin!

Changing your fee settings allows you to pay more and receive your bitcoin faster, even if fees are bogging down the speed of low priority transactions. A higher fee will elevate your transaction priority, sending your bitcoin faster.

Your account’s default fee settings are “Low - free”. This means your blockchain transaction is on us and will be sent out during our routine transaction batching. Most of the time (see image), bitcoin fees are low and a “Low - free” setting will have your bitcoin arriving within an hour. The “Low - free” setting is great because it saves you bitcoin!

However, sometimes fees are elevated and you have a time sensitive need for your bitcoin - no problem. You can change your fee settings to suit your urgency.

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