Unlike most exchange platforms, the Exodus wallet does not keep any of the fees charged for sending Bitcoin BTCEthereum ETH or any other cryptocurrency coin or token! The use of any digital asset network Bitcoin, Ethereum, etc.
This fee does not go to Exodus, but is paid to the network to ensure transactions are delivered reliably and quickly. Digital asset networks require a small fee to make it hard for any one user to flood the network with junk transactions causing others to have to wait. If sending transactions were free, one bad user could damage the network speed and reliability for everyone. Popular networks are crowded and thus fee bitcoin wallet expensive.
Today, Bitcoin is the most popular network and has the highest fees of any digital asset supported by Exodus. Bitcoin fees are calculated on the amount of traffic the network currently has and the size in bytes of the transaction.
A transaction's size is dictated fee bitcoin wallet the number of inputs and outputs. The more inputs you have, the more expensive the transaction. One of the easiest ways to think about this is with change and dollars. One dollar is the same as pennies, however, it requires more work to fee bitcoin wallet pennies and give it to someone fee bitcoin wallet payment than it does to hand over a one dollar bill.
Bob receives a payment of 1 bitcoin once. Both Fee bitcoin wallet and Fee bitcoin wallet now have a 1 bitcoin balance. If Alice and Bob now fee bitcoin wallet to send 1 bitcoin, Alice will have a much larger fee than Bob. Bob who just has 1 input. This is similar to a person who tries to spend pennies vs.
Both have the same value, but the pennies are much harder to count, fee bitcoin wallet it takes fee bitcoin wallet lot longer to count them and make the transaction. Fee bitcoin wallet tracks changes in the Bitcoin network and adjusts the fees accordingly using the dynamic pricing model from: Exodus does not keep any portion of this fee. We have done extensive testing over the years to make sure bitcoin transactions are delivered the fastest way possible.
Because Exodus prioritizes speed and reliability over low fees, Exodus will always dynamically set the best price to deliver your transactions as fast as possible. This may be worth checking out to learn more about Bitcoin fees: Ethereum has a different fee calculation, based on the type of transaction being sent: You will pay a larger fee if sending to a 'smart contract' address, or if sending an ERC20 Ethereum based token.
More info on Ethereum and ERC20 token transaction fees can be found here: If being able to manually set a low fee is fee bitcoin wallet to you, Exodus is not a good software choice and we encourage you to use other bitcoin wallets.
The good news is there are a lot of highly technical BTC wallets much better than Exodus in this regard. With the fee bitcoin wallet market reach of Exodus, and the nature of our community's user-base, this will not be a focus for our wallet anytime soon. If you receive small payments over time from a mining contract, you are like Alice in the above example section: When you send these dozens of small inputs, the Bitcoin network requires these inputs be smushed together and batched into one payment, which takes up data on the blockchain.
The fees on these transactions are far higher than those for sending a more reasonable, input transaction. In a few cases, the fee required to send your Bitcoin is even higher than your Bitcoin balance.
Does Exodus have fees to send or receive? How does Exodus calculate fees? I receive BTC mining payouts. Why are my fees so high? Last updated on June 24,
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