![]() Mempool and ETA suggest suitable fees based on fee market conditions.It does not take market conditions into account. Static is essentially a fixed range of 1-300 satoshis per byte.There are three options for fee estimation algorithms that you can choose using the selection list next to the slider: The further to the left you drag the slider the lower the fee but the longer the transaction takes to confirm and the opposite is true for the right side. The fee slider, shown below the fee field in the screenshot above, is Electrum’s way of suggesting a suitable fee based on market conditions. So how long will your transaction really take to confirm? Because of the decentralized nature of the bitcoin network there is no way to tell with certainty. Once you’ve set a suitable fee click finalize, then sign and finally broadcast. The recipient gets 0.02btc, the fee is 294 satoshis and the total cost to the sender is 0.02000294 btc. In the transaction shown in the screenshot above the recipient’s address is the first output while the others are change addresses belonging to the sender’s wallet. ![]() There are 100,000,000 (100 million) satoshis in a bitcoin. To control how much you spend in fees you click pay and then advanced to see this window:Īs you can see fees depend on the size of your transaction in bytes and the fee rate in terms of satoshis per byte. The amount you enter there is the amount the recipient gets. The form on the send tab is used to send money. If you have an older version you will need to upgrade. Note: This guide has been updated to reflect changes made in Electrum 4.0.1. Sweeping your private keys into Electrum.Restoring your standard wallet from seed.Restoring your MultibitHD or BRD Wallet in Electrum.Importing your private keys into Electrum.How to use the Electrum label sync plugin.How to switch to a different Electrum server.How to spend specific UTXOs in Electrum.How to spend from an offline paper wallet using Electrum.How to recover access to the bitcoins in your 2fa wallet.How to install Electrum on a Debian or Ubuntu live CD.How to do a manual Child Pays For Parent transaction.Creating a watch-only version of your 2fa wallet.Creating a P2SH Segwit Wallet with Electrum.Creating a Cold Storage wallet in Electrum.
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