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Ethereum Transfer Fee Calculator

Coinbase | Coinbase Pricing & Fees Disclosures

Coinbase | Coinbase Pricing & Fees Disclosures

In general, Coinbase does not charge a fee to use our Hosted Digital Currency Wallet service. Transfers of virtual currency to an address off the Coinbase platform may incur network transaction fees, such as bitcoin miners fees, which Coinbase may pass through to you. Any such transfer fees will be disclosed to you at the time of the transaction. Your exchange rate for buying or selling digital currency through our Conversion Service is calculated as the market rate of the digital currency on Coinbases GDAX platform, plus a spread between 25 to 100 basis points determined by the size of your transaction, market volatility and length of time using Coinbase ("Exchange Rate"). In rare circumstances, the market rate from GDAX may not be available due to outages or scheduled maintenance. In order to provide you with uninterrupted services at such time, we may derive market pricing data from unaffiliated digital currency exchanges. Exchange rates quoted in these circumstances are subject to spread exceeding 100 basis points. The final exchange rate will be quoted to you before you complete your transaction. We charge fees (Conversion Fees) to use the Conversion Service, which vary based on your location, payment method, and other circumstances. In some cases we may charge an additional fee on transfers to and from your bank account. We will always notify you of Conversion Fees and any other service fees that apply to each transaction in the aggregate, in two instances: (1) immediately before you confirm each transaction and (2) in the receipt we issue to you immediately after each transaction has processed. Unless otherwise disclosed to you at the time of your transaction, the Conversion Fees you pay is calculated by one of two methods: Continue reading >>

Crypto Transaction Fees For Beginners

Crypto Transaction Fees For Beginners

Obligatory Disclaimer: To modify a quote from Tim Ferris, I am NOT a financial advisor, and none of this advice should be taken without speaking to a qualified professional first. Also, my results [are most likely] due to pure luck and zero skill. Butthis is working for me. So, youve gotten your hands on your first crypto token. It was a good bit of work. You learned a lot. Maybe you had help from an awesome step-by-step guide , or maybe you figured it out for yourself. Either way, youre a little richer (or a little poorer), and you want to get into the crypto game even deeper. Not so fast! Before you become a seasoned crypto-investor, there is one thing you need to understand in and out: transaction fees. Two of Warren Buffetts most famous investing rules are: 1) Never lose money, and 2) Never forget rule number one. After a crytpo company uses up its hard-earned initial coin offering (ICO) millions, how do they continue to make money? The answer is simple: transaction fees. These fees vary from token to token. Some are more expensive (as of the beginning of June, the average transaction fee for Bitcoin is around $4 !) and some are extremely cheap (DASH and Litecoin transactions fees in June are averaging $0.11 and $0.14 respectively ). The important thing to realize here however, is the real meaning of transaction fee. Lets say that you hold some SiaCoin (SC) on your favorite exchange (mine happens to be Bittrex). You decide you want to convert this SC to DigiByte (DGB), because youve seen it mentioned a lot on Twitter. The steps to do this conversion could look something like this: Withdraw your SC from Bittrex, and send it to ShapeShift (pay a Bittrex withdrawal fee) Convert SC to DGB through ShapeShift (pay a SiaCoin miner fee, and a DGB miner fee) Send your DGB b Continue reading >>

Ethereum Transaction Fees - Calculator : Ethtrader

Ethereum Transaction Fees - Calculator : Ethtrader

Welcome to /r/EthTrader | Foundation Tip Jar | Rules | Policy | Mod Logs | Vote Tracking | News Timeline | Education | Comments RECDAO is a meta-community that seeks to provide Ethereum-based tools for improving how we use Reddit. Pre-register and then register your Reddit username on the Ethereum blockchain, vote in the dao, and be awarded community tokens based on your karma in community subs. Please see the FAQ for more details. TECHNICAL ANALYSIS FUNDAMENTAL ANALYSIS DISCUSSIONS DAPP DISCUSSIONS NEWS DAPP NEWS SCAMS WARNINGS TOKEN WARNINGS SECURITY RELEASE DAPP RELEASE EXCHANGES ADOPTION DAPP ADOPTION SENTIMENT STRATEGY METRICS MINING EDUCATIONAL MEDIA LEGACY DAPP ERC20 TOKEN AUGUR ALTETH ALTCOINS COMEDY SUPPORT TOOL You can correct inaccurate link-flair assignments by typing "[AutoMod]" along with the flair name in a top-level comment, e.g. [AutoMod] DAPP-NEWS. All flair names are capitalized, e.g. use [AutoMod] EXCHANGE instead of [AutoMod] Exchange. Two word flairs require a hyphen in between them. Requires 100 comment karma and 1-month account age. If this feature doesn't work, please message the modmail . Continue reading >>

Calculating Costs In Ethereum Contracts

Calculating Costs In Ethereum Contracts

Thinking, coding, and explaining Ethereum and blockchain technologies. GAS PRICE PSA (20170823): The median gas price at the time of writing this article was 28 Gwei, and continues to be in the realm of 20 Gwei. This is far greater than the typical average and safe-low found on EthGasStation (4 and 0.5 Gwei respectively). The median is so high because of bad gas-price defaults found in many wallets. I highly recommend using EthGasStations average gas-price or lower in order to not pay high fees and to help drive down the market rate for gas-price. UPDATE (2017096): I ported the Google Spreadsheet of OPCODES to a github repo . This repo will be maintained and updated as the yellow paper evolves. What are users storing when they hold Ether? In one sense, they are storing the ability to perform computation on the Ethereum network. This computation is done in a decentralized fashion: A miner executes the computation associated with each transaction being included in a block, resulting in an updated state. Upon successfully mining a block, a miner broadcasts the block to the network. Each of the other miners and non-mining nodes verify the validity of the transactional computation and resulting state change before accepting the block as valid, incorporating the block into their copy of the blockchain, and moving on to the next block. You may have noticed that there is incredible amount of redundancy for every bit of computation on the network. Namely, each node verifies the results of each transaction read: every node runs all of the computation. Ive been researching Ethereum and other blockchain application platforms for a long time now, and rarely, if ever, do people outright say this. Once you get into the more technical side of things, it becomes an obvious feature of t Continue reading >>

Bought Your First Bitcoin Or Ether? Brace For The Fees

Bought Your First Bitcoin Or Ether? Brace For The Fees

Bought Your First Bitcoin or Ether? Brace for the Fees Dec 18, 2017 at 11:30 UTC|UpdatedDec 19, 2017 at 13:03 UTC I sent $25 of Bitcoin from one address (in Coinbase) to another (Kraken). -- Kristian Freeman (@imkmf) December 8, 2017 Ready to send your first bitcoin?That will be $26 please... Sure, that's on the high end of what you might pay to use the bitcoin blockchain today, but if you're new to the world of cryptocurrencies (and haven't invested that much), we understand seeing such a sky-high sum might be a shock. (Sorry, Kristian!) Despite what you might have heard about the "money of the future," the fact is bitcoin (and other cryptocurrencies) are both expensive - and experimental - today. But while this might not be what you're used to (or even what you signed up for when purchasing), looking at the reasons behind blockchain costs can help you understand the technology, its weaknesses and where the ecosystem needs more dedicated minds to improve. OK, so what's with fees in the first place? To start, you're probably thinking this money is all going somewhere. And it is, just not a single place. When you send a cryptocurrency transaction, you're paying for it to be included on the protocol's blockchain, which you can think of as something an official record of every token on the network ever spent (whether it's bitcoin, ether or something more exotic). Rather than holding this at a bank or a credit card firm, this ledger is distributed. This means that should any one computer (or group of computers) go down, the network still has a copy showing that you own your asset. The bad news is you have to pay all those computers to process it. Here, we'll introduce you to the first new person on our journey, the miner (or validator, depending on your network). You don't Continue reading >>

Ethereum: Everything You Want To Know Aboutgas

Ethereum: Everything You Want To Know Aboutgas

Gas keeps Ethereum Blockchain alive, thanks to it we can transfer Ether and other Ethereum tokens such as: GameCredits (GAME), OmiseGo (OMG) or Golem (GNT), it also allows to smart contracts to do their job. In this blogpost Im going to explain: what is Gas? how is it used? and why is it so important for the future of Ethereum? Important: Dont be misled by the Token named GAS which is something completely different. Ethereum blockchain is run by nodes that keep the blockchain state but also calculate new blocks. New blocks are needed to change Blockchains state e.g. move Ethereum from one account to another. Calculation of the new block is made by miners, to cover their effort transaction sender must pay a fee. Transaction fee depends on complexity of transaction sender wants to make, if its a regular send Ether transaction or more complex one like create smart contract (smart contract a special kind of the blockchain account, that can not only keep Ether but also computer program with its state). Sending Ether from one account to the other costs 21,000 Gas. On the other hand creating smart contract which is responsible for handling OmiseGo Token costed 1,197,977 Gas. So the more complex transaction, the more Gas we need to pay for its execution on Blockchain. Main complexity factors are: operations performed by the smart contracts code e.g. arithmetical operations data that is stored on blockchain e.g. storing information in the smart contract or updating an amount of Ether on the account We know more or less what Gas is, but how much does it cost? The answer is as always it depends. Each transaction sender (e.g. person who is sending Ether) is defining price of Gas for created transaction (e.g. 1 Gas = 0.000000001 ETH). If the price is high enough, transaction will b Continue reading >>

How Does Exodus Calculate Fees?

How Does Exodus Calculate Fees?

Exodus tracks changes in the Bitcoin network and adjusts the fees accordingly using the dynamic pricing model from: . These network fees are 100% paid to the bitcoin network to ensure Exodus transactions are fast and delivered promptly. 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: Most users of Exodus are 100% new to blockchain assets and are not technically savvy. As a result, when we set the fees at a lower amount (or begin to give the user a choice on what fee to set) they ultimately will choose a lower fee without the understanding this could cause the transaction's confirmation to be delayed for hours, sometimes days. If being able to manually set a low fee is important 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. Electrumis awesome for highly technical details like this. With the current market reach of Exodus, and the nature of our community's user-base, this will not be a focus for our wallet anytime soon. Continue reading >>

Network Transaction Fees Crypto Voices

Network Transaction Fees Crypto Voices

Green area: Total transaction fees per day, in US$; Blue line: Average transaction fee, in US$. Green area: Total transaction fees per day, in coins; Blue line: Average transaction fee, per byte of data accepted into each block, in coin's smallest denomination (except in Ethereum's case). Note that Ethereum's total network "transaction fees" are calculated by a two-step process. First, you need to understand the "gas"price. This is an extremely small figure, intended to be decoupled from ether's market price. Here we are measuring it in szabos, which amounts to 0.000001 ether per 1 szabo. Ethereum's denominations actually go much smaller than this, down to something called wei. One ether would amount to 1e18 wei; or a 1 with 18 zeros behind it. In any event, after the average gas price is understood, one would need to multiply this price by the total amount of gas units purchased in each block. Users must purchase any number of "gas" units to run different computations and contracts on Ethereum's network. The market history of both these figures is graphed below. Here, we can also see the dynamic limit that Ethereum places on gas units which can be purchased in each block. This limit is set dynamically by miners. Both are reflected in the right axis. As discussed in the network cost / block reward section, the "block reward"is essentially a revenue item for miners, and a cost item for the rest of us. Remember, it usually compromises both inflation (newly "mined" coins) and some form of transaction fees. This section isolates and graphs transaction fees only. Typically, miners choose which transactions they want to include in each block, based on how high their transaction fees are. The higher the transaction fee, the more likely your transaction is to be included and e Continue reading >>

How To Calculate The Amount To Transfer To Completely Empty An Account?

How To Calculate The Amount To Transfer To Completely Empty An Account?

So let's say my wallet is 1 eth, I need to completely empty it and I'm going to do it this way Yes. You will need to figure out how much gas (in ETH) the transaction will cost, but luckily simple ETH transfers are exactly 21,000 gas (I think, double check this number). This means to know how much ETH will be spent on gas you will need to multiply that by the chosen gas price (e.g., 10^10). So your calculation will need to look something like this: var gasPrice = 20*10**9;var gas = 21000;var attoethForGas = gasPrice * gas;var amountToSend = web3.toWei(1) - attoethForGas; If I take this gas as 5000 and I can't completely empty my accountunused gas is refunded D.Doy Aug 1 '17 at 3:10 @D.Doy I updated the answer to include a code example, let me know if that helps clear things up. Micah Zoltu Aug 1 '17 at 3:13 Thank you for your answer, but it seems that it didn't prevent the refund from gas too big. If it were to be cleared, do I have to make gas small enough? D.Doy Aug 1 '17 at 5:43 Hmm, I'm not sure what your problem might be, I'm reasonably confident that the above is the way to send everything. Can you share the code you have that isn't working? There should be no gas refund for an ETH transfer, even if it zeros out the balance. Micah Zoltu Aug 1 '17 at 14:20 Continue reading >>

Ethereum: Ether, Ether Gas, Gas Limit, Gas Price & Fees [all You Need To Know To Get Into An Ico]

Ethereum: Ether, Ether Gas, Gas Limit, Gas Price & Fees [all You Need To Know To Get Into An Ico]

Ethereum: Ether, Ether Gas, Gas Limit, Gas Price & Fees [All you need to know to get into an ICO] By: Sudhir Khatwani In: Ethereum Last Updated: The other day I was preparing to participate in an ICO that required me to contribute in Ether (ETH). The ICO was on Ethereums blockchain which meant that I needed to send my Ether (ETH) to an Ethereum smart contract address. Soon after that, I figured out thatMyEtherWallet (aka MEW) is one of the best Ethereum wallets that supports smart contracts , so I started preparing my MEW for the ICO. And as I have advised you to in my DApps write-up to read and understand the ICO requirements thoroughly, I did the same and went to the official ICO website to know what was required of me. There I encountered that the ICO required a minimum recommended Gas Limit of 200000 and a Gas Price of 70Gwei which should convert into fees of 0.014 Ether (ETH) or $3.15. At that time, these terms of gas limit and gas price were alien to me. Nevertheless, I did my due diligence and successfully participated in the ICO. It was when I was doing my due diligence and researching these terms that I realized that they were all explained in a very technical way, and there was a lot of confusion around them. Moreover, its very important to understand these terms if you want to participate in an Ethereum-based ICO. Now that the ICO has concluded, I thought of introducing these terms to you in a more non-technical manner so that no one in the CoinSutra community is left behind. But before that, I think a quick recap of Ethereum, Ether, and ICOs will be helpful. Ethereum is a blockchain-based platform on which anyone with knowledge of the Solidity language can write autonomous smart contracts and also create decentralized applications (aka DApps). The official Continue reading >>

Ethereum Gas For Dummies

Ethereum Gas For Dummies

Ive been trying to figure out what Gas means in Ethereum. There is lots of information out there but I will add to it by describing what I found in my own words. Gas is just a unit of currency, like a token. It is used to set a price on different types of code execution inside the Ethereum Virtual Machine (EVM). For example, saving a variable cost 100 gas; executing an IF statement cost 1 gas. There is a list of how much gas things cost here . In a typical transaction you would say something like method.sendTransaction({from:eth.accounts[0], gas:300000}) The gas part of that statement means that you are willing to spend up to 300,000 of these gas tokens in executing this method. Now, there is another, optional, parameter in that statement, which is gasprice. This is the price in Wei that you are willing to pay for each gas token. If gasprice is not specified, then a default value is used. At the moment that value is 10 szabo, or 0.00001 Ether. Contracts on the Ethereum blockchain are of varying sizes and complexity. Therefore, a miner who is investing their computing power executing a method (a part of a contract) needs to be rewarded according to how much of that power they need to use. By inserting an amount of gas and a gasprice, you are signalling to the miner how much reward they can reap from running your code. This is fundamentally different to the Bitcoin blockchain, where the vast majority of code executions are identical (transferring bitcoin from one wallet to another) and therefore miners can predict how much it will cost them to execute every transaction in a block. So, going back to our example, when you send in the above transaction, the paying account (eth.accounts[0]) is deducted 300,000 * 0.00001 ETH, i.e. 3 ETH, and that value is sent in with the met Continue reading >>

Ether - How Are Ethereum Transaction Costs Calculated? - Ethereum Stack Exchange

Ether - How Are Ethereum Transaction Costs Calculated? - Ethereum Stack Exchange

How are Ethereum transaction costs calculated? I'm in the process of learning blockchain technology for a client of mine. I understand the concept of "gas" in computational costs. We are looking at creating a crypto-currency as an alternative to using a traditional payment platform for a closed loop solution. I want to get a feel for the "transaction cost" associated with a simple payment transaction using the ethereum network.I find the calculation method not totally clear. Can anyone help? is the cost of a simple transaction the same 21,000 for sending any number of ethers? the same for sending 1 ether as for sending 500 ether? brosen Jul 22 '17 at 22:30 Simple transaction that transfers value but have no additional data and not triggers any EVM code (the recipient is not a smart contract) consumes exactly 21000 units of gas. You just need to know the gas price to calculate the cost of the transaction. The default gas price was 20 Gwei (20 * 10-9 ETH), but it is recommended to use lower value now. Check out ETH Gas Station service for up-to-date statistics about gas price. You can also optimize costs by sending multiple payments in a single transaction, using a simple smart contract. Not going into the details, a single payment within such transaction will cost you ~10000 units of gas. How would you send multiple payments in a single transaction, using simple transactions. I know this is easily done from a smart contract, but have not seen any code for combined simple transactions. BokkyPooBah Jun 10 '16 at 8:29 @BokkyPooBah, you have to use a contract for this, there is not other option. Pawe Bylica Jun 8 '17 at 10:13 How can the price of sending via a contract be constant (10000 units)? Each send instruction will consume some gas so it should go linearly with the n Continue reading >>

This Coinbase Trick Will Save You On The Fees

This Coinbase Trick Will Save You On The Fees

This Coinbase Trick Will Save You On The Fees By The 'Stache on Sunday, September 3, 2017 Since I got started in Bitcoin in early 2014 I have had an account over at Coinbase. They are a US based company and they have been established as one of the most trusted sites out there. While there certainly is a love hate relationship some people have with them, their platform is solid and great for beginners in cryptocurrency. I will show you a quick trick to save on the fees from Coinbase , but still take advantage of the platform. While I am a fan of Coinbase as a great place to start off when first getting into crypto, I am not a fan of the very large fees they charge for most of the services on their site. We are talking 4% fees on many transactions... No matter if you love Coinbase or you hate Coinbase, no one likes high fees. While scouring the internet I found an easy peasy trick that will save you a TON of the fees. Enter in GDAX. GDAX.com is Coinbase's very own exchange. You can only trade BTC, ETH, & LTC for now on GDAX, but there is an instant connection between your Coinbase account and a connected GDAX account. I am going to walk you through the process of turning USD into Bitcoin for super low fees compared to the normal Coinbase fees you would incur. The first thing you want to do is open your Coinbase account and then go to the Accounts page. Find your "USD Wallet" and click on Deposit. You can fund your USD wallet from your bank account, a wire, or even a credit card and this is free. Different options take a different amount of time, I was not in a hurry so I used my bank account. Now that your USD Wallet is funded it is time to head over to GDAX.com and sign up for your account. Opening an account should be easy if you were signed into Coinbase still. Now th Continue reading >>

Bitfinex - Our Fees

Bitfinex - Our Fees

Maker fees are paid when you add liquidity to our order book by placing a limit order under the ticker price for buy and above the ticker price for sell. Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order of the order book. Note: If you place a hidden order, you will always pay the taker fee. If you place a limit order that hits a hidden order, you will always pay the maker fee. The Bitfinex OTC Desk allows traders to make large trades directly with a counterparty without having to hit the public order books. For instant to access liquidity or more information, log in and visit The OTC Desk . There is no trading fee for OTC trades brokered by the the OTC Desk . For other OTC trades there is a fee of 10 basis points on both sides. Note: Deposit errors (e.g., depositing BCH to a BTC address and vice versa) are subject to a $150.00 fee. Deposit errors may be recoverable by us. However, not all error deposits are recoverable; recovery of a deposit made in error is not guaranteed. Please exercise extreme care when depositing funds. *A Small Deposit Fee is applied on deposits less than a 1000 USD equivalent. Many small deposits create an excess of tiny wallet inputs that can accumulate, requiring wallet input consolidation maintenance and eventually delaying customer withdrawals. In an effort to keep withdrawals flowing smoothly for all customers, avoid sending many small deposits. Instead, batch smaller deposits together into larger amounts. Continue reading >>

Guide To Ethereum: What Is Gas, Gas Limit And Gas Price?

Guide To Ethereum: What Is Gas, Gas Limit And Gas Price?

Guide to Ethereum: What is Gas, Gas Limit and Gas Price? Smokescreen no more By Aziz, Founder of Master the Crypto No responses Home Ethereum Guide to Ethereum: What is Gas, Gas Limit and Gas Price? This article breaks down the concept of gas, gas limit and gas price, which is a central feature of the Ethereum (ETH) Blockchain and ecosystem. If youve performed a simple transfer of Ether (ETH) from one place to another or participated in an Initial Coin Offering (ICO) , then chances are youre exposed to the concept of gas in the Ethereum network. Understanding the mechanics of gas and the associated terms gas limit and gas price is a crucial element to executing your ETH transactions. But before delving into the details of gas, its important to have a basic understanding of Ethereum. (Read more: Coins, Tokens & Altcoins: Whats the Difference? ) Ethereum is a giant network consisting of a huge number of computers connected together. This large, interconnected web of computers is called the Ethereum Virtual Network (EVN) essentially a global, supercomputer where all transactions occurring in the Ethereum network are updated and recorded into each computer. Ether (ETH) is the native currency of the Ethereum blockchain and is used as the fuel for the network. ETH is not to be confused with Ethereum Classic ; the latter is a fork of the Ethereum Blockchain. Heres a guide to understanding forks, hard forks and soft forks . A revolutionary functionality of the Ethereum blockchain was the introduction of smart contracts. Smart contracts are any contracts that have been pre-programmed with a set of definitive rules and regulations that are self-executing, without the need of any intermediaries. Therefore, with any given inputs, there will be a known output. As they say: Heres si Continue reading >>

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