How Do Bitcoin Transaction Fees Work?

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Title	:	How Do Bitcoin Transaction Fees Work?
Lasting	:	15.43
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WARNING: There are a number of scammers who are using my image andbrchannel name to try to connect with my viewers on WhatsApp and otherbrplatforms to scam them Just so you know, I will never refer you tobr"my personal trader" or try to connect with you personally to sell youbrsomething I am trying to ban these scammers as quickly as they pop up You canbralways recognize a scammer by clicking on the image and seeing howbrmany videos he has All of these guys have zero videos, while I havebrhundreds I also now have a checkmark next to my name, so that you can distinguish the real Trader University from the imposters
Comment from : Bitcoin University

Please how do you reduce bitcoin fees when using an atm machine 🙏
Comment from : Omolu Prosper

Is it auto reach for the withdrawal fee to be over $3000?
Comment from : Kam Ru

Bit coin fee is about 7 each £1000 Each £1000 invested £39 is buying fee £15-£20 is middle fee and £20 per £1000 is cash out fee So for example if bit coin is at £20000 each The profit would be £50 every £1000 move up Minus the fees So to begin a profit bitcoin must be up about £1500 from £20000 before any profit is made That would be £21500 Per bitcoin for profit to begin If u had bought a whole bitcoin
Comment from : Gnarly

Mobile banking is better?
Comment from : izzat

Please I was told that I should pay a transaction fee and a stamping fee I don't know can anyone help is is scam or not
Comment from : Maryann Chioma

I'd like to get more educated on how to think about fee economics (especially w/ LN) when 1 sat approaches the buying power of today's 1USD How can we think about this being viable? I imagine a world where someone who has a "working class" job being paid in sats, they buy a coffee and the transaction fee cannot be 5-10 of the actual purchase If you did a video on how you see these economics working 10-20-30 years from now, I think a lot of noobs like me could benefit and help further educate our friends and family etc Thanks Matt!
Comment from : Cody Tomblin

Subtitles talking about dragon ball z and the mafia
Comment from : TheTruth2522

The Subtitles are completely off, check it out
Comment from : TheTruth2522

awesome fucking video bretheren, thank you
Comment from : Dimethyl tryptamine

35btc confirm hackerkong🎲🎲🎲
Comment from : Shirley Hayyy

Doesn't explain the $500 fee I paid few times on coinbase for just selling or buying avg $30k ??
Comment from : Doron Matmor

Sir your videos are doing the public a great service Imagine in 10 years when people look at your videos and curse themselves for not paying attention!
Comment from : potatod

Matthew, there are some new tokens out there that are marketed specifically for international payments (XLM) Can you make a video on why BTC is or isn't suited well for remittances? How will BTC compete with these newer, specialized coins?
Comment from : capsitan

Our dear teacher, Matthew! Thank you kindly
Comment from : 99alita

im not Rich Ive only got a few Thousand saved up In Gold and Silver , I suppose I should Start looking Into this Crypto thing Tho , I don"t know much about it , But I herd you say Its Independent of the internet Cos they have there own saterlight and You Just memorize your Passwords or wallet or what ever thats Pretty cool , Im Worried about the Future of Fiet Money
Comment from : Brian Smythe

🙌🏻
Comment from : Donna Susan

Hope there will be a new book, for subscribers and other people not to miss something important Cannot keep up to all new videos
Comment from : Melisa

Well said indeed
Comment from : Alexandrothegreat

i cant move my $10 of bitcoin in binannce, its capped and it cost $20/transaction sending bitcoin, just stay away from binance guys shady weird exchange
Comment from : furqon lanang

Should I cancel my Roth IRA and put it all in Bitcoin?
Comment from : Dani Tha Man

What happens if u use to low of a fee and it doesn't transfer? You said it drops out? Does that mean the transfer is reversed and you get the BTC back? Or is it lost or stuck somewhere?
Comment from : Bit Magnet

Should I deposit my BTC in my trezor into the same wallet address or multiple wallet addresses? Is one way better than the other when it comes to fees?
Comment from : Bit Magnet

Matt, just wanted to express sincere thanks for all you do You clearly put a lot of time and effort into helping educate others - and without any of the BS hype and clickbait nonsense that so many other channels are infested withbrI watch every videoand have learned a ton from you You da man! 👍👍👍
Comment from : Lane G

These people are overpaying for the fees, I usually pay only 05 cent
Comment from : KnowledgeHarvester

Could you make a vedio about utxo management and also privacy how to remain private In that example if I send 01 from the 12 utxo will it add the other one or will I be able to spend one utxo if am sending exact same amount
Comment from : Adh Account

Matt, hope you see this comment Can you do a show soon on how taproot might obfuscate the inputs and outputs on the blockchain? Curious what the blockchain observables will look like starting 11/14/21 when certain privacy features of this softfork are turned on and how to take advantage of them Cheers
Comment from : Schlemmer Maul

Matt how to get your course for 99? can't find the link you mentioned in another video Geo
Comment from : Private Uploads- Geo

Hi Sir , very informative vid! If i buy a bitcoin in many lil pieces on binance and than i transfer to cold wallet does my bitcoin consolidat when i recieve it on cold wallet or did binance already send it in one piece ? If that make any sence ?
Comment from : Razor _Sharp

Please please explain more about UTXO This video really useful, sometimes people see charges of $150 for a single transaction on a storage device, apparently exchanges bundle them up so that was the price per bundle
Comment from : MrFrobbo

Bravo and thank you !
Comment from : ikust007

This was so helpful! I’m about 300 hours into rabbit holes and this was one I had on my to do list Thank you for the clear and effective presentation!
Comment from : Edgar

Didn’t know that DCA transfers into the wallet would increase fees later at withdrawal Can you do a video showing the general approach to consolidating small chunks of bitcoin? Is it just sending a small amount to another address will consolidate all small chunks? With trezor there are many hidden accounts and DCA creates many small transactions
Comment from : Z Car

I don't know why it took so long for fees to click I had googled if the amount of BTC incurred higher fees, but your video didn't exist yet (so I'm glad it explains all that well now)
Comment from : Daniel

severe, sinister poodles
Comment from : Tim Roland

random, vehicular flavourings
Comment from : Tim Roland

Matthew is a logical pragmatist Two qualities that I greatly admire in a man 😁
Comment from : TTocs Elbag

Hey! That’s my block!
Comment from : C Ed

Golden!
Comment from : tungsoltube

Keep making practical use videos like this Your breadth of knowledge is very helpful Thank You
Comment from : MrFrank107

Wait Before you do a consolidation transaction, make sure you don't mix UTXOs that are KYCed with UTXOs that aren't Whenever a transaction appears on a blockchain with many inputs to one output, chainanalysts assume they all belong to the same user
Comment from : 9trogenta

This is amazingly insightful content It’s probably the most important thing I learned today Thanks Matt, you’re one of the trailblazers
Comment from : wannaBtraceur

What happens when the US limits conversion of Bitcoin to other assets?
Comment from : shinvergil

Can you make a video on the Craig Wright court case that began yesterday?
Comment from : Melissa Dickson

Fair and transparent
Comment from : Michael Lee

Very informative, thank you so much!!! 👍
Comment from : Zack Highland

As far as a "consolidation transaction" goes, all I have to do is send a small amount of BTC to another wallet and I'm good to go?
Comment from : DezDakinG

Binance charges 00005 BTC when sending This is about $30 at present Is there any way of reducing this fee?
Comment from : Andy Aungthwin

Thank you Matt, extremely useful!
Comment from : Fabio

Just wanted say Got into BTC a year back Followed lots of shills on yt thank God I came across this channel in Jan Honest and sound content 👌
Comment from : Carl Singleton

How are you able to make so many videos? And all such relevant topics Your work efficiency is impressive
Comment from : Fusion

I compare BTC to a monster block buster Scam and fraud that it is
Comment from : allen schmitz

Great video! Yes, please do a video about Trezor fees So far I've only moved money from Gemini to my Trezor, and I didn't see any way to choose my fee rate
Comment from : fsb2cool2care

Really an excellent service I have learned so much by watching this site Highly recommended for straight, clear talk
Comment from : Up to a point

Great video Matt! Thanks again and everyone have an exceptional Thursday!!
Comment from : AureliusRidge G

Thanks as always great content from Puerto Escondido, Oaxaca, Mexico
Comment from : Beto P

If YouTube ever shuts down you’re channel, will your videos still be free on a website?
Comment from : Oddvar Austrått

❤ IT sharing
Comment from : Romy

Great vid, as always
Comment from : Mords

So that second guy paid $1416 to send about $50 to someone? Am I reading that right?
Comment from : Critical Event

People will look back on Matt's videos in a few years and they will be like damn, he really knew his shit
Comment from : Nathan Waldron

Great video! I've read recently on bloomberg that around 90 of all bitcoin is owned by 2 of crypto users Does this not expose bitcoin to manipulation by whales?
Comment from : Thelast Bosss