BlueWallet’s Approach to Transaction Fees

Transaction fees are an inherent part of the Bitcoin network, and BlueWallet for Android provides users with transparent and intelligent tools to manage them. The wallet does not hide fees or charge any hidden premiums; the fee you see is the fee that will be paid to the Bitcoin network. Its dynamic fee estimator is a key feature, pulling live data from the mempool to provide accurate recommendations for confirmation times. Users are presented with clear options—Low, Medium, High—each with an estimated time and cost. This empowers users to make an economic decision based on their needs. For advanced users, the manual fee option allows for complete control. On the Lightning Network, fees are minuscule and are handled automatically by the protocol. This honest and educational approach to fees helps users understand and participate in the economic incentives that secure the Bitcoin network. To interact with the Bitcoin fee market knowledgeably, use the transparent tools in the honest bluewallet. It treats users as adults capable of managing their own costs.

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