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Bitcoin Transaction Fee Calculator

Bitcoin transactions are becoming more expensive: average fees and closing times have increased significantly as the use of cryptocurrencies has increased without correspondingly increasing network processing power. For example, a Bitcoin network can generate very high transaction costs when working at full capacity. According to Blockchain.info, the average transaction fee for Bitcoin transactions increased from $0.36 per transaction to $26.6 per transaction on December 31, 2017. As of August 31, 2018, the average transaction fee for Bitcoin transactions was $0.74 per transaction.

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On December 27, Reddit user u/normal_rc reported that Electrum's wallet had been hacked and that nearly 250 bitcoins (243.6 BTCs, nearly $1 million) had been maliciously stolen, coinelegraph reported. Electrum then confirmed that the attack included creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that "this is a persistent phishing attack on Electrum users" and warned users not to download Electrum from any source other than the official website.