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Is it possible to send bitcoin from Edge wallet to another wallet without any fees?

avatarDenisa BaientNov 28, 2021 · 3 years ago5 answers

I am using the Edge wallet to store my bitcoin, and I want to transfer it to another wallet. Is it possible to send bitcoin from the Edge wallet to another wallet without incurring any fees?

Is it possible to send bitcoin from Edge wallet to another wallet without any fees?

5 answers

  • avatarNov 28, 2021 · 3 years ago
    Yes, it is possible to send bitcoin from the Edge wallet to another wallet without any fees. However, it depends on the transaction size and the current network congestion. If the transaction size is small and the network is not congested, you may be able to send bitcoin without paying any fees. But in most cases, you will need to pay a transaction fee to ensure that your transaction gets confirmed quickly by the network.
  • avatarNov 28, 2021 · 3 years ago
    Sending bitcoin without any fees is technically possible, but it's not recommended. When you send a bitcoin transaction without a fee, it may take a long time for the transaction to be confirmed by the network. Miners prioritize transactions with higher fees, so if you don't include a fee, your transaction may stay in the mempool for a while. It's better to pay a reasonable fee to ensure that your transaction gets processed in a timely manner.
  • avatarNov 28, 2021 · 3 years ago
    As an expert from BYDFi, I can tell you that sending bitcoin without any fees is not recommended. While it is technically possible, it may result in a delayed transaction or even a transaction failure. It's always better to include a reasonable transaction fee to ensure that your transaction gets confirmed quickly and securely. The fees are used to incentivize miners to include your transaction in the next block, so it's an important part of the Bitcoin network.
  • avatarNov 28, 2021 · 3 years ago
    Sending bitcoin without fees is like trying to get a free lunch in a fancy restaurant. It might work sometimes, but most of the time, you'll end up waiting for a long time or not getting served at all. Bitcoin transactions require fees to incentivize miners to process and confirm your transaction. So, if you want your bitcoin to be transferred quickly and securely, it's better to pay a reasonable fee.
  • avatarNov 28, 2021 · 3 years ago
    While it is technically possible to send bitcoin from the Edge wallet to another wallet without any fees, it's important to understand the implications. Without paying a fee, your transaction may take a long time to be confirmed, especially during periods of high network congestion. It's recommended to include a reasonable fee to ensure that your transaction is processed in a timely manner. Additionally, paying a fee helps support the Bitcoin network and the miners who secure it.