BTC.com, the popular bitcoin wallet application from Bitmain Technologies announced today it has released updated options for Bitcoin network fee transactions in order to give users more liberty to choose the preferred fee that best fits a particular purpose of a transfer.
Obviously, due to the increased Bitcoin transaction fees, many other wallets have implemented enhanced fee option features in past months.
Currently, the new levels are only available for web wallet users, but soon they will be implemented for mobile apps.
Now with BTC.com’s wallet, instead of the previous 2 levels (Low fee — slower and Optimal — higher), users can choose between 3 options:
- Low: Pay the lowest fee when you have time to wait for your transaction to confirm. This options saves cost but can lead to high waiting times.
- Optimal: The middle ground, where you pay a higher fee than in the “Low” category but you can expect a shorter confirmation time.
- Priority: Do you need to push your transaction fast? Then “Priority” is the right choice. Bear in mind, however, that priority transactions cost more as you have to outbid some other users in the waiting queue.
Last month, BTC.com rolled out support for Segwit which also helps lower costs.