<blockquote>
  <p>Does the transaction fee of bitcored or bitcoind change everyday?</p>
</blockquote>

<p>It will often change because it will estimate the fee for certain confirmation targets (e.g. confirm within 4 blocks). The fee estimation will update with each block, so it may change every day. It may also change more or less frequently than daily depending on the transaction situation for each block.</p>

<blockquote>
  <p>Am I required to set transaction fee of bitcoind by using <code>settxfee</code> method?</p>
</blockquote>

<p>No. You only need to do that if you want to specify the transaction fee instead of using the estimation. I recommend that you use the estimation as setting the fee yourself will often occur in overpaying or underpaying.</p>

CC BY-SA 4.0
2018-05-21T15:44:48.470Z
2018-05-21T15:44:48.470Z
Ava Chow
<p>Does the transaction fee of bitcored or bitcoind change everyday? </p>

<p>Am I required to set transaction fee of bitcoind by using <code>settxfee</code> method?</p>

<bitcoin-core><bitcoind><bitcore><node.js>
Transaction fee in Bitcored
Kiran Devkar
# Transaction fee in Bitcored

(Asked by: username_0 on 2018-05-03)

Does the transaction fee of bitcored or bitcoind change everyday?

Am I required to set transaction fee of bitcoind by using `settxfee` method?

**Tags:** bitcoin-core, bitcoind, bitcore, node.js


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## 1 answers

### Answer by username_1 on 2018-05-21. Score: 1 | Accepted answer

> Does the transaction fee of bitcored or bitcoind change everyday?

It will often change because it will estimate the fee for certain confirmation targets (e.g. confirm within 4 blocks). The fee estimation will update with each block, so it may change every day. It may also change more or less frequently than daily depending on the transaction situation for each block.

> Am I required to set transaction fee of bitcoind by using `settxfee` method?

No. You only need to do that if you want to specify the transaction fee instead of using the estimation. I recommend that you use the estimation as setting the fee yourself will often occur in overpaying or underpaying.


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