Article Summary
This article explains Bitcoin network fees on River, including transaction speed options, how fees are determined, and processing times.
Whether you send or receive bitcoin, network fees will apply. River offers clients two transaction speeds when sending bitcoin on-chain:
- Priority sends are the quickest and the most expensive.
- Standard sends are batched with other sends, so they take longer and cost less.
- Each River client has one free standard send per month. Your free send will be available on the first of every month.
If you pay for your send with your cash balance or a linked bank account, River's standard buy fee and spread also apply to the bitcoin purchase, in addition to the network fee for the speed you choose. This is the same fee and spread you pay on a regular bitcoin purchase. There is no extra fee for buying and sending in one step. For more information on River's fees, please see this Help Center article.
How are fees determined?
Standard sends are batched with other sends to save you money. Network fees are based on River's estimate of Bitcoin network costs at the time of your send.
How long will my send process?
Standard sends are estimated to complete within about 4 hours, but may be delayed during high network traffic. Priority sends do not wait for other sends and are estimated to complete within about an hour.
Please note that River recommends priority sends for important transactions.