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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 three different transaction speeds when sending bitcoin:
- Priority sends are the quickest and are the most expensive.
- Standard sends have normal processing time.
- Free sends incur no fees, and each River client has one free send per month. Your free send will be available on the first of every month.
How are fees determined?
Standard and free bitcoin withdrawals are batched to save you money, with fees based on our estimate of Bitcoin network costs.
How long will my send process?
Standard and free withdrawals are usually broadcast within twenty four hours, but may be delayed during high network traffic.
For important transactions, River recommends priority withdrawals, which are typically confirmed roughly every 10 minutes.