Transaction Fees

What are fees?

Every transaction can have a fee chosen and paid by the sender.
Transactions with high fees typically get confirmed faster.
Paying a fee when sending NIM is optional.

Who receives the fees?

Fees goes to solo miners and pools, whenever they mine a block.

How can I set the fee?

When sending NIM in the Safe, you can set the fee under Advanced Settings.

Technical: Calculating the fee

Luna/byte is the unit used to calculate fee amount.

2 Luna/byte is the recommenced average fee. This may change.
A fee between 0-10 Luna/byte can be set in Nimiq Safe.

Basic Transactions have a size of 138 byte.
Extended Transactions have a size of 166 byte + size(message).

Nimfee.info provides detailed statistics: https://nimfee.info
API available at https://nimfee.info/api/mined_stats.json

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