What are the fees for sending Bitcoin from my Blink wallet to another wallet?
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The transaction fees vary depending on the type of transaction, whether it's an on-chain transaction or a Lightning transaction.
For sending Lightning payments, a routing fee is paid by the user, but there are no extra fees applied by Blink.
On the other hand, Blink's on-chain transaction fees are composed of three factors:
Miner fee - This fee is paid according to the current mempool state.
Tiered fixed fee - For withdrawals lower than 1,000,000 sats: 5,000 sats. For withdrawals of 1,000,000 sats or higher: 10,000 sats.
Additional fee - A 0.2% extra fee is charged for transactions above the allowance of 10 million sats LN-onchain imbalance in a 30-day rolling window.
Please note that the exact amount of transaction fees may vary depending on the current market conditions and network congestion.
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