Hello, this is CoinUs.
This guide is about Ravencoin withdrawal fee.
* CoinUs is a decentralized wallet, and the withdrawal fee is used only for fees on the network.
(No fees paid to CoinUs)
Ravencoin Network Fee = Fee per byte (RVN/byte) * Transaction size (byte)
Fee per byte (RVN/byte)
Since the Transaction Fee is a fixed value, it is the fee per size that determines the actual network processing speed.
Transaction size (byte)
Ravencoin is connected to a single address by multiple UTXOs just like Bitcoin, so the actual holding quantity is the sum of the quantity recorded in each UTXO.
Transaction size is determined by UTXO and cannot be modified.
If you enter the withdrawal address and quantity in CoinUs,
separate setting is not required since it shows the optimized fee automatically from the size.
If you want to modify a lower or higher fee than the fee suggested by CoinUs, you can modify your own settings.
The higher the fee, the faster it is sent, and the lower it is, the slower it is processed.
If the fee is too low, it will only stay in the Mempool (block waiting state) and may not transfer.