What is Replace By Fee? RBF Explained
Everything you need to know about Replace By Fee (RBF) transactions.
In this Article:
What is a Replace By Fee transaction?
Replace By Fee means that you are replacing one version of an unconfirmed transaction with a new version that pays a higher fee. You are basically saying "This transaction is so important to me that I'm willing to pay a bit extra for it." As a result of increasing the fee, your transaction will now become more attractive to the miners and has a higher chance to be confirmed faster.
While we can never guarantee that your transaction will be included in the very next block, RBF inside of Exodus wallet allows you to make these chances higher.
Another thing to keep in mind is that RBF allows your transactions to be batched together when sending. What this means is that if you send two or more Bitcoin transactions in a row, instead of having separate transactions, the transactions will be automatically combined into the same transaction. Allowing you to save on fees!
Which assets support Replace By Fee?
Currently RBF transactions are supported by:
|Bitcoin||Find out how to use RBF with custom fees here.|
|Ethereum||Find out how to get cheaper fees with RBF here.|