Everything you need to know about setting Bitcoin custom transaction fees and how to enable RBF.
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In this article:
How do I set Bitcoin custom fees and enable RBF?
Download Exodus Mobile, Exodus Desktop, or Exodus Web3 Wallet to set your own custom Bitcoin transaction fees.
Setting custom fees will automatically enable RBF. If you don't set a custom fee, RBF will be disabled by default.
When RBF is enabled, you will be able to accelerate a stuck transaction by replacing it with a transaction that has a higher transaction fee. Enabling RBF will also allow for batched transactions.
Tutorial video: How to set Bitcoin custom fees
Mobile
RBF is disabled by default. Setting a custom fee will enable RBF.
Open your Bitcoin wallet and tap on the Send icon.
Tap the menu icon.
Next:
a) Slide the slider to the left to pay a lower fee. Transactions with low fees will have lower priority and could get stuck if the fees are too low.
b) Slide the slider to the right to pay a higher fee. Transactions with high fees will have a higher priority, making it more likely that the miners will include it in the next batch of transactions they process.
c) Tap the pencil icon to input a custom fee manually.
d) Acceleration (RBF) is enabled automatically if you set a custom fee. If you use the recommended fee and want to enable RBF, tap the Disabled button.
Enabling RBF makes it possible to accelerate a stuck transaction by replacing it with a transaction that has a higher transaction fee. RBF is disabled by default if you use the recommended fee.
Finally, tap Confirm.
That’s it! You have set a custom transaction fee and enabled RBF to send your Bitcoin.
Desktop
RBF is disabled by default. Setting a custom fee will enable RBF.
In your Bitcoin wallet, click Send.
Click Show Advanced to enable the advanced sending options.
Now you will see a slider:
a) Slide the slider to the left to pay a lower fee. Transactions with low fees will have lower priority and could get stuck if the fees are too low.
b) Slide the slider to the right to pay a higher fee. Transactions with high fees will have a higher priority, making it more likely that the miners will include it in the next batch of transactions they process.
c) You can also manually input your custom fee by clicking the Pencil icon.
Setting a custom fee will enable RBF. Enabling RBF makes it possible to accelerate a stuck transaction by replacing it. RBF is disabled if you use the recommended fee.
That’s it! You have set a custom transaction fee to send your Bitcoin.
Web3 Wallet
RBF is disabled by default. Setting a custom fee will enable RBF.
In Exodus Web3 Wallet, open your Bitcoin wallet and click the Send icon.
Click where it shows the Network Fee in BTC.
Now you will see a slider:
a) Slide the slider to the left to pay a lower fee. Transactions with low fees will have lower priority and could get stuck if the fees are too low.
b) Slide the slider to the right to pay a higher fee. Transactions with high fees will have a higher priority, making it more likely that the miners will include it in the next batch of transactions they process.
c) Once you have set a fee you are happy with, click Done.
Setting a custom fee will enable RBF. Enabling RBF makes it possible to accelerate a stuck transaction by replacing it. RBF is disabled if you use the recommended fee.
That’s it! You have set a custom transaction fee to send your Bitcoin.
What should I do if my transaction gets stuck with a low fee?
If you set your custom fee too low or there is a sudden spike in network fees, your transaction might get stuck pending.
If this happens, then you might be able to accelerate the pending Bitcoin transaction by paying a higher fee.
To learn more about accelerating a Bitcoin transaction, visit: How do I accelerate a stuck Bitcoin transaction?