This guide outlines the steps to send a Bitcoin (BTC) transaction with custom fees using your Ledger device and Ledger Live.
Sending a transaction with custom fees is recommended during periods of high congestion or price volatility on the Bitcoin network leading to very high transaction fees.
How to send a Bitcoin (BTC) transaction with custom fees
- Open Ledger Live and navigate to your Bitcoin (BTC) account.
- Click on the Send button and enter the recipient's wallet address.
- Toggle the Advanced option and specify a custom fee amount. In Ledger Live, Bitcoin fees are calculated in satoshis (sat) per byte.
For assistance in selecting the optimal fee for your transaction, you can visit: https://bitcoinfees.gitlab.io/
- After setting your custom fee, click 'Continue' to proceed with the transaction.
Before finalizing, carefully review the transaction details including the fee amount on your Ledger device screen and confirm by signing with your device. This ensures accuracy and security for your transaction.