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Bitcoin Custom Network Fees

What Is a Bitcoin Custom Network Fee?​

A custom network fee lets you choose the fee rate for a Bitcoin transaction instead of using the Normal or Fast option suggested by Gem Wallet.

Bitcoin fee rates are displayed in satoshis per virtual byte (sat/vB). A satoshi is the smallest unit of Bitcoin, and the virtual size represents how much block space the transaction uses. Gem Wallet uses the selected rate and estimated transaction size to calculate the total network fee.

  • A higher fee rate can increase the likelihood of faster confirmation.
  • A lower fee rate can reduce the fee, but the transaction may remain pending longer.
  • The total fee depends on both the selected rate and the transaction's virtual size.
caution

Use a custom fee only when you understand current Bitcoin fee conditions. A rate that is too low can leave a transaction pending for an extended period.

Start a Bitcoin Transaction​

Open Bitcoin in Gem Wallet and select Send.

Open Bitcoin in Gem Wallet Select a Bitcoin Recipient

Enter or scan the recipient's Bitcoin address. You can also select one of your own wallets under My Wallets. Verify the complete recipient address before continuing.

Enter the amount of BTC you want to send, then select Continue.

Enter the Bitcoin Amount Continue with the Bitcoin Amount

Open the Network Fee Options​

Review the wallet, recipient, network, amount, and estimated network fee on the confirmation screen. Select Network Fee to change the fee rate.

Review the Bitcoin Transaction

Gem Wallet displays the available fee-rate options:

  • Normal — the standard suggested rate.
  • Fast — a higher suggested rate for faster priority.
  • Custom — a fee rate entered by you.

The suggested rates and estimated BTC or fiat fee can change with Bitcoin network conditions and transaction size.

Bitcoin Network Fee Options

Enter a Custom Fee Rate​

Select Custom, then enter your preferred fee rate in sat/vB. Gem Wallet updates the estimated total Network Fee as the rate changes.

Enter a Custom Bitcoin Fee Rate Review the Updated Custom Fee

In this example, the rate is changed from the normal 2 sat/vB suggestion to a custom rate of 5 sat/vB. The estimated fee increases from 0.00000282 BTC to 0.00000705 BTC.

Select the checkmark to apply the custom rate. Gem Wallet limits custom values to an allowed range based on its fee configuration. If a rate is below the minimum or above the maximum, the app shows the permitted value and does not enable confirmation.

note

The screenshots are examples, not recommended rates. Check current Bitcoin network conditions before choosing a value. The BTC and fiat amounts shown in your wallet will differ.

Confirm the Updated Bitcoin Fee​

Back on the confirmation screen, verify that Network Fee shows the recalculated amount. Review every transaction detail again before selecting Confirm.

Confirm the Updated Bitcoin Network Fee

After authentication, Gem Wallet submits the transaction to the Bitcoin network. A newly submitted transaction can initially show Pending, together with an estimated confirmation time.

Pending Bitcoin Transaction

Gem Wallet does not receive the network fee. It is paid to Bitcoin miners for processing and confirming the transaction.

Verify the Final Network Fee​

When the transaction is successful, open it from the Bitcoin activity list and select Network Fee to view the fee paid in BTC and its displayed fiat value.

View the Final Bitcoin Network Fee

Select View on Blockchair to inspect the public Bitcoin transaction. The explorer shows information such as the transaction hash, confirmation status, total fee, and effective fee rate.

Verify the Bitcoin Fee on Blockchair

The explorer's effective rate may be displayed with more precision than the whole-number custom rate entered in Gem Wallet. Explorer layouts and calculations can also distinguish between bytes and virtual bytes, so verify the displayed unit when comparing rates.

Choosing a Custom Bitcoin Fee​

Before entering a rate:

  1. Review the Normal and Fast rates in Gem Wallet.
  2. Check current Bitcoin fee conditions using a reputable mempool or blockchain explorer.
  3. Consider how urgently the transaction needs to confirm.
  4. Confirm that the wallet balance covers both the send amount and total fee.
  5. Review the recalculated network fee before submitting.

If a custom-fee transaction remains pending, do not immediately submit the payment again. Follow Why Is My Crypto Transaction Pending? and inspect the original transaction first.

For more information about transaction fees across supported networks, read What Are Network Fees?.