If you’ve ever sent Bitcoin on-chain, you know that fees can add up fast. That’s why we’ve been working behind the scenes to ensure you keep more of your Bitcoin while enjoying the same seamless experience on Bitnob.
What’s new?
Our on-chain BTC transfer fee has been slashed from 15,000 satoshis to just 6,000 satoshis. That’s a 60% drop, meaning your transactions cost less, and you get to save more.
The Engineering Behind the Slash
One of the key engineers behind this update explains it best:
"On-chain transactions can get expensive, especially when network demand spikes. We optimized how transactions are processed, improved fee estimation, and made batching more efficient. The result? Lower costs for users, without compromising speed or reliability.”
How to Send Bitcoin Via On-Chain on Bitnob
Not sure how to send Bitcoin on-chain? Here’s how:
- Tap “Actions” on the home page and select "Accounts."
- Swipe left to your BTC Wallet and tap "Send."
- Choose "Send to BTC Destination" and enter the recipient’s BTC address.
- Input the amount and tap "Next." (Optional: Add a note.)
- Review the transaction summary and tap "Proceed."
- Enter your transaction PIN, and done!
That’s It. Enjoy Lower Fees.
This update is live now. Whether you send BTC daily or just once in a while, you’ll spend less every time. Log in to your Bitnob app to send Bitcoin for less.
