As we continue to remove friction and make sending and receiving Bitcoin easy and seamless via our mobile Bitcoin wallet DropBit, one of the most highly requested features has been to provide adjustable fees. So today we are pleased to announce adjustable fees are available on the latest iOS and Android versions of DropBit! 🎉
With adjustable fees, you can prioritize a fast send with a higher fee or look to optimize your transaction with the lowest fee. And you can easily change this with each transaction once you toggle the adjustable fees setting on in the settings menu on your DropBit app.
We came up with a proprietary method for calculating fees which will provide the optimum balance of speed in sending vs. cost to send. And as a reminder, DropBit does not charge any additional fees beyond the Bitcoin blockchain mining fees.