How to Calculate Network Fee of Bitcoin Inscription Transaction?

Here's how to calculate your total network fee in advance.

How to Calculate Network Fee of Bitcoin Inscription Transaction?

Shots Question:


I need to know how much I will need to pay in network fees in order to send my inscription from my Unisat wallet to another wallet.

Shots Answer:


Here's how to do this:

  • Visit BestInSlot homepage.
  • Enter the inscription number in search box, click on the inscription result.
  • Copy the Ordinal Id.
  • Visit Ordinals homepage. Enter the Ordinal Id in search box and click search key.
  • Scroll down and you will see the size of the inscription in bytes. The size of the reference inscription is 338 bytes.
  • Now convert the bytes in vB this way.
Formula: Size of transaction (vB) = Total bytes/3.7
Error: ±4-15%
In our case: 338/3.7 = 91.35 vB
  • Now, if we want to pay 10 sats/vB, we can easily calculate our transaction cost.
For 91.35 vB | We will pay total 913 sats.