This content is for educational purposes only and should not be considered financial advice or an inducement to buy, sell, or trade cryptoassets.
Transaction times can vary based on network congestion. Being able to customize your transaction fees in Magic Eden Wallet grants you more control over how quickly your transaction gets confirmed.
Getting started with custom fees on Magic Eden Wallet
Accessing Bitcoin wallet
Start by opening the Magic Eden Wallet. From there, navigate to your Bitcoin wallet.
Initiate a transaction
When you're ready to prepare a Bitcoin transaction, simply click on the 'Send' icon. In this context, you'll be transferring Bitcoin.
Adjusting the network fee
Next, look for where the 'Network Fee' is displayed on the screen. By clicking on it, you will reveal further options to customize your transaction.
Tweaking the transaction fee
Upon clicking, you'll notice a slider. This tool allows you to adjust the urgency and cost of your transaction. If you slide to the left, you'll set a lower fee which might result in a slower confirmation time. Conversely, sliding to the right will set a higher fee, aiming for a faster confirmation.
If you're seeking exact precision, there's also an option to manually input your preferred fee. Simply set the desired amount, and when you're satisfied with your selection, click 'Done'.
A note on transaction speeds
It's worth mentioning that Bitcoin transactions can inherently take longer to confirm than those on networks like SOL or ETH. This is due to the fundamental differences in the design and infrastructure of each blockchain. If you're accustomed to the speed of SOL or ETH transactions, Bitcoin's pace might feel a bit slower. However, this is entirely normal. Always remember that Bitcoin operates on its own timeline.