the result is my best guess on how much fees I have to pay to see the transaction paid out in the short term

bitcoin

Sunday Survey: How do you determine how much fees you will pay?

jimmysong

I just multiply
- the current average rate of sat/vbyte (https://mempool.space/)
- by the average weight of a P2WPKH input (68 vbytes)
- by the number of UTXOs my wallet has to aggregate to build the transaction

the result is my best guess on how much fees I have to pay to see the transaction paid out in the short term