For anyone wanting to gift on-chain sats to multiple people this season, a way to decrease your transaction fees is to batch the payment into a single transaction. Electrum, blue wallet, and especially Sparrow make this process straightforward.
For Sparrow, when in the "send" tab, just click "+Add" on the right, and you can input the additional addresses and amounts in the new tab.
If you were to gift sats to 5 people, with a fee rate of 150 sat/vbyte, sending to each of them with their own transaction would cost 21k sats per person...sending as a single batched transaction would cost 8k sats per person.
%20-%20Profi.png/:/cr=t:7.63%25,l:7.63%25,w:84.75%25,h:84.75%25/rs=w:1536,cg:true,m)
Lonelypumpkins
npub1je…ys82z
2023-12-22 15:31:44
Author Public Key
npub1jextjwgfkzspzk7h0yl6j27a8aqkaumncwajsrmmvsff5gt20q7slys82zPublished at
2023-12-22 15:31:44Event JSON
{
"id": "31aa182516113185eed3cf66a1bdebf9510843caf3a35d9a6ac2144ca217270a",
"pubkey": "964cb93909b0a0115bd7793fa92bdd3f416ef373c3bb280f7b64129a216a783d",
"created_at": 1703259104,
"kind": 1,
"tags": [],
"content": "For anyone wanting to gift on-chain sats to multiple people this season, a way to decrease your transaction fees is to batch the payment into a single transaction. Electrum, blue wallet, and especially Sparrow make this process straightforward. \n\nFor Sparrow, when in the \"send\" tab, just click \"+Add\" on the right, and you can input the additional addresses and amounts in the new tab.\n\nIf you were to gift sats to 5 people, with a fee rate of 150 sat/vbyte, sending to each of them with their own transaction would cost 21k sats per person...sending as a single batched transaction would cost 8k sats per person.",
"sig": "961c076a75fa8fa6321d7bb35c0647735c85b69d8cb4a4b32ed31a51b8664e74c36370885f63aeb1db4b3a282a2d73e06ba85eb62b4eb80cb5664ed61903cf01"
}