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Lonelypumpkins on Nostr: For anyone wanting to gift on-chain sats to multiple people this season, a way to ...
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.
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.