You will broadcast one transaction to the chain, but the destination of that bitcoin would move to many wallets. Batching allows you to reduce your per-transaction fee by aggregating multiple transactions into one. Combining multiple payments into a single operation is both cost- and space-efficient. Batch transactionsīatching refers to the number of transactions you submit into the limited space available on bitcoin’s blockchain. If you’re serious about your bitcoin, you’ll likely be keen to figure out ways to retain more of your sats when moving and managing your funds, so let’s take a look at a few ways you can reduce your payment for block space on the bitcoin time chain. However, once bitcoin is in your possession or you acquire bitcoin on-chain via P2P trades, you have a little more control over how funds are transferred. You are at the mercy of the exchange and have to abide by their rules when transferring funds. Of course, exchanges also don’t want to pay fees, so they do tend to batch transactions or broadcast at certain times to reduce fees, but this is not always a given. Most people using bitcoin to transfer funds from an exchange to a hot wallet or cold storage don’t have much say in how transactions are performed. If you’ve been thinking about accepting bitcoin in your daily life, for business, pleasure or saving for the future, but you want to avoid paying high transaction fees, then it all depends on the lengths you are willing to go to when handling your funds. It’s the reason many refer to bitcoin ownership as being your own bank. Bitcoin is the first form of digital money where you not only have custody of the asset yourself, but you can control the conditions in which it is spent when you broadcast to the network, you can use the default rules of the wallet, or you can customise it to your needs, that is the beauty of programmable money.
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