Transactions between two Blink users are considered internal (or, “intraledger”) and are processed without any additional charges. However, when sending bitcoin to external wallets, regular network fees may apply depending on the type of transaction (on-chain or Lightning)
The transaction fees vary depending on the type of transaction.
For sending Lightning payments, a routing fee may be paid to Lightning node operators. These fees are paid by the sender. There are no extra fees charged by Blink.
Similarly, when you receive a Lightning transaction in your Blink wallet, there is no fee charged to you by Blink. Generally, fees for Lightning payments are very inexpensive. They could be as low as a few sats or even zero if Blink has a direct channel. In other cases, fees can be a little bit higher depending on market conditions, the wallet you’re using and the connectivity of the nodes that your payment is routed through.
Blink on-chain transaction fees are composed of miner fees and fees retained by Blink.
When on-chain transaction fees rise and your transaction doesn't get confirmed in the next 6 blocks after broadcast, Blink works its magic by automatically boosting your transaction's fee using Child-Pays-For-Parent in the next batch (Blink pays the difference!).
You can always find the latest fee details on the FAQ
The Dollar account is a feature in Blink that lets you hold a USD-equivalent balance in your wallet. This is especially helpful if you're concerned about short-term Bitcoin volatility.
Your Dollar account is powered by Stablesats — it holds Bitcoin that is hedged to stay stable in USD terms. Transfering between your Bitcoin and Dollar accounts incurs a ~0.2% spread.
Please check out our FAQ page where we deep dive into greater detail. If you have any other questions, reach out to our team
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