How can I consume my whole bitcoin balance in a single transction? Is it possible to use multiples UTXOs in a single transaction?

by Coder   Last Updated October 18, 2019 15:27 PM - source

I want to make use of a single bitcoin address for payment.

Answers 1

Of course, you can add as many UTXO's as will fit in a block. In fact, you usually have to because you don't always have a UTXO for the exact amount you are trying to spend. Note that more UTXO will result in a higher transaction fee because the fee is based on the current market fee rate (satoshi/kB) and more UTXO increases the kB.

For example, check out this transaction, it uses 7 UTXO as inputs.

See Bitcoin Wiki - Transactions

October 18, 2019 13:53 PM

Related Questions

Other database besides UTXO?

Updated October 12, 2019 17:27 PM

Extracting balance from all utxo

Updated September 12, 2019 11:27 AM

Where can I see the untrusted RawTX blockchain?

Updated June 06, 2019 11:27 AM