I have created an account in a bitcoind wallet which has got some 1.055btc which has to be wiped out to 0.00BTC to another account. so the actual BTC has to be sent is 1.055 - transaction fee.
Is there any calculation for bitcoin to find transaction fee or any jsonrpc to find estimation fee like ethereum (balance - (gasprice*gaslimit)).
With recent versions of bitcoind, you can use sendtoaddress with the optional subtractfeefromamount argument.
sendtoaddress 123abc... 1.055 "" "" true
Creates a transaction with 1.055 BTC of inputs. The destination address will receive a little less than 1.055 BTC, after an appropriate fee is subtracted.
There are a couple of ways to estimate the transaction fee (Skip to 3 if you want an automated way to send your entire balance).
You can use the Bitcoin cli. From a previous answer on how to estimate fees:
bitcoin-cli estimatesmartfee 6
You can also use many webservices that focus on fee estimation:
Finally, you could upload your private key to a wallet such as electrum which will take care of fee estimation for you and ensure all your bitcoin is transferred.
