The current almost default fee for a regular 222 byte transaction is about 0.0004 which is equal to $1, if you have to pay $8 then it's because the size is much bigger by including more addresses in sending and receiving.
I'm not saying the fee is OK, but I am not with changing the system to something centralized which is taking the purpose of BTC for cheaper confirmations...
Topic: $8 fee? for a $73 transaction? Really what the fuc is going on? - page 2. (Read 3251 times)
I don't know how many inputs you have and that's the number of satoshi/byte intended to pay as tx fee, but if your transaction doesn't have many inputs (faucets) you can do better with a proper local wallet.
So if you can export your private key(s) and import into Electrum you have a good chance to pay (much) less.
This is true, I remember that a few months ago I was trying to send a transaction too and the fee was 20 dollars, it was ridiculous, I imported my keys into electrum and at the end I paid about a dollar in fees, so if you can do this do it, you don’t lose anything and in the end may win a lot in terms of savings. So if you can export your private key(s) and import into Electrum you have a good chance to pay (much) less.
Absolutely, people should start making hardrive space for the entire Bitcoin core so they can use their wallets or get electrum light which has lower fees on them than these web wallets who are bent on making profits. I've decided against using web wallets again after reading through this thread.
Using light weight wallets is always the right decision because you have complete control over your coins and you have the freedom to set your customized fees according to your needs,saving coins in web wallets are not fancy with the increase in fee structure and they will be charging more than the average fees.And what's about thread, bitcoin isn't that old coin which was good for quick and cheap transactions, it's great now for only very high amount, not for simple 100$.
Absolutely, people should start making hardrive space for the entire Bitcoin core so they can use their wallets or get electrum light which has lower fees on them than these web wallets who are bent on making profits. I've decided against using web wallets again after reading through this thread.
Using light weight wallets is always the right decision because you have complete control over your coins and you have the freedom to set your customized fees according to your needs,saving coins in web wallets are not fancy with the increase in fee structure and they will be charging more than the average fees.And what's about thread, bitcoin isn't that old coin which was good for quick and cheap transactions, it's great now for only very high amount, not for simple 100$.
This shit is too crazy man!
Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?
Proof?
http://imgur.com/a/Y5Ruo
Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
This is indeed a reasonable thing now to make transactions under 10 minutes you have to spend that much fee. But you also can actually set the amount of the desired fee, you are free to determine the amount of fee. But the results will affect the speed of your transactions. Usually I choose the amount of fee that is below the standard delivery 60 minutes. You can save quite a lot. I send 80 $ and only charged 2.5 $ fee, it will help save a bitcoin you have . Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?
Proof?
http://imgur.com/a/Y5Ruo
Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
i payed today 0.00075 - 1.5 euro for transaction, and got my coins within 10-20 mins
This shit is too crazy man!
Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?
Proof?
http://imgur.com/a/Y5Ruo
Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?
Proof?
http://imgur.com/a/Y5Ruo
Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
Even a $10 needs above $3 fee just to send it. It doesn't matter with the value but with the inputs.
As bitcoin price is increasing, we can really feel the high fees that is applied in every transactions. Because bitcoin is demand, the network is always fully loaded and we need to deal with the standard fees in order to get our transaction be confirmed. To minimize the cost, just send bitcoin to other address whenever you need and send that in advance so that you can also be fined with low fees. But accept that using low fees can make your transaction be confirmed in several days but limited to almost a week.
I noticed the same, few days ago, 5€ for moving 50€ in BTC from my wallet to an exchange...
That's why you can change the fees but be carefull because smaller fees will greatly increase the transaction time.
In my case, when i putted 0.0005 BTC as fee, my transaction took nearly 3 days ! with 0.001 BTC it took a few hours.
It's a matter of balance between your imperatives, patience and the money you are ready to waste in exchange of time.
That's why you can change the fees but be carefull because smaller fees will greatly increase the transaction time.
In my case, when i putted 0.0005 BTC as fee, my transaction took nearly 3 days ! with 0.001 BTC it took a few hours.
It's a matter of balance between your imperatives, patience and the money you are ready to waste in exchange of time.
Well, it's about waiting time, patience and your money to spend, lol
For people who willing to pay more fees to get their transaction be confirmed as fast as possible, it's fine.
But for people who don't want to be wasteful, high fees is not an option, so you have to pay low fees but deal with the time which could take days to confirmed.
Bitcoin is having very big transaction fee nowadays but when bitcoin price become into normal i think the fee will be less too like the old ones and they need the fees to keep the blockchain alive and that fee they gonna use it for to support it self. Like they gonna support the company and those needs.
In terms of fees in relation to its value in fiat, that will go down at the time the price is going down, but that's just temporarily -- overall, the price will increase beyond the levels that we have seen so far. In terms of the satoshi to byte ratio, this will only increase, and especially in the long term. If the price keeps going up, and the satoshi to byte ratio as well, and this is the most likely scenario, it will only get worse. It will require services to change their payment/payout structure in order to not only save themselves a few bucks on fees, but it also equals less overall network clutter due to insignificant 'dust' transactions.
Absolutely, people should start making hardrive space for the entire Bitcoin core so they can use their wallets or get electrum light which has lower fees on them than these web wallets who are bent on making profits. I've decided against using web wallets again after reading through this thread.
Using light weight wallets is always the right decision because you have complete control over your coins and you have the freedom to set your customized fees according to your needs,saving coins in web wallets are not fancy with the increase in fee structure and they will be charging more than the average fees. The simple answer is just click on customize fee and pay lower like 0.0005 should be good, just wait more time to get confirmed. For long answer, do what lauda says. Don't use web wallets and start download bitcoin core. Actually the fee quite ridiculous though, imagine if someone do 1btc transaction, how much the fee will be ?
Absolutely, people should start making hardrive space for the entire Bitcoin core so they can use their wallets or get electrum light which has lower fees on them than these web wallets who are bent on making profits. I've decided against using web wallets again after reading through this thread.
Bitcoin is having very big transaction fee nowadays but when bitcoin price become into normal i think the fee will be less too like the old ones and they need the fees to keep the blockchain alive and that fee they gonna use it for to support it self. Like they gonna support the company and those needs.
This shit is too crazy man!
Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?
Proof?
http://imgur.com/a/Y5Ruo
Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?
Proof?
http://imgur.com/a/Y5Ruo
Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
Why simply do not use another currency for transactions like DOGE
One of the reasons why Ethereum is on the rise 
WRONG! Ethereum is on the rise because people are ignoring the indicators that it is a huge Ponzi Scheme. The greed is blinding their logical
decision making processes. Ethereum has not even reached the scaling challenges that Bitcoin has faced before. OP, has to pay that kind of fees,
because he admitted that he used faucets and flooded his Bitcoin address with "Dust" transactions. {No. Transactions 255}
Stop promoting a Ponzi Scheme {Ethereum} please, people are going to lose a shitload of money when the SEC starts their investigations.
Apparently I've read Vitalik Buterin and other main devs may be in danger of jail time because of selling illegal securities (this adds to all ICO's too apparently). If Vitalik makes ties with Putin, then the US government will go even harder against him because they hate anything that is pro-russian. Honestly not looking good long term. But medium term ETH is still probably a good investment because reality will kick in with delay as always.
a few people advice to use other coins ( they don't trust Bitcoin anymore )
There is no such thing as "trust" with Bitcoin. Those people are idiots.Miners asking higher fee's for what? Cuz they get greedy as fuck.
No, they are not. You have not read my post.I can send money on a cheaper way as with Bitcoin.
Want me to start ScamCoin, so you can transact on ScamCoin for 0 fees? Security & decentralization. Learn it.But things are going wrong when i need to pay $8.87.
No.Cuz Lauda will get angry on my cuz i don't understand Bitcoin.
I do understand Bitcoin, If your bank ask you to pay 8 bucks to transfer your money to your dealer you won't agree an it too right?
You most certainly do not understand Bitcoin. Stop posting bullshit and whining. Either you are genuinely uneducated or you are deliberately creating a nest for spammers to post more bullshit. I do understand Bitcoin, If your bank ask you to pay 8 bucks to transfer your money to your dealer you won't agree an it too right?
Kinda funny situation here,
a few people advice to use other coins ( they don't trust Bitcoin anymore )
Miners asking higher fee's for what? Cuz they get greedy as fuck.
Others say just pick another moment to send the Bitcoin.
Others tell me to shut up and deal with it.
Is this how to use bitcoin? Just take it or leave it?
I can send money on a cheaper way as with Bitcoin.
Well, not anymore right?
If i read what you some of you tells here, we will pay a lot more in a year? Why?
Doesn't this mean Bitcoin isn't a great coin at all? The blockchain is a great system for sure.
But things are going wrong when i need to pay $8.87.
No way i can complian about it.
Cuz Lauda will get angry on my cuz i don't understand Bitcoin.
I do understand Bitcoin, If your bank ask you to pay 8 bucks to transfer your money to your dealer you won't agree an it too right?
But because this is Bitcoin i should accept this? Doesn't make any sense at all.
If your answer is yes, i don't think you understand my point here Lauda.
PS,
Oh and I can't help it my grammar not so good.
a few people advice to use other coins ( they don't trust Bitcoin anymore )
Miners asking higher fee's for what? Cuz they get greedy as fuck.
Others say just pick another moment to send the Bitcoin.
Others tell me to shut up and deal with it.
Is this how to use bitcoin? Just take it or leave it?
I can send money on a cheaper way as with Bitcoin.
Quote
Bitcoin increases system efficiency and enables the provision of financial services at a drastically lower cost, giving users more power and freedom.
Well, not anymore right?
If i read what you some of you tells here, we will pay a lot more in a year? Why?
Doesn't this mean Bitcoin isn't a great coin at all? The blockchain is a great system for sure.
But things are going wrong when i need to pay $8.87.
No way i can complian about it.
Cuz Lauda will get angry on my cuz i don't understand Bitcoin.
I do understand Bitcoin, If your bank ask you to pay 8 bucks to transfer your money to your dealer you won't agree an it too right?
But because this is Bitcoin i should accept this? Doesn't make any sense at all.
If your answer is yes, i don't think you understand my point here Lauda.
PS,
Oh and I can't help it my grammar not so good.
i think that its our fault, because we as bitcoin users have falled to the trap of the miners, they started getting greedt as soon as bitcoin started to skyrocket and they asked for more and we gave thel what they wanted, so they kept asking for more and more and they will not stop so lang as poeple keep giving them what they want, we have to make actions now while we still can otherwise we will see immense consequences when it comes to transaction fees
Im very sad today because the fee as of now is very high compared to the last few years. I hope the fees will come back again . Before the transaction fee is 0.0002 only but now its very bign 8 dollars is big transaction fee but if you have choice to lower your fee lower it. What kind of wallet you use because if you use wallet like coinbase the transaction fee is depends on how much you send.
If you're not in a hurry, you could simply choose a lower fee.
This is holly truth! The value of the fee that they suggested to you is impossibly high! This wallets are just going crazy, but I am sure there are people who pay such fees. Maybe to organise my own BTC wallet with normal fee amount!? 
I don't think that you realize that bitcoin is still quite cheap. For an $8 fee you are getting a decentralized framework that runs smoothly and instantly, fund clearance within minutes, and the other party can spend the funds as soon as you send it. It is particularly useful for sending money overseas.
Go to https://www.westernunion.com/au/en/send-money-internationally.html and see for yourself, a standard transaction at Western Union cost $5, and this is not including forex fees(obviously, WU's rates are not interbank rates, therefore is crappy).
Furthermore, a wire transfer fee of $25 has to be paid for your recipient to receive the amount at the bank. This whilst waiting 1-2 days for processing. If you don't want to pay this, sure. There is a free option of having a cheque delivered to your recipient, although this would take you FIFTEEN DAYS.
If you don't like bitcoin, like Lauda said, don't use it.
Go to https://www.westernunion.com/au/en/send-money-internationally.html and see for yourself, a standard transaction at Western Union cost $5, and this is not including forex fees(obviously, WU's rates are not interbank rates, therefore is crappy).
Furthermore, a wire transfer fee of $25 has to be paid for your recipient to receive the amount at the bank. This whilst waiting 1-2 days for processing. If you don't want to pay this, sure. There is a free option of having a cheque delivered to your recipient, although this would take you FIFTEEN DAYS.
If you don't like bitcoin, like Lauda said, don't use it.
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