Topic: Are you using low fees? (Read 13454 times)
Not anymore because then all my transactions would probably get stuck. Now I use wallets with dynamic fees policy. But there are also no low fees anymore, even those labeled as normal or low are very high.
everybody wants a low fee for each transaction, even for rich people who have lots of bitcoin pun it is necessary. Unfortunately there is no free fee from coinbase, I used to use coinbase for transactions but now no, even now the fee is quite big compared to other bitcoin wallet, so I menyimpanya in poloniex, in addition to its trading fee is quite small
Probably it's very stupid to use low fees. I am not greedy enogh to pay $20 insteed of losing my wallet or money on it. Security on low fees wallet isn't the best.
Im not using low fees, wallets that use low fees I think are low on security and I only send and transact BCT in larger amounts. Sometimes Im converting BTC to fiat and then send it as a fiat to avoid such fees.
Everything now is really calm including the transaction fee, you can literally use bitcoin to buy a cup of coffee which wasn't possible some weeks ago, I guess this downtrend is also helping transaction fee in becoming stable, I was surprised the other day when I sent out $500 worth of BTC to someone and I was charged just about $0.01 as transaction fee. I was scared at first.
I pay high fee because I don't wanna risk my btcs by keeping them in the system. Rather prefer to withdraw them in my laptop ASAP
I don't usually send small amount, that is bothering, not to me but for the miners.
Why would it be a bother to the miners? In fact they will be overjoyed to what you are doing there that is there job. Do you know where the fees are going? The fees we are paying are for the miners that is accepting the transaction. The more the transaction is, the more they earn.
Low fees are not a great idea until LN was used. I think the transaction is faster now than those last years.
why do we need to use those low fees if we want to receive our transactions quickly. And I usually send moderate number of bitcoin, that is why it is okay for me to pay for the fee, I don't usually send small amount, that is bothering, not to me but for the miners.
Using low fees is a good option now because your transactions do not take forever to complete. This is because the volume of transactions now is very low which means transactions are confirmed faster than when the transaction volumes were high so even though you use low transaction fees your transactions would still go through quickly so take advantage of it now that you can.
I dont want to bargain on fees, I think by using higher fees it gives me peace of mind that my money will be recieved just in time. To be honest putting too low fees in my transaction makes me stressed because I have that idea behind my mind that it will not be confirmed.
Nope, I am always using medium fee because sometimes, low fee can stuck your bitcoin in the blockchain for weeks or month.
With the higher bitcoin price, the dollar we pay for the transaction fee will increase as well, even though the actual amount of bitcoin we pay for the transaction fee is fixed from the first. To be honest, this is a problem when the amount of dollars we spend on transaction fees suddenly rises as the price of bitcoin increases.
I always use 30 satoshi per byte and i'm letting Jihan BU to pay the rest on my behalf.Viabtc's free service does the job very well. Paying>200satoshi/byte started to hurt me very badly. I have to move my coins from one address to another from time to time because those small incomes which i collect from here and there create many inputs in time and i don't want to look at a 100$ fee in some day.I even used to think like that if i am not in a hurry,but then some my transactions with low fees got rejected and so i stopped doing transactions with very low fees and even i am starting to go over the bridge and start putting higher fees even though i am not in a hurry just to get those coins transferred.
Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?
So, do you use low fees, or always want to get confirmation in a next few blocks?
Yes i uses low fees though it is a great advantage though , so i use the low fees all the time and sometimes i tend to meet a person then negotiate , by person to person i can buy at the lowest fee.
Low rates are the biggest advantage of the coin market. Whenever we want, we can transfer the amount of money we want.
Private banks are closed at weekends. Operation fees are very high. More interruptions.
Private banks are closed at weekends. Operation fees are very high. More interruptions.
Fees are much lower than what we got used to and I think if current fees are maintained I honestly don't see or find a reason for other merchants new to the use of crypto will not use these digital currencies and I can say am enjoying the fees now, if they can go lower that would be fantastic and i think almost 90% of bitcoin community is now enjoying the lower fee because most of the bitcoin exchanges integrated the SegWit to reduce the bitcoin transaction fee and also the latest bitcoin core 0.16.0 comes out as SegWit fully supported for bitcoin users to enjoy lower transaction fees worldwide.
i go for middling fees. i'm not convinced fees that low will ever confirm with things the way there are these days. if i'm buying something then i go for relatively high because i don't want to be waiting around.
Yes, its very irritating to wait for a long time whenever I used low fees. Sometimes I much prefer for a high fees to get as soon as possible what ever things that i buy.It all depends on the priorities. I usually go with the fees suggested by the exchange or web wallet service providers as I don't do frequent transactions. I am not sure what is the reason but I have observed that even paying the average fees, the transactions are getting confirmed faster than before. I guess that exchanges are clubbing multiple transactions and it results in faster confirmation.
We must use higher costs, do not need to be too high, just need enough, so the speed of your transaction will be very fast, but we should not use low cost for the transaction, which will cause many obstacles in our work. Unverified or long-term transactions will make your work uncomfortable
for me as long the bitcoin received its okay for me, but if i need the bitcoin in fast time like transfer that bitcoin to another people i think i will use high fees, becasue its immposible that i ask him to wait 1 week to receive bitcoin from me hahaha
Contingent upon the circumstance on the grounds that there are exchanges which do truly require it to affirm quick uniquely on my vital exchanges which I do need to set medium-high expenses yet there are times I do extremely set low charges and same as yours I dont mind in the event that it would affirm long in light of the fact that those bitcoins are exclusively to save for future as long im beyond any doubt it wont be crossed out then it ought to be fine. Charges now are extremely repulsive when you do extremely jump at the chance to attach it up.
Of course, almost 90% of bitcoin community is now enjoying the lower fee because most of the bitcoin exchanges integrated the SegWit to reduce the bitcoin transaction fee and also the latest bitcoin core 0.16.0 comes out as SegWit fully supported for bitcoin users to enjoy lower transaction fees worldwide.
But in some exchanges still have very expensive fees, such as poloniex, bittrex, c-cex, etc. the fee for each bitcoin transaction is still above 0.0005 btc or about $ 3 per transaction? that's very expensive to me. but I always get around the high fees by using cheap altcoin to make transactions. usually I will buy altcoin and send it to another exchange in order to get a cheap fee Jump to: