Topic: Are you using low fees? - page 15. (Read 13460 times)
Since most of my bitcoin need involve paying for hosting, running exchange service for people then no point using low fee.
There were time I will go cheap on tx fees but I do not do it anymore. Once I paid 50sats per byte and the tx got stuck in mempool. And then suddenly I needed money but I cannot get on my bitcoin because it was stuck. I learned my lesson and pay higher fees and keep my bitcoin always readily available. It is a pain to pay high fees but there is no other way around it, YET.
A few days ago I had to make a payment of 10$ and the minimum recomended fee of my walltet was 7$ this is getting out of control, and I have heard of people making payments of 1$ with a fee of 2$ or more.
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?
Nice idea if you are comfortable in that way. For me at the usual case, it's better to make a big transfer at once. Ok let's say you are setting a low priority of 50-70 sats per byte but always doing that for a week, then it's no different from the usual transfers. Im just thankful that even the fees are high, good thing bitcoin price is high.
It's more worse if we are still on below $1,000 but the fees applied to confirmed our transaction will cost $3 or more dollars.
I mostly set my miner fees lower than the recommended amount from bitcoinfees.21.co ranging from 150 to 200+ satoshi per byte. The confirmation times are not that long from my experience most of my tx confirms within a couple of hours and the longest one was about 2-3 days.
i use low fee and my transactions getting 5-6 days to confirm but i don't have problem because i'm trying to save some btc
never used low fees , its risky i used this once and received my payment on 7 hours , ijm always use standard-high fees due its fast confirmation , i dont recommend if you use high fees for low amount transaction since its worthless.. 
These days I think it would be crazy to use a fee lower than the standard, if not higher. Almost all TX's that I have incoming or outgoing I watch on blockcypher. It is an interesting approach the site has by giving the normal info and adding in the miner preference and a few more nice little points of data that are very cool. The more and more that people learn about Bitcoin, the more that I distrust a low fee too.
never used low fees , its risky i used this once and received my payment on 7 hours , ijm always use standard-high fees due its fast confirmation , i dont recommend if you use high fees for low amount transaction since its worthless..
These days I think it would be crazy to use a fee lower than the standard, if not higher. Almost all TX's that I have incoming or outgoing I watch on blockcypher. It is an interesting approach the site has by giving the normal info and adding in the miner preference and a few more nice little points of data that are very cool. The more and more that people learn about Bitcoin, the more that I distrust a low fee too.
I'm using mycelium wallet and always using normal fee when doing transaction before but now that the price became so high. I often used low-prio that only cost like $2. Normal fee is too much for me it cost almost $4 the last time i made a transaction.
I agree, with the rising price of the better we use low cost because if we use the normal cost it will take a lot of time of the transaction fees that can reach $4 whereas if lower costs we can save the cost of approximately $2. When will my transaction then it is better to use a low cost alone. in addition, we must also be able to take into account all income and expense that comes out so that everything is balanced and not too overwhelming.
Why are the fees so high now, where there are only 50k unconfirmed transactions? The situation is not like before when we saw more than 200k transactions unconfirmed!
I just checked making a transaction in coinbase and they charge 0.0013 which is really a lot and i assume that is around 500+ satoshis per byte.
I just checked making a transaction in coinbase and they charge 0.0013 which is really a lot and i assume that is around 500+ satoshis per byte.
The number of unconfirmed transactions is irrelevant..
The only important things is the size and the fee they are paying.
You can have 200 000 tx with 1/2 inputs and you can have 50k with 40 inputs.. that would actually mean a 5 times longer queue.
I saw yesterday a block that was filled up with just 200 transactions
https://blockchain.info/en/block-index/1511664
And what really pissed me off was this:
https://blockchain.info/en/tx/6e36de5e895d4c48241b562c14381cc40311f4e436fa4cb75604f3954a88e837
my own way to overcome an expensive fee might have already switched to other coins such as $DGB $XRP $WAVES fast confirmed transaction .
is the solution to a very expensive fee Bitcoin transaction at this time
is the solution to a very expensive fee Bitcoin transaction at this time
Switched to other coins can only be done if it is in the exchanger, we may not just keep bitcoin on the exchanger site. I also switched to other coins if my bitcoin was on the exchange site and wanted to be transferred to another exchanger, but I prefer dogecoin instead of $ DGB $ XRP or $ WAVES
my own way to overcome an expensive fee might have already switched to other coins such as $DGB $XRP $WAVES fast confirmed transaction .
is the solution to a very expensive fee Bitcoin transaction at this time
is the solution to a very expensive fee Bitcoin transaction at this time
Yes, I mostly go with the average fees but still since last few weeks I am experiencing lesser confirmation time (I am not sure how much of the portion from exchange fees is allocated for the transaction fees). I use Blockchain web wallet and they usually put dynamic fees along with the transaction according the the current network load. Thus, I never faced any unconfirmed transaction issue.
in fact the conformation speed is different from time to time. some time it take some minutes and remain very fast, while other time the conformation time take a lot of time some time more than hours. i think the issue is increasing from time to time and it must be solve on priority bases because the users of bitcoin are increasing too much, therefore it is too much important that all the complaints against the conformation time must be solve. Yes, but I am not sure why this is happening because when I see my transaction is confirmed faster I immediately check the current number of unconfirmed transactions and in most of the cases I notice that the number is above 10K transactions. I am sure exchanges put the same fees but yet I never faced any long time (24 Hours+) unconfirmed transaction issue so far. I know web wallets put dynamic fees according to the network but I don't think that exchanges are doing so but still my transactions are taking place faster than before.
never used low fees , its risky i used this once and received my payment on 7 hours , ijm always use standard-high fees due its fast confirmation , i dont recommend if you use high fees for low amount transaction since its worthless..
in some cases when we are going for big transaction then high fee is on no problem about, but some time we go for little transaction and in such cases it become difficult and costly to use high or standard transaction feel. in some cases even some exchanges have standard exchange rate and you have to pay that in any case either you are going for low transaction or for high transaction, but you have to pay the fixed fee for your transaction automatically.
never used low fees , its risky i used this once and received my payment on 7 hours , ijm always use standard-high fees due its fast confirmation , i dont recommend if you use high fees for low amount transaction since its worthless..
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?
Your solver has been around for a long time, because I rarely store Bitcoins in my wallet and often pull it in several times and wait for a while to trade successfully. In addition, this way will help you less likely to be caught by the bank
It depends, for small amounts i use altcoins now, but for bitcoin transactions above a certain amount I pay 0.0008BTC
When you send very small amounts, it's just ridiculous to pay 10% fees, it's just insane for me
When you send very small amounts, it's just ridiculous to pay 10% fees, it's just insane for me
yes like many people say here
a 2$ over 10.000 satoshis fee its quite nice for a week trasaction you lose 8$ a month tops but you get you payouts done
you prob dont need to change that one fees on your wallet.
but if you do lots of transactions and of low satoshis overall each you prob need to change a bit to lower fees in order to remove to less the payout to chain of that money you transact
in order to not lose much like a bank transaction.
if soo you prob see ... what a weck for 3$ 2$ fees a 50$ transaction and takes 30 mins rather use a bank there is no need to put bitcoin to this.
because its being a move to top the 10.000 satoshis fees as regular transactions and its still 2$ (lost)
to pay for 30 mins speed.
the speed of business at the speed of thought and digital nervous system can be diferent for each one of us and no need to pay too high 2$ now
for a 30 mins and yes pay like 1000 satoshis fee like 20 cents and take like 2 days but ok it will occur
we know the certain of blockchain.
a 2$ over 10.000 satoshis fee its quite nice for a week trasaction you lose 8$ a month tops but you get you payouts done
you prob dont need to change that one fees on your wallet.
but if you do lots of transactions and of low satoshis overall each you prob need to change a bit to lower fees in order to remove to less the payout to chain of that money you transact
in order to not lose much like a bank transaction.
if soo you prob see ... what a weck for 3$ 2$ fees a 50$ transaction and takes 30 mins rather use a bank there is no need to put bitcoin to this.
because its being a move to top the 10.000 satoshis fees as regular transactions and its still 2$ (lost)
to pay for 30 mins speed.
the speed of business at the speed of thought and digital nervous system can be diferent for each one of us and no need to pay too high 2$ now
for a 30 mins and yes pay like 1000 satoshis fee like 20 cents and take like 2 days but ok it will occur
we know the certain of blockchain.
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?
I sometimes use quite low fees if it is not an urgent transaction. Otherwise I normally use high transaction fees, even normal fees don't get confirmed that quickly and most of my transactions are urgent otherwise I wouldn't be wasting the money sending it over to someone. So, do you use low fees, or always want to get confirmation in a next few blocks?
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?
I always follow the recommended fees by the wallet that I'm using. I'm not adjusting it or setting it to lower fee as many are having problem when it comes to the confirmation. But if you are lucky when you pay lower fee and your transaction will be confirmed suddenly. If that happens you are one of the very few lucky low fee payee. So, do you use low fees, or always want to get confirmation in a next few blocks?
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