Are you using low fees? - page 19. | Bitcointalksearch.org

emberbekas

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Quote from: xIIImaL on June 04, 2017, 06:50:08 AM

Quote from: Immakillya on June 04, 2017, 06:40:19 AM

I never tried below normal transaction fee. Maybe im afraid my funds to be stuck and pending in many days. Also i only transfer funds when i really need the fund. And for that i have to put normal to priority miner fee to make it faster and avoid inconvenience. That's a good move tho.

Normal fees means default fees right. That would set as by default and nowadays default fees has been increased to 0.0007 to 0.00092 btc for a transaction in blockchain.info and coinbase. If you wish to have a low fees for a transaction. you can use the the multibit or bitcoincore to have a fees as 0.0001 or little. Confirmation time would little longer than the above mentioned one.

We can set our desired fee when using blockchain wallet too but frankly if we used low fees, below 100 sat/B, there's a chance for our transaction to get confirmed after several days. It's better to use medium or higher fee if we are in a hurry.

Happydd

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Quote from: hatshepsut93 on June 03, 2017, 01:22:03 PM

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 will never use low-cost transactions, that will cause a lot of trouble, you may have to wait a long time, that for me is a discomfort. I always spend at least 0.001 btc per transaction.

xIIImaL

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Quote from: Immakillya on June 04, 2017, 06:40:19 AM

I never tried below normal transaction fee. Maybe im afraid my funds to be stuck and pending in many days. Also i only transfer funds when i really need the fund. And for that i have to put normal to priority miner fee to make it faster and avoid inconvenience. That's a good move tho.

Normal fees means default fees right. That would set as by default and nowadays default fees has been increased to 0.0007 to 0.00092 btc for a transaction in blockchain.info and coinbase. If you wish to have a low fees for a transaction. you can use the the multibit or bitcoincore to have a fees as 0.0001 or little. Confirmation time would little longer than the above mentioned one.

Prodigan786

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if I am using low fees I have to wait long time like low payments otherwise receiver will get panic and loose clients so have to use fair fees for now a days no other option for keeping customer happy you have to pay high fees

Ankara

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Quote from: mindrust on June 03, 2017, 01:39:13 PM

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. Cool

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 must admit they are brilliant services that I use when I've sent with low fees by mistake.

They are high but I've never seen a future with bitcoin and the need for super fast confirms where the odd high fee really matters.

Plenty of alts do that job much better.

Immakillya

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I never tried below normal transaction fee. Maybe im afraid my funds to be stuck and pending in many days. Also i only transfer funds when i really need the fund. And for that i have to put normal to priority miner fee to make it faster and avoid inconvenience. That's a good move tho. But i rather don't transfer the funds than wait for that long.

dothebeats

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Yes, I use the lowest possible fee I can pay that can get my tx confirm within the next 3 blocks since I'm not always in a rush. However generally, I don't pay low fees, but the current state of tx forces me to do the lowest fee possible so as to save $ for a single tx.

Sk_Ezaz

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Community Lead at Bitcoin Air

I use high fee on coinbase.when I send bitcoin coinbase to coinbase it cost low fee but when I send it on other wallet it cost high fee.some days ago I am trying to send some dollar coinbase to directbet but it cost 50k satoshi something.on coinbase there is no fee selection option.

UCHCHILD

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It is so disgusting to use low fee at the moment because of too much volume of transactions every seconds.
I have pending money now but then the senders put low fees now I am waiting more than a week. This is first time in my bitcoin life Cheesy

I guess if you want money assurance from other senders better put fair fees so that it is not hussle in receiver's part. It is so hard to wait for so long.

SvenBomvolen

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I began to use Hashnest wallet few weeks ago and I pay 0,00002 BTC for the transaction and it is kinda fixed fee there, but the transaction provided during an hour. I am satisfied with that speed and I ready to pay this fee for the fast speed of the transaction. You see, if you pay a super low fee, but wait a week the price for bitcoin may drop so deep that it will not be profitable for you at all.

amacar2

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I always use enough fees to get confirmation on my transaction by next block. There is no point on waiting for weeks with panic to get confirmation so that you can use those bitcoin. If you really want to save on fees and want to make micro transactions than you should use other alts, fees on bitcoin is really high these days. Wink

aldrian09

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Activity: 308

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As much as I want to save money buy using low fee the waiting game sucks so I don't have the choice but to use high fees especially when I need the money right away.

beerlover

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Quote from: pooya87 on June 03, 2017, 10:47:00 PM

you need to do some analyzing on the mempool sometimes. i have had some 100 satoshi/byte fee transactions in the past few days which have been confirmed in less than 5 minutes!
as i have said multiple times, the big number you see in the mempool (60K, 90K) are mostly spam attack not real transactions which means most of them have pretty low fees.

I have been checking the fees here : https://btc.com/stats/unconfirmed-tx and then I send accordingly my fees. Usually its around 200 and 300 but its lower and higher too. And guys if you ever miss the proper fees you can use btc.com push tx service to get a very fast confirmation ( they show as usually 7-8 mins )

slimetime

newbie

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Always using the default fee even if it seems low. I'm in no rush usually, and when the network was spammed by miners transactions were slow and regardless of the amount of fees you paid transactions were still getting stuck for a few days. That was one time when I was OK with paying larger fees but it didn't help in any way so I see no point.

slapper

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Leading Crypto Sports Betting & Casino Platform

LOL. Using low fees will make transaction never reach the receivers. I expect that there must be a way to fix this problem but up to now, I have not seen anything come from the developer or the miner. Hope that they will soon improve this isse

Ayiranorea

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Leading Crypto Sports Betting & Casino Platform

I used to use low fee based on the confirmation I expect. At times when I need to make a selling used to provide the higher transaction fee, as the price volatility is high and at any time the price variation might drop. Hope it's good to go with the transaction fee suggested by the wallet service to have a timely confirmation.

Freezingel

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Activity: 574

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Even though it's not urgent, i always set my transaction fee according to the recommended one on my wallet. Sometimes i lower it a little bit but it's always more than 100 satoshi/byte.

audaciousbeing

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Quote from: hatshepsut93 on June 03, 2017, 01:22:03 PM

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?

Your reason for using low fee is valid and even me would do same thing if I am in your position since it will still amount to the same thing in my wallet when it arrives whether the price of bitcoin increases or decreases but for someone who is ready to pay for sale, I am not sure that argument will stand for whatever reason before confirmations means money exchanging hands which cannot wait for weeks especially in case of emergency.

shamzblueworld

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Activity: 714

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Yes, I always have used low fees so far. But that is because of Multibit wallet, who sets the fees automatically and as I have set the fee slider towards the lower side of it. But now I think I would get Electrum and use manual fee per transaction, so I can set low fees for transactions when the time won't matter much, and relatively higher fees for when its an urgent transfer.

Ewox

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Activity: 812

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I too use the lowest fees when I transfer or withdraw BTC to my wallet and the funny thing is that it doesn't really take that long to reflect in my wallet. And that's what I usually use too especially when I'm taking out my capital in trading and returning the funds back to my wallet.

Topic: Are you using low fees? - page 19. (Read 13460 times)