Are you using low fees? - page 8. | Bitcointalksearch.org

vrm86

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Quote from: moooonu on June 11, 2017, 12:38:22 PM

Quote from: vrm86 on June 11, 2017, 11:49:55 AM

Usually I choose to pay small fee, unless it's something urgent. Once I waited over week, but all transactions have been confirmed so far

One interesting thing is, that withdraws from one of the dice services are almost instant (confirmed within 15 minuites) and they have fixed fee = 0,0003 BTC (30k sat).

Most of the times I use to convert bitcoin to some altcoin like doge or ltc or eth which usually takes lower fee and also takes less time to get confirmation. There are many exchanges as well as gambling sites available which support alot of altcoins.

Yeah thats cool feature - already seen on some websites, but usually there is some minimum required amount of coins for processing such conversion. If it would work without that limitation and with low conversion fee, that would be great

moooonu

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Quote from: vrm86 on June 11, 2017, 11:49:55 AM

Usually I choose to pay small fee, unless it's something urgent. Once I waited over week, but all transactions have been confirmed so far

One interesting thing is, that withdraws from one of the dice services are almost instant (confirmed within 15 minuites) and they have fixed fee = 0,0003 BTC (30k sat).

Most of the times I use to convert bitcoin to some altcoin like doge or ltc or eth which usually takes lower fee and also takes less time to get confirmation. There are many exchanges as well as gambling sites available which support alot of altcoins.

vrm86

hero member

Activity: 676

Merit: 500

Usually I choose to pay small fee, unless it's something urgent. Once I waited over week, but all transactions have been confirmed so far

One interesting thing is, that withdraws from one of the dice services are almost instant (confirmed within 15 minuites) and they have fixed fee = 0,0003 BTC (30k sat).

USBitcoinServices.Com

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Earn bitcoins every hour, link below at signature.

It depends on how fast you want your btc going through. But hopefully with the segwit integration in bitcoin this August 2017 things can change with lower fees in transactions.

Andri.Ghani

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Of course at a low cost, I try to suppress all forms of transactions or travel at a low cost Grin

Fantum

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Just hold your bitcoin, try not to send it anywhere until they fix the high fees thing. If you are sending from exchanges it's easy enough to buy ltc or doge and send that instead. With bitcoin fees so high it's made it not very useful. I still don't understand how faucets can send so many micro transactions that are less than the minimum btc fee. I have used the minimum fees with no problems, longest I've had to wait is 2 days, but usually goes through withing a few hours. I think you can soon set your wallet to use a bip148 server, this will strengthen the movement over, and make sure your transactions don't get stuck on the old chain.

selline

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Quote from: 2econd on June 08, 2017, 06:02:47 PM

Low fees all the way. Else I feel like throwing money away, and I'm the one feeling like garbage after!

Yes, I use the low cost when making a transfer or other transaction as with it the lowest costs and
the money I could have saved more

Lizzie_Girl

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Quote from: ArnoldChippy on June 11, 2017, 07:51:38 AM

Quote from: mastadonballs on June 10, 2017, 10:10:53 AM

Yes I am using low fees for transactions that sends a small amount of Bitcoin because I thing sepending a big fee just to send a little Bitcoin is something very weird

some exchanges are giving you option to use the transaction fee according to your own wishes but the transaction speed is depending on your transaction fee. while some exchanges have fixed amount for transaction fee and you have pay that fee in any case.

Most exchanges are now charging 0.0015 which is enough. I use that amount now. The exchange went from 10k to 20k to 50k and now 150k that is a big leap and with Bitcoin being worth more it's now well over 30x more costly then before. 100x more is not unreachable. Before it was 10k now it's 150k that's already 15x then factor in Bitcoin price and you get 30x 90x easily. Pay more then 0.0015 ntc and you looking at 100x more costly then before.

ArnoldChippy

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Quote from: mastadonballs on June 10, 2017, 10:10:53 AM

Yes I am using low fees for transactions that sends a small amount of Bitcoin because I thing sepending a big fee just to send a little Bitcoin is something very weird

some exchanges are giving you option to use the transaction fee according to your own wishes but the transaction speed is depending on your transaction fee. while some exchanges have fixed amount for transaction fee and you have pay that fee in any case.

BitcoinPC

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I am waiting on the day when a client sends us a payment with a lower than usual fee and after the TX gets ignored on the blockchain for several hours, they try to double spend with a higher fee. The fact is that the TX is not confirmed until it is confirmed and I feel better whether sending or receiving getting that transaction done and behind me, even if it cost a little bit more.

lecongnhan123

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In the past, when I was using Coinbase and Xapo, I do not need to care much about Bitcoin fee but now I am using Electrum, I usually use medium fee so that I can make sure that my transaction is still confirmable

Pettuh4

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Quote from: mastadonballs on June 10, 2017, 10:10:53 AM

Yes I am using low fees for transactions that sends a small amount of Bitcoin because I thing sepending a big fee just to send a little Bitcoin is something very weird

If you have no problem waiting then I think it makes no sense to spend huge sums on small transactions, but there are pressing demands that needs you to send small transactions and you might be looking for quicker confirmations(i.e. renewing your cost); in such situations paying high fees becomes inevitable.

Coffee_Lord

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Well, I tried my luck with a low fee (~9 Sat/byte) a few weeks ago on a small transaction. Now I'm stuck with an unconfirmed and dusty transaction. Ugh! Trying to figure out how to get it unstuck is taking more time than the money was worth.

In future, I will be sticking with recommended fees. You never know when the low fee will bite you.

ekans45

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Quote from: chaser15 on June 03, 2017, 01:47:01 PM

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 used medium fees but lately it's now decent high, 100,000-150,000 satoshis is too much for a fees. That is $2 on USD value. To minimize the cost, I always transfer in bulk. But Im considering using low fees now but not to wait for 2 or 3 weeks. Id rather pay for 1 to 2 days than weeks eventhough Im not using my bitcoin.

You never know what will happen so it's good be ready. We can earned the lost money but for the needs, we must be ready anytime.

I also preffer on choosing the medium fee because if I will look a the time lapse of every transaction I can see that most of transaction have the same mode or time of delivery. For me it's better to manage every transaction so whenever the time you made transaction you can lessen the fees because you can have big transaction at a time. And also make your choice dependent on your needs so you can choose to take a low fees.

redbee

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No, I don't, I always use high fees for my transactions so that I don't need to wait a long time to get my transaction confirmed

leyton11

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Quote from: Eminem23 on June 10, 2017, 10:49:53 AM

Quote from: myelbow4 on June 10, 2017, 10:36:00 AM

Quote from: momagic on June 10, 2017, 10:28:05 AM

I use the middle fees, it enable my transactions to be confirmed in a safe way, not so fast but it still can be confirmed

That's clever, I used to use small fee so that some transactions can not be confirmed, I think I should change my mind now

I would not mind using a low transaction fee. But this will do me a very long wait. That's why I also use the average commission. But even with this option, sometimes you have to wait a long time

Me too, It is not only make sure that our transaction will be confirmed but also make us fell comfortable for not being waited for a long time to get confirmed

Eminem23

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Quote from: myelbow4 on June 10, 2017, 10:36:00 AM

Quote from: momagic on June 10, 2017, 10:28:05 AM

I use the middle fees, it enable my transactions to be confirmed in a safe way, not so fast but it still can be confirmed

That's clever, I used to use small fee so that some transactions can not be confirmed, I think I should change my mind now

I would not mind using a low transaction fee. But this will do me a very long wait. That's why I also use the average commission. But even with this option, sometimes you have to wait a long time

Warry

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No, I have never used low fees because I do not want my transaction to be forgotten,I just want my money safe so that I choose using high fees for every transactions

myelbow4

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Quote from: momagic on June 10, 2017, 10:28:05 AM

I use the middle fees, it enable my transactions to be confirmed in a safe way, not so fast but it still can be confirmed

That's clever, I used to use small fee so that some transactions can not be confirmed, I think I should change my mind now

Lieldoryn

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Activity: 630

Merit: 272

Not always the lowest fee for transferring money is a guarantee that you will not get your money. Until recently, XAPO does not charge a fee for the transfer and I have never had a problem. I now choose low cost for the transfer and it allows me to save. I have no problem to wait for some time and thus to reduce the fee for the payment.

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