Topic: Are you using low fees? - page 9. (Read 13460 times)
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
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
You should not use low fees for any transaction because it make your transaction easy to be forgotten, your transaction may never be confirmed 
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
You cannot use low fees for any transactions you do nowadays as your transaction will have a really big risk of never getting confirmed in the network. You should always use the recommended fee or just a bit lower so your transaction will confirm.
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
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.
Exactly because if you to get something that you buy you should pay high fee for the fast transaction but if you used low fees you will for a long time before you receive it. 
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. I hope that we will fixed these "FEES" problem because it is highway robbery just like the internet, if it will work these way then what is our difference in fiats in the real word?
I don't know, as I am using Poloniex Bitcoin wallet so that Bitcoin fee is always the same everytime I send Bitcoin.
And I think using a wallet that enable you to send a fixed fee is better, you don't need to worry about your transactions
Poloniex usually uses a very high fee because they want the receiver to get the money in a very fast manner.And I think using a wallet that enable you to send a fixed fee is better, you don't need to worry about your transactions
I usually don’t like to spend my coin online though when I send the coin to somebody with a Bitcoin address then I would send it with a very low transaction fee.
Currently using the lowest fee possible to transfers my bitcoins within the next 1-6 blocks. Due to the price of bitcoin right now, I'm more conservative into checking thinga and the fees that I'm inputting. Also, it would be a pain in the arse if you keep in waiting for a transaction only for it to be dropped by the network because of insanely low fees.
There’s nothing wrong with that, I use a small fee while sending a Bitcoin transaction and the whole thing gets multiple confirmations within 5 hours or really close to it. If I wanted to get my transactions approved faster than I would send my transactions with a high fee.
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?
Setting low fees doesn't mean you are going to get a confirmation within weeks. You may not get a confirmation at all. That's the danger of setting a low fee. You cannot be sure whether or not you will even ever be able to spend that transaction or not.
If after a few weeks no pool confirms your transaction(extremely likely since they don't want to waste block space on such a low amount of fees), then you have to use a transaction accelerator. That would mean that you will be paying way more than if you just paid your fair share of fees in the first place.
At least do like 150sats/byte. That's the lowest you can go imo to get a transaction confirmed within a day at the moment.
I'm not using low fees anymore as it would take days to confirm transactions. I have some friends that took at least a week before the transaction was confirmed. I usually use medium transaction fees but when i need it urgent i have no choice for high transaction fees.
We really need to find a solution for this high fee otherwise people will start dropping off bitcoin, and switch to other cryptocurrency, many bussiness which uses transactions on a daily basis are closing some of the gmabling sites are shutting down and trading has become unworthy, i suggest that high transaction fees should only be for poeple who are in a hurry who want thier transaction to be sent instantly, because for personal use and for someone who does not earn that much having high fees cut out from mu balance is somthing really bad.
Low fees all the way. Else I feel like throwing money away, and I'm the one feeling like garbage after!
For me I consider even 1$ as a low fee and so it depends on each individual and what they deem high or low. I'm currently spending under 1$ for medium size transaction to get confirmed within the next block and I'm ok with it.
Low fees all the way. Else I feel like throwing money away, and I'm the one feeling like garbage after!
For me I consider even 1$ as a low fee and so it depends on each individual and what they deem high or low. I'm currently spending under 1$ for medium size transaction to get confirmed within the next block and I'm ok with it.
No I wouldn't be able to use low fees in the least to be able to get anything done in a reasonable amount of time, it already takes a good amount of time to confirm a transaction when you're paying a disgusting amount of money which could be an average / up to $3.00 for one TX, which is already annoying, takes around 15mins to go ahead and confirm. Imagine if you'd be trying to use a low fee, this would take days to confirm OR IT COULD NEVER CONFIRM.
Don't get me wrong, I suppose I could do this on a TX where it doesn't really matter how lt takes to be able to get the product or service--but sadly out of convenience I'd be paying a high amount for something I could get free with my credit / debit card.
So, no I'm not using low fees and I really do pray that one-day we get a scaling solution that's going to help and get these dam fees down.
Don't get me wrong, I suppose I could do this on a TX where it doesn't really matter how lt takes to be able to get the product or service--but sadly out of convenience I'd be paying a high amount for something I could get free with my credit / debit card.
So, no I'm not using low fees and I really do pray that one-day we get a scaling solution that's going to help and get these dam fees down.
Looks like currently a fee of $0.41 gets you in the next block for a transaction matching the median size. The wallets are still recommending high fees, presumably because they burnt their fingers when they calculated too low fees recently. Now they are over-cautious or simply slow to adapt
I actually go for medium fees because I'm willing to wait but I'm not willing to wait for a really long time. When you choose low fees, be ready to wait for days before your transaction gets confirmed. When you choose high fees, you'd receive your money in between a couple of minutes to a couple of hours. I don't really need the money that urgently.
I tried low fees back then and it took me days. I thought what's going to happen if the coin is just there, stuck. But there's no worries after all because you can rebroadcast the transaction or add a transaction fee to it. If you're going to add fee in the end, might as well add that fee at the start instead so I always pick the medium fee.
I tried low fees back then and it took me days. I thought what's going to happen if the coin is just there, stuck. But there's no worries after all because you can rebroadcast the transaction or add a transaction fee to it. If you're going to add fee in the end, might as well add that fee at the start instead so I always pick the medium fee.
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?
It's depend on urgency level, if transaction is very urgent i will use higher fee otherwise i will use small fee if i wanna transfer btc to my another wallet
Unbelievable, this topic is always in the top, which shows that it is always of interest and discussion. It seems people are very concerned about the wallet of the bitcoin deal, it is a matter of urgency for people to overcharge transactions while transactions are slow. However, for business people, we should prioritize the speed of transactions, so we should use a reasonable fee.
No, low fees won't get you anywhere today. The mempool is huge and low fees will maybe take days to confirm. I use 488/byte. This is the fastest and most economical rate at the moment.
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?
It depends, there are things that need a fast confirmation because if you don’t get confirmed then you need to contact support and then tell them that it took longer than expected, since I prefer to avoid all that, most of the time I send a good enough fee, but when it does not matter if it takes a short amount of time or a long one then I send with a small fee. So, do you use low fees, or always want to get confirmation in a next few blocks?
Jump to: