Topic: Bitcoin fees - page 3. (Read 689 times)
I think like ethereum or bitcoin transaction costs can change dynamically following bitcoin network traffic but the bigger question is how this situation will develop more specifically there is a growing need for faster and cheaper Bitcoin transactions.
Bitcoin transaction fee is more expensive or is the highest as far as cryptocurrency is concerned I believe the reason is clear because bitcoin is the leading coin here in the crypto world with higher value more liable so the transaction fees can not be the same as that of other altcoins.
As far as I know, Bitcoin fees is more expensive as long Bitcoin's price is getting higher but its still far lower than banks fee when Bitcoin's price below $10k. Ethereum is more lower fee than bitcoin because as i know Etehreum's price is more lower than Bitcoin.
Absolutely, the fees on each network will depend on how many transactions there are on each of them. In early 2018 fees on Bitcoin were up to 20$ at one point ! For the future, it will also depend on the Lightning Network for Bitcoin and maybe projects like Raiden Network for Ethereum, which is basically LN for Eth.
But for transaction and transfer fund all around the world, transfer fee on bitcoin and ethereum is lower than banks fee
I think that transacting with Bitcoin have bigger fees compared to Ethereum but that is if you are sending to an external wallet. To avoid those high fees there is a way of doing that. And that is to use one and the same web-wallet host website. For example like coins.ph if you transfer bitcoins to other users using the same site there are no fees but if you are going to send it to external wallets then that is the time that you will pay the huge transaction fees. You can compare properly here
BTC - https://bitcoinfees.earn.com/
Eth - https://bitinfocharts.com/comparison/ethereum-transactionfees.html
- https://ethgasstation.info/
BTC - https://bitcoinfees.earn.com/
Eth - https://bitinfocharts.com/comparison/ethereum-transactionfees.html
- https://ethgasstation.info/
How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.
When we are talking about fees, actually it depends on how many transactions which made to the coin (bitcoin or etherium). When people use bitcoin most. It means that the fees will be high, it will be happen the same on eth toothere is a big difference though!
the backlog in bitcoin was 90% spam attack against the network and most of that attack was from different campaigns wanting to force their scaling solution on bitcoin for their own purpose.
the backlog in ethereum was simply usage of it from ICOs and lots of other pointless transactions that are naturally occurring on it.
the difference is that bitcoin can handle its current adoption needs and handles the users' transactions well. but ETH can not even handle a small surge of transactions.
How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.
When we are talking about fees, actually it depends on how many transactions which made to the coin (bitcoin or etherium). When people use bitcoin most. It means that the fees will be high, it will be happen the same on eth toothere is a big difference though!
the backlog in bitcoin was 90% spam attack against the network and most of that attack was from different campaigns wanting to force their scaling solution on bitcoin for their own purpose.
the backlog in ethereum was simply usage of it from ICOs and lots of other pointless transactions that are naturally occurring on it.
the difference is that bitcoin can handle its current adoption needs and handles the users' transactions well. but ETH can not even handle a small surge of transactions.
How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.
When we are talking about fees, actually it depends on how many transactions which made to the coin (bitcoin or etherium). When people use bitcoin most. It means that the fees will be high, it will be happen the same on eth tooHow are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.
When we are talking about fees, actually it depends on how many transactions which made to the coin (bitcoin or etherium). When people use bitcoin most. It means that the fees will be high, it will be happen the same on eth too As the price rises while the bitcoin price appears to increase, each FEE for transaction will occur in bitcoin okay with other altcoins because the bitcoin was bigger then the fee.
As the price rises while the bitcoin price appears to increase, each FEE for transaction will occur in bitcoin okay with other altcoins because the bitcoin was bigger then the fee.
Bitcoin transaction fee is a little bit high now but because it is anonymous and it is safe, this price is ok to me
If you use exchanges, it vary.
Generally bitcoin has higher transactions fee.
If you use wallet, it depends on how much you are willing to pay for the fees to get a higher speed of confirmations. You can pay as low as almost zero fee for both bitcoin and ETH with wallets.
That is also what I observed on different exchanges that requires high transaction fees even the price of bitcoin down but increase more when the bitcoin is getting much expensive which is unfair to those traders and investors. Even higher transaction fee can get fast transaction many are waiting for huge volume yo transfer to use efficiently the fee. Generally bitcoin has higher transactions fee.
If you use wallet, it depends on how much you are willing to pay for the fees to get a higher speed of confirmations. You can pay as low as almost zero fee for both bitcoin and ETH with wallets.
the larger the bitcoin price the greater the transaction cost, but you can convert it to another doge or coin to make the transaction cost cheaper, I usually use doge or stellar, you can try it that way if the bitcoin transaction cost is too expensive
Whatever the ratio is at present it is irrelevant. The one that gets to be dominant in the market will experience same problems: getting stuck waiting for confirmations, incredibly high transaction fees, etc. We have seen it in Bitcoin in December of 2017 and this is current reality for Ethereum too.
It is because of the nature of those blockchains, of how it was ill-conceived, and I am really becoming more and more afraid that the devs cannot propose any cure for it.
It is because of the nature of those blockchains, of how it was ill-conceived, and I am really becoming more and more afraid that the devs cannot propose any cure for it.
There will be upcoming sites that can look at this trend to attract more customers in the near future and that is to use a web hosting web wallet the same.
I prefer in terms of transaction costs between bitcoins and ethereum I also prefer to use ethereum in transactions because ethereum is cheaper to use.
You can compare with these sites.
BTC - https://bitcoinfees.earn.com/
Eth - https://bitinfocharts.com/comparison/ethereum-transactionfees.html
- https://ethgasstation.info/
The most feature that every coin is developing are about the fee and faster confirmation.
If it's about the fees most will be in favor of ETH.
Thanks for your reply. BTC - https://bitcoinfees.earn.com/
Eth - https://bitinfocharts.com/comparison/ethereum-transactionfees.html
- https://ethgasstation.info/
The most feature that every coin is developing are about the fee and faster confirmation.
If it's about the fees most will be in favor of ETH.
How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.
Transacting with the use of bitcoin have bigger fees compared to Ethereum but that is if you are sending to an external wallet. To avoid those high fees there is a way of doing that. And that is to use one and the same web-wallet host website. For example like coins.ph if you transfer bitcoins to other users using the same site there are no fees but if you are going to send it to external wallets then that is the time that you will pay the huge transaction fees.
Is it valid for other websites as well?
Is BTC transaction fee the same for every exchange or it only depends beneficiary`s wallet address location?
Can someone clarify exactly?
What he describes is a user to user transaction between coin.ph wallets.
Is basically what paypal offers for personal accounts.
They don't actually do the tx on the chain, they just change numbers in your account, no coins are actually moving.
Tx fees on the chain don't care about the sender or the receiver, it's all about the tx size in bytes.
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