Bitcoin fees - page 4. | Bitcointalksearch.org

buwaytress

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Quote from: stompix on July 13, 2018, 07:45:22 AM

Quote from: triciaa478 on July 12, 2018, 11:04:59 PM

Quote from: NeverSop on May 07, 2018, 10:41:04 AM

The bitcoin transaction fee is extremely low. It is based on modern blockchain technology. This is a great opportunity for investors to enter the cryptocurrency market with ease. Future bitcoin will increasingly attract more investors.

I don't think you have traded bitcoin before , if you have you won't say the bitcoin transaction fee is low. At a low peak when the network is not congested, I pay about 5 percent on my transanctions from blockchain.info account. Even that is not priority ,but regular.

It's you who is not understanding what fees are, not him.
You pay from a web wallet, a fee that is imposed by the company that owns it.
Blockchain.info can set withdraw fees as they wish, it doesn't matter what the average tx on the blockchain (not.info) is.
Same for locabitcoins which charges a deposit fee!!!!

In the last block, this tx got confirmed..

Total Input   2 BTC
Total Output   1.999995 BTC
Fees   0.000005 BTC

Is this low enough for you?

I guess people only see what they want to see. And this is yet another example of actually how very few people there are "into Bitcoin" that know how to use Bitcoin at its most basic level. They get a Coinbase wallet or similar, have never interacted directly using their own private keys, and then complain about fees and how vulnerable Bitcoin is to hacks.

5% of transactions is also way ridiculous, I have been paying about 141 satoshis on almost every transaction made in the past 2 months. So even if I sent a dollar I'm barely paying 1% (and I don't send $1 payments).

Asimmo

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Quote from: Xester on May 07, 2018, 08:31:20 AM

Quote from: brawdias on May 07, 2018, 08:25:09 AM

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.

Really didn`t know this.
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?

IanKaramazov

newbie

Activity: 79

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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.

suindendoshi

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From my experience, I can say that the Commission of bitcoin is much higher than that of Ethereum. Also, bitcoin has a very small number of payments in processing and transactions can hang for a long time waiting for confirmation. I can't say the same about Ethereum. But here, too, there are disadvantages. There are other coins for example like waves which really have quite a lot of advantages unlike bitcoin and Ethereum.

tungaqhd

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Quote from: brawdias on May 07, 2018, 08:25:09 AM

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.

I am using blockchain wallet and the fee is very low i think (because i alway set it less than 4 usd). I think ETH fee is much higher i think but the speed might be faster because bitcoin transaction is very slow when there are too many people send it.

Lagduf

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Quote from: Luigieee on July 12, 2018, 10:39:39 PM

Bitcoin was fee was high compared to ethereum,because bitcoin has so many user and the blockchain was getting to traffic so they need to take the fee into high to be getting fast you transaction.

Before try to create any comment and i suggest you to visit this site https://bitcoinfees.earn.com/
The transaction fees is very cheap right now and then you can try to fuck off and stop to create the more bullshit thing about that. You are speaking nothing about that.

waitforme

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It is possible that Ethereum's current fees are meagre compared to Bitcoin because Ethereum has a lower price than Bitcoin. If Ethereum has the same rate as BItcoin, I'm sure the cost per transaction will be double Bitcoin.

patron bounty

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Quote from: NeverSop on May 07, 2018, 10:41:04 AM

The bitcoin transaction fee is extremely low. It is based on modern blockchain technology. This is a great opportunity for investors to enter the cryptocurrency market with ease. Future bitcoin will increasingly attract more investors.

I think at this time the cost is still too high, but we do not know.
maybe in the future bitcoin transaction costs will become cheaper than at present.

musta5a

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Quote from: jayveerastrullo on July 09, 2018, 02:15:18 PM

So, bitcoin fees are really depends on the value of bitcoin. Like of bitcoib goes up the bitcoin fess will also goes up quite. And when the bitcoin drops then that is the time bitcoin fees will go down. Bitcoin value and bitcoin fees are directly proportional. And with bitcoin fees it is the only way of income of some websites so it's like you gain you share.

they go higher if you think of them in fiat. But truth is that if the price spikes then people are more interested in crypto and we see higher volume of transactions. That needs to be fixed

stompix

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Blackjack.fun

Quote from: triciaa478 on July 12, 2018, 11:04:59 PM

Quote from: NeverSop on May 07, 2018, 10:41:04 AM

The bitcoin transaction fee is extremely low. It is based on modern blockchain technology. This is a great opportunity for investors to enter the cryptocurrency market with ease. Future bitcoin will increasingly attract more investors.

I don't think you have traded bitcoin before , if you have you won't say the bitcoin transaction fee is low. At a low peak when the network is not congested, I pay about 5 percent on my transanctions from blockchain.info account. Even that is not priority ,but regular.

It's you who is not understanding what fees are, not him.
You pay from a web wallet, a fee that is imposed by the company that owns it.
Blockchain.info can set withdraw fees as they wish, it doesn't matter what the average tx on the blockchain (not.info) is.
Same for locabitcoins which charges a deposit fee!!!!

In the last block, this tx got confirmed..

Total Input   2 BTC
Total Output   1.999995 BTC
Fees   0.000005 BTC

Is this low enough for you?

triciaa478

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Activity: 350

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Quote from: NeverSop on May 07, 2018, 10:41:04 AM

The bitcoin transaction fee is extremely low. It is based on modern blockchain technology. This is a great opportunity for investors to enter the cryptocurrency market with ease. Future bitcoin will increasingly attract more investors.

I don't think you have traded bitcoin before , if you have you won't say the bitcoin transaction fee is low. At a low peak when the network is not congested, I pay about 5 percent on my transanctions from blockchain.info account. Even that is not priority ,but regular.

pendong101

newbie

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I think the higher you pay for fee is the faster you get transaction confirmation and it depends on the coin price too that's what i know

dmty.0809

sr. member

Activity: 756

Merit: 250

For fee fee is seen from the price of coins, the more expensive the price of bitcoin and ethereum then the tax will be more expensive, I am sure it is. If the bitcoin price is 1 billion, then the tax could be 1 million transactions

Shreek

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on average I do withdraw using BTC in charge fee 0.001 BTC or equivalent to 6 USD
and if I withdraw using ETH is usually loaded at 0.005 ETH, or about 3 USD, but the Ethereum network that often experience constraints makes me prefer withdraw in the form of BTC

Luigieee

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Bitcoin was fee was high compared to ethereum,because bitcoin has so many user and the blockchain was getting to traffic so they need to take the fee into high to be getting fast you transaction.

pedropenduko001

newbie

Activity: 85

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I think the higher the price the higher the fees it will be for transaction process that's what i know

HatakeKakashi

hero member

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Bitcoin and ethereum fees now is good or very low compared to the last year december 2017 when bitcoin reached 20k dollars the transaction fee increased too. But because bitcoin decreased price the fee also is decreased and this is very helpful.

richpham

newbie

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There will be upcoming sites that can look at this trend to attract more customers in the near future. For example, if you transfer bitcoin to other users using the same site, there is no charge, but if you plan to send it to an external wallet then that is the time you will pay huge transaction fees.

Arafat01775

newbie

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To me its normal think. Again many people think that its high. But not only bitcoin transaction fee is high than other coin. Its all fees are same fore currency. Its tottaly depends on your mind.

Jimmi Andersen

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Since we are talking about transaction fees, let me draw an analogy. Bitcoin has the most expensive Commission among all crypto-currencies. Ethereum has a much lower transaction rate, and it is much faster. Eos without Commission at all, but it found a lot of broken codes. Make a conclusion what coin is better. My choice Ethereum

Topic: Bitcoin fees - page 4. (Read 721 times)