Bitcoin fees - page 5. | Bitcointalksearch.org

royalparade01

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Quote from: nanda1280 on May 07, 2018, 10:12:21 AM

Transaction bitcoin charges usually occur for free if the amount of Bitcoin shipped exceeds 0.01 BTC. Bitcoin in small quantities is given to miners as a reward for processing the transaction and putting it into blockchain. For now, most transactions are processed for free, but for deals that attract coins from multiple Bitcoin addresses so that it requires a larger portion of data, it will incur very small transaction fees.

The fees displayed here are Satoshis (0.00000001 BTC) per byte of transaction data. Miners usually include transactions with the highest fee/byte first.
Wallets should base their fee calculations on this number, depending on how fast the user needs confirmations.

ajiejot

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Quote from: brawdias on May 07, 2018, 09:25:09 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.

It is based on the traffic of the coin, for example, if there are many transaction at the same time in the network, it is the traffic of the network. For example in ethereum, there are many people sending ethereum to another wallet at the same time, so sometimes, the transaction fees are very high and expensive.

Caxton10

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Quote from: brawdias on May 07, 2018, 09:25:09 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.

Low transaction fee is one of the strengths that ethereum has over bitcoin but it will take a long while for ethereum to out weighs bitcoin's potential.

jayveerastrullo

jr. member

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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.

etron

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Quote from: brawdias on May 07, 2018, 09:25:09 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 think for both the coins are the same as etherum or bitcoin and here we as users are just to make a profit and to improve our lives from adversity so both coins are very important to make a profit. but if you want to search for profound profits do investment in bitcoin because bitcoin is the number one virtual currency.

aliichaudhary

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For transaction cost issues between bitcoin and ethereum I also choose to use ethereum in transactions, because ethereum is cheaper to use.

da7a1oad3r

jr. member

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Heard a lot of stories when a people been paying with BTC for something and the fee were two times higher the price Grin

satriagedhe

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want added the info , in exchanger the bitcoin fee like 50 k satoshi - 100 k satoshi or like 3,3$-6,6$
and for etherum like 0.005 eth or 2.4$

maneka

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Bitcoin fees are decreasing:
- Fewer transactions result in lower transaction costs, which ensures that users integrate their bitcoin (BTC) into their SegWit account. Transactions from a SegWit benefit from lower transaction costs.
- Some commercial players have begun to see the benefits of using a BTC as a coin, though Steam and Stripe now reduce the cost of bitcoin payments and its volatility. Both companies accept bitcoin for bulk transactions, low value, and will continue to use bitcoin as a payment option.
- These payments may continue to be pushed down to the future Lightning Network (LN), a two-way payment channel, locking up time allowing almost free transactions. WooCommerce shows an active LN channel, although the LN solution is still in the testing phase in further development and testing.
- Lightning Network is a scalable bitcoin solution that makes bitcoin network more flexible and improves speed and transaction costs.
However, larger deals, such as real estate transactions in Miami and New York, school fees, even attorney fees continue to be paid by bitcoin. A Montessori school in New York even ranks bitcoin and ethereum on par with other cash or prepay transactions, and does not accept credit cards.

kotulo

newbie

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I think the transaction fee should be low
It will attract more investors in the future

mineko

newbie

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I think all the transaction costs are there, as well as other coin coins, and transactions. bitcoin is probably still standard, and other coins are the same, and that's partly for our future using bitcoin.

Saritelli

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Transactions in the network bitcoin are now not very expensive. But soon it will introduce lightning and this will make bitcoin much stronger. Transactions will be very cheap and will go very quickly.

poletando

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PlayGame.com

bitcoin is have the expensive fee and the slower confirmation time than Ethereum, why? because we can see that bitcoin is have the more user than Ethereum and of course the queue of the transaction will be more than ethereum, it makes the fee and the time is slower than bitcoin

BitcoinGirlOlga

copper member

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Higher the bitcoin price the higher it will be for the fee from the transaction process and it has become part of cryptocurrency!!!

mineko

newbie

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I think if the transaction fee is reasonable, other coin coins also use transaction costs as well.

Thirdspace

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one thing for sure, you will lose your Gas (transaction fee) when your transaction failed caused by too low fees
with bitcoin, you won't lose your transaction fee when your transaction dropped by all nodes
ethereum gas is based on computational work of contract/transaction while bitcoin fee is based on transaction size

lotakasa

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The bitcoin fee will increasingly be proportional to its value

thesmallgod

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I have seen some interesting articles about cryptocurrency fees and I can say that there is some project startup that is working to address this. currently, bitcoin lightening network allow transaction of bitcoin with moderately small fees. also from experience the transaction fee paid depend on the type of wallet you are using and how fast you want your coin to be delivered. I use bitpay and I pay as small as 0.25 dollars for sending around 300 dollars. the fee can be reduced but the transaction rate will be slower

andika2018

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Quote from: brawdias on May 07, 2018, 09:25:09 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.

As far I know, bitcoin fees more expensive as long bitcoin price getting higher but its still far lowest than banks fee when bitcoin price below $10k. Ethereum is more lower fee than bitcoin because as far i know ethreum price more lower than bitcoin.
But for transaction and transfer fund all around the world, transfer fee on bitcoin and ethereum is lower than banks fee

pilnenkii

newbie

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The transaction fee is extremely low. It is based on modern blockchain technology. This is an excellent opportunity for investors to easily enter the crypto currency market. In the future, bitcoin will attract investors more and more.

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