Bitcoin fees - page 7. | Bitcointalksearch.org

hakertajniak

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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.

in ethereum you can visit the site ethgasstation.info to know how much is the standard price of ethereum fee.
but for bitcoin, i don't know where to find out. but i think bitcoin fee is higher than ethereum fee if you compared them.

Dondont

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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.

This is also become one of the thing that should be resolved soon. Bitcoin has a problem about its fee, also if calculated by bitcoin price right now. its still cant be compared. Some wallet provider and exchanger should make a rule about fee bitcoin.

i.e make a fixed fee 0.0001 BTC within certain amount of withdrawal maximum 0.1 BTC

iconternal

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In terms of cost it is true that bitcoin cost here is more expensive than ethereum cost and this makes me like to use ethereum.

yoseph

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Quote from: yantorobi on May 07, 2018, 07:34:16 PM

the higher the bitcoin price the higher it will be for the fee from the transaction process and it has become part of cryptocurrency, not just bitcoin but also there is Etherium and the other again

The price of bitcoin doesn’t have anything to do with the fees but rather when there is too many backlogs of unconfirmed transaction due to small block size, it increases the fees accordingly with those paying higher fees getting their transactions confirmed early.

kwakufavour

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It had been long since I made a transaction on the Bitcoin blockchain but I realized transactions have become faster than they used to be.
Transactions fees are cool for me even tho less could be much better. Let's hope for more updates make it faster and smoother for more transactions.

forumsehat

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I think that about the cost issue it could be because of the price of coin and also the market in transactions, because the more rising coin price hence the transaction cost will increase also, but I prefer to use ethereum.

yantorobi

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the higher the bitcoin price the higher it will be for the fee from the transaction process and it has become part of cryptocurrency, not just bitcoin but also there is Etherium and the other again

Meysa_richa

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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.

batang_bitcoin

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Quote from: stompix on May 07, 2018, 09:51:53 AM

~snip~

Hey mate thanks for the suggestion. I won't suggest that website anymore. Woah I saw the difference, it was overestimated and more than doubled. Though it's still depending on what exchange/wallet you are using with their recommended fee.

Quote from: Virtual miner on May 07, 2018, 11:53:33 AM

~snip~

I guess he's very worried with the fees there are some other altcoins that has lesser fees but I won't any of it since we are only discussing about ETH and bitcoin. I don't mind paying TX fees with bitcoin, feeling great to see and experience send more than $1k bucks with less than $1 fee.

monalia

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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.

If you checking less transaction fees Ethereum is the right platform. But Bitcoin is little higher transaction fees so many peoples are suggest to Ethereum. I think Bitcoin is faster transaction and high transaction cost at the same time Ethereum is less transaction fees and little slower than Bitcoin.

JoshuaBlack1

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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.

Scaling solutions will drastically reduce transaction costs and times over time I reckon. Eth with Raiden and Plasma and bitcoin with Lightning network and schnoor signatures once fully implemented will go along way to making that famous aim of buying a cup of coffee possible. Once the price discovery age we are in subsides that is.

Virtual miner

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Quote from: batang_bitcoin on May 07, 2018, 09:29:42 AM

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.

Yep!! Fess n faster confirmation are the factors that affect the decision of most of the investors regarding making an investment decision. Yet there are many other factors like value, performance, demand, etc. that help to determine the decision making regarding the crypto assets.

If you gotta consider the fees only, then that would not be a rationale investment decision. You see you are drawing comparison between two of the most strongest coins on the market platform. Both bitcoin and Etherum have their significant and valuable position in the market. But bitcoin is of course the BEST, keeping in mind all the factors. Rest choice is yours. (for the OP)

pxo.011

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fees for any crypto is cheaper than what you get if the fee system is percentage it will never above 20% of your earnibgs but mostly they are using fixed fee that is why many of trader think they lost a lot in the fee.

NeverSop

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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.

nanda1280

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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.

Dexion

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Quote from: Xester on May 07, 2018, 09:31:20 AM

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.

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.

very interesting, but I never tried using web coin.ph, you commented that sending bitcoin with web like coin.ph to the same web has no fees, and what if web coin.ph to other web or to the external wallet, is its fees relatively expensive?

Tmandeep

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Transaction fees are included with your bitcoin transaction in order to have your transaction processed by a miner and confirmed by the Bitcoin network. The space available for transactions in a block is currently artificially limited to 1 MB. This means that to get your transaction processed quickly you will have to outbid other users.

This site keeps a record of how Bitcoin transaction fees evolve over time.

The fees shown at the historic charts and tables are in US dollars per transaction and in satoshis per byte.

We also show the latest fee estimate in US Dollars/transaction in the list below. To calculate the fees per transaction, we consider that the average Bitcoin transaction is about 250 bytes big.

stompix

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Blackjack.fun

Quote from: batang_bitcoin on May 07, 2018, 09:29:42 AM

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.

Stop using that website!!!. It is always wrong, asking you to pay more than is needed.

Is bitcoinfees.earn.com systematically overestimating fees?

Use https://coinb.in/#fees.

Right now bitcoinfees is showing 50 satoshi per byte fee when a 10 satoshi per byte fee is enough for confirmation.

Chaki

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Why do you even ask about it, your deciding to create your own wallet or exchange? Wallet differ from each wallet how they charge transfer fee from wallet to wallet, and since BTC has bigger value than ETH then when you transfer them, then you can see also different in fees, depending on the wallet descriptions on how they give also their service to the user.

Xester

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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.

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.

Topic: Bitcoin fees - page 7. (Read 689 times)