Topic: Bitcoin fees make me angry - page 6. (Read 2375 times)
there are wallets making high transaction costs are also low. high or low transactions will affect the quality of your transactions. the higher the transaction costs you spend then the transactions that you do will be faster, and vice versa.
4.5$ actually not really high cause many exchanger have crazy fee
0.002 bitcoin pertransaction,, yeah that make me angry
0.002 bitcoin pertransaction,, yeah that make me angry
Now this has became a disadvantage for bitcoin. I think its time we shift to another coins (eth preferably) that has still low mining/transaction fee. Its like you if you convert your small amount if bitcoin, you could even end up getting only half of it, and half to the transaction fee.
what's going on with you ??, do you want to buy bitcoin while the price always goes up 
or vice versa ?, or what actually makes you angry with the bitcoin cost ??
or vice versa ?, or what actually makes you angry with the bitcoin cost ??
With the price of bitcoin above $7000 we are paying well close to $5 on an average to get the transaction going if you want faster transaction the price will increase further,it is being like this for sometime and sadly there is nothing we can do unless we hope that there will be a time when the network could handle everything smoothly with lower transaction fees. With the transaction fees so high it is hard to imagine using bitcoin for smaller transactions like we used to do in the past,it is only good to carrying out big transactions.
Not only you people are angry about the fees. I know that 2 USD is quite cheap for those whales out there and for those average bitcoin holders.
You may say that it's not too much but for me and to other people who are holding a very few amount of bitcoin, the fees now are really high and I can't transact when it's too high.
I remember that I had to transact and pay almost $20 just for my transaction to get confirmed.
You may say that it's not too much but for me and to other people who are holding a very few amount of bitcoin, the fees now are really high and I can't transact when it's too high.
I remember that I had to transact and pay almost $20 just for my transaction to get confirmed.
Yes i feel you. I hate the fees that's why i don't convert as much as possible. I hold my btc and convert only when there's an emergency or if i ran out of money. Someday it'll be better. We'll just hope it will. Sigh.
Use mycelium wallet instead. If i'm not mistaken the last time I made a withdrawal the high-prio fee is only more or less than 50ksats that takes 10mins to have a confirmation. I used normal fee the last time with only 23k sats. But actually the fee wasn't that big for me it just happen that the price is high.
The high-priority fee setting is much higher now, as the network is facing significantly more congestion. Using standard (legacy) addresses/outputs, the median fee required to get in the next block is currently 320 satoshis/byte, per https://bitcoinfees.earn.com. And if you use the 1 satoshi/byte setting, it's likely your transaction will never confirm.
I think now that 2x has been called off that Jihan and Bitmain are spamming the network. Makes sense now that Bitcoin Cash just lost its only major competitor for the "Bitcoin" brand. As BTC transactions become more expensive, BCH transactions begin to look more attractive to users. This is intentional.
Use mycelium wallet instead. If i'm not mistaken the last time I made a withdrawal the high-prio fee is only more or less than 50ksats that takes 10mins to have a confirmation. I used normal fee the last time with only 23k sats. But actually the fee wasn't that big for me it just happen that the price is high.
Unfortunately, Bitcoin fees are high especially when we are just before the hardfork. A lot of people transfer their bitcoins to exchanges in order to quickly claim and sell forked coins right after they are available for trading. SegWit has solved temporarily the problem of expensive transaction. However, it won't do much if majority of network continue to use legacy addresses.
Coinomi wallet is good to me because you can adjust the fee and set . The fee will be minimal
The fee's are more favorable to bigger amounts, it's very annoying making smaller transactions.
I have noticed this too for bigger payments. However, ordinarily one would've thought that the recent fork would've ameliorated this issue of high transaction fee charge as well as the backlog of transactions on blockchain. What is the essence of continuous and replicate forks of minute issues like this aren't taken care of. It's now quite discouraging sending small amount of btc across. 
What the hell ?
it's way too much . i pay higher on fees than the amount i'm sending to people
and i work a lot with bitcoin on small amounts..
The best solution i found now is pay using ETH , then convert it to BTC using changelly. (something like 0.2$ fees) and its automatic.
Shapeshift is also take huge fees and blockchain.info support it to be part of their site. (don't use) .
it's way too much . i pay higher on fees than the amount i'm sending to people
and i work a lot with bitcoin on small amounts..
The best solution i found now is pay using ETH , then convert it to BTC using changelly. (something like 0.2$ fees) and its automatic.
Shapeshift is also take huge fees and blockchain.info support it to be part of their site. (don't use) .
Sad to say but we have no control over these things. Since we transact our coins in their storage at least we give them a share. I know it's rather high but we have no better alternative for this. It's just sad that a small bitcoin trader like me will get less profit because of these outrageous transaction fees.
What the hell ?
it's way too much . i pay higher on fees than the amount i'm sending to people
and i work a lot with bitcoin on small amounts..
The best solution i found now is pay using ETH , then convert it to BTC using changelly. (something like 0.2$ fees) and its automatic.
Shapeshift is also take huge fees and blockchain.info support it to be part of their site. (don't use) .
it's way too much . i pay higher on fees than the amount i'm sending to people
and i work a lot with bitcoin on small amounts..
The best solution i found now is pay using ETH , then convert it to BTC using changelly. (something like 0.2$ fees) and its automatic.
Shapeshift is also take huge fees and blockchain.info support it to be part of their site. (don't use) .
We have nothing to do with it, transaction fees are included in every transactions we made, it's a package deal, it is not free.
Even if it makes us angry but we cannot argue with anyone here about the fees so let us just accept the fact that for every transaction there is a huge fees included.
It's normal, we can pay miners because they are the one who generating our transactions and that is good. In every wallet, there are the same fees, sometimes the confirmation is too slow. Just wait and calm.
indeed for tranbsaksi costs if we transaction just a little will feel very heavy in the appeal with a large transaction costs.
There's an alternative, one which was implicit in the original plans for Bitcoin - that the widespread, distributed mining was cheap and written off as a hobby/interest in maintaining the project. ASIC and mining farms weren't in the plan and they've skewed the project. Ideally transaction fees should be tiny and high volume makes mining viable.
As it is I laugh and cringe every time I read someone advocate no or low fees as advantage for Bitcoin, when its 5-10x a debit card transaction to get in the next block, and only large transactions/movements of bitcoin are financially advantageous.
As it is I laugh and cringe every time I read someone advocate no or low fees as advantage for Bitcoin, when its 5-10x a debit card transaction to get in the next block, and only large transactions/movements of bitcoin are financially advantageous.
It doesn't matter if there is one big miner with 1 trillion s9 or 100 nerds with r4 mining.
The number and hashing power of the miners affects only the difficulty not the size or the block or the time between blocks.
The fees are growing because the space is limited and we have more and more transactions, so demand and offer kick in.
Since we have limited space the one that pays the bigger fee gets the spot.
And it's pretty normal that guys moving thousand of dollars will pay 4 or 5$ to get fast confirmation while the rest will hope to get a spot in the remaining space, but with 4$ transaction fee it is really not feasible to try and move 10$.
same, sometimes i also very angry about bitcoin fees, its too much high, i will give a suggestion to bitcoin that please depreciate the bitcoin fees, so more and more people will attract toward bitcoins.
Bitcoin is not a person, it's not an organisation and it has no customer support.
The ones that are driving the fees up are we, the users, competing for a fast tx confirmation.
Yes some times bitcoin fees interrupt the transactions which are of low amount. The bitcoin transaction fees are very unstable it can increase and decrease any time and no on can predict it. sometimes people skip bitcoin payments for this but i think as more and more people start using bitcoin the fees will be lowed as transaction per day increases and this will make small bitcoin transaction fees affordable .
Exactly the opposite!
As more and more people will use bitcoin the fees will go up as we have more transactions per second to add to the chain.
What the hell ?
it's way too much . i pay higher on fees than the amount i'm sending to people
and i work a lot with bitcoin on small amounts..
The best solution i found now is pay using ETH , then convert it to BTC using changelly. (something like 0.2$ fees) and its automatic.
Shapeshift is also take huge fees and blockchain.info support it to be part of their site. (don't use) .
What the hell kind of times are you sending your transactions at?it's way too much . i pay higher on fees than the amount i'm sending to people
and i work a lot with bitcoin on small amounts..
The best solution i found now is pay using ETH , then convert it to BTC using changelly. (something like 0.2$ fees) and its automatic.
Shapeshift is also take huge fees and blockchain.info support it to be part of their site. (don't use) .
Why are you not setting your own fees and ignoring what Blockchain recommend completely?
I am paying something along the lines of $1 CDN at the absolute worst and when I want something to be done quickly. There is now way that you should be spending that amount of money on a transaction. But the fault is completely on you if you aren't using platforms to their full potential and making sure you're aware of every feature. Most wallets let you set your own fees and make sure that you're happy with what you're spending - Blockchain.info included.
same, sometimes i also very angry about bitcoin fees, its too much high, i will give a suggestion to bitcoin that please depreciate the bitcoin fees, so more and more people will attract toward bitcoins.
What the hell ?
it's way too much . i pay higher on fees than the amount i'm sending to people
and i work a lot with bitcoin on small amounts..
The best solution i found now is pay using ETH , then convert it to BTC using changelly. (something like 0.2$ fees) and its automatic.
Shapeshift is also take huge fees and blockchain.info support it to be part of their site. (don't use) .
it's way too much . i pay higher on fees than the amount i'm sending to people
and i work a lot with bitcoin on small amounts..
The best solution i found now is pay using ETH , then convert it to BTC using changelly. (something like 0.2$ fees) and its automatic.
Shapeshift is also take huge fees and blockchain.info support it to be part of their site. (don't use) .
Yes this fees issue has been there for quite a while now, many of us have faced this kind of issue, but I feel it's wise to use Bitcoins for a bigger transactions, than use this kind of transactions, what you did was also correct, and sensible to, but I feel you should stick with bitcoins for large transactions, and higher returns, if you only do small transactions, then continue, your method but have large eth is bad, you won't get returns like Bitcoins.
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