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Topic: Bitcoin fees so high? (Read 394 times)

newbie
Activity: 28
Merit: 0
December 20, 2017, 02:42:20 AM
#45
IMHO you can send 100 satoshi per byte and try to push the transaction with free accelerator like viabtc. That way you could somehow save a few dollar if you are worrying about transaction fee.
sr. member
Activity: 343
Merit: 250
December 17, 2017, 11:49:24 AM
#44
I think the main reason why it is starting to get high is that because of its currency, I think that bitcoin is slowly getting attention, this is why BTC fees are starting to get expensive, because they know that people would tend to strive hard and influence more if BTC fees start to crack up, but still I don't its our loss since we gain the exact amount we need when we invest or mine BTC so I think there's no problem with that.
sr. member
Activity: 476
Merit: 256
December 17, 2017, 11:49:11 AM
#43
This is one of the major problems that bitcoin is experiencing. the amount of the transaction is too large making the transaction is delayed and confirmed time lasts, so only increases transaction costs. This is one reason why Bitcoin cash was born. Even in the developed countries, users also started complaining about Bitcoin transaction fees. bitcoin must resolve this problem before investors moved to altcoin better it

full member
Activity: 336
Merit: 100
ELYSIAN | Pre-TGE 5.21.2018 | TGE 6.04.2018
December 17, 2017, 11:34:07 AM
#42
btc value is very high,so no wonder that transaction fees will be so high too.but be intelligent,make some way to lessen your fees,your profit will be useless if you didn't find some techniques to lessen fees.
full member
Activity: 322
Merit: 100
December 17, 2017, 11:30:07 AM
#41
why has the bitcoin fee for each transaction recently been so high?
It was easier to send 10-15 usd before but these days the fees are more than that.
Any wallet which takes less fee?Im fine with delayed confirmation.
because the BTC price goes up so it's reasonable if fee Bitcoin also go up.
I am not concerned about the BTC fee because my income is more than ever.
I think the lowest fee of all markets is around 0.0005.
sr. member
Activity: 913
Merit: 252
December 17, 2017, 11:23:32 AM
#40
I am already using Bitcoin Cash for making most of my transactions. Even after calculating for the fee in converting BTC to BCH, and then back to BTC, it is still profitable (for small and medium sized transactions).
sr. member
Activity: 1148
Merit: 251
December 17, 2017, 11:21:12 AM
#39

Can anyone create a way to charge BTCs easily adjusted like ETH? At present, the high BTC fee is too difficult for investors because I was rejected too!

Hope there is a way to have less fees in every btc transactions. These days every doing transactions is in large fees and some users hesitate for doing transactions because of this. I hope their would come up for a resolution of charging this high fees.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
December 17, 2017, 11:15:34 AM
#38
If you want to pay less for transaction fee I think you should use Bitcoin wallet that you can set up your own transaction fee like Electrum. But for now when Bitcoin mining difficulty is really high, I think we need to pay more for transaction fee to complete our transaction fast as normal cause it'll take longer time to mine a block. Although you can customize transaction fee but you should pay at least 0.0003 for it.
In Bitcoin Core you could set your own fee, but then you risk not getting confirmed for days,maybe weeks.
newbie
Activity: 146
Merit: 0
December 17, 2017, 10:59:59 AM
#37

Can anyone create a way to charge BTCs easily adjusted like ETH? At present, the high BTC fee is too difficult for investors because I was rejected too!
member
Activity: 252
Merit: 14
Marketplace for sensor data
December 17, 2017, 10:58:16 AM
#36
If you want to pay less for transaction fee I think you should use Bitcoin wallet that you can set up your own transaction fee like Electrum. But for now when Bitcoin mining difficulty is really high, I think we need to pay more for transaction fee to complete our transaction fast as normal cause it'll take longer time to mine a block. Although you can customize transaction fee but you should pay at least 0.0003 for it.
hero member
Activity: 1273
Merit: 507
December 17, 2017, 10:57:57 AM
#35
why has the bitcoin fee for each transaction recently been so high?
It was easier to send 10-15 usd before but these days the fees are more than that.
Any wallet which takes less fee?Im fine with delayed confirmation.

Mine too the transaction fee is so high , like let's say 1000 something like that on ph , the transaction fees on coins.ph is almost 1500k pesos. But I don't know in some other wallet , my question to is there any wallets that have less transaction fees? And as far as I know why the transaction fee is so been high , is because of the price of bitcoin to I guess , the price of the bitcoin is extremely high so I guess the transaction fee would be too. Because of the demand of it.
member
Activity: 280
Merit: 16
December 17, 2017, 10:37:06 AM
#34
I dont worry now cause of  increasing the fee, i advise you just to wait till the blockchain will not so be overloaded. Crazy bitcoin price rally attracted attention of many new investors and traders, so there is nothing you can do with. Here we see the work of the basic  market law of supply and demand. The more people are ready to pay these transactions fees, the higher these fees are going to be. Don't make small not urgent bitcoin  transactions and no problem.

hero member
Activity: 560
Merit: 500
December 17, 2017, 10:26:43 AM
#33
why has the bitcoin fee for each transaction recently been so high?
It was easier to send 10-15 usd before but these days the fees are more than that.
Any wallet which takes less fee?Im fine with delayed confirmation.

It doesn't matter which wallet you're using there's a way to decrease the fee. I my self use the customize option to pay low fee, and the wallet which i used is block chain. Also i would like to add more there's limit of customize like you can't pay 0.01$ fee for big amount. You can blame the networks also which is growing and price which is causing so high fee.
member
Activity: 630
Merit: 10
December 17, 2017, 10:00:50 AM
#32
It's because of the bitcoin price I guess Smiley I think the more in rise the more fees needed, or I think it's because of the wallet you're using? Try to use some exchanges, as a wallet who has a low fee and transferred it if you need to withdraw or theres some wallet who has a low fee try to explore Smiley
full member
Activity: 294
Merit: 100
Tokenize Fantasy Sports
December 17, 2017, 08:43:56 AM
#31
why has the bitcoin fee for each transaction recently been so high?
It was easier to send 10-15 usd before but these days the fees are more than that.
Any wallet which takes less fee?Im fine with delayed confirmation.
Bitcoin transaction fees are getting higher every day because millions of people are conducting transactions over bitcoin blockchain network. The more people on the network the slower the network is going to be. But if you can pay the higher transaction fee (miner fee) your transaction gets processed quickly. you should try Xapo i think their transaction fee is more affordable.  

Xapo tried to rob me over 1 million of satoshi

they attracted me without transaction fees.
Then they have set transaction fees
And now they forbid me to access my account because I have not an android mobile phone.

To attract me it was not necessarary...

For me Xapo is my biggest scammer.
LOL. I just used Xapo for few days before and I never using it one more time Smiley). Xapo users have to pay too much fee, with other wallet we just need to pay the transaction fee but with Xapo we have to pay transaction fee and deposit fee. LOL. When I received about 0.0001 or 0.0002 BTC from few twitter tasks, It's just enough to pay the deposit fee.
newbie
Activity: 49
Merit: 0
December 17, 2017, 08:29:37 AM
#30
From what I know, most exchanges have about a 0.5% fee, no?
full member
Activity: 448
Merit: 110
December 17, 2017, 08:10:53 AM
#29
why has the bitcoin fee for each transaction recently been so high?
It was easier to send 10-15 usd before but these days the fees are more than that.
Any wallet which takes less fee?Im fine with delayed confirmation.

No wallet take less fee. The wallets help to tweak the transaction fee in order that your transaction gets confirmed in as few blocks as possible according to the current rate hence the high transaction fee. Even if you are fine with delayed confirmation you still need to pay some fee all the same. The last transaction I did of $47 last Tuesday, I paid $3 as transaction fee (low priority) and the transaction was only confirmed this morning. The wait was not worth it for me.

newbie
Activity: 15
Merit: 0
December 17, 2017, 08:09:50 AM
#28
Whenever a bitcoin transaction happens, a miner needs to verify it. A miner will do it for some fees, so as the prices of bitcoin rises and the number of bitcoin transaction increases, the miner's cost will increase. Whenever you are making a transaction make sure you include the correct miner fee, many wallets give recommend what fee's to be paid.
hero member
Activity: 3080
Merit: 603
December 17, 2017, 08:03:24 AM
#27
why has the bitcoin fee for each transaction recently been so high?
It was easier to send 10-15 usd before but these days the fees are more than that.
Any wallet which takes less fee?Im fine with delayed confirmation.
Demand of bitcoin is increasing and people who transact on it everyday is increasing too so that affects the fee when we are sending to other address. The wallet that I use now is blockchain.info and it's recommended fee is changing from time to time so I tried to transact today and fee isn't that much.

IMHO you can send 100 satoshi per byte and try to push the transaction with free accelerator like viabtc.
If you did not mean to pay a very small fee for your transaction viabtc will not accept and also it's hard to get accelerated there it's always try again later.
copper member
Activity: 434
Merit: 278
Offering Escrow 0.5 % fee
December 17, 2017, 07:50:07 AM
#26
IMHO you can send 100 satoshi per byte and try to push the transaction with free accelerator like viabtc. That way you could somehow save a few dollar if you are worrying about transaction fee.

P.S At the time of writing this the bitcoin transaction minimum fee is 0.001BTC
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