Topic: Bitcoin huge fees - page 2. (Read 2457 times)
Yea bitcoin have really big fees but I heard that in the november it will be hard fork and I hope that this will be some kind of change which will decrease bitcoin transaction fee but I dont have much informations about that but still bitcoin is for me better than some fiat wallets because you dont need to give some your own private informations what is really good to protect your private informations,I prefer you to use smaller transaction fee even if transaction speed is slower because you save more money with that way.
Yes, the fees are much higher than usual. Bitcoinfees21 says that the fastest and cheapest transaction fee is currently 300 satoshi per byte. This is much larger than what is was previously.
I remember, yesterday I had to pay 2 dollars for a 6 dollar transaction fee. Way too much! But, I SegWit has worked. Fees are lower than the previous 420 satoshi per byte. So that is a relief.
But the main reason for the higher transaction fee is because Bitcoin miners are switching to Bitcoin cash. They are mining Bitcoin Cash as it is currently easier to mine and more profitable than Bitcoin. But we seem to be getting most of hash power back today. Perhaps fees will drop soon.
I remember, yesterday I had to pay 2 dollars for a 6 dollar transaction fee. Way too much! But, I SegWit has worked. Fees are lower than the previous 420 satoshi per byte. So that is a relief.
But the main reason for the higher transaction fee is because Bitcoin miners are switching to Bitcoin cash. They are mining Bitcoin Cash as it is currently easier to mine and more profitable than Bitcoin. But we seem to be getting most of hash power back today. Perhaps fees will drop soon.
Stop complaining, just send larger valued transactions to take advantage of the platform. Instead of transmitting 10$ transactions, transmit 10,000$ transactions like everybody else on the blockchain. Come on, get with the program!
Most complaining about the large fees every transactions. This happen transactions fees become expensive because of the bitcoin value is rising. But some said and hope it would be corrected. Well, let's see and hope then.why are the exchangers fees too high today because bitcoin's price is too high today?
No. It only has to do with the volume of Bitcoin transactions around the world. The more transactions there are around the world, the higher fee we must pay in order for it to get mined.
why are the exchangers fees too high today because bitcoin's price is too high today?
Huge fees keep most people from dealing in the blockchain and that's a good thing.
Most people don't know the proper way to construct through TX and that's why they're dealing with huge fees. And that's just fine. It separates the men from the boys. Anyone that doesn't know how to construct their own Ash sign them off verify them and send them to the network it's to not be dealing with Bitcoin now.
Most people don't know the proper way to construct through TX and that's why they're dealing with huge fees. And that's just fine. It separates the men from the boys. Anyone that doesn't know how to construct their own Ash sign them off verify them and send them to the network it's to not be dealing with Bitcoin now.
Tell me if you think about it we are three to four years into the process and people still don't know how to send these things properly. I agree with you on high fee issue but then we compare the fee with conversion it to USD, and thats where we find bitcoin tx fee so high.
now i make a transction For 9$ i pay 3$ fee in blockchain.info
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks
It's so annoying when I made a transfer using from coinbase to bitrefill and I made a 3$ transfer and I was charged 4$ as my transaction fee from coinbase. It made me so crazy when I saw this.
This is why i think btc won't make it as a currency, just something that will hold value for people.
Yeah, that's true, bitcoin is only holding value for people. And a time comes when the fees of transactions becomes too high then there might be a problem with the survival of bitcoin .
Yeah, the fee is too high even the low prio transaction cost $3-$4.But that's one thing that we need to accept in btc especially now the price is getting higher. We can't do anything with that but to accept it. Eventually, it will get even higher.
Yes, its true transaction fee right now is too high, yesterdey i sent 0.01 biycoin into my wallet and i got some 0.001 fee its mean that bitcoin take my 10% just gor the fee, and some from exchanger take 0.001 per transactions
First of all, your TX isn't the default type of transaction if the fees was 0.001 BTC at that time, The default TX size of ~200 bytes can easily be covered with 0.0001-0.0003 depending on how quicky you need it confimed, using blockchain.info, You can set whatever fees you like and hence can decide the lowest possible if you can wait,
Also, I used Shapeshift before and the difference between BT and their price for DOGE was just few satoshi's (around %5 or so at the time) which was reasoanable, not sure if they deteriorated or if you were using a high exchange value for your calculations.
Also, I used Shapeshift before and the difference between BT and their price for DOGE was just few satoshi's (around %5 or so at the time) which was reasoanable, not sure if they deteriorated or if you were using a high exchange value for your calculations.
Yeah the fee for every transaction is getting high,
You couldn't really have a small transaction at the moment because of the fee's.
For example you are going to send about 0.003 the fee that you have to pay is about 0.001 BTC.
You couldn't really have a small transaction at the moment because of the fee's.
For example you are going to send about 0.003 the fee that you have to pay is about 0.001 BTC.
now i make a transction For 9$ i pay 3$ fee in blockchain.info
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks
It's so annoying when I made a transfer using from coinbase to bitrefill and I made a 3$ transfer and I was charged 4$ as my transaction fee from coinbase. It made me so crazy when I saw this.
This is why i think btc won't make it as a currency, just something that will hold value for people.
now i make a transction For 9$ i pay 3$ fee in blockchain.info
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks
It's so annoying when I made a transfer using from coinbase to bitrefill and I made a 3$ transfer and I was charged 4$ as my transaction fee from coinbase. It made me so crazy when I saw this.
I do think that transactions fees is going crazy high but I think it's fair as bitcoin's price has increased like anything from $900 to $4800 this year.But those who do micro transactions would be the only ones to be affected as for $5 transaction to pay more $5 would be insane but for transactions for like big as 1 btc it is easily negligible transactions fees.Miners should get something profitable mining from Bitcoins so that they can stick to mining bitcoins.
yes. it's because the queue is getting bigger. now more and more days are using bitcoin and transactions are also more and more, so the queue and the fee is also getting bigger.
Huge fees keep most people from dealing in the blockchain and that's a good thing.
Most people don't know the proper way to construct through TX and that's why they're dealing with huge fees. And that's just fine. It separates the men from the boys. Anyone that doesn't know how to construct their own Ash sign them off verify them and send them to the network it's to not be dealing with Bitcoin now.
Most people don't know the proper way to construct through TX and that's why they're dealing with huge fees. And that's just fine. It separates the men from the boys. Anyone that doesn't know how to construct their own Ash sign them off verify them and send them to the network it's to not be dealing with Bitcoin now.
now i make a transction For 9$ i pay 3$ fee in blockchain.info
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks
Right now the transaction fees are crazy and if you are using an online wallet it will hit you deep in your pockets if you are sending a small amount of coins,it was running really smooth after the August fork but things changed drastically when bitmain stopped accepting segwit blocks and so is the reason we have to shell out more fees at the moment and i really hope that it will change,if not it is a pretty fucked situation we have at the moment. shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks
Bitcoin fees are nothing to do with the amount being sent. Had you sent a $10,000 transaction with the same number of inputs (probably one or two in this case), you would have had the same fee. Bitcoin transaction fees are about the size of the transaction in bytes.
If you're concerned and you particularly need to send a smaller amount, you could just:
-Set a lower fee (one that will still get confirmed eventually)
-Use a transaction accelerator with a low-fee transaction
-Use a SegWit-compatible wallet such as the Ledger hardware wallet to send SegWit transactions and reduce fees.
If you're concerned and you particularly need to send a smaller amount, you could just:
-Set a lower fee (one that will still get confirmed eventually)
-Use a transaction accelerator with a low-fee transaction
-Use a SegWit-compatible wallet such as the Ledger hardware wallet to send SegWit transactions and reduce fees.
....
fee =f(size of transaction in block/blocksize)
now i make a transction For 9$ i pay 3$ fee in blockchain.info
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks
Even though they show the transaction fee, you don't have to accept it and proceed, you have the ability to adjust it so that you pay slightly lower fees. And this high fees was to be expected because the value of bitcoins rose.shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks
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