Topic: Bitcoin transaction cost is too high (Read 3174 times)
I really regret that because most transaction costs are not commensurate with the transacted, and disrupt the greater transaction costs than the funds transacted......
Use segwit addresses in holding these coins especially when you're up to trading since you're gonna have a continuous flow of coins in your day-trade and you might want to maximize all of those away from the miner fee. There are various tutorial in the internet on how can you provide yourself a segwit addresses in different BTC desktop wallet.
bech32 isn't mostly accepted in known sites to accept Bitcoin payments so go with this one that will provide you the p2sh segwit wallet instead.
https://bitcoinelectrum.com/creating-a-p2sh-segwit-wallet-with-electrum/
bech32 isn't mostly accepted in known sites to accept Bitcoin payments so go with this one that will provide you the p2sh segwit wallet instead.
https://bitcoinelectrum.com/creating-a-p2sh-segwit-wallet-with-electrum/
I don't agree with your explanation. It is possible when you have wrote this post but now transations fee is very low as i have done few transactions recently with small fees like 0.0001 btc. Is it high fee? Actually this isn't so.
Use segwit addresses in holding these coins especially when you're up to trading since you're gonna have a continuous flow of coins in your day-trade and you might want to maximize all of those away from the miner fee. There are various tutorial in the internet on how can you provide yourself a segwit addresses in different BTC desktop wallet.
bech32 isn't mostly accepted in known sites to accept Bitcoin payments so go with this one that will provide you the p2sh segwit wallet instead.
https://bitcoinelectrum.com/creating-a-p2sh-segwit-wallet-with-electrum/
Bitcoin fee is the only problem of lot of us because it too high, so some people convert their Bitcoin to Altcoin like Ethereum everytime they do transaction. And I think it should be do some action because possible it will increase it fee much nore. So far higher fee of Bitcoin is one of the problem of many Bitcoin users, I hope it change I'm hoping for lower fee transaction. bech32 isn't mostly accepted in known sites to accept Bitcoin payments so go with this one that will provide you the p2sh segwit wallet instead.
https://bitcoinelectrum.com/creating-a-p2sh-segwit-wallet-with-electrum/
What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
I also have the same opinion that Bitcoin is trading very high and slow and not as fast and cost effective as ETH. For this reason, ICOS campaigns see ETH as the key to success. With thousands of transactions taking place quickly. will it change after adjustment since the transaction cost is being affected by the crazy price rise
If you think the bitcoin fee is too expensive, I suggest you convert your bitcoin to ethereum/doge/litecoin,
and the total fee which you paid by converting your bitcoin is more smaller than the current bitcoin's standard fee.
Good recommendation ever. I converted 900$ BTC to ETH for deposit in exchange it's long time ago. But now BTC transaction fee is very small, you realize that if you make transaction in recent days. Hopefully it will more small in future. and the total fee which you paid by converting your bitcoin is more smaller than the current bitcoin's standard fee.
Transaction fee is very high because somebody is sabotage the transaction by spamming it because they want to replace Bitcoin with their altcoin. They thought they will be successful but they failed.
The current fee for the transaction right now is at 0.0001 btc but it can change, and I see that there is no stable of the fee transaction. I think it's not too high depends on how much we want to send and if you send 0.01 btc for example, and the fee is about 0.0001 btc then I think it's okay because you still get big money from your bitcoin.
in the future this question again can to stand up and hope to this time who any comes up with way to accelerate transactions
What we need is a constant fee for doing transactions with Bitcoin. Back in 2017 December, the average fee was around BTC0.002, while the current fee is almost 20 times lower at BTC0.0001.
Currently, the price of BTC is very low compared to that time, you should apply this time to trade.
for me it's depreciating your exchange entry because not all bitcoin transactions are the same for the other because the bitcoin fee is small and that's also dependent on the bitcoin that you're releasing if you're going to charge a little too small When it comes to payment, so does not have all the time in bitcoin transactions
I hate bitcoin transaction fees.. It was very high compare to other cryptocurrencys. At my country only bitcoin i can use to change it to fiat money so yeah it was a pain for me.. Im hope this issues will be settle soon. Bitcoin was made for a low fees not to be a high fees.
This topic started such a long time ago but I still want to say that bitcoin transaction fee is actually high compared to a lot of altcoins.
This is also a reason why I like the idea of GAS in ETH. I like its flexibility and if one knows how to use it right, the fee is cheaper than bitcoin and also the transaction speed is way faster.
This is also a reason why I like the idea of GAS in ETH. I like its flexibility and if one knows how to use it right, the fee is cheaper than bitcoin and also the transaction speed is way faster.
What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
I can see you posted this in december, 2017.will it change after adjustment since the transaction cost is being affected by the crazy price rise
Things have changed a lot now as you can see the transaction cost is not that high and affordable now. But it is causing some looses for the miners as they are not getting that good reward for mining a block.
I think that because of the large number of small transactions increases the Commission. You just have to wait it out.
If you look on the date on when this was posted it's December 2017.And no doubt that by that time transactions are very expensive and that's caused by a network spam and a lot of transactions are coming through bitcoin. Considering the value of bitcoin by that time fee would really increase but right now its already stable and fees are cheap again.
Because of its anonymity, i think it is worth paying high cost for bitcoin's transaction
What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
will it change after adjustment since the transaction cost is being affected by the crazy price rise
Transaction costs depend on each trading platform.
What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
will it change after adjustment since the transaction cost is being affected by the crazy price rise
If you think the cost of bitcoin is too expensive, I suggest you to divert your bitcoin to ethereum or doge
and the total cost you pay by converting your bitcoin is less than the current standard bitcoin fee.
but I think in Bitcoin it's not that complicated.
Many newbies has started using bitcoins and during transactions they pay very little fees which increases the number of unconfirmed transactions so people has to pay more to get their payments confirm faster. The fees now is too high I think that best solution for this problem would be lightning network it would definitely reduce fees. How to buy bitcoin at low price and get the profit high? This problem burdensome every newbie who want to learn bitcoin.
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