Bitcoin transaction cost is too high - page 7.

SnapDown22

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Quote from: tasiah on December 13, 2017, 06:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

I think it has become a common thing if the transaction costs are high because the price is also high, maybe it has become a risk of investing with bitcoin, which is the most important, take advantage of opportunities that benefit

dgoswami12

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Quote from: lehuong on August 09, 2018, 01:47:33 AM

The strength of bitcoin is low transaction fees and this makes bitcoin more convenient for investors and truly attractive to investors.
Bitcoin transaction cost is too low

Really do you think so , i think there are thousands of altcoins whose transaction charge is much lesser than btc , even the transaction charges for NEO and GAS are zero.

dgoswami12

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Quote from: tasiah on December 13, 2017, 06:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

It is right that bitcoin transaction are charges are high than most other cryptocurrency. But if you are talking to withdraw bitcoin from any exchanges that is not the true transaction charge , i think if blockchain is not so congested , bitcoin transaction charge is something between 0.00003 to 0.0001 btc ( dont know the exact amount) . But for Ethereum and erc 20 tokens transaction charges are mostly 0.0005 eth if network is not congested , sometimes it may go up to 0.002 eth depending upon network congestion whereas the transaction charges of litecoin is more less , for dogecoin 1 DOGE and that of NEO or GAS are 0. So i always prefer to withdraw in NEO or GAS and if that exchange dont support these currencies then in LTC or DOGE.

btccointalk

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Quote from: tasiah on December 13, 2017, 06:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

Even I wish for a reduction in transaction price. It is too expensive.

lehuong

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The strength of bitcoin is low transaction fees and this makes bitcoin more convenient for investors and truly attractive to investors.
Bitcoin transaction cost is too low

OrangeII

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Quote from: Sandra999 on August 09, 2018, 01:07:45 AM

Bitcoin transaction cost have even reduced compared to 2017 when the cost was very high. However, the cost is still too high as well. Its best to convert bitcoin to other altcoins that have lower transaction costs. I believe with time, bitcoin would be improved on and the transaction fee would be lower

for now payment in terms of bitcoin transactions, or cryptocurrency is quite expensive. maybe this is influenced by the high price of bitcoin, or ETH. besides, so many people started to make transactions, so I think it's fair if the payment is quite expensive.

darko.bountym

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Just convert it to ethereum and then withdraw

yoshua27

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if you have a large nominal transaction then the transaction fee is also large

Sandra999

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Bitcoin transaction cost have even reduced compared to 2017 when the cost was very high. However, the cost is still too high as well. Its best to convert bitcoin to other altcoins that have lower transaction costs. I believe with time, bitcoin would be improved on and the transaction fee would be lower

indayburakday012

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Quote from: tasiah on December 13, 2017, 06:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

This really happen when bitcoin market price goes high so the percentage of transaction fee will remain but as the market price for bitcoin goes high then so does the transaction fee for it. This is an SOP or standard operating procedure for the transaction fee of every bitcoin transaction fee.

rexona

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If you think the cost of bitcoin is too big, you better convert it to altcoin, at least it can make the transaction costs you make will be cheaper, hopefully botcoin will soon get a solution to this problem.

vual

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I suppose it's, therefore, higher as well. However, you understand, they are able to usually dispute this is a result of the actual increase associated with Bitcoin needs. Along with this kind of, everything elevated such as electrical power expenses. This particular just about all lead towards the reduced bargaining energy associated with Bitcoin traders since the way to obtain the actual administrative may barely make up the actual needs. I'm hoping points can get much better or else Bitcoin traders may simply end up receiving conned of the income.

miraj0007

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At present, Bitcoin transaction costs are high, Bitcoin is now being used by many people, and the reason behind it is because many people benefit from it using Bitcoin. Bitcoin transactions cost more but there are many benefits and people use it for this benefit.

btccoffee

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Quote from: tasiah on December 13, 2017, 06:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

I think is the only problem that not realy solve until now because of this more and more altcoins are come just to replace bitcoin because there transaction fee is way too low compare to bitcoin transaction.

chnexus

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One thing people don’t understand is that each BTC is not worth the same in my opinion. BTC mined back in the day was very easy to get and costed pennies in terms of electricity and computing power needed.

supelle.born

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This is still one of the problems bitcoin needs to solve, as well as its scalability. It should be noted, however, that transaction costs have declined considerably since last year when they reached absurdly high levels.

peter1

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As the cost of BTC is higher and higher, do you still think the price of BTC will drop a lot? If BTC prices fall below cost, the whole market is likely to collapse.

Bumblecoin

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Quote from: tasiah on December 13, 2017, 06:01:34 AM

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

Yes, bitcoin transaction fees are higher as compared to other crypto currencies. Maybe there are other ways and means in which we cannot pay more in botcoin transactions.

AngryWhiteWolf

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There are months since I didn't make any transfer in bitcoin. Using another altcoin (won't advertize them, but there are many options) with decent price and fast confirmation you can easily cash out or move funds between exchanges.

Winnerschapel

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Bitcoin transaction fees are quite expensive as compares to the likes of etherum, litecoin, xrp, etc. One can alsways convert his/her bitcoin to etherum and make his or her transaction to get a much lesser transaction fees. I believe in the future, the developers would improve on it and the fees would be much lower

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