Topic: Explain why high bitcoin transactions are expensive? - page 2. (Read 549 times)
take note bitcoint transaction is not that expensive compare to the privilege of having the opportunity to get of many inconr that this transaction could give it is also given that compare to other transaction fees bitcoin charges only a few nor like to the other fee.
Just to be clear here, you are talking about "trading charges" 
Most Bitcoin exchanges charge people these "trading charges" to use their platforms. Is this what you are talking about?
Alternatively, you might be using the wrong words for what you are asking about. Do you mean, miners fees? The transaction cost added to your transaction when you transfer bitcoins from one adress to another?
Most Bitcoin exchanges charge people these "trading charges" to use their platforms. Is this what you are talking about?
Alternatively, you might be using the wrong words for what you are asking about. Do you mean, miners fees? The transaction cost added to your transaction when you transfer bitcoins from one adress to another?
Use Bech32 segwit address to get the cheapest fee.
you can use some sites "As mentioned above" but it’s better to know why?
I will quote DannyHamilton text " the fee doesn't depend on the amount of BTC being sent."
you can follow this tutorial :
https://bitcointalksearch.org/topic/m.18710514
you can use some sites "As mentioned above" but it’s better to know why?
I will quote DannyHamilton text " the fee doesn't depend on the amount of BTC being sent."
you can follow this tutorial :
https://bitcointalksearch.org/topic/m.18710514
Actually transaction fees are at a low currently.
You get transactions confirmed within the next block with a fee as low as 10 sat/B. [1]
And with the incoming segwit adoption fees will stay that low (or get even lower).
What you might refere to are the trading resp. withdrawal fee from online services / exchanges?
Those fees cover more than just the withdrawal fee. For example things like Support, moving coins between hot/cold wallet, additional hardware, programmer, and the network fee.
The 'transaction fees' can only get lower with LN at the moment.
[1] Mempool: https://jochen-hoenicke.de/queue/#1,24h
You get transactions confirmed within the next block with a fee as low as 10 sat/B. [1]
And with the incoming segwit adoption fees will stay that low (or get even lower).
What you might refere to are the trading resp. withdrawal fee from online services / exchanges?
Those fees cover more than just the withdrawal fee. For example things like Support, moving coins between hot/cold wallet, additional hardware, programmer, and the network fee.
The 'transaction fees' can only get lower with LN at the moment.
[1] Mempool: https://jochen-hoenicke.de/queue/#1,24h
Just use these two pages:
https://jochen-hoenicke.de/queue/#1,30d
As you see, the mempool now is pretty empty. The FOMO period brought traffic into people signing up for Coinbase to get some coins and most likely the overall transaction volume did really go up resulting in higher prices but make no mistake, Roger Ver and Jihan Wu spam the network during these periods to make it worse.
Now with segwit gaining traction and that period also over we are seeing one of the cheapest periods of bitcoin transaction in years, a good time to consolidating your coins into single addresses.
https://bitcoinfees.earn.com/
With this and the information of the poster above you would know how much money will spend in fees.
https://jochen-hoenicke.de/queue/#1,30d
As you see, the mempool now is pretty empty. The FOMO period brought traffic into people signing up for Coinbase to get some coins and most likely the overall transaction volume did really go up resulting in higher prices but make no mistake, Roger Ver and Jihan Wu spam the network during these periods to make it worse.
Now with segwit gaining traction and that period also over we are seeing one of the cheapest periods of bitcoin transaction in years, a good time to consolidating your coins into single addresses.
https://bitcoinfees.earn.com/
With this and the information of the poster above you would know how much money will spend in fees.
They aren't!
Transaction fees are based on the size of a transaction based on the number of inputs and outputs.
An input is around 120 bytes and an output is 40 bytes.
How are your fees set also? What wallet software are you using?
Transaction fees are based on the size of a transaction based on the number of inputs and outputs.
An input is around 120 bytes and an output is 40 bytes.
How are your fees set also? What wallet software are you using?
Personally, I feel bitcoin trading charges are quite good for small purchases, is due to the overload of the excavator so new transaction costs so high would not explain to me, thanks
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