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Topic: Fees are sky high - page 5. (Read 815 times)

copper member
Activity: 1120
Merit: 2
February 06, 2021, 06:10:32 AM
#27
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
Dear the market is very High for that reason All of coin transaction fee is too high it is very pathetic for all of us only TRX may be transaction Price is Low and all of coin transaction price is too much high and also ETH gas fee is more from BCH.
member
Activity: 616
Merit: 12
The Standard Protocol - Solving Inflation
February 06, 2021, 05:36:16 AM
#26
Nowadays the rate of high gas fees is alarming, a small income trader or small investors are unable to invest due to the high transaction fees needed to carry out any transaction, and sorry It's been a while since I used blockchain wallet, so I can't  recommend any method for now, but I would advice if there's anyway you can move that funds to binance or kucoin I think you can easily change that $35 to any cryptocurrency of your choice there.
hero member
Activity: 1694
Merit: 516
February 06, 2021, 05:09:38 AM
#25
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?



Unfortunately for smaller amounts the transaction fee is just too high. The crypto prices increased a lot over the last few months and so did the fees. One way would be to set a lower fee for your transaction, but then it might be taking a long time for your transaction to be processed. At the current price levels I would recommend just to do large transactions with BCH. It might be cheaper to just a FIAT transaction instead.
full member
Activity: 674
Merit: 100
February 06, 2021, 04:51:56 AM
#24
The gas fee now that we are in a bullish season is also having its bull run and it is hurting us low funding investors whose hoping to invest with a crypto that we desired. Well in this case I suggest that instead of directly investing for BCH, try to invest first to a low transaction fee cryptos such as xrp, doge or ltc these token are good crypto to invest with as well.
sr. member
Activity: 1190
Merit: 251
February 06, 2021, 04:51:18 AM
#23
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
If you have a balance on the blockchain with a transaction fee of only $ 8, I think the amount is still very small when compared to transactions via the ERC-20 platform, because for now the average transaction gas fee is expensive, only the most expensive is on the ERC-20 platform, so the ones on the blockchain are still very good I think.
jr. member
Activity: 72
Merit: 2
February 06, 2021, 04:44:13 AM
#22
transaction fee is now a big problem with BTC and ETH chains, if you dont have the bitcoin on the exchange, you will still have to pay for bitcoin transfer fees, and then convert it to maybe usdt and trade it for bch after your deposit reflects on the exchange.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
February 06, 2021, 03:23:25 AM
#21
You can try sending your coins to an exchange with a lower fee and wait for hours/days for confirmation. Once it gets confirmed you can trade your bitcoins for BCH. Or maybe get some other coins that has very low transaction fee.
You can try using those transaction acceleration services (there are free tx acc. services, some people try to "sell" those. So be careful!), but I doubt that is going to work, but since it is going to cost you nothing, you can give it a go.
hero member
Activity: 1540
Merit: 507
February 06, 2021, 02:37:35 AM
#20
Yeah the fee is expensive not because the fee needed higher than usual but because the price of bitcoin itself is sky rocketing (well maybe the fee needed also higher since traffic is high aswell).
Maybe just wait until the market becomes chill and the fee probably could decrease on its own but its gonna take probably weeks hopefully, transaction accelerator also worth to try if it's free.
Just be sure to choose the one with more nodes.
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
February 06, 2021, 02:26:55 AM
#19
If I understand you correctly, you have BTC and want to buy BCH, and the BTC is in your personal wallet, I don't think there is any way to go around it than paying the fees, and that alone is highly discouraging. Another thing is, if you try to customise the fee, that is, to bring it down a notch, you might end up having unconfirmed transactions which will take a lot of time and in most cases as well, transactions acceleration hardly works, thus you might end up waiting for days. Also, if you cannot afford to waste such on fees, you might want to hold for a while longer. To be frank, the high fees nowadays is pushing out small investors and the Ethereum blockchain seems to be leading and also, when people see coins they would want to buy, they might only end up losing interest because of fees.
hero member
Activity: 2366
Merit: 838
February 06, 2021, 02:07:58 AM
#18
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
Bitcoin and Bitcoin Cash are different. You can claim your Bitcoin Cash from your Bitcoin's private key. Unfortunately, it is not what you can do if you use exchange's custodial wallets.

Bitcoin Cash transaction has cheaper fee than Bitcoin transaction and I don't understand why you want to save transaction fee with Bitcoin Cash  and switch to Bitcoin transaction. It sounds unrealistic.

You can get average transaction fee of them
https://blockchair.com/bitcoin
https://blockchair.com/bitcoin-cash
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
February 06, 2021, 02:05:38 AM
#17

This is becoming normal when the prices are also mooning. This problem had been around for sometime already, small transactions are always going to be a problem with BTC and ETH. Nothing else we could do about it.

Can't you send your $35 to an exchange instead and since your amount isn't that big, you may just leave it on the exchange like Binance, they are trusted anyway.
legendary
Activity: 2520
Merit: 1040
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February 06, 2021, 01:32:53 AM
#16
I agree with this. Fees in Bitcoin and Ethereum are right now at its peak.

Because of this, I really stopped doing some small transactions and rather wait for quite some time or at least hold it and I will do just one transaction instead of doing more than 1 so that I will spend lower in fees. I only withdraw in Bitcoin or Ethereum once a month only to minimize my fees. As much as possible, I don't want to transfer small amounts of money right now because fees will eat all of your money. 2 options, just make 1 transaction per month or use other coins to transfer if you really need it.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
February 06, 2021, 01:18:11 AM
#15
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
The result will be the same and why? you are using bitcoin cash and that has very small amount of fees. it's still nothing compared with ethereum.
When you are paying the actual fees and the total amount will be the same when you are psaying the small fees + tx accelerator.
You just need to pay a few cents only to make it will be delivered instantly. No need to use tx accelerator.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
February 06, 2021, 01:15:30 AM
#14
Personally, I currently do not make transactions to send tokens out of wallets, or exchanges. I don't think I'm the only one doing this. many people complain about the high fees, some even think that this is a vital mistake. Well, currently the transaction is quite solid, so I thought about waiting for the fee to return to normal.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
February 06, 2021, 01:04:52 AM
#13
Transaction accelerator usually also demand some payment IMO that's what I experienced when using transaction accelerator that's kinda premium (no need to queue), however the free ones need you to get in queue and also compete with other to submit your txid.
You can set your fee to lower than standart fee but there's always risk of transaction not succesfull or the confirmation arrives a day later.
Maybe just find transaction accelerator that offers less limitation I guess.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
February 06, 2021, 12:54:08 AM
#12
Why don't you just try to offer your balance on the exchange section. i guess you will get your $35 BCH without any 3rd party fees.
Dude, the transaction fees of BCH is quite small and I think that it will be cost your less than 0.5 cents to withdraw your BCH from the exchange site.
There two ways for you to exchange your balance for BCH.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
February 05, 2021, 07:35:34 PM
#11
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

I haven't experienced any transaction accelerator, and I only had the options to wait until network will be free from congestion. Don't be worried about the high transactions of btc or bch, it's still cheap than ethereum. If you wanted your transactions faster then setting a higher gas is the best strategy, but of course the cost is barely high and so painful to think once you don't have bigger profit on your trades.
Well, this perhaps goes the wrong idea. Ethereum also has a high fee and almost the same as bitcoin, both quite have the same busy network.
I may advise instead to use an exchange that has a very low fee when it comes to swapping coins. Perhaps Binance is the answer, but it if does not.
I rather accept the fact that nowadays, it is hard to transact a low amount because the fees will eat it all, I rather choose to stay on my wallet and wait for another alternative ways to lessen the fees.
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
February 05, 2021, 07:25:26 PM
#10
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

I haven't experienced any transaction accelerator, and I only had the options to wait until network will be free from congestion. Don't be worried about the high transactions of btc or bch, it's still cheap than ethereum. If you wanted your transactions faster then setting a higher gas is the best strategy, but of course the cost is barely high and so painful to think once you don't have bigger profit on your trades.
hero member
Activity: 3080
Merit: 603
February 05, 2021, 07:14:06 PM
#9
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance?
Just go to the exchanges like Binance. If you want to do that with your wallet that has an integrated exchange, you're really about to be eaten by the fees. Integrated exchanges on wallets have high fees because of the commission the wallet gets.

Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
Send your BTC to Binance with at least or more than 10 sats/byte and use https://www.viabtc.com/tools/txaccelerator to accelerate it on xx:00 time.
hero member
Activity: 2184
Merit: 798
Top Crypto Casino
February 05, 2021, 06:55:14 PM
#8
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

I haven't used blockchain wallet for years so I don't really have a "working" method that might help you. I think your best bet is to withdraw from blockchain to either Binance or FTX. Then when you've traded your BTC to BCH, You can proceed to send it back to your blockchain. While you would still be required to fees, I think it would be much more better compared to the $25 in fees that is currently being charged by blockchain as fees.

It feels like high fees are here to stay. Months have passed and everyone just complains only to go back and make tx with higher fees.
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