go back to regular banking and see how it compares
Topic: How can I reduce the cost of my blockchain.info (Read 1717 times)
if anyone is complaining about a $0.04 fee or 0.001 btc to send unlimited amounts of money around the world in 10 minutes maybe you should just go and kill yourself
go back to regular banking and see how it compares
go back to regular banking and see how it compares
i dont think you can avoid any services esp third party that handles the financial transaction.
its miners in general though for moving or finding your bitcoin. on top of whatever you are using etc.
its miners in general though for moving or finding your bitcoin. on top of whatever you are using etc.
You can send your bitcoins from your bitcoin-qt wallet to an other bitcoin-qt wallet and you can try without a fee.
i dont think you can avoid any services esp third party that handles the financial transaction.
its miners in general though for moving or finding your bitcoin. on top of whatever you are using etc.
its miners in general though for moving or finding your bitcoin. on top of whatever you are using etc.
reduce or remove the payment that I pay every-time to blockchain.info when I send any payment
As stated before, it is not blockchain.info who takes your fees, the miners take those fee to confirm your transaction.
Thanks from all respondents, based on what I realized there is not way but to pay a fee in order to have a healthy transaction. So I may continue using them and pay them.
If you think the fee is too high when you are sending dust, you can lower the fee back to 0.0001btc and hope it confirms. For example, blockchain recommends 0.0004btc as fee because you have too many inputs. You can reduce the fee to 0.0002btc and it could still confirm in reasonable time.
Use on "custom send" on the site and input your own desired fee. Be sensible. Please do not enter zero fee and then come here for help.
Hello everyone, I want to know how I can reduce or remove the payment that I pay every-time to blockchain.info when I send any payment, they take a fee, is there any way for reducing this payment?>
Its not them who take a fee , its the miners. And the fees is very less so shouldn't be a problem.
Hello everyone, I want to know how I can reduce or remove the payment that I pay every-time to blockchain.info when I send any payment, they take a fee, is there any way for reducing this payment?>
As previously stated, the fee is paid to the miners. You can send a custom fee of 0 but your transaction may never confirm. You can also send a smaller fee or a fee of 0.0001 for multiple transactions.
you can also send coins to more than 1 address at a time in one transaction.
It will reduce the costs of transmission a lot, compared to sending every coin in a separated transaction
It will reduce the costs of transmission a lot, compared to sending every coin in a separated transaction
the fee is the payment for the service of confirming your transaction.
If you don't play the miners might not do your work
If you don't play the miners might not do your work
Hello everyone, I want to know how I can reduce or remove the payment that I pay every-time to blockchain.info when I send any payment, they take a fee, is there any way for reducing this payment?>
Yes there is but you are not an expert despite your username and if you go about changing fees you'll end up with unconfirmed transactions. Then you'll come here whining that ZOMG MY COINS R LOST!
if you wont send any fees you wont get any confirmations so your btc will never be send.
its a small fee tho, mostly 0.5%-1%
its a small fee tho, mostly 0.5%-1%
This is not correct. A stated above, it depends on the priority of the transaction and whether the transaction is continually rebroadcast to the network.
See: https://en.bitcoin.it/wiki/Transaction_fees
if you wont send any fees you wont get any confirmations so your btc will never be send.
its a small fee tho, mostly 0.5%-1%
Wrong, not every transaction will not confirm, they will be rebroadcasted continually until confirmed or just dropped by the client, it depends on whatever client you are using. Most transactions just need sometime to gain confirmations although fees would be a more practical way. its a small fee tho, mostly 0.5%-1%
if you wont send any fees you wont get any confirmations so your btc will never be send.
its a small fee tho, mostly 0.5%-1%
its a small fee tho, mostly 0.5%-1%
Thanks from all respondents, based on what I realized there is not way but to pay a fee in order to have a healthy transaction. So I may continue using them and pay them.
You're not paying them, blockchain.info is not taking any money from you, what you pay is called Miner's fee and the miners collect them for running all them machines that require a lot of energy and they cost too much money.
Thanks from all respondents, based on what I realized there is not way but to pay a fee in order to have a healthy transaction. So I may continue using them and pay them.
You're not paying them, blockchain.info is not taking any money from you, what you pay is called Miner's fee and the miners collect them for running all them machines that require a lot of energy and they cost too much money.
Thanks from all respondents, based on what I realized there is not way but to pay a fee in order to have a healthy transaction. So I may continue using them and pay them.
For transactions more than 0.01BTC for each outputs and the inputs have high coin age and the transaction is less than 1000bytes, you may send them without a fee. They might take slightly more time than transactions which pays a fee, that's for sure.
Thanks from all respondents, based on what I realized there is not way but to pay a fee in order to have a healthy transaction. So I may continue using them and pay them.
Hello everyone, I want to know how I can reduce or remove the payment that I pay every-time to blockchain.info when I send any payment, they take a fee, is there any way for reducing this payment?>
I don't recommend you that , blockchain.info made the fees for btc network so the transactions gets confirmed faster.
If you use no transaction fees then your transaction will get confirmed a lot slower and in case you use 0BTC as fees then it may never get confirmed at all and the money will go back to you after 5 days or something .
Anyway if you want to control the fees , just use Wallets like Electrum or Bitcoin Core , they allow you to do that
~ Madness
Hello everyone, I want to know how I can reduce or remove the payment that I pay every-time to blockchain.info when I send any payment, they take a fee, is there any way for reducing this payment?>
Use custom payment and you can adjust manually the fee.
But if your fee is lower than recommended, your transaction will get slower to confirm.
Stop using them and use Bitcoin Core IF they charge a fee. I suspect this is the transaction fee paid to the network not a fee to blockchain.info. You can pay no fees, but it is usually not recommended as it may significantly delay the transaction or cause it to never confirm.
There are exceptions based on the priority - eg, you send 100 bitcoins that haven't been spent in a year, and they'll have a high priority and generally confirm quickly. You send 0.001 bitcoins without a fee that you just got, and you may be waiting.
* as I recall blockchain.info does not yet charge fees of their own.
Edit: this has more info:
https://bitcointalksearch.org/topic/faq-all-about-unconfirmed-0-confirmation-transaction-fee-read-before-posting-232979
There are exceptions based on the priority - eg, you send 100 bitcoins that haven't been spent in a year, and they'll have a high priority and generally confirm quickly. You send 0.001 bitcoins without a fee that you just got, and you may be waiting.
* as I recall blockchain.info does not yet charge fees of their own.
Edit: this has more info:
https://bitcointalksearch.org/topic/faq-all-about-unconfirmed-0-confirmation-transaction-fee-read-before-posting-232979
Hello everyone, I want to know how I can reduce or remove the payment that I pay every-time to blockchain.info when I send any payment, they take a fee, is there any way for reducing this payment?>
Jump to: