Topic: How do if the Bitcoin Sending Fee will be super high or super low? - page 2. (Read 725 times)
March 28, 2019, 08:50:52 AM
Transactions are always cheap if you are willing to wait. The only people that end up paying really high fees are those that need to send within the next block and are fine with paying any fee. This is why people were paying over $20 to send within the next block during the bull run.
March 28, 2019, 07:37:41 AM
Do I find out the hard way after I make my purchase with the educated guess that Bitcoin pricing is stable long enough that from my understanding the more popular Bitcoin is worth and the more money each Bitcoin is worth among other factors is what influences the Bitcoin Fee is there an app of some sort I can use on my Cell Phone to let me know the current Blockchain Wallet Sending Fees will be as that is the Wallet I am using for simply Sending Bitcoin into and Sending out of.
Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?
Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?
I just don't exactly get what you are trying to pointing out here dude. I'm not so sure if you are talking about the transaction fee on Bitcoin, because if this what you are asking for mate, transaction charge fee was always depend on the exchange platform.
March 28, 2019, 06:47:29 AM
I think it will affect the bitcoin negatively as a whole when the sending fee is too high, even higher to the likes of PayPal. Because why use bitcoin when do you have other medium to send money at a lower fee? I personally use bitcoin to play some games at vegascasino for a chance to win more bitcoin.
I think It is not that big deal as we know sending bitcoin is not so a problem because we are paying a good and affordable fee on time, if sending will be no cost I think it will slow down because long ago free transaction has been done but it was slow as it can take day or more than this so for huge business we will have to sacrifice something smaller than our profit.
March 28, 2019, 04:25:49 AM
I simply just want to make a purchase of 128$ U.S. but I obviously need more than 128$ U.S. in my Bitcoin Account since I need to pay the Fees which I was hoping there was some way to get a rough estimate of what it might be so I can simply just send a bit more than what it should be roughly so that way I got enough in my wallet before sending the money so I don't have to send to Transactions due to my first one being not enough to cover the fees?
An extra dollar is almost certainly going to be more than enough.With bitcoin, your coins are stored as unspent transaction outputs (UTXOs). The final balance of your address is the sum of all your UTXOs. You could have a balance of $128 made up of one UTXO worth $128, or of 50 UTXOs of various values, or even of 1000 UTXOs each worth a few cents. Each UTXO you have to use to make a transaction counts as an "input", and each input incurs an additional fee. Transferring a single UTXO worth $128 will cost very little in fees, but transferring 1000 UTXOs worth a combined total of $128 will cost much, much more.
The way you have phrased it makes me think you going to make a single purchase of $128 and then transfer that to another address. If that is the case, the $128 will be a single UTXO and the fees will be very small. If that's the case, at current recommended fees of 3 sats/byte, you would end up needing somewhere around $0.05 (5 cents) to cover the fee.
March 28, 2019, 02:36:41 AM
I tried to understand your question in a hard way. Transaction fees vary and there is not wallet or website that will update you of fees without you trying to send out some bitcoin. Transaction fees is not constant due to many factors so the best way is to have a good wallet like the blockchain.com and check for fees anytime you want to make a transaction.
March 27, 2019, 09:19:35 PM
From my understanding with all the things that you said. You are looking for a way to know how much is your sending fee comparing to fiat money is that right?
We are also frustrated with understanding your question.
E.g. If you want to make a purchase like $10 the amount of fee that you will be paying will be just cents if you convert to bitcoin. You could just put it in optimum fee don't make any changes into the fees as it will be confirmed by miners in less than an hour or so.
We are also frustrated with understanding your question.
E.g. If you want to make a purchase like $10 the amount of fee that you will be paying will be just cents if you convert to bitcoin. You could just put it in optimum fee don't make any changes into the fees as it will be confirmed by miners in less than an hour or so.
I am new to Bitcoin in general and I did not have time to edit any typos so sorry if my post makes no sense but this is my question I simply just want to make a purchase of 128$ U.S. but I obviously need more than 128$ U.S. in my Bitcoin Account since I need to pay the Fees which I was hoping there was some way to get a rough estimate of what it might be so I can simply just send a bit more than what it should be roughly so that way I got enough in my wallet before sending the money so I don't have to send to Transactions due to my first one being not enough to cover the fees?
Should I be putting 10$ U.S. extra into my Wallet or how much extra since I realize the fees fluctuate as mentioned above let me know what specific information you may need and I understand this is not something that is 100% predictable.
March 27, 2019, 02:15:53 PM
Do I find out the hard way after I make my purchase with the educated guess that Bitcoin pricing is stable long enough that from my understanding the more popular Bitcoin is worth and the more money each Bitcoin is worth among other factors is what influences the Bitcoin Fee is there an app of some sort I can use on my Cell Phone to let me know the current Blockchain Wallet Sending Fees will be as that is the Wallet I am using for simply Sending Bitcoin into and Sending out of.
Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?
You can find your doubts and curiosity about the cost of bitcoin in various threads in the mining subtopics. There you can find reasons why bitcoin costs can be high and can be low. All of these changes are due to two factors, namely demand and supply. You can further study this in mining thread. Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?
March 27, 2019, 02:09:25 PM
Check https://bitcoinfees.earn.com because there you will find all information about network fees. On this website you will find what fee you need to use and how long it would take until your transaction is confirmed. Also down on the page you will see a recommended fee and if you use that everything should be just fine.
March 27, 2019, 01:47:39 PM
I think we don't have to think about the fee because when you want to send $1000 in bitcoin, and you should pay the fee for $10, do you want to reject? If I were you, I would pay $10 for receiving $1000 because if I calculate, $1000-$10= $990, and I still get 99% of the money.
You are overpaying in fees massively.A "standard" 1-input 2-output transaction is generally in the region of 200-300 bytes, depending on things like SegWit, MultiSig, etc. Even if you were doing something like consolidating 10 small inputs in to 1, you are still looking at a size of around 2000 bytes. Given that $10 is currently 250,000 sats, this means you are paying a fee of between 125 and 1250 sats/byte. Currently recommended fees at time of posting are 13 sats/byte, meaning you are overpaying by somewhere around 10 to 100 times.
March 27, 2019, 06:08:08 AM
You can use other way how to make less payment for fee if you withdraw your bitcoin balance, convert your bitcoin balance first become doge coin or other altcoin have lower price and support for your goal exchange.
you should perform your suggestions first before suggesting others to do them!
in this case if you try it, you can clearly see why it is only a theory and flawed in practice. for example imagine you are in a restaurant and want to pay with bitcoin and because of "fees" you have converted your bitcoin to Doge. when you ask to pay with Doge instead of BTC they will laugh at you because they don't accept "joke coins" as payment! so practically you paid a lot of fees without any usage.
March 27, 2019, 05:21:06 AM
You can always Change your Bitcoin fee by setting the desire fee you want, just locate where you can change the fee, you just need to reduce or increase the fee to the desired amount you want. But the disadvantage of setting fee is if you set a Lower fee and your transaction was unable to be processed due to fee, you we have to resend and you we be charged twice.
March 27, 2019, 05:02:32 AM
You can use other way how to make less payment for fee if you withdraw your bitcoin balance, convert your bitcoin balance first become doge coin or other altcoin have lower price and support for your goal exchange.
With this suggestion you're spending more fees since you have to pay the fee to deposit your btc to an exchange then cover another fee and the receiver might not be accepting altcoins.I think the fee will vary but I don't know how to calculate the fee because I don't learn about that. I think we don't have to think about the fee because when you want to send $1000 in bitcoin, and you should pay the fee for $10, do you want to reject? If I were you, I would pay $10 for receiving $1000 because if I calculate, $1000-$10= $990, and I still get 99% of the money.
Alloting 1% of your transaction just for the miner fees is not a good practice. If you calculate the fee whenever you transact that $10 worth of btc could be good for hundreds of future transactions. March 27, 2019, 03:49:14 AM
If you are carrying out transactionson the blockchain wallet, all you need to do is adjusting the transaction fee using the "customise fee" icon on the dashboard.
But the disadvantage if using this icon is that transactions carried out using it doesn't get confirmed on time to compared to when you used the suggested transfer fee.
But the disadvantage if using this icon is that transactions carried out using it doesn't get confirmed on time to compared to when you used the suggested transfer fee.
March 27, 2019, 03:32:31 AM
You can use other way how to make less payment for fee if you withdraw your bitcoin balance, convert your bitcoin balance first become doge coin or other altcoin have lower price and support for your goal exchange.
March 27, 2019, 03:15:22 AM
On many exchanges and wallets you can control and choose the fee. That is the feature that it wasn't available before and then was the situation much worse. I think that now fees are reasonable and you can control them. You have to have in mind that transactions have their cost as well as other involved in chain. People often complain for no reason at all.
March 27, 2019, 02:59:21 AM
That is nice but that can also be done using the ferch the transactions fee changed and even some wallets gives you a total run down the is the amount of bitcoin you are sending and the fees charge then total amount display for you to see.
Even though wallets change their recommended fee automatically the problem is they over estimate the fees. It's still best to set a fee you prefer and check an estimator like coinb.in 
March 26, 2019, 11:34:04 PM
Actually i really cant understand whats the question here,your title is too far from the body of the post and why not just ask in your own local board for more clarification?your countrymen will provide more accurate answer from your inaccurate questions here lol 😂
What you mean is the gas cost of each shipment that changes over time, if not, then what is your problem, all depends on the current BTC price.
Maybe he was referring to Gas cost mate since he mention after purchasing bitcoin,or I really don’t know since its harder to understand 
March 26, 2019, 11:19:50 PM
I think the fee will vary but I don't know how to calculate the fee because I don't learn about that. I think we don't have to think about the fee because when you want to send $1000 in bitcoin, and you should pay the fee for $10, do you want to reject? If I were you, I would pay $10 for receiving $1000 because if I calculate, $1000-$10= $990, and I still get 99% of the money.
Sometimes, I laugh when my friends said that the fee is too high but then I explain to them if you want to receive at least $100, and you should pay less than $3, it doesn't make sense if you rejected. I also explain to them, there is no need to think about a high or low fee because it will be adjusted by the networks, we can receive that money without to confuse about the fee.
Sometimes, I laugh when my friends said that the fee is too high but then I explain to them if you want to receive at least $100, and you should pay less than $3, it doesn't make sense if you rejected. I also explain to them, there is no need to think about a high or low fee because it will be adjusted by the networks, we can receive that money without to confuse about the fee.
March 26, 2019, 11:01:23 PM
Do I find out the hard way after I make my purchase with the educated guess that Bitcoin pricing is stable long enough that from my understanding the more popular Bitcoin is worth and the more money each Bitcoin is worth among other factors is what influences the Bitcoin Fee is there an app of some sort I can use on my Cell Phone to let me know the current Blockchain Wallet Sending Fees will be as that is the Wallet I am using for simply Sending Bitcoin into and Sending out of.
Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?
I don't really understand what you are trying to get across here, are you asking about transaction fees and how they are calculated, or are you confused about your wallet sending fees from blockchain.com?Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?
Most wallets don't have any sending fees, the extra dollar or 2 that is taken away from your wallet is for mining fees, which is used in order for your transaction to confirm. If you are unhappy with the fees you are forced to pay via your wallet service, you can easily swap over to electrum, or other similar wallets where you have full reign over how much you are paying for your fees.
March 26, 2019, 10:01:31 PM
i believe that this website is mainly designed to be useful newbie and not that much for anybody else because they always intentionally give you a higher fee because (again i am assuming) they want the transactions with that fee to be confirmed with 100% chance. so for example if it tells you 18 s/b that means you can get away with 5 s/b too.
I appreciate what you are saying, but the way you've worded it could be a bit misleading to a newbie.Putting in a higher fee will get your transaction confirmed faster (usually), but that doesn't mean that lower fees have a less than 100% chance to be confirmed.* Using the lower fee as suggested by https://www.coinb.in/#fees will still get your transaction confirmed, it's that it might take longer than it would with a higher fee.
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