How to avoid high bitcoin transaction fees?

lite

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Quote from: teddy5145 on January 03, 2018, 03:17:17 PM

Use segwit address, it should lower the cost for sending coins

If your wallet is not segwit ready yet, then you might want to convert some of your coins into another altcoins, Bitcoin will be stored for long term use while while alts for everyday use.

There's also lightning network that currently in testing and it should help our problem with transaction fees and time tremendously.
You can try to test Lightning Network on Bitcoin Testnet though, https://www.reddit.com/r/Bitcoin/comments/7ieuki/how_to_test_lightning_network_on_testnet/

Lightning network is the solution for fast, cheap and microtractions, i hope it's gets released asap. see lightning network in action (https://youtube.com/watch?v=a73Gz3Tvx3k&time_continue=2). we also need to ask bitcoin sites/services to enable segwit address/wallet.

teddy5145

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Use segwit address, it should lower the cost for sending coins

If your wallet is not segwit ready yet, then you might want to convert some of your coins into another altcoins, Bitcoin will be stored for long term use while while alts for everyday use.

There's also lightning network that currently in testing and it should help our problem with transaction fees and time tremendously.
You can try to test Lightning Network on Bitcoin Testnet though, https://www.reddit.com/r/Bitcoin/comments/7ieuki/how_to_test_lightning_network_on_testnet/

ajqjjj

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Quote from: steveabrahams on January 02, 2018, 08:45:46 PM

Quote from: rapidleech on December 20, 2017, 09:17:54 PM

hey guys
i need a clear & technical answer:

How to avoid high bitcoin transaction fees?
i receive 10-20 payment per week , so how to avoid increase of transaction size?

How "transaction size" & Transaction Fees in blockchain work?

Try to not use bitcoin for micro transaction and change into altcoins like dogecoin that have low fee or you can collect it and send it every months, not every week to avoid the fees. Always check this site https://bitcoinfees.earn.com to check how the normal fee and check the last block that mined.

I expects that bitcoin transaction fees would be reduced after the hard fork has been done but unfortunately nothing changed bigger in the chart as I noticed in all the online wallet provider sites.
You need to wait for more weeks to find the bitcoin transaction fee reduced and until that we have to manage the transaction for big number alone not with the value for cheap transaction as you said.

steveabrahams

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Quote from: rapidleech on December 20, 2017, 09:17:54 PM

hey guys
i need a clear & technical answer:

How to avoid high bitcoin transaction fees?
i receive 10-20 payment per week , so how to avoid increase of transaction size?

How "transaction size" & Transaction Fees in blockchain work?

Try to not use bitcoin for micro transaction and change into altcoins like dogecoin that have low fee or you can collect it and send it every months, not every week to avoid the fees. Always check this site https://bitcoinfees.earn.com to check how the normal fee and check the last block that mined.

triads

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Quote from: alyssa85 on December 30, 2017, 09:36:55 AM

Reduce the number of payments and only send/receive large amounts.

Also, check the mempool before you send:

https://dedi.jochen-hoenicke.de/queue/#24h

Wait till it has dropped before sending, and you increase the chances that you receive your coins quickly.

The other option is to use another coin. Ask the people who are sending the coins whether they can use litecoin or doge instead. It's cheaper and quicker.

Avoiding using BTC is not a 'solution'. That so many posters are suggesting it bodes poorly for Bitcoin. Segwit or not, if the crypto can't handle the volume without a $26 transaction fee (which is the current average), it has lost it's original purpose.

For comparison, the average transaction fee for VISA or MasterCard is $2.

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Reduce the number of payments and only send/receive large amounts.

Also, check the mempool before you send:

https://dedi.jochen-hoenicke.de/queue/#24h

Wait till it has dropped before sending, and you increase the chances that you receive your coins quickly.

The other option is to use another coin. Ask the people who are sending the coins whether they can use litecoin or doge instead. It's cheaper and quicker.

Samarkand

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Quote from: iqlimasyadiqa on December 29, 2017, 06:11:11 PM

...
I think the current transaction costs can be said to be very high, but this is a consequence because of the increasing use of Bitcoin....

The current transaction costs have nothing to do with the increasing use of Bitcoin.

They are caused by the high price, which causes fees to rise, because they are calculated
in Satoshi and not in $. Additionally, miners (and other entities that have an interest to damage Bitcoin)
are using spam attacks to bloat the mempool with low-fee transactions, which causes fee
estimations of most wallet software to skyrocket to unnecessary high levels.

figmentofmyass

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Quote from: iqlimasyadiqa on December 29, 2017, 06:11:11 PM

I think the current transaction costs can be said to be very high, but this is a consequence because of the increasing use of Bitcoin.

in the scheme of things, it's not that high. for the first time recently, transaction fees amounted to more than the block reward, which bodes well for bitcoin's security model. it needs to be secured purely by transaction fees in the future.

but i don't think the current fees are organic. there's definitely a combination of a spam attack and gaming of the difficulty algorithm to encourage higher fees. but i'm realizing that even more than that, the biggest problem is bad fee estimation by major wallets and exchanges. when large economic nodes are pricing us out unnecessarily because they are overpaying for immediate confirmation, this is a problem. there should be some collaborative effort made among the exchanges and major wallet providers like blockchain.info to create sane fee estimation algos.

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Quote from: Carmen01 on December 29, 2017, 07:44:31 AM

You can't avoid any transaction if you need but you cannot do any transaction if you want too also so i say that if you have problems in fee don't do transaction and if you need it then do transaction even it's so high that's all you can do.Moreover i think everything here in crypto have a reason why it's happen so always search that then always ask someone if you don't know exactly why it's happen.

I think the current transaction costs can be said to be very high, but this is a consequence because of the increasing use of Bitcoin. I see this as a necessity, although many services say it can provide accelelators to speed up delivery, but I prefer to increase transaction fees. Better to issue higher transaction fees to be able to get a service faster time than having to wait too long. We can not avoid the transaction fee because I think it is a mandatory thing and we must apply a high transaction fee to get the best service when sending Bitcoin.

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Quote from: Quidat on December 29, 2017, 11:28:28 AM

If you did able to put up low amounts on the suggested or default fees on that time then for sure high chances of that bitcoin transfer would really be stuck. This is why its really important to look at here https://bitcoinfees.earn.com regarding on the the suggested fees that you would able to use up.We do all know lightning network isnt there so for now we would really have any choice but to wait up.

The problem is,this would just get his confirmations faster but not necessarily less fees as the network would be as usual congested.The most optimal solution would be to use services that have the segwit locked in : )

Quote from: Carmen01 on December 29, 2017, 07:44:31 AM

You can't avoid any transaction if you need but you cannot do any transaction if you want too also so i say that if you have problems in fee don't do transaction and if you need it then do transaction even it's so high that's all you can do.Moreover i think everything here in crypto have a reason why it's happen so always search that then always ask someone if you don't know exactly why it's happen.

This makes me sad to see how terrible you signature posters are..you had to post even though you had no idea what's what..

OP,please inbox me I will explain you better technically if that's what you expect.Threads are usually filled with spam from shit-posters.

Quidat

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Quote from: Wipro on December 29, 2017, 08:18:22 AM

Quote from: Carmen01 on December 29, 2017, 07:44:31 AM

You can't avoid any transaction if you need but you cannot do any transaction if you want too also so i say that if you have problems in fee don't do transaction and if you need it then do transaction even it's so high that's all you can do.Moreover i think everything here in crypto have a reason why it's happen so always search that then always ask someone if you don't know exactly why it's happen.

In desktop wallets and some online wallets like blockchain you may able to modify the transaction fees like low, regular and priority fees. As you change this option you will get the transaction fees reduced somehow from the fee as default transaction fees.
But transaction may stuck while we modifying the transaction fee. Still if you want to take risk and do this. You can do it as like that.

If you did able to put up low amounts on the suggested or default fees on that time then for sure high chances of that bitcoin transfer would really be stuck. This is why its really important to look at here https://bitcoinfees.earn.com regarding on the the suggested fees that you would able to use up.We do all know lightning network isnt there so for now we would really have any choice but to wait up.

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error08

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Quote from: lite on December 24, 2017, 02:39:29 PM

Quote from: rapidleech on December 20, 2017, 09:17:54 PM

hey guys
i need a clear & technical answer:

How to avoid high bitcoin transaction fees?
i receive 10-20 payment per week , so how to avoid increase of transaction size?

How "transaction size" & Transaction Fees in blockchain work?

Who sends you the payment? it would be best if both party(receiver and sender) used segwit address(fees are cheaper) and decrease the number of inputs(especially this)/outputs. to calculate, how much effect inputs/outputs have on the fees, use this tool(estimatefee.com).

This is the best and easy way to do it, until the time has come for lightning network to be implemented on chain.
As Op is the one who receive the payment, can you convince the sender to use segwit address as well?
It's weird for most big platforms such as exchanges do not use segwit address as their transactions must be the biggest contributor to the mempool.

Wipro

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Quote from: Carmen01 on December 29, 2017, 07:44:31 AM

You can't avoid any transaction if you need but you cannot do any transaction if you want too also so i say that if you have problems in fee don't do transaction and if you need it then do transaction even it's so high that's all you can do.Moreover i think everything here in crypto have a reason why it's happen so always search that then always ask someone if you don't know exactly why it's happen.

In desktop wallets and some online wallets like blockchain you may able to modify the transaction fees like low, regular and priority fees. As you change this option you will get the transaction fees reduced somehow from the fee as default transaction fees.
But transaction may stuck while we modifying the transaction fee. Still if you want to take risk and do this. You can do it as like that.

Carmen01

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You can't avoid any transaction if you need but you cannot do any transaction if you want too also so i say that if you have problems in fee don't do transaction and if you need it then do transaction even it's so high that's all you can do.Moreover i think everything here in crypto have a reason why it's happen so always search that then always ask someone if you don't know exactly why it's happen.

whirlcoin

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The best way to avoid high transaction fee by selecting the right wallet based on the use.If you send many transactions then it is good to choose electrum wallet which allws you to send all transactions at once with single fee.If you transaction is single then best to choose blockchain wallet because the fee is affordable when compared to coinbase or other pupular wallets.
But the reason for high transaction fee is traffic in blockchain network so we need to wait if the network is too traffic or else it will cost you more.

Nfp

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To avoid high transaction fees for every transaction you do, you can check it out here at this thread https://bitcointalksearch.org/topic/segwit-wallets-2657620 . Having a different SigWit wallets that you can use to avoid a high transaction fees.

triads

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Quote from: onrise on December 26, 2017, 01:27:20 PM

Right said that you have to pay sometimes high because if the trust factor and they do command that trust. The problem is inspite of paying decent fees your transaction in blockchain gets struck for a week or so thus the purpose of btc itself is sending fast transaction from one place to another is not being served here. Thus users will now shift to another wallet or will shift to another coin all together due to such transaction fees and delayed transfers.

It will also mean all the micro / dust transactions are going to leave, if they haven't already. Fees have averaged $30 to $50 this month... that's insane. If this continues, Bitcoin will cease to be a payment vehicle for the average person. It will only be for investors and people doing large transactions. Ironic, since it was all those smaller transactions that helped Bitcoin become established to begin with.

namjar

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And where is the difference? If you change the fee of a transaction it will be almost the same.

You need to put the recommended fee to make that transaction go through quickly.

Actually, if you use 400 satoshis per byte the transaction will go through fastly, but the recommended fee is aproximately 1000 satoshis per byte (it is all a huge lie)

Maybe your theory would apply right now, but just only for now.

Quote from: akram143 on December 26, 2017, 02:32:13 AM

I think the wallet we are using plays a big part in transaction fee,so you have to choose a wallet with customisable fee structure to avoid high fees.

onrise

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Quote from: Mister1k on December 26, 2017, 01:09:38 PM

Quote from: felipe04 on December 26, 2017, 06:52:23 AM

i think the fees are more good than to avoid that because we have coinpot.co here in crypto and some of transaction there are no fees like in our own country that don't have any fees there,Coinpot.co have different wallet btc,doge,ltc and etc. but i didn't use it because even it's no fees at all we don't have assurance in that wallet not like blockchain that already trusted wallet even with fees.

I don't think wallet site you have mentioned here is trusted source or not. Keep change good wallet provider in market like blockchain wallet or coinbase wallet.
I knew fees are high in the mentioned wallet but trusted and it should not be a scammy wallet for its consumers. We cannot do anything to fees you can utilize the wallet to send or receive after some weeks.

Right said that you have to pay sometimes high because if the trust factor and they do command that trust. The problem is inspite of paying decent fees your transaction in blockchain gets struck for a week or so thus the purpose of btc itself is sending fast transaction from one place to another is not being served here. Thus users will now shift to another wallet or will shift to another coin all together due to such transaction fees and delayed transfers.

Mister1k

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Quote from: felipe04 on December 26, 2017, 06:52:23 AM

i think the fees are more good than to avoid that because we have coinpot.co here in crypto and some of transaction there are no fees like in our own country that don't have any fees there,Coinpot.co have different wallet btc,doge,ltc and etc. but i didn't use it because even it's no fees at all we don't have assurance in that wallet not like blockchain that already trusted wallet even with fees.

I don't think wallet site you have mentioned here is trusted source or not. Keep change good wallet provider in market like blockchain wallet or coinbase wallet.
I knew fees are high in the mentioned wallet but trusted and it should not be a scammy wallet for its consumers. We cannot do anything to fees you can utilize the wallet to send or receive after some weeks.

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Quote from: felipe04 on December 26, 2017, 06:52:23 AM

i think the fees are more good than to avoid that because we have coinpot.co here in crypto and some of transaction there are no fees like in our own country that don't have any fees there,Coinpot.co have different wallet btc,doge,ltc and etc. but i didn't use it because even it's no fees at all we don't have assurance in that wallet not like blockchain that already trusted wallet even with fees.

This is my first time I do see up this site or wallet. Is this a local wallet? Because telling or saying making transactions without any fees are only possible on a local wallet with the same user which you can actually transfer funds without fees since you are using the same just like we do see on coinbase or any other local wallet. They do make use and transact to those people who do have the same wallet to avoid fees but this is only just good for case to case basis knowing that not all people do have the same wallet.

felipe04

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i think the fees are more good than to avoid that because we have coinpot.co here in crypto and some of transaction there are no fees like in our own country that don't have any fees there,Coinpot.co have different wallet btc,doge,ltc and etc. but i didn't use it because even it's no fees at all we don't have assurance in that wallet not like blockchain that already trusted wallet even with fees.

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Quote from: MiningSensei on December 25, 2017, 05:32:58 PM

Quote from: sunsilk on December 25, 2017, 05:18:21 PM

10-20 payments per week then you want to avoid high fees? I think it's only a very small amount to you as you've been receiving a lot of transactions per week.

We all know the exact rate for the fees, and they are insanely high right now.

Yes, they are insanely high but for someone that has tons of transactions and receiving bitcoins weekly it can't be noticed.

Quote from: MiningSensei on December 25, 2017, 05:32:58 PM

Quote from: sunsilk on December 25, 2017, 05:18:21 PM

Transaction fees can be known the estimation here https://bitcoinfees.earn.com/ and when it comes to transaction size it's also written on that site at the very bottom that answers this question, "Which fee should I use?"

You should know that the recommended fee are 0,0023 bitcoins, but if you send 400 satoshis per byte it will get the first confirmation in less than one hour maximum.

Nah, there's no exact recommended fee for each transactions, you see details here https://bitcoinfees.earn.com/

akram143

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I think the wallet we are using plays a big part in transaction fee,so you have to choose a wallet with customisable fee structure to avoid high fees.If you are sending multiple transactions at once then you can use electrum wallet because it cost you single fee for all the transactions.

But the blocksize is also a part of fee,but still im new here I just want to know about these more.

figmentofmyass

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Quote from: 1Referee on December 25, 2017, 06:22:26 PM

Quote from: coolcoinz on December 25, 2017, 02:26:15 PM

The other one is to use another coin to transfer the money, but this is risky as the prices can change so much within an hour that the result will be the same as if you had paid a normal Bitcoin fee.

This has never been much of a decent alternative, and especially not in current times where markets bounce up and down big time. I honestly haven't even seen anyone that I know who follows that route to avoid paying high fees.

i'm actually looking forward to bitpay adding other cryptocurrencies. it doesn't make sense for me to pay high-priority transactions fees with BTC for quick purchases (e.g. an uber gift card to cover several meals or an amazon gift card for an urgent order). but i would be happy to park a few hundred bucks in ETH at any given time if i could widely use it for purchases. but you're right, i wouldn't convert to another currency at the time of purchase. that totally uneconomical.

Quote from: 1Referee on December 25, 2017, 06:22:26 PM

I am not at all a fan of viabtc as business, but I do appreciate their effort to offer people at least a potential chance to get their stuck transactions confirmed for free.

same. but it feels shitty, knowing that viabtc is basically a front for bitmain, and that they are pushing the bcash agenda.

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Quote from: coolcoinz on December 25, 2017, 02:26:15 PM

The other one is to use another coin to transfer the money, but this is risky as the prices can change so much within an hour that the result will be the same as if you had paid a normal Bitcoin fee.

This has never been much of a decent alternative, and especially not in current times where markets bounce up and down big time. I honestly haven't even seen anyone that I know who follows that route to avoid paying high fees. In most cases people who struggle with the higher fees just accept the fact of having to wait longer for confirmations to come through with a lower overall fee. In situations where you need relatively quick confirmations, you'll go for a relatively higher fee, but if there is no need to rush things, then cut the fee in half and accept waiting a few hours, and in the meanwhile try to accelarate it. I am not at all a fan of viabtc as business, but I do appreciate their effort to offer people at least a potential chance to get their stuck transactions confirmed for free.

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Quote from: richardsNY on December 24, 2017, 06:45:23 PM

In case of you receiving that number of transactions per week, and especially if they are low value transactions, you're better off using an online wallet service as temporary hot spot. All your payments will then be sent to the online wallet that you use, from where you can let them pile up and eventually send them to your own wallet by paying just one fee, which in most cases is just the network fee. If you let them pile up in a normal wallet client, and you try to send all these funds at once, you'll need to pay a fee according to the total byte size, which in most cases is 226 bytes per transaction. So 20 transactions x 226 bytes = 4.5KB, which means that your recommended fee will be at least 0.03 BTC.

this calculation is incorrect. 226 bytes is the median transaction size on the network. the actual size calculation is as follows:

148 bytes per input
34 bytes per output
10 bytes required for transaction framework

typical users send one input and two outputs (the second output being a change address). 148 + (34 x 2) + 10 = 226 bytes.

but your idea is correct here. as much as i hate web wallets like xapo and coinbase, you can accumulate lots of UTXOs (payments) there and simply pay their algorithmic network fee per withdrawal. it'll be a lot cheaper than trying to send 20 inputs in a transaction (unless you are willing to send very low-fee transactions and wait for unreliable confirmation or pool acceleration).

but it should be noted that keeping funds on xapo or coinbase means you don't control your funds; you are trusting a third party to keep your funds safe.

MiningSensei

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The best thing that i can suggest to this guy is just try to avoid using wallets who are going to charge him for sending unique payments, just use one like electrum who allows you to send multiple payments at the same time.

Quote from: sunsilk on December 25, 2017, 05:18:21 PM

10-20 payments per week then you want to avoid high fees? I think it's only a very small amount to you as you've been receiving a lot of transactions per week.

We all know the exact rate for the fees, and they are insanely high right now.

Quote from: sunsilk on December 25, 2017, 05:18:21 PM

Transaction fees can be known the estimation here https://bitcoinfees.earn.com/ and when it comes to transaction size it's also written on that site at the very bottom that answers this question, "Which fee should I use?"

You should know that the recommended fee are 0,0023 bitcoins, but if you send 400 satoshis per byte it will get the first confirmation in less than one hour maximum.

sunsilk

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10-20 payments per week then you want to avoid high fees? I think it's only a very small amount to you as you've been receiving a lot of transactions per week.

Transaction fees can be known the estimation here https://bitcoinfees.earn.com/ and when it comes to transaction size it's also written on that site at the very bottom that answers this question, "Which fee should I use?"

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Quote from: greeklogos on December 25, 2017, 08:51:44 AM

As I understood you receive 10-payments per week, so you actually need no worries, cause those who send you those coins pay transaction fee, but not you. And if you are in the situation where you need to send coins to multiply accounts you simply can do it on Blockchain.info, they have such function which helps to escape high fees. Good luck!

he might be worried because the fees are affecting his business or people are subtracting the fee from the transaction amount. It happens when you're exchanging the money and planning to send the other party the agreed amount through an exchange - trading fees. You send some more to be sure and in the end have to pay $5 in exchange fees and another 20 to send it to somebody's wallet.

I think there are only 2 options. One is to use a free accelerator, but it's difficult. They are usually full.
The other one is to use another coin to transfer the money, but this is risky as the prices can change so much within an hour that the result will be the same as if you had paid a normal Bitcoin fee. You have to do the math yourself.

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Quote from: howtobuy on December 25, 2017, 01:12:55 PM

transactions fees depend on number of people who are sending coins at the same time. If there is high volatility in the market - the transaction fee goes up

It depends on the network delay only not depends on the number people ttansct itm you may find the many people own ths mining farm and doing that work as a main job.
In the time hard fork you will find the bitcoin transaction seems slower and you will get the transaction fees also higher due to block increasing with the segwit2x activation.

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transactions fees depend on number of people who are sending coins at the same time. If there is high volatility in the market - the transaction fee goes up

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Maybe you can use a wallet that allows you to control which inputs/s to spend. For example you have an outputs of: .03, .001, .01, .01 and you wanted to send .02+fees, you can just manually select .03 if for some reason your wallet made .01,01 and .001 as an inputs which would definitely increase the transaction size.

This is just a case by case basis but it will help most of the time. From what I know bitcoin core and electrum has this feature. Here's a tutorial for electrum: https://bitcoinspakistan.com/blog/coin-control-in-electrum

You can also disable the use of change addresses in electrum although it's a huge down in terms of privacy. Further info here: https://bitzuma.com/posts/who-needs-bitcoin-change-addresses-anyway

greeklogos

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As I understood you receive 10-payments per week, so you actually need no worries, cause those who send you those coins pay transaction fee, but not you. And if you are in the situation where you need to send coins to multiply accounts you simply can do it on Blockchain.info, they have such function which helps to escape high fees. Good luck!

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Quote from: rapidleech on December 20, 2017, 09:17:54 PM

hey guys
i need a clear & technical answer:

How to avoid high bitcoin transaction fees?
i receive 10-20 payment per week , so how to avoid increase of transaction size?

How "transaction size" & Transaction Fees in blockchain work?

To avoid such high fees you need to have a different wallet everytime to lessen the fees by the input of your address and the queues of it. Every transactions in input and outputs has an impact to the fees. Better stay away from so many transactions in the same wallet.

katinko

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The only way is to limit your transaction because even you send small amount of satoshi the fee still high that is why if you received 10 to 20 transaction weekly tell to the sender that make it twice a mo th to lessen the fees imposed in every transactions. Also if you alway avail the smaller fee the delay of transaction is too long.

Murloc

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You can also wait some time collect all those transactions and merge them on your own wallet jusr by sending it to your own address. If you won't be in a hurry then you can also use accelerator. Calculate what is needed foe ViaBTC acceleration and set this fee. That won't be expensive.

xYakult

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AFAIK this formula is used to determine the transaction size

180 bytes per input + 34 bytes per output + 10 bytes

So to save money on fees, try to avoid recieving dust transaction (maybe transactions less than 50k satoshi for now) so you will not pay higher fees because of small inputs.

shield132

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lite correctly mentioned, use segwit adresses. But what are you looking for isn't some magic because as you see currently there are more than 200K transactions which is a lot. If something similar trick would exit, previous number must be 100x low.
Ok, there is one way too, send transaction with 0.0001btc fee and then accelerate with viabtc if you are quick enough to include transaction in their free 100 tx list. Another way is to broascast them by blockchain, antpool and etc, there is a thread about it.
Can't say anything more but consider, it would be better if you ask similar questions in Technical Discusion.

richardsNY

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Quote from: rapidleech on December 20, 2017, 09:17:54 PM

hey guys
i need a clear & technical answer:

How to avoid high bitcoin transaction fees?
i receive 10-20 payment per week , so how to avoid increase of transaction size?

How "transaction size" & Transaction Fees in blockchain work?

In case of you receiving that number of transactions per week, and especially if they are low value transactions, you're better off using an online wallet service as temporary hot spot. All your payments will then be sent to the online wallet that you use, from where you can let them pile up and eventually send them to your own wallet by paying just one fee, which in most cases is just the network fee. If you let them pile up in a normal wallet client, and you try to send all these funds at once, you'll need to pay a fee according to the total byte size, which in most cases is 226 bytes per transaction. So 20 transactions x 226 bytes = 4.5KB, which means that your recommended fee will be at least 0.03 BTC.

lite

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Quote from: rapidleech on December 20, 2017, 09:17:54 PM

hey guys
i need a clear & technical answer:

How to avoid high bitcoin transaction fees?
i receive 10-20 payment per week , so how to avoid increase of transaction size?

How "transaction size" & Transaction Fees in blockchain work?

Who sends you the payment? it would be best if both party(receiver and sender) used segwit address(fees are cheaper) and decrease the number of inputs(especially this)/outputs. to calculate, how much effect inputs/outputs have on the fees, use this tool(estimatefee.com).

bL4nkcode

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Limited in number. Limitless in potential.

So many aspects that can affect bitcoin transaction fees;

First is the numbers of inputs/and or outputs of your transaction, so
Avoid having too many dust/microtransactions
And even wallet you used might be one of the reasons for having huge fees without your notice when you make a transaction, so avoid this kind of wallets sometimes blockchain.info wallet users experienced since this

rapidleech

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hey guys
i need a clear & technical answer:

How to avoid high bitcoin transaction fees?
i receive 10-20 payment per week , so how to avoid increase of transaction size?

How "transaction size" & Transaction Fees in blockchain work?

Topic: How to avoid high bitcoin transaction fees? (Read 570 times)