Not all transactions in different companies deals with bitcoin are fare in terms of transaction fees. There are lots of bitcoin wallet companies who promotes or offers bitcoin.
There revenues came from these transaction fees so it is very vital to them in order survive. I think as a investor we should find a company who offers reasonable transaction fees with excellent services.
Topic: Is bitcoin transaction fees fair? - page 13. (Read 36260 times)
I think it's relative ... If you live in a country with many limitations in the economy and with very high inflation rates, I think it's worth paying a higher rate to have a safer way to keep your wealth. But if Bitcoin wants to influence the economy of the whole world, then certainly such fees should be reduced, and such delays in confirmations should be eliminated.
I do not know if it's fair but it's the fever of the moment, so maybe they'll take advantage of it
I do not know if it's fair but it's the fever of the moment, so maybe they'll take advantage of it
The recent high Bitcoin transaction fees is worrisome but that is one of the price to pay for
influx of a lot of people to the cryptocurrency space. The network is very slow these days compared
to what was obtainable in the beginning.
influx of a lot of people to the cryptocurrency space. The network is very slow these days compared
to what was obtainable in the beginning.
that is right mate and for sure it will be solved in no time because that would not surely be the case that people will be discouraged in getting bitcoin. We want many people to be in the industry so that all of us will be happy and wealthy
yes it is fee can be change for transferer if want fast increase.if relax make less
The recent high Bitcoin transaction fees is worrisome but that is one of the price to pay for
influx of a lot of people to the cryptocurrency space. The network is very slow these days compared
to what was obtainable in the beginning.
influx of a lot of people to the cryptocurrency space. The network is very slow these days compared
to what was obtainable in the beginning.
I think currently the cost of bitcoin transactions is unfair, there is no fixed value in every transaction, always changing. The developers should be able to solve this problem quickly so as not to harm investors with small capital.
The size of a transaction depends on the number of entries that the funds support. The more entries we have, the more it will cost to make a transaction. On the other hand, those who make small transactions, in addition to the waiting time for the network to group similar transactions as a single payment, must pay rates even higher than the initial amount of the transaction.
At the moment for btc holders the fees might be fair as they had earned a lot from btc and this fees are nothing but for newcomers when they want to buy or transfer it the fees are so high and not so fair.
Exactly. Bitcoin fee is not fair for newscomers. Because not everyone can afford at least one Bitcoin. And the purchase of small and not expensive things in general becomes without meaning. In this case, Bitcoin generally loses its meaning as a monetary unit.
At the moment for btc holders the fees might be fair as they had earned a lot from btc and this fees are nothing but for newcomers when they want to buy or transfer it the fees are so high and not so fair.
It all depends on the price of the Bitcoin on the moment of your transaction. If you want it cheap, then wait for the prices to fluctuate.
the bitcoin transaction fees has increased a lot than before
the fees were quite low before which was on of the main advantage of bitcoins but now as the prices have risen so have the transaction fees
for a $200 transaction almost $20 transaction is required which is too much
there are other cryptocurrencies as well who offer less transaction fees than bitcoins
the recent rise in the transaction fees of bitcoins might be a problem and due to which the prices might fall
the fees were quite low before which was on of the main advantage of bitcoins but now as the prices have risen so have the transaction fees
for a $200 transaction almost $20 transaction is required which is too much
there are other cryptocurrencies as well who offer less transaction fees than bitcoins
the recent rise in the transaction fees of bitcoins might be a problem and due to which the prices might fall
The fees of bitcoin is not fair because what if you are just a small timer and you will just send at least 0.005 bitcoins to your friend as a payment but the fee is over 0.001 then it is very frustrating because the fee is so high and it cut a very huge amount from the original which is such a disappointment for a small timer like me.
it seems unfair if we redeem bitcoin into paper money when a small fee takes a few days to be confirmed then type a large fee very quickly to be confirmed in my opinion unfair
To an extent if the fee is charged is fine but charging some 50 $ + to send from blockchain for priority for just 0.1 btc is too high and such overcharge needs to be taken care. Else what will be happening is that people will change their paths to different altcoins which provide faster confirmations with very less fees and this may result in decrease of demand in the btc in coming time.
When Btc price is rising why wouldn't the fees. It's just like the average pay is increasing so is the price of the essential commodities.
Also you can select lower fees for the transaction but it takes more time.
Also you can select lower fees for the transaction but it takes more time.
Bitcoin transaction is also acting as a obstacle against bitcoin sometimes . It is the fixed amount which is to be payed for every transaction you make. So i think it is unfair to charge transaction fees.
Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
I think it's unfair with the cost of bitcoin transactions today which is expensive, because not everyone has the same amount of bitcoins. So like me who has bitcoin in small quantities will think twice if will do the transaction. Problems like this also hinder the adoption of bitcoin to be used as alternative payment to buy goods or services in a store or other field.To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
Honestly, I want to ask you a question: "Do you really want to use Bitcoin for payment while other payment method can provide better system?"
it seems unfair if we redeem bitcoin into paper money when a small fee takes a few days to be confirmed then type a large fee very quickly to be confirmed in my opinion unfair
Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
I think it's unfair with the cost of bitcoin transactions today which is expensive, because not everyone has the same amount of bitcoins. So like me who has bitcoin in small quantities will think twice if will do the transaction. Problems like this also hinder the adoption of bitcoin to be used as alternative payment to buy goods or services in a store or other field. To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
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