I am not sure if this is good. But I keep doing this everytime.
If I want to send Bitcoins to someone, instead of sending them Bitcoin, I buy crypto with low mining fee for like DOGE, LTC or BCH. Then I send it to them in the form of other altcoin.
Topic: Is bitcoin transaction fees fair? - page 17. (Read 36260 times)
Are the transaction fees going to decrease ?
I have to send a small amount (0.0022) of Bitcoin from my bitcoin.com wallet to localbitcoin.com wallet
and the transaction fees are costing me about 43% of the amount I'm sending.
So should i wait for the transaction fee to lower (If they do) or send now
If you wait for transaction fees to lower, then there are chanses that bitcoin may fall too (but there is a chanse it will rise too, hard to determine). I think it will be better for you to send transaction with low fee and use viabtc accelerator (you have to be quick because viabtc's free acceleration service is spammed, everything must be done in 2 seconds). So I would send with 0.00011 btc fee (viabtc needs transaction with at least 0.0001btc fee to include it in accelerator).I have to send a small amount (0.0022) of Bitcoin from my bitcoin.com wallet to localbitcoin.com wallet
and the transaction fees are costing me about 43% of the amount I'm sending.
So should i wait for the transaction fee to lower (If they do) or send now
I think it depends on the application who are transfering your coins if it is more secured. In my side, It is ok for me to pay high fees if the transaction is fast and there is no way for my coins to get hacked by any other users.
you may say the cost is very expensive and unfair if bitcoin is only in your country only and is only used by the people in your country, do you think like this bitcoin does not live in society that exist in your country only, you know that bitcoin covers all countries that have currency of different value, you will understand that later
I think fair enough because bitcoin prices have soared. Do you have any doubts? Maybe you think this is unfair to those who do not have a lot of bitcoin. Which I think so too.
Are the transaction fees going to decrease ?
I have to send a small amount (0.0022) of Bitcoin from my bitcoin.com wallet to localbitcoin.com wallet
and the transaction fees are costing me about 43% of the amount I'm sending.
So should i wait for the transaction fee to lower (If they do) or send now
If you wait for transaction fees to lower, then there are chanses that bitcoin may fall too (but there is a chanse it will rise too, hard to determine). I think it will be better for you to send transaction with low fee and use viabtc accelerator (you have to be quick because viabtc's free acceleration service is spammed, everything must be done in 2 seconds). So I would send with 0.00011 btc fee (viabtc needs transaction with at least 0.0001btc fee to include it in accelerator). I have to send a small amount (0.0022) of Bitcoin from my bitcoin.com wallet to localbitcoin.com wallet
and the transaction fees are costing me about 43% of the amount I'm sending.
So should i wait for the transaction fee to lower (If they do) or send now
Many bitcoin wallet earn revenues from the fees that they collect in every customer. I think the best way to lessen the expenses from this it withdrawing your bitcoin once not many times.
In this way you can save somehow money which you spend in paying the fee.
In this way you can save somehow money which you spend in paying the fee.
Are the transaction fees going to decrease ?
I have to send a small amount (0.0022) of Bitcoin from my bitcoin.com wallet to localbitcoin.com wallet
and the transaction fees are costing me about 43% of the amount I'm sending.
So should i wait for the transaction fee to lower (If they do) or send now
I have to send a small amount (0.0022) of Bitcoin from my bitcoin.com wallet to localbitcoin.com wallet
and the transaction fees are costing me about 43% of the amount I'm sending.
So should i wait for the transaction fee to lower (If they do) or send now
This thing is unfair for me also that the transaction fee is to high. Bitcoin seeks to provide a low and fast transaction, free from tax but if they are imposing a high transaction fee, how it would be?
You know the transaction fees were meant to go up if the value of Bitcoin also goes up. It's virtually the same satoshis you pay on your transactions a year or two back but because Bitcoin wasn't much valuable you didn't feel it like today and at the time we thought we were paying low transaction fees.
This thing is unfair for me also that the transaction fee is to high. Bitcoin seeks to provide a low and fast transaction, free from tax but if they are imposing a high transaction fee, how it would be?
For me it is fair enough, we all know that bitcoin has been the business and work of many people in different countries, just like us exchanges has been a large business as well. without them, it is hard for us to exchange our bitcoin to our local currency and if they will offer just a cheap transaction fee maybe they cannot sustain their company and might get closed.
This thing is unfair for me also that the transaction fee is to high. Bitcoin seeks to provide a low and fast transaction, free from tax but if they are imposing a high transaction fee, how it would be?
High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.
It may result for that but most of the transactors know what to do. Everyone will just let this pass and wait for the fees to get down. The fees now are really high and though the fees are high people are still transacting with bitcoin because it's the most popular coin and it will make transactions lower because of it.The transaction fees are quite high to transfer bitcoin. For instance, I transferred 100 dollars worth of bitcoin, it the transaction fee was around 10 dollars. I hope they scale properly to have transaciton fees lower if they want bitcoin to be used as a world wide payment system.
I think all waiting for Lightning Network that will allow to reduce transaction time and comissions.
High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.
It may result for that but most of the transactors know what to do. Everyone will just let this pass and wait for the fees to get down. The fees now are really high and though the fees are high people are still transacting with bitcoin because it's the most popular coin and it will make transactions lower because of it.High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.
It may result for that but most of the transactors know what to do. Everyone will just let this pass and wait for the fees to get down. The fees now are really high and though the fees are high people are still transacting with bitcoin because it's the most popular coin and it will make transactions lower because of it.I'm sure fees are not fair at the moment. But fixing this and overcoming this problem is a vital duty for bitcoin core developers. Once they fix this problem, our trust will increase for bitcoin team.
The transaction fees are quite high to transfer bitcoin. For instance, I transferred 100 dollars worth of bitcoin, it the transaction fee was around 10 dollars. I hope they scale properly to have transaciton fees lower if they want bitcoin to be used as a world wide payment system.
High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.
I have checked the list of transactions included in the recently mined blocks. Most of them are medium sized ones (with estimated value ranging from $100 to $1,000). These people are paying anywhere from 2.5% to 25% of the total amount as fees. Transactions with a value of less than $100 have almost disappeared from the picture.
main reason for bitcoins success is the unpopularity with the established banker cartelss worldwide, not bitcoins technological quality and efficiency, for that there are currently many more much better cryptocurrencies.
regards
regards
pay more than $ 30 to wait 24 hours is sometimes a bit irritating
High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.
It may result for that but most of the transactors know what to do. Everyone will just let this pass and wait for the fees to get down. The fees now are really high and though the fees are high people are still transacting with bitcoin because it's the most popular coin and it will make transactions lower because of it.I'm sure fees are not fair at the moment. But fixing this and overcoming this problem is a vital duty for bitcoin core developers. Once they fix this problem, our trust will increase for bitcoin team.
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