Topic: Is bitcoin transaction fees fair? - page 24. (Read 36260 times)
If everything got expensive, so do fee since they are adjusting based on bitcoin value for miner in fair way.
The fees right now are very high, it really discourages bitcoin usage for small amounts... But the developers are trying to find solutions to fix this problem, i just hope they get it done quickly and don't take too long (if thats the case people might end up prefering some other altcoins unfortunately).
Price is increasing so definitely the USD value of fees will increase too.
Let's say for exchanges, in the past they charged 50k to 80k satoshis per transaction. If they will used the same fees today, of course the value of it today is different from what it is in the past. Way higher in terms of USD value. Well we just have to deal with that because we, average bitcoiners, have no choice.
The fees right now are very high, it really discourages bitcoin usage for small amounts... But the developers are trying to find solutions to fix this problem, i just hope they get it done quickly and don't take too long (if thats the case people might end up prefering some other altcoins unfortunately).
Price is increasing so definitely the USD value of fees will increase too.
Let's say for exchanges, in the past they charged 50k to 80k satoshis per transaction. If they will used the same fees today, of course the value of it today is different from what it is in the past. Way higher in terms of USD value. Well we just have to deal with that because we, average bitcoiners, have no choice.
The fees right now are very high, it really discourages bitcoin usage for small amounts... But the developers are trying to find solutions to fix this problem, i just hope they get it done quickly and don't take too long (if thats the case people might end up prefering some other altcoins unfortunately).
I think it is very fair, currently the transaction costs around 12k satoshi (I use wallet blockchain.info), or if judged then no more than $ 1 for a single transaction, when compared to banks of course the cost of bitcoin transaction is very small and cheap.
No more than $1 per transaction? A few days back, one of my friends paid $20 for a single transaction and it got confirmed after 4 hours. Don't beat around the bush. Just admit it. The fee is too high, when compared to the other payment mediums such as Paypal, Visa and Master.
This is so true Bitcoin transaction fees right now is rally high. I tried to send $5 worth of bitcoin to buy an altcoin in ICO and the asking fee was $2. I think this is one of the reason why others are shifting to altcoins where fees are way cheaper and transactions are way faster. In a sense high fees are killing Bitcoin.
I have faced a problem of high fees too. At transfer of $100 the commission has made $12. Same robbery!!! 
I think it is very fair, currently the transaction costs around 12k satoshi (I use wallet blockchain.info), or if judged then no more than $ 1 for a single transaction, when compared to banks of course the cost of bitcoin transaction is very small and cheap.
No more than $1 per transaction? A few days back, one of my friends paid $20 for a single transaction and it got confirmed after 4 hours. Don't beat around the bush. Just admit it. The fee is too high, when compared to the other payment mediums such as Paypal, Visa and Master.
Which I feel the cost of bitcoin transactions more expensive, withdrawal costs if we use exchangers usually more than 100k satoshi or about $ 7, for me this is expensive and not fair, it's time dev. care about this in order to lower transaction costs.
I think it is very fair, currently the transaction costs around 12k satoshi (I use wallet blockchain.info), or if judged then no more than $ 1 for a single transaction, when compared to banks of course the cost of bitcoin transaction is very small and cheap.
I see these fees as a huge problem and the biggest obstacle for btc to become a daily used coin.
BTC and the blockchain are relatively new, I'll keep the optimism, and wait that new implements, like the lightning network could solve this.
BTC and the blockchain are relatively new, I'll keep the optimism, and wait that new implements, like the lightning network could solve this.
I think so. The fee is too high now. Because the block size is too small. I think the devs have to improve this weakness. if not, miners and investors can give up Bitcoin.
i do not think these transaction fees nowaday fair, i still dont dont think those exchanges can charge people like 3%-6% for 1 BTC, this a mount if multiplied will be huge, i think they should change their fee lower than a bit to satisfy small investors all around the world.
Become a MINER, then U never even have to deal with an exchange.
Exchanges are gatekeepers and criminals,
Satoshi never envisioned gatekeepers, the peer2peer network was always nodes buying/selling.
The exchanges have become nothing more than casinos
Sincerely, it is expedient to mention here that the transaction fee for bitcoin can sometimes be killing. It can be termed as tax too. But meanwhile, it is good that you consider it whether for trading or asset.
TAX TRADERS to DEATH
Let Savers become RICH.
i do not think these transaction fees nowaday fair, i still dont dont think those exchanges can charge people like 3%-6% for 1 BTC, this a mount if multiplied will be huge, i think they should change their fee lower than a bit to satisfy small investors all around the world.
well, if you pay a little fee, then the transaction you do will feel long enough, but if it is big, it may be fast. well, so many transactions that need to be noticed, so, I think that's fair enough.
Yes I agree it's fair, bitcoin transaction fee is still lower than charge cost of using remittance agencies like western union paypal or anything else. Also the transaction is faster than any remittace service, bitcoin is still give us benefits. 
well, if you pay a little fee, then the transaction you do will feel long enough, but if it is big, it may be fast. well, so many transactions that need to be noticed, so, I think that's fair enough.
it is fair most of the time sometimes the fees does increase but it manageable for me.
i always send higher amount of transactions rather than sending minimum or less amount
it saves fees for me and is also cost effective
i always send higher amount of transactions rather than sending minimum or less amount
it saves fees for me and is also cost effective
see this is the flaw with bitcoin.. your reason the fees are OK is because you dont spend bitcoin on anything.. just hold it and only do transactions if you really need to.
go buy something online for about 50$ and tell me how great these fees are.
it is fair most of the time sometimes the fees does increase but it manageable for me.
i always send higher amount of transactions rather than sending minimum or less amount
it saves fees for me and is also cost effective
i always send higher amount of transactions rather than sending minimum or less amount
it saves fees for me and is also cost effective
Sincerely, it is expedient to mention here that the transaction fee for bitcoin can sometimes be killing. It can be termed as tax too. But meanwhile, it is good that you consider it whether for trading or asset.
I love everything about crypto currency world, philosophy of decentralization, how it brings freedom, how big is the community etc. except those enormous transaction fees. you are right, it can really sometimes be killing. I hope it will not keep on like that.
Its even my sigh on bitcoin transaction fees, governments using people in terms of cash saying it is for our own civilization and keeping the government officials with luxuries.
However we are even having the same pain, lot of Bitcoin wallets available and for deposits, withdrawals they are charging the transaction fees from us.
I am using a wallet what I could observe is my deposit amount is deducted after paying some transaction fees but even that I kept observing the Wallet from a week bitcoin price is increasing but my money in wallet is not increasing, this game is really a cheating.
If our bitcointalk.org owner itself is having a wallet, exchange with less transaction fees.
No matter what I will be the first person depositing my money in this loving bitcoin talk platform.
If any one even knows good wallets with less transaction fees kindly suggest me.
However we are even having the same pain, lot of Bitcoin wallets available and for deposits, withdrawals they are charging the transaction fees from us.
I am using a wallet what I could observe is my deposit amount is deducted after paying some transaction fees but even that I kept observing the Wallet from a week bitcoin price is increasing but my money in wallet is not increasing, this game is really a cheating.
If our bitcointalk.org owner itself is having a wallet, exchange with less transaction fees.
No matter what I will be the first person depositing my money in this loving bitcoin talk platform.
If any one even knows good wallets with less transaction fees kindly suggest me.
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