Topic: Is bitcoin transaction fees fair? - page 30. (Read 36260 times)
We have no choice in this matter, and we pay the network commission. My opinion is that the network commission is quite high.
Right now I'm really stuck with the transaction fee. Because I'm a poor person and $ 1 to 5 $ is a great thing I'll exchange it with our country's money. So the transaction fee for me is not fair but because we can not do it. So let it go, I hope it will be resolved and stop. so that we can freely use bitcoins. Because really much money is missing from me everyday when I go to another wallet
C'Mon, man! You are senior member, you must be aware of the latest trend in fees. There is no need to send transaction fees of $1-$5 for a transaction to happen. The fastest and cheapest transaction fee is currently 140 satoshis/byte. For the median transaction size of 226 bytes, this results in a fee of 31,640 satoshis. That accounts for $1.5. That is fastest transaction fees. Your transaction can very well happen with the fees <$1. It won't even take much time. For blockchain to keep running securely, this much incentive is indeed required for the miners.I just want also to point it out that the bitcoin fee amount is not really fixed and it keeps on changing from time to time. You can further check it here: https://bitcoinfees.21.co - my advice is to bookmark that site as it comes handy especially if you really badly needed the money and would like very fast transactions with a just fee and not necessarily big amount of fees as it should be.
Well of course you have to pay fee after every transaction you can say its your tax.There's nothing free in this world and if we talk about these fee probably we're paying to much low fee. Lets see other like PayPal they applied 0.70$ PER transaction ( if you're using business account ). Sometimes the fee looks more if you are giving / sending small amount of satoshi as payment. Also the bitcoin current price is high so the fee is same but when calculated in USD seems more than usual.
I think it's fair since miners number is growing and bitcoin price is multiplied many times.
i think its pretty fare for it yet its still cheap because bitcoin is just starting its adoption to the masses and soon all will be using bitcoin as form of payment, it would be good for the ones who invested early on because when this happen they will reap its profit
Right now I'm really stuck with the transaction fee. Because I'm a poor person and $ 1 to 5 $ is a great thing I'll exchange it with our country's money. So the transaction fee for me is not fair but because we can not do it. So let it go, I hope it will be resolved and stop. so that we can freely use bitcoins. Because really much money is missing from me everyday when I go to another wallet
C'Mon, man! You are senior member, you must be aware of the latest trend in fees. There is no need to send transaction fees of $1-$5 for a transaction to happen. The fastest and cheapest transaction fee is currently 140 satoshis/byte. For the median transaction size of 226 bytes, this results in a fee of 31,640 satoshis. That accounts for $1.5. That is fastest transaction fees. Your transaction can very well happen with the fees <$1. It won't even take much time. For blockchain to keep running securely, this much incentive is indeed required for the miners.
I use Blockchain.info and think Fee is good not high and not low but i can send 50$ to any one in the world with 0.5$ only so it is very cheap and when high price also high
For me something no and something yes bitcoin transaction fee is kinda hurting me everytime you will send few bitcoins some fees are into 0.001 and its really hurt sometimes i just save it and one time withdrawal for to saved fees too.
Really? Everything is fixed now the fee is back to normal, You can send your transaction with the lowest fee, I have sent many transactions with as low as 0.0001. The day the OP created the thread the fee the miners asking was really high but now it is back to normal you don't have to send your transaction with 0.001 fee. You don't have to worry about your transaction now you can send with small fee too
Right now I'm really stuck with the transaction fee. Because I'm a poor person and $ 1 to 5 $ is a great thing I'll exchange it with our country's money. So the transaction fee for me is not fair but because we can not do it. So let it go, I hope it will be resolved and stop. so that we can freely use bitcoins. Because really much money is missing from me everyday when I go to another wallet
You can send with low fees using 0.50$ as fee, I guess that is the right fee to give to miners? But with low fee it can take some time about 6 blocks to get confirmed but it will get confirmed. Just if you are saving some money.
Right now I'm really stuck with the transaction fee. Because I'm a poor person and $ 1 to 5 $ is a great thing I'll exchange it with our country's money. So the transaction fee for me is not fair but because we can not do it. So let it go, I hope it will be resolved and stop. so that we can freely use bitcoins. Because really much money is missing from me everyday when I go to another wallet
In my Country, Philippines We use Coins.ph for Wallet of bitcoins.
And, Everytime I Cash out my converted bitcoin into Fiat, It has the Same Price of fees in Remittances or through Cash Out Via Online bank. So For me it's Really Fair.
I am also from Asia and for me also the transaction fee is good enough for decent amount transaction. but for small amount bitcoins, it looks high. And, Everytime I Cash out my converted bitcoin into Fiat, It has the Same Price of fees in Remittances or through Cash Out Via Online bank. So For me it's Really Fair.
For me something no and something yes bitcoin transaction fee is kinda hurting me everytime you will send few bitcoins some fees are into 0.001 and its really hurt sometimes i just save it and one time withdrawal for to saved fees too.
In my Country, Philippines We use Coins.ph for Wallet of bitcoins.
And, Everytime I Cash out my converted bitcoin into Fiat, It has the Same Price of fees in Remittances or through Cash Out Via Online bank. So For me it's Really Fair.
And, Everytime I Cash out my converted bitcoin into Fiat, It has the Same Price of fees in Remittances or through Cash Out Via Online bank. So For me it's Really Fair.
I consider the commission bitcoin fair, as it is already considered an investment, and not a simple currency through which you can make only payments. If someone wants a small commission, then he can use ordinary currency.
Yes I agree with you that bitcoin is not only a digital currency but it is also an online coin business, and when you invest your money in such a business which gives you a handsome amount of profit then there will be transaction fee. I think transaction fee is the right of the company who provide you such a secure and trustful service. I have no allegations about the transaction fee.
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.
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 thinks that the commision of bitcoin in paying of trading is fair and reasonable ,because everything wants to earn,everybody needs to earn to continue the service of each and everyone in blackchain market.the digital currency like us want to earn then while the coin business needs to earn also,to continue the stock exchange everybody must sacrifice to pay the service according to the rules and regulation of each and everyone.
I consider the commission bitcoin fair, as it is already considered an investment, and not a simple currency through which you can make only payments. If someone wants a small commission, then he can use ordinary currency.
Yes I agree with you that bitcoin is not only a digital currency but it is also an online coin business, and when you invest your money in such a business which gives you a handsome amount of profit then there will be transaction fee. I think transaction fee is the right of the company who provide you such a secure and trustful service. I have no allegations about the transaction fee.
I think that the commission for bitcoin is fair. because it is no longer a simple currency, but a digital one with the possibility of investing. for the big profit there should be a big commission.
It's not fair to me. What I do is I just make less transactions so I wouldn't waste a lot of bitcoins for the stupid fees.
But making less transaction in big amount and doing many transactions with small amount isn't it about the same? It is calculated base on percentage right?
It's not fair to me. What I do is I just make less transactions so I wouldn't waste a lot of bitcoins for the stupid fees.
i think that bitcoin transaction fees quite normal and fair.
if you use this transaction service for your benefit, you should pay that fees. it is not such a big matter as per your gains from bitcoin.
if you use this transaction service for your benefit, you should pay that fees. it is not such a big matter as per your gains from bitcoin.
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 the incident is very reasonable because to get income from marketing there must be a rise and fall in price whether a developer can get money at any time if not from the above. We better obey just this decision and live what it is To complement each other. 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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