I think there is bitcoin along with the linked fees and the cost or value equally. Due to the rising Bitcoin network fees we atmosphere there is a compulsion to revisit the Local Bitcoins transaction loan system. In order divide the costs of handling Bitcoin transactions in a fair appearance we are introducing strengthening fees for incoming transactions.
Topic: Is bitcoin transaction fees fair? - page 5. (Read 36260 times)
Well personally, i think it is fair and it is necessary. I know that the transaction fees can be really high depending on the amount you are going to move but if you think about it, this fee is still cheaper that what you need to pay for the fees of Paypal, Western Union or other money transfer companies. Necessary because these fees are for a smooth and efficient transaction that we need to do.
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.
We need those miners so don't ever think in that way. Yes the higher the price, the more money the miners will have but this somehow a business. We have nothing to do just to pay the fee or else no transactions will happen. On the other hand it is hard for us to pay higher fees when the price is low. Don't ever think about that?
Fees are fair to every parties, to the miners and for us. We need each other, expand your ideas and make a stronger stand.
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.
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 couldn't imagine the expensive fee when bitcoin prices continue to rise. Of course 10k USD will have a very high rate. And of course the fee will be very big. And it will be burdensome for users. So I think, if the value of bitcoins increased then we have to pay more fees.On the other hand if the value of bitcoins decreased then we have to pay the low fees.
for me the cost taken has been agreed from the beginning, no problem about it. In the business world such a thing has become a liability between the seller and the buyer before making btc transactions with prior approval.
I'm sure you will never be able to find fair value in bitcoin trading fees. Because bitcoin always fluctuates and changes the transaction fees. Actual transaction fees are guaranteed for you to have the correct transactional conversions. You can not expect that from their long-standing policy. For me, adding a fraction of transaction fee will not make you lose your trust. Bittrex has a high transaction fee, but I feel safe there because it's their reputation.
Not fair but I think it is reasonable. If you want a faster transaction, you shell out additional fees and lower fees for not so fast confirmations. I think it is not automatically setup but you have to select it manually in your wallet.I hope network improves so that it is convenient t0 send and receive transaction just like before.
Their are changer that their fee is so expensive, but how we get our real price of of token if the fee is so expensive. For me its not fair because we workhard for our token.
Transactions that pay more fees are faster than those that pay less fees, it's normal, but that's not the problem. The problem is the time it takes. For example, if the transactions with higher fees took a minute and those that pay less took two hours, it would be understandable. However, the problem is that there are transactions that are taking 12-24 hours and that is too much.
Fair, high and low will be different for different people, but just from today, I have sent a few batches of $1500 transactions that cost around 70 cents each. I can only think that anyone who would call that high doesn't actually deal in btc and it just writing random fictional thoughts.
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.
For me, anything that charges about 2% for every transaction would be fair, especially if it confirms in real time. Now if bitcoin transactions can be made faster without increasing the fees too much then it is like fairy tale come true. But there are those who are benefitting from these high fees and they are not going to let go of such earning opportunity that easily. 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 this is due to the speed in which it grew. It was unprecedented. The lightning protocol has already begun but it takes time to achieve enough nodes to see the transaction fees reduce significantly. I think by the time we go in another bull run we will be in a much better position.
The current fees are just horrible. The only positive effect is that i don't spend and keep holding lol. Anyway, i hope that soon this problem will be resolved because i don't think it can continue like this way in the long run.
Yes bitcoin transaction fee is a major issue. The transaction fees is very high. It is too huge to serve as transaction fee. Just imagine if there is no transaction fees, it will add our profits and we fearlessly do many transaction and earn huge profits.
But it will never happen because exchanges where we trade the bitcoin take lots of money to made itself. These exchanges have the right to earn because these trades help to hide our anonymous identification and made ourselves easy for the trading just sell or buy anything without any proofs, identities and online services. These deserves transaction fees.
But it will never happen because exchanges where we trade the bitcoin take lots of money to made itself. These exchanges have the right to earn because these trades help to hide our anonymous identification and made ourselves easy for the trading just sell or buy anything without any proofs, identities and online services. These deserves transaction fees.
From my point of view this is pretty good why I can say that because the bitcoin system like school if we are diligent there will be a significant increase of course all human wants to get the highest position where we can distinguish who really and who. hope. ... ...
Now transactions with fee as low as 2 Sat/Byte are getting confirmed without any delay. That means that you are paying an average of around $0.05 to $0.10 per transaction. I would say that these levels are quite fair, as Visa/Master is charging much more for their transactions.
The fees aren't fair for the senders considering how high it is and keeping on rising BUT it is how it works, we are the ones determining the fees by how high we are willing to pay to get included quickly. Since bitcoin has no set fees.
To me it is too high but the exchanges are complaining of high cost of mining because power source and security maintenance of their system as the reason for the exorbitant price.
I do agree that, for an exchange, maintenance and security require big investments. I'm not fully sure that they are using transaction fees for those aspects
You can not blame the Bitcoin system, because this fees is more higher mean more transaction, more people know Bitcoin and using it.
You should to feel happy while many people like to using this currency, the price of Bitcoin will increase when this time happen, I can be sure this case.
If we look at current transactions may not be fair, it does not matter if bitcoin transaction fees are expensive on condition that there should be standard calculations. For example when bitcoin price rises then bitcoin transaction fee also increases, but if bitcoin price drops then bitcoin transaction fee must also decrease. The bitcoin transaction fee must also follow the amount of bitcoin to be sent, there must be a standard% calculation following the amount sent.
To me it is too high but the exchanges are complaining of high cost of mining because power source and security maintenance of their system as the reason for the exorbitant price.
I do agree that, for an exchange, maintenance and security require big investments. I'm not fully sure that they are using transaction fees for those aspects
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