Absolutely not, except current time. Ability to choose transaction fee on your own, is the one of the greatest Bitcoin's features!
You can even send transactions at a fees of 0.0001 but doing that can lead the transaction getting lost. I received a payment of 10$ and the fees was so low that finally the network rejected it and he told he never got a refund. So basically it was a loss for both of us. Don't be a dumb idiot to save fees you may ended up losing everything you sent 
Topic: Is bitcoin transaction fees fair? - page 56. (Read 36260 times)
The current cost of a transaction with the bank about $0.4 If domestically and $7.47 if we send abroad, only about $0.2 bitcoin transactions so I think it is very fair.
I do not think that they are fair to me. The fees are very high and it costs me a lot of money. Damn. Bitcoin needs some improvement to become a good source of money.
Really? Then you should try the other way for amount transfer, because i think bitcoin has a cheapest fee and it is fair. I think you should try Western Union, then you know it is good and secondly, bitcoin don't need any improvement it is already a good source of income for a huge people.
I think he is comparing the fees with fiat, then IMO its kind of unfair. Even if you think then also its fair because its a currency which is increasing its value.
But I agree everyone's satisfaction towards anything varies. But I believe its fair.
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.
I do not think that they are fair to me. The fees are very high and it costs me a lot of money. Damn. Bitcoin needs some improvement to become a good source of money.
They aren't fair... I agree with you on that.
However there is really nothing we can do about it. Bitcoin still has advantages over, say Western Union if you are transferring large amounts of money overseas. But that's probably the only advantage that bitcoin has over WU right now, there used to be a 3 page long list of benefits of using bitcoins instead of other remittance services.
Basically, fees are fair if you send $1,000+ in one go, but not if you only send $10-20 as an average joe as at least 20-30% will be taken out of that amount..
I do not think that they are fair to me. The fees are very high and it costs me a lot of money. Damn. Bitcoin needs some improvement to become a good source of money.
Really? Then you should try the other way for amount transfer, because i think bitcoin has a cheapest fee and it is fair. I think you should try Western Union, then you know it is good and secondly, bitcoin don't need any improvement it is already a good source of income for a huge people.
Absolutely not, except current time. Ability to choose transaction fee on your own, is the one of the greatest Bitcoin's features!
Yes, you can send even 100 and many btc and you have ability to choose transaction fee but it's greatest feature? lol, this feature is unuseful. Well, than I prefer very low fee but if I send transaction which will be choose on my own, I highly doubt that will be confirmed. So this isn't greatest bitcoin's feature because we can't choose fee on our own, we have to choose high fee to get confirmation.
Absolutely not, except current time. Ability to choose transaction fee on your own, is the one of the greatest Bitcoin's features!
for me bitcoin transaction fees is fair...
but just don't transact if you have low bitcoin amount. just wait until your bitcoin is big enough and you can transact it all at once.
in order to save transaction fees.
yeah bitcoin transaction fees is really very much fair and i think its transaction fees is low than other transaction online transaction system and i also wait to collect big amount bitcoin then transact and we can see that bitcoin transaction is very smooth and safe than other currency. but just don't transact if you have low bitcoin amount. just wait until your bitcoin is big enough and you can transact it all at once.
in order to save transaction fees.
I do not think that they are fair to me. The fees are very high and it costs me a lot of money. Damn. Bitcoin needs some improvement to become a good source of money.
Currently, fees are very high. And it is making Bitcoin useless for everyday spending as a form of payment (grocery store, coffee shop, etc).
At least in my country, paying over $1 as transaction fee for a coffee or other common small spending is very high. I was avoiding Paypal to get my money from a website because they're charging over $1 for fee... But now Paypal is becoming a better alternative for the moment.
But the fees are still great if you need to buy a luxurious car or a yacht.
Lets not exaggerate, you make it seem as if bitcoin now can only be used by the ultra rich, bitcoin cannot be used any longer for very small transactions but if you make a transaction of a few tens or hundreds of dollars then the fee is fair.At least in my country, paying over $1 as transaction fee for a coffee or other common small spending is very high. I was avoiding Paypal to get my money from a website because they're charging over $1 for fee... But now Paypal is becoming a better alternative for the moment.
But the fees are still great if you need to buy a luxurious car or a yacht.
Currently, fees are very high. And it is making Bitcoin useless for everyday spending as a form of payment (grocery store, coffee shop, etc).
At least in my country, paying over $1 as transaction fee for a coffee or other common small spending is very high. I was avoiding Paypal to get my money from a website because they're charging over $1 for fee... But now Paypal is becoming a better alternative for the moment.
But the fees are still great if you need to buy a luxurious car or a yacht.
Lets not exaggerate, you make it seem as if bitcoin now can only be used by the ultra rich, bitcoin cannot be used any longer for very small transactions but if you make a transaction of a few tens or hundreds of dollars then the fee is fair. At least in my country, paying over $1 as transaction fee for a coffee or other common small spending is very high. I was avoiding Paypal to get my money from a website because they're charging over $1 for fee... But now Paypal is becoming a better alternative for the moment.
But the fees are still great if you need to buy a luxurious car or a yacht.
Curious how many people enjoys current fee system. Well, when I created thread, situation wasn't extremely bad but now it's out of control. Current fee is 420 satoshis/byte.
I can't imagine if anyone still thinks it's normal. We need something to fix this situation or fees will be so extremely unfair which will be against bitcoin popularity and it's users.
Agreed. They must be people with lots of bitcoin who only cares about them.I can't imagine if anyone still thinks it's normal. We need something to fix this situation or fees will be so extremely unfair which will be against bitcoin popularity and it's users.
Some even mentioned: "Do not send if amount is below 50USD".
Well, $50 for me is a considerable amount of money, my whole monthly income is about $200. It seems Bitcoin will just get more useless everyday for that poor population, because they're not going to pay $2 or more for every transaction.
Leaving or receiving their money in Bitcoin would just become a huge loss, as it is being now. And transferring to fiat will eat a considerable percentage of their money.
I am start thinking about to leave Bitcoin, at least for now. If that situation gets resolved I come back, but if it does not, then Bitcoin would just become a good way to transfer huge amounts of money.
Curious how many people enjoys current fee system. Well, when I created thread, situation wasn't extremely bad but now it's out of control. Current fee is 420 satoshis/byte.
I can't imagine if anyone still thinks it's normal. We need something to fix this situation or fees will be so extremely unfair which will be against bitcoin popularity and it's users.
I can't imagine if anyone still thinks it's normal. We need something to fix this situation or fees will be so extremely unfair which will be against bitcoin popularity and it's users.
For me it's a fair transaction and eventhough it has that transaction fees, but compared to fiat currency transactions; bitcoin is fairly lesser than fiat charges. If we compare it in government taxations, btc is not taxable as well and that is the advantages that bitcoin has which you cannot benefit from fiat cash government collection system. I don't see what future will bitcoin be if government will take over the adoption of digital currency, and I guess charges will always remain expensive if bitcoin freedom will be gone in the future.
I agree. That's the biggest advantage of bitcoin. As we all know that government taxed really dramatically and it's not fair for traders. Using this platform is really significant for every traders.It maybe fair compare in built transaction centers or bank, but knowing the fees before it may get us worrisome since it really increase,though it still fine since bitcoin value increasing . However its nice to think if ever that the value increase but the fees were not so we can enjoy more the earnings but it seems impossible.
For me it's a fair transaction and eventhough it has that transaction fees, but compared to fiat currency transactions; bitcoin is fairly lesser than fiat charges. If we compare it in government taxations, btc is not taxable as well and that is the advantages that bitcoin has which you cannot benefit from fiat cash government collection system. I don't see what future will bitcoin be if government will take over the adoption of digital currency, and I guess charges will always remain expensive if bitcoin freedom will be gone in the future.
I agree. That's the biggest advantage of bitcoin. As we all know that government taxed really dramatically and it's not fair for traders. Using this platform is really significant for every traders. for me bitcoin transaction fees is fair...
but just don't transact if you have low bitcoin amount. just wait until your bitcoin is big enough and you can transact it all at once.
in order to save transaction fees.
Thats right , I think the transacton fee of sending bitcoin is fair or equity. Dont send bitcoin if the amount is only little because the transaction fee will add you can save your bitcoin until you reach your target before you send so you will save bitcoin and you can oay only one transaction fee. I think the transaction fee is different because when I use coinbase when I send bitcoin to another wallet the transaction is high even the amount of my bitcoin is little only and I tried also and transaction fee is different to first and I send only same amount . but just don't transact if you have low bitcoin amount. just wait until your bitcoin is big enough and you can transact it all at once.
in order to save transaction fees.
For me it's a fair transaction and eventhough it has that transaction fees, but compared to fiat currency transactions; bitcoin is fairly lesser than fiat charges. If we compare it in government taxations, btc is not taxable as well and that is the advantages that bitcoin has which you cannot benefit from fiat cash government collection system. I don't see what future will bitcoin be if government will take over the adoption of digital currency, and I guess charges will always remain expensive if bitcoin freedom will be gone in the future.
If you are making small transactions and it costs a dollar or more to send then I feel the transactions are high so from now on it is better not to use Bitcoin for smaller transactions under 50 USD. I don't think it is worth it now for smaller transactions as the mining fees get higher and higher.
for me bitcoin transaction fees is fair...
but just don't transact if you have low bitcoin amount. just wait until your bitcoin is big enough and you can transact it all at once.
in order to save transaction fees.
I agree with you, do not send bitcoins when you only have a few amount of it because there is a chance that you will pay higher amount in fees than the actual amount of bitcoin that you are actually sending to another person. It is best to send it all in one transaction so you can save time and also money because you only need to pay one fee. but just don't transact if you have low bitcoin amount. just wait until your bitcoin is big enough and you can transact it all at once.
in order to save transaction fees.
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