Is bitcoin transaction fees fair? - page 9.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: harbin55 on February 02, 2018, 04:57:02 AM

Yes, most of the blockchain companies or electronic wallet provides a reasonable price in all there transaction fees.
I think we should make some consideration and be grateful on what we have instead of ranting about the things which gives us stress and be selfish.

We don't have the choice but to just consider those things like the high fees in doing transaction because we don't have a choice, if we are not going to pay the fees then there is no chance for us to execute the transaction but i think that this is just temporary to have a high fees because the bitcoin core team developers are surely doing moves to make the fees lower and cheaper.

dvillier

member

Activity: 238

Merit: 57

I think the transaction fee is high, the fee of the transaction is play a good role in crypto , if the transaction fee is low of a crypto then people like that crypto because the trader send money in the form of that crypto to one another from one place to another all over the world. If the transaction fee id high the people get the alternate crpto for the the transaction. I think the bitcoin transaction fee is a little high it should be maintain as like it was in the middle of the 2017.

yana0901

newbie

Activity: 98

Merit: 0

Now there are many commissions, even at the post office! But you go and pay this commission without negotiating. Here everything is the same.

harbin55

sr. member

Activity: 615

Merit: 258

Yes, most of the blockchain companies or electronic wallet provides a reasonable price in all there transaction fees.
I think we should make some consideration and be grateful on what we have instead of ranting about the things which gives us stress and be selfish.

Francissco12

newbie

Activity: 28

Merit: 0

If I believe it fair, we have to take into account the value of what the miner does and we can not put a price on the work or work of other people. From the beginning it was talked about that bitcoin would change its price according to the fluctuation, the same thing was supposed to happen with interest. You can not see only your own benefit, but also collectively.

Wayan_Pedjeng

sr. member

Activity: 913

Merit: 252

Last month, I had to pay $40 for a single transaction (the total value of that transaction was only around $200, meaning that I paid a fee that was equivalent to 25% of the amount). And that was the last time that I did a transaction using Bitcoin.

emirkalyoncu

full member

Activity: 258

Merit: 114

At the begining it was fair but paying 5 dollar when I want to send 4 dollar is unfair.Satoshi couldnt foresee the increase of bitcoin

Trela

legendary

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The Decentralized TCP/IP Internet Protocol

Quote from: weblouartisan on January 30, 2018, 03:06:21 AM

Quote from: shield132 on April 26, 2017, 02:58:00 AM

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.

There are some exchangers that has a higher fee but the security in their website are also very high and you can really trust their system while others with lower fee's has a higher chance of being hacked so i think its fair depending on the websites policy.

We are talking about the Bitcoin transaction fees, it is not related the exchangers. High fees to withdraw money from exchangers is normal, because the network increases the fees to get fast confirm, so, exchangers also need to increase this fee. But, that fees also help them have more profits, this is the truth. Tongue

Iphone7s

newbie

Activity: 98

Merit: 0

Last days the fees are out of control, without a solution to this people are mooving they money into others currencies, its insane send 5 dollars and pay 15% as fee, soo no at this point fees are to high, but the thing is bitcoin is a good investment.

Boysen

member

Activity: 264

Merit: 11

To be honest it is quite fair although I cannot lie, the transaction of transferring bitcoins nowadays is very huge compared to what it was way back then. But I believe it really is fair considering how great bitcoin has influenced and impacted the lives of investors and traders alike.

DAN29

newbie

Activity: 53

Merit: 0

For me it's kinda fair. Compare the transaction fees to the money you earned. And will be earned. Its just a bit so for me it's fair enough.

weblouartisan

full member

Activity: 448

Merit: 100

Lets Go Adab

Quote from: shield132 on April 26, 2017, 02:58:00 AM

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.

There are some exchangers that has a higher fee but the security in their website are also very high and you can really trust their system while others with lower fee's has a higher chance of being hacked so i think its fair depending on the websites policy.

Doni Ariyanto

full member

Activity: 294

Merit: 100

I think the fees of bitcoin transaction is not so high compared to paypal bank. often I find paypal bank higher than bitcoin fees. after all the cost is very high I do not think it's fair because compared to the transaction cost of the past then, only about 20000 satoshi to the maximum and now ranges up to 100k satoshi or even more very high. As far as I know, it's always fair because the person doing the transaction has an option if he wants to pay regular, higher, or lower fees.

FUD Expert

full member

Activity: 434

Merit: 100

You mean outrageous right? How would an average person buy a burger, softdrinks or something to eat when he needs to pay double or triple just for the fees? I'm really praying that all of these issues will be in the past so we can successfully use bitcoin on our everyday lives.

Genosx

full member

Activity: 434

Merit: 100

No, there are companies that their transaction fees are too high unlike others that not as much like them. So I suggest to find some company at low fees with excellent services.

heureca

sr. member

Activity: 658

Merit: 250

At present BTC transaction fee is too high. At the same time transaction time is also not good Sad

Currently I do not consider as payment tool but tool for investment only

Nana99

newbie

Activity: 126

Merit: 0

Once the transactions fee will be too high most of people will use lower fees.

Akorharrison

jr. member

Activity: 399

Merit: 2

I came to realized that BTC fees is now low but last week I was charged $6 on a single transaction I perform but today is not like that anymore.

mistletoe

full member

Activity: 145

Merit: 100

Im very much thankful that the fee has subside lately but it used to be such a pain in the arse like weeks ago. I mean, it's too much! You depo on one site and you only get like 50% of your deposit because of the fee and you gunna speed up the transaction cuz otherwise itll take ages.

I have a feeling that they are doing this on purpose cuz that would mean better profit for em miners =.=

Ryan1212

member

Activity: 93

Merit: 10

why BTC transaction fees rise..?? yesterday i sold 0.022 BTC ... i paid $3 transaction fees.
anybody know how and why transaction fees is over ...??
The reason is Cancelation of BTC hardfork ??

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