Pages:
Author

Topic: Is it possible sending BTC without a transaction fee? - page 6. (Read 23877 times)

sr. member
Activity: 686
Merit: 264
"STAY IN THE DARK"
Literally it is possible but you need to wait forever for your transaction to be done,I don't know why people were much cared about the transaction fee of bitcoin since the transaction can be done 1sat/byte with the current situation and it will cost you about $0.05 only per transaction.
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
The main problem with Zero fees Bitcoins transactions, are that they would spam the Bitcoin block chain with millions of micro payment of 1 Satoshi. Miners also need to be paid something for there works.
well, as far as I know, the smaller the fee you pay for 1 transaction, the longer you will wait for the transaction. well, it's not impossible, but it will be very long. it's better to pay a small fee than a long wait.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
It's technically possible, so why don't we try it?

I can try and send 0.00001 to somebody here with no fee and let's see how long it will take, of course if the transaction happens I'd expect it sent back to me with no fee attached.

Most likely scenario is that the transaction will never go through and the funds will remain in my wallet.

Any takers?

you need to do 2 things for a 0 fee transaction to work:
1. convince the bitcoin nodes on this decentralized network to change their rules so that they accept 0 fee transactions which is not going to happen since nearly all of them run bitcoin core and the default setting doesn't allow that.
2. convince the miners to include 0 fee transactions in blocks that they find which I don't think they would mind since most of the times blocks have extra free space and they don't have to do anything but they too are running nodes with settings that rejects 0 fee transactions.
member
Activity: 336
Merit: 10
that's not possible mate. Almost all blockchain networks take a transaction fee for transactions that are broadcast unto the network and later confirmed on the blockchain by the miners.
hero member
Activity: 1492
Merit: 763
Life is a taxable event
It's technically possible, so why don't we try it?

I can try and send 0.00001 to somebody here with no fee and let's see how long it will take, of course if the transaction happens I'd expect it sent back to me with no fee attached.

Most likely scenario is that the transaction will never go through and the funds will remain in my wallet.

Any takers?
sr. member
Activity: 994
Merit: 251
Betking.io - Best Bitcoin Casino
I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..
Zero fee is impossible, except you close with your recipient and give him your  private key that contain amount of bitcoin that you want to send. Maybe no fee because he only need to open that private key in a wallet.
it's true that the problem in some markets will always be to charge a fee if you do a bitcoin transaction, and even then it has become a market requirement
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..
Zero fee is impossible, except you close with your recipient and give him your  private key that contain amount of bitcoin that you want to send. Maybe no fee because he only need to open that private key in a wallet.
full member
Activity: 812
Merit: 100
I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..

Even in the smallest amount of sending bitcoin, you will need some fees to pay your transactions.
This is actually benefiting for us, because the fees will stay same without regarding your transaction amount, even the big amount still need only small fee.
newbie
Activity: 1
Merit: 0
Of course, it is possible. Bitcoin will be $1m when your tx done! Smiley
jr. member
Activity: 238
Merit: 1
Bitcoin technology itself does not allow us to remove transaction fees as miners will not be able to earn
member
Activity: 280
Merit: 14
Well I don't think it's possible to complete a bitcoin transcation with out transactions fee.
Like the name implies transcation fee that it's part of the whole system
sr. member
Activity: 826
Merit: 250
Bitgesell (BGL) Decentralized Cryptocurrency!
I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..
It's impossible to sending btc without a transaction fee. Bitcoin Miner can reduce your transaction fee or if you want to delay your transaction  but its impossible to any miner success your transaction without fee
hero member
Activity: 1680
Merit: 655
I'll just quote my previous post here :
If you really want to save on transaction costs you can try to use hybrid wallets that have an off-chain transfer within their system such as Coinbase, there is no transaction cost or any network fees involve and the BTC transfer are always instant. The only catch is your recipient must also have the same wallet as yours which in this case should also be a Coinbase wallet address. These off-chain transfers come in handy especially when you don't want any network fees involve.
It seems like a lot of people here still doesn't know what off-chain transactions are but it usually works between two wallets of the same kind usually 3rd party wallets like Coinbase and Xapo have off-chain transactions. The transfer is also done in-app or their website just like any normal transfer just make sure the address you are sending at is an address from the same wallet you have. Also if you have some local wallet providers existing in your country then for sure they are offering off-chain transactions as well.
newbie
Activity: 10
Merit: 0
no you cant :/
sr. member
Activity: 658
Merit: 256
No, it is not possible to send Bitcoin without a transaction fees. No miner will do that for you.

If you are a coinbase user, you could send Bitcoin to another coinbase user for free using the email as address.
full member
Activity: 602
Merit: 111
Without fee, your transaction will be never get confirm.
It's similiar when you're using WU to send money globally without the fee, the process can't be done !

It's life so they must get paid to get it done !


Yes you are correct without pay any fees will not be confirmed as a transaction you can definitely pay something for that to transact your Bitcoin to other it is also one of the good way to convey yourself as what we are doing.
full member
Activity: 484
Merit: 124
Without fee, your transaction will be never get confirm.
It's similiar when you're using WU to send money globally without the fee, the process can't be done !

It's life so they must get paid to get it done !
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I thought the free transactions was only applicable for transactions that was done between Xapo account holders and not applicable to any on-chain transactions.  Roll Eyes  The reason why these transactions was free, was because it was off-chain and done on Xapo's internal ledger system.

Interesting, I never knew Xapo paid for the miners fees too.  Huh I guess they covered those fees with the other fees they charge for the debit card and subscription fees?

If Greg Maxwell says it's possible, that's good enough for me. However it is a three year or more year old comment so perhaps many things have changed.

Coinbase Pro/Gdax also paid outgoing fees though I presume that will have stopped a long time back too. I wonder how much in total Xapo and Coinbase swallowed in network fees for their punters overall. Other than guarding the funds of their rich friends I'm not really sure what Xapo does any more.

full member
Activity: 672
Merit: 100
as far I know, that;s impossible.
This is possible but if we are living in 2016 when websites like xapo, coinbase supports fees for transactions. But now we live in 2019, and this is no longer happening, and there is no longer this developer supporting this. I believe you will not be able to find it and do not worry because the current fee for transactions is not too high ~ $ 2 per transaction.
jr. member
Activity: 34
Merit: 8
I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..

This is possible on the lightning network.
Yes you will be sending BTC, and you can do this on the lightning network.

It will require a fee to get your BTC in and out of the Lightning network, but once you open a payment channel, you can perform many transactions with no of very very little fee.





Pages:
Jump to: