Topic: Is it possible sending BTC without a transaction fee? - page 8. (Read 23877 times)
It could be possible one day in the unlikely event that someone is able to invent perpetual energy so we can have thousands of fee free miners using free electricity. Otherwise no
There used to be hosted wallets like Xapo that paid the fee for you. Most wallets that give you control over your keys won't have a zero fee option. If you had a wallet with full fee control such as the Bitcoin Core wallet I'll guess miners would ignore the transaction out of principle if nothing else.
It's not impossible, just unlikely. It seems the higher the priority of a tx the higher the chance of a zero fee tx being taken by a miner.
https://bitcointalksearch.org/topic/m.10742793
http://bitcoinfees.com
It's not impossible, just unlikely. It seems the higher the priority of a tx the higher the chance of a zero fee tx being taken by a miner.
https://bitcointalksearch.org/topic/m.10742793
http://bitcoinfees.com
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.
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.
I guess they covered those fees with the other fees they charge for the debit card and subscription fees?
Is is not possible for sending BTC without any transaction fee. Because blockchain need some minimum transaction fee.
I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..
I don't think miners want to do it for free. Payable amount is not much and I have never heard that any transaction fees are approved without payment. You should negotiate with traders in your local. You can decide what conditions will be by mutual agreement.
I guess it is not quite possible. But it has a chance. You may send your BTC with only 1 satoshi. Transaction will be done but it probably take a long time.
But it is really cheapest money transffer. For example you can try send 1 million from your bank to another bank. But there will be a high transaction fee. How much Bitcoin you want to send, fee is always same. Why are you wondering this fee thing?
But it is really cheapest money transffer. For example you can try send 1 million from your bank to another bank. But there will be a high transaction fee. How much Bitcoin you want to send, fee is always same. Why are you wondering this fee thing?
I think there is no chance for that because for each and every bitcoin transaction we have to pay transaction fees. Every traders need some profits so definitely they collect some fees for the transaction. But the transaction fees differ from one exchange to another. In some exchanges the transaction fees is very low but in some exchanges it's very high. We have to select the right exchange.
as far I know, that;s impossible.
I would to know how??
No never it is totally impossible to send btc withount any fee. Because blockchain technology need some small amounts of fees for transaction on bitcoin. But you can send bitcoin without fee to personal email address if sender and receiver are both use same wallet. This is the only ine way to send bitcoin without fee. But must use same wallet for sending without fee. Otherwise it is imposdible to send without fees.
Thank you.
Thank you.
It's not impossible, just unlikely. It seems the higher the priority of a tx the higher the chance of a zero fee tx being taken by a miner.
If you look closely, blocks aren't always full. If you time your transactions correctly, have a decent bit of coinage to go with them, your transaction has a higher chance to be included in the next block if it isn't considered dust. On the other hand, each miner is different and thus each miner decides for itself how much its block space is worth, so even if all the conditions are great, miners can still ignore your zero fee transaction even if there is plenty enough block space available.
It's all about incentive in the end. The more often miners confirm zero fee transactions, the more incentive there is for people to send them. The less often miners confirm zero fee transactions, the less incentive there is for people to send them. That's why the number of confirmed zero fee transactions has been tanking hard.
I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..
The blockchain is not built to run in that way lol. The fee will always be there because your transaction needs to be recorded on the decentralized ledger always.
Yes it's certainly possible - just set up a large mining farm, include all your "no fee" transactions in the block you are trying to solve, and when you solve it they will all be confirmed. But don't count on any "for profit" miners confirming your transactions - chances are overwhelming it will sit out there unprocessed until it expires.
This, really, will be an interesting thing to do. But how does one get a transaction done off chain. Do you mind sharing this perspective?
On a company like Coinbase's own internal ledger between their customers. Someone here suggested sending someone else a private key to restore in their own wallet so ownership changes without moving the coin. That is of course possible but not advisable.
It used to be possible to send btc with 0 fees. (2012 2015 and before)
I can confirm that. I remember i tested it twice and it went successful, in 2015 +/- 2016. The first time the delay wasn't that much. The second time I had to wait 24 hours tho. After 2016, I remember i tested it without success. The miners tend to neglect those transactions with 0 profit for them. Imagine everyone sending bitcoin without fees, this will kill POW concept especially when BTC number per block and price drop.
Just like some other members mentioned, it is not impossible per se, but miners will probably never get to this transaction, since the more you pay, the faster the transaction is confirmed. If you set zero transaction fee, I think there's still a chance that your transaction will be confirmed when the network is not very busy. Moreover, there are ways to sort of notify miners that your transaction is stuck. I am not sure about their effectiveness, but it's worth trying. If you set a fee that is significantly smaller than recommended, it can take months before the transaction gets confirmed. A friend of mine had this problem, but a couple of months later bitcoins were sent.
In the early stages of bitcoins back in 2009 it was possible to send bitcoins without any transaction charges but now it is not possible to send bitcoins without any transactions charges but the transaction charges is low than any other fiat transactions all over the world, don't expect anything for free. The transactions charges keeps on increasing after 2-3 years as there is halving which makes it difficult for the miners to mine bitcoins and they need to generate more electric sources for mining bitcoins.
that is immposible i think, its because the transaction fee need the miner fees, as far i know about cryptocurrency, blockchain and bitcoin transaction, the fee is never be 0, so i think it immposible
This, really, will be an interesting thing to do. But how does one get a transaction done off chain. Do you mind sharing this perspective?
On a company like Coinbase's own internal ledger between their customers. Someone here suggested sending someone else a private key to restore in their own wallet so ownership changes without moving the coin. That is of course possible but not advisable.
The best way to transact without fees atm is to do it off chain.
This, really, will be an interesting thing to do. But how does one get a transaction done off chain. Do you mind sharing this perspective? 
Yes it's possible before around 2016 and below. I've experienced that and its was the reason why I like bitcoin but now that it has grown and though there's a fee, it's not really that much and a cent won't hurt us.
Now if you'll try to send bitcoin without a fee, its likely that your transaction will be stuck.
Now if you'll try to send bitcoin without a fee, its likely that your transaction will be stuck.
If we're talking on chain transactions it's possible on bitcoinfees it shows there's a few that got confirmed. I haven't done a transaction without any fee before but I think child pays for parent could work.
Not reccommended this is just an alternative way to send BTC. Give the private keys to the receiver and let them claim the coins.
The best way to transact without fees atm is to do it off chain.
Not reccommended this is just an alternative way to send BTC. Give the private keys to the receiver and let them claim the coins.
The best way to transact without fees atm is to do it off chain.
It will require more time to send if you prefer lower fess than the normal. I try it a year ago and I regret it because I end up using website that hasten the process of verification but will cost higher fees than the standard. In the end, I pay more because I want to save more by cutting back the miner's fee.
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