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Topic: question about transaction fees... - page 3. (Read 527 times)

member
Activity: 104
Merit: 10
December 28, 2017, 11:45:39 AM
#32
I also find it very troubling because the price of BTC is already very high. When people trade very little, they can only buy a small part, but they have to pay very expensive transaction fees. This is unreasonable.
member
Activity: 308
Merit: 10
December 28, 2017, 11:29:26 AM
#31
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
The current transaction fee is so high that we see so many platforms still keeping transaction fees down so I feel sad for this.
sr. member
Activity: 882
Merit: 282
December 28, 2017, 11:20:42 AM
#30
Using bank to send money now is far cheaper than bitcoin because of this transaction fees we are currently experience. Could you imagine I was charged  $300 for sending  $1,000 I think something has to be done about this before things get out of hand. The mining fees we are currently experience is across all the wallet providers and exchanges sites. I have decided to use ethereum for now for my transactions.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
December 28, 2017, 11:15:05 AM
#29
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
The current price of Bitcoin is very high so I think we should trade and get rid of altcoin instead of using Bitcoin.
For now this thing would be suited to do because bitcoin or tx fees as of now is really high and wont really be nice if we do make small amount transactions which we should wait for more months or on times where tx fee would go down before we would make some transactions but we do really have another options which have being said we can make transaction on some alts which we do know that it is much lesser and more faster than bitcoin and this is what I'm doing now.
full member
Activity: 618
Merit: 100
BBOD The Best Derivatives Exchange
December 28, 2017, 11:08:00 AM
#28
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
The current price of Bitcoin is very high so I think we should trade and get rid of altcoin instead of using Bitcoin.
full member
Activity: 364
Merit: 106
December 28, 2017, 10:57:06 AM
#27
Well now transactions fees now is too high because the traffic is lot on the blockchain network and if you want to get the transaction confirm fast then pay more to get priority.So try not making any transactions and wait for the network's traffic to get less.Lightning network would definitely make transactions fees less and confirmations speed high.

Yes, it will be quite advantageous and more practical. And probably more people will prefer this way of transacting rather than relying on bitcoin's high transaction fee and long period of transaction. But, if the traffic in the blockchain is lessened, then this will also solve the problem of long period transaction.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
December 28, 2017, 10:44:20 AM
#26
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!

Too sad that you don't know that there is a congestion in the blockchain network and all of us needs to pay higher fee so that it will be confirmed otherwise it will stay long in the network. All exchanges are affected and as well us who are using it.
sr. member
Activity: 672
Merit: 253
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December 28, 2017, 10:29:39 AM
#25
There are some things that cause the transaction costs to be very high and one of them is the number of people who make a delivery at this time where now is a time when many people are doing a transaction or delivery bitcoin they have. busyness and then this server is crashed which causes the price on a transaction so high. and this is likely to encourage the occurrence of a hardfork that will address the issue of the cost of paying for a bitcoin delivery at this time. with the existence of hardfork of course network traffic will temporarily be controlled so that this will reduce a shipping network traffic and will be able to restore at a cost with normal price.
hero member
Activity: 2926
Merit: 640
December 28, 2017, 08:53:46 AM
#24
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!

Yes bitcoin fee is too high at the moment because of traffic on blockchain network but I hope it will be resolved soon so don't send your bitcoin unless it is an emergency need for money because you will lose big amount in for of fee.But the problem will be solved soon so the fee will get reduced soon maybe in a week.you can send your transaction with low fee but it may takes some days to get confirmed.

Why do you believe this issue will be solved within the week?
Because busy traffic happen when got holiday or weekend. Next week are still new year date, so these could be still many pending transaction. Maybe after 1 month, everything back to normal.
Yes, the high fees are due to the high traffic, and even the transaction time would be taking a little more longer than usual. Lastly I made a transaction, the fee I paid for the transaction was about $30 or $35, which is something I have never paid before ever since I started using Bitcoin. One of my friends who was starting newly on Bitcoin and had about $16 in his wallet couldn’t send it out cause it keeps telling him he had not much amount.
legendary
Activity: 2383
Merit: 1551
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December 28, 2017, 02:25:50 AM
#23
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
What the actual fuck? I should consider myself lucky for I paid 16$ for  a 500$ transaction. 60$ is too much for a transaction worth 200$. Obviously the difference between the balance and the amount of money you're getting is going go to be the transaction fee. I don't use ANX but some issue must be there, contact the support and check what the issue is. And always check this website : https://bitcoinfees.earn.com, for the current network's preferable transaction fee.
full member
Activity: 448
Merit: 110
December 28, 2017, 01:40:36 AM
#22
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
Agreed that transaction fees have increased in recent weeks but yours is way higher for this transaction. $60 is just too high! Something is wrong with your transaction. Have you been gathering dust with that wallet address before sending ? If yes, then gathering of smaller payments needs to be consolidated, hence, the high fee. Post your transaction hash id, let's see.
full member
Activity: 126
Merit: 100
December 28, 2017, 01:22:27 AM
#21
$60? they are stealing you, the fees are not even $28 at the moment, they are very high but you are paying the double of what you really need to pay.
Stop using that wallet, they are stealing all your money
full member
Activity: 392
Merit: 103
December 27, 2017, 11:45:12 PM
#20
Sure that if we want to transfer, we must give charge for the bank, and one bank with the other bank is different. I think it is small outcome to transaction. We can imagine that if we have amount of money and we can replace to our wallet (or can not transfer). What happen? We can not use for transaction right  Wink
sr. member
Activity: 392
Merit: 257
December 27, 2017, 10:46:39 PM
#19
Well now transactions fees now is too high because the traffic is lot on the blockchain network and if you want to get the transaction confirm fast then pay more to get priority.So try not making any transactions and wait for the network's traffic to get less.Lightning network would definitely make transactions fees less and confirmations speed high.
jr. member
Activity: 50
Merit: 10
December 27, 2017, 09:42:46 PM
#18
After the hardfork everything can go back to normal don't cash unless you really need the money
full member
Activity: 714
Merit: 100
December 27, 2017, 09:41:51 PM
#17
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!

Yes bitcoin fee is too high at the moment because of traffic on blockchain network but I hope it will be resolved soon so don't send your bitcoin unless it is an emergency need for money because you will lose big amount in for of fee.But the problem will be solved soon so the fee will get reduced soon maybe in a week.you can send your transaction with low fee but it may takes some days to get confirmed.

Why do you believe this issue will be solved within the week?

This is just his presumption but it is possible to be true because the reason why there is a heavy traffic happening in the blockchain is because of the holiday season that people need to sell their BTC for fiat to spend on Christmas and the new years preparation. In addition, the occurrence of btc crashes in which makes panic to some people to do massive btc transactions but maybe next year it will be all back to normal now including the traffic.
full member
Activity: 140
Merit: 100
December 27, 2017, 09:25:03 PM
#16
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
actually that's true. Transaction fee right now is very high almost half of your money. The reason is because of the traffic on the network itself and there is nothing we can do about it but to wait for it to be resolved. I just hope it go back to normal fees like before by the year 2018.
full member
Activity: 168
Merit: 100
reading.......
December 27, 2017, 09:24:57 PM
#15
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
If you have inputs about the received balance or funds then your transaction fee if your going to transact will be higher than normal cause you have recents on transactions and bitcoin is still big so its normal for now.
newbie
Activity: 52
Merit: 0
December 27, 2017, 09:17:59 PM
#14
Transactions are large i dont think it is a scam sign
member
Activity: 168
Merit: 10
December 27, 2017, 09:00:35 PM
#13
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!

Yes bitcoin fee is too high at the moment because of traffic on blockchain network but I hope it will be resolved soon so don't send your bitcoin unless it is an emergency need for money because you will lose big amount in for of fee.But the problem will be solved soon so the fee will get reduced soon maybe in a week.you can send your transaction with low fee but it may takes some days to get confirmed.

Why do you believe this issue will be solved within the week?
Because busy traffic may happen when got holiday or weekend coming. Next week are still new year date, so these could be still many pending transaction. Maybe after 1 month, everything back to normal. On my opinion, i think this conditions happen by some development of fork bitcoinplatinum and superbitcoin in last few week ago which many people using the transfer with small fees, they hopes can includes in Block 498888 for SBTC.
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