Topic: Question about transaction fees in wallets (Read 1057 times)

I want to ask a question about transaction fees.
Why in online wallets like Xapo, there are no fees when sending a payment, while in the downloadable wallets, you pay fees?

It part of their sales pitch. It brings people in. Its a great wallet anyway. So enjoy it !

maltize

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“Everyone Is A Bank”

unlike your wallet .. Online wallet doesnt have a transaction fee but it is a little bit risky so its okay if your paying fee if it has a high security

maltize

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“Everyone Is A Bank”

Its just a small amount of fee needed to provide a good quality service in processing your transaction

fllipperr

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i think its just a small fee.. Just like a business it is needed to have fund in order to continue their services.

JohnnyBrown

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"Highest ROI crypto infrastructure"

I think you are just paying for service fee.. it is needed to proviude a good service for costumers.

Nouelle-Hunter

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★YoBit.Net★ 350+ Coins Exchange & Dice

It is just a way of securing your payment or transaction . by the way its just small amount no need to worry.

wintermeasures

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I want to ask a question about transaction fees.
Why in online wallets like Xapo, there are no fees when sending a payment, while in the downloadable wallets, you pay fees?

I think this service is similar to Coinbase, but I understand that there is a fee for fixed Coinbase but the fee charged to them and not to us. So I think it is similar to that performed by xapo. Thank you

Sharky444

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Xapo pays the fees for you, but they may use your data for marketing/promotional reasons. There is no free meal.

socks435

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Privacy is always important

Xapo Maybe they have own miner for transaction fee thats why we don't need to pay for every transaction.. this is just like coinbase there's no fee also for every transaction they are free to use and i think this isthe way of promoting their site or coinbase don;t need it because they have already exchange for bitcoin to usd..

harizen

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For support ➡️ help.bc.game

So, Xapo is not the only wallet to pay transaction fees, Coinbase too.
You have no other?

Our local wallet exchange has that services too. And it's a trusted exchange here in our country.

Most of it's unique services can only be used in our country but for sending and receiving bitcoins it can be used worldwide obviously.

InvoKing

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Quote from: OmegaStarScream on June 12, 2016, 08:45:02 AM

Quote from: shirackjs on June 12, 2016, 11:03:05 AM

I want to ask a question about transaction fees.
Why in online wallets like Xapo, there are no fees when sending a payment, while in the downloadable wallets, you pay fees?

https://support.xapo.com/how-much-does-it-cost-to-send-bitcoin

There is always transaction fees but for Xapo case ... they are paying the fees for their users. It's probably just a way to attract more users.

So, Xapo pay transaction fees for their users.
But for other online wallets, it is the same thing?

Afaik there is only xapo and coinbase that offers to pay the transactions fees to its users
For coinbase i think it limits it to 25 transactions per day then you have to pay (not sure read it somewhere many weeks ago)

So, Xapo is not the only wallet to pay transaction fees, Coinbase too.
You have no other?

No i don't know other online wallets that have theses advantages apart from coinbase & xapo, sorry

Woshib

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Activity: 938

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Quote from: OmegaStarScream on June 12, 2016, 08:45:02 AM

I want to ask a question about transaction fees.
Why in online wallets like Xapo, there are no fees when sending a payment, while in the downloadable wallets, you pay fees?

https://support.xapo.com/how-much-does-it-cost-to-send-bitcoin

There is always transaction fees but for Xapo case ... they are paying the fees for their users. It's probably just a way to attract more users.

So, Xapo pay transaction fees for their users.
But for other online wallets, it is the same thing?

Afaik there is only xapo and coinbase that offers to pay the transactions fees to its users
For coinbase i think it limits it to 25 transactions per day then you have to pay (not sure read it somewhere many weeks ago)

So, Xapo is not the only wallet to pay transaction fees, Coinbase too.
You have no other?

Also wallet from directbet! They will not load any fee!

I've never seen this Directbet wallet.
They have limits of transactions per day or is it unlimited?

shirackjs

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Activity: 812

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Quote from: OmegaStarScream on June 12, 2016, 08:45:02 AM

I want to ask a question about transaction fees.
Why in online wallets like Xapo, there are no fees when sending a payment, while in the downloadable wallets, you pay fees?

https://support.xapo.com/how-much-does-it-cost-to-send-bitcoin

There is always transaction fees but for Xapo case ... they are paying the fees for their users. It's probably just a way to attract more users.

So, Xapo pay transaction fees for their users.
But for other online wallets, it is the same thing?

Afaik there is only xapo and coinbase that offers to pay the transactions fees to its users
For coinbase i think it limits it to 25 transactions per day then you have to pay (not sure read it somewhere many weeks ago)

So, Xapo is not the only wallet to pay transaction fees, Coinbase too.
You have no other?

Also wallet from directbet! They will not load any fee!

Woshib

hero member

Activity: 938

Merit: 576

Quote from: OmegaStarScream on June 12, 2016, 08:45:02 AM

I want to ask a question about transaction fees.
Why in online wallets like Xapo, there are no fees when sending a payment, while in the downloadable wallets, you pay fees?

https://support.xapo.com/how-much-does-it-cost-to-send-bitcoin

There is always transaction fees but for Xapo case ... they are paying the fees for their users. It's probably just a way to attract more users.

So, Xapo pay transaction fees for their users.
But for other online wallets, it is the same thing?

Afaik there is only xapo and coinbase that offers to pay the transactions fees to its users
For coinbase i think it limits it to 25 transactions per day then you have to pay (not sure read it somewhere many weeks ago)

So, Xapo is not the only wallet to pay transaction fees, Coinbase too.
You have no other?

InvoKing

legendary

Activity: 2142

Merit: 1065

✋(▀Ĺ̯ ▀-͠ )

Quote from: OmegaStarScream on June 12, 2016, 08:45:02 AM

Quote from: Woshib on June 12, 2016, 10:46:32 AM

I want to ask a question about transaction fees.
Why in online wallets like Xapo, there are no fees when sending a payment, while in the downloadable wallets, you pay fees?

https://support.xapo.com/how-much-does-it-cost-to-send-bitcoin

There is always transaction fees but for Xapo case ... they are paying the fees for their users. It's probably just a way to attract more users.

So, Xapo pay transaction fees for their users.
But for other online wallets, it is the same thing?

Afaik there is only xapo and coinbase that offers to pay the transactions fees to its users
For coinbase i think it limits it to 25 transactions per day then you have to pay (not sure read it somewhere many weeks ago)

longbob72

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Activity: 574

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V2h5IGFyZSB5b3UgcmVhZGluZyB0aGlzPw==

Quote from: longbob72 on June 12, 2016, 10:07:27 AM

Quote from: Woshib on June 12, 2016, 09:47:41 AM

Thank you for having me explain how this works.
So, they can take our Bitcoins at any time in Xapo?

Yes. And to make it more clear: all wallet services that controls the private keys of their user's deposit addresses can do this.

If they take me my Bitcoin suddenly.
I can file a complaint for a refund?

You can. Whether they will return your bitcoins or not depends on why they took it. If it was just a mistake then they're likely to refund you, if not then they're scamming you.

Woshib

hero member

Activity: 938

Merit: 576

Quote from: longbob72 on June 12, 2016, 10:07:27 AM

Quote from: Woshib on June 12, 2016, 09:47:41 AM

Thank you for having me explain how this works.
So, they can take our Bitcoins at any time in Xapo?

Yes. And to make it more clear: all wallet services that controls the private keys of their user's deposit addresses can do this.

If they take me my Bitcoin suddenly.
I can file a complaint for a refund?

longbob72

hero member

Activity: 574

Merit: 503

V2h5IGFyZSB5b3UgcmVhZGluZyB0aGlzPw==

Quote from: Woshib on June 12, 2016, 09:47:41 AM

Thank you for having me explain how this works.
So, they can take our Bitcoins at any time in Xapo?

Yes. And to make it more clear: all wallet services that controls the private keys of their user's deposit addresses can do this.

Woshib

hero member

Activity: 938

Merit: 576

Quote from: PassThePopcorn on June 12, 2016, 09:28:23 AM

Quote from: OmegaStarScream on June 12, 2016, 08:45:02 AM

I want to ask a question about transaction fees.
Why in online wallets like Xapo, there are no fees when sending a payment, while in the downloadable wallets, you pay fees?

https://support.xapo.com/how-much-does-it-cost-to-send-bitcoin

There is always transaction fees but for Xapo case ... they are paying the fees for their users. It's probably just a way to attract more users.

So, Xapo pay transaction fees for their users.
But for other online wallets, it is the same thing?

Some do, some don't; if they do pay the fees usually they sweep the BTC from your wallet to their main wallets to consolidate all the BTC they receive so they pay less in fees on their transactions - they then can send any sized transaction as they have multiple inputs and their software can then pick and choose which inputs to include.

If they pay the fee it's very likely you do not have full control over your BTC, they do.

Thank you for having me explain how this works.
So, they can take our Bitcoins at any time in Xapo?

PassThePopcorn

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Activity: 465

Merit: 309

Quote from: OmegaStarScream on June 12, 2016, 08:45:02 AM