Sending money without transaction fees

Atruk

hero member

Activity: 700

Merit: 500

Quote from: AnonyMint on March 28, 2013, 02:11:39 AM

@Ulysses,

Is there a technical reason it won't work, in spite of being a kludge?

Sending the wallet and asking them to redeem it is just a security nightmare. especially if any of the wallet addresses might actually have appreciable incoming funds in the future.

Endgame

sr. member

Activity: 412

Merit: 250

The fees are extremely low. You generally pay 0.0005 btc per transaction, or about 4.75 cents at current exchange rate. Good luck finding a bank that will give you those transfer fees.

elastomer

newbie

Activity: 8

Merit: 0

Does the confirmation time depend on the fee amount? Or is MultiBit slow due to its thin-client nature?

I tested this with satoshiDICE:

played 0.5BTC with the Bitcoin-QT client. No fee was charged. Got the reply 14 minutes later.
played 0.4BTC with the Bitcoin-QT client. Fee was 0.0005. Got the reply within 1 minute.
played 0.2BTC with the Bitcoin-QT client. Fee was 0.0005. Got the reply within 4 minutes.
played 0.2BTC with MultiBit. Fee was 0.0001. Several hours have passed, no reply yet.

operrajunk74

sr. member

Activity: 344

Merit: 250

I have the same problem, when I try to send 0,001 it requires 0,0035 fee, so much for free/low fees Grin

robinhood9845

newbie

Activity: 7

Merit: 0

Just pay the fee if you want the funds to arrive in a reasonable timeframe.

AnonyMint

hero member

Activity: 518

Merit: 521

@Ulysses,

Is there a technical reason it won't work, in spite of being a kludge?

Atruk

hero member

Activity: 700

Merit: 500

Quote from: AnonyMint on March 28, 2013, 01:46:55 AM

A crazy way not really appropriate for your small amount. Send your wallet outside the system directly to the receiving party. Inform them to send the money to themselves and then wait for confirmation, before assuming they really have the money.

This is really just a horrible idea all around.

AnonyMint

hero member

Activity: 518

Merit: 521

A crazy way not really appropriate for your small amount. Send your wallet outside the system directly to the receiving party. Inform them to send the money to themselves and then wait for confirmation, before assuming they really have the money.

They pay the fee, not you. If they need fast confirmation. Their decision.

Can someone help me on sending money without money?

fooman

newbie

Activity: 5

Merit: 0

Quote from: Foxpup on March 28, 2013, 12:39:39 AM

Sorry, but you can't. Transactions less than BTC0.01 always require a fee of at least BTC0.0005, to discourage spam. If you use a modified client to send it without an appropriate transaction fee, the transaction will never be confirmed (so don't do that).

What? This isn't accurate. The protocol will happily support sending transactions without fees, it just may take forever to confirm. I sent once just yesterday, took eight hours to confirm.

It is generally better to include transaction fees if you want timely confirmations, but there is nothing preventing sending without one and you will eventually be picked up.

Foxpup

legendary

Activity: 4551

Merit: 3445

Vile Vixen and Miss Bitcointalk 2021-2023

Sorry, but you can't. Transactions less than BTC0.01 always require a fee of at least BTC0.0005, to discourage spam. If you use a modified client to send it without an appropriate transaction fee, the transaction will never be confirmed (so don't do that).

skang

sr. member

Activity: 452

Merit: 252

from democracy to self-rule.

Hi all, I am new here so please pardon any mistakes.

I want to send 0.001 BTC to pyramining address.
I am using the Bitcoin-qt client for windows.

Although in the "options" transaction fees is set to zero, whenever I try to send, it asks for a transaction fees.
How can send without a transaction fee please? Huh

Topic: Sending money without transaction fees (Read 609 times)