Topic: Slow payments and fees solution??? - page 3. (Read 2426 times)
I won't trade quick confirmation with low fees for centralized/privacy, i would rather set higher fees to make sure my transaction can be confirmed. Also, xapo/coinbase do that only to attract customer for limited time and they have strict ToS.
I can confirmed what is said for Xapo because I also use it and it offers good solutions for the users. They are taking care of customers taking into consideration current issues. Security is other issue and its true that it could be targeted by hackera but there is still no perfectly secure Bitcoin service.
Online wallets are a godsend to hackers. When you control your own coins, you have the option of keeping yourself low-key and trying to avoid getting traced. In online wallets' cases, just like exchanges, they're a public company which control thousands and thousands of coins. If a hacker manages to hack a hot wallet like they do with loads of exchanges, every user is screwed.
Batching transactions is fine but you can batch your own. Just use Electrum's "send to many" for example.
Batching transactions is fine but you can batch your own. Just use Electrum's "send to many" for example.
Now recently i have seen many people complaining about the bitcoin transaction fees and the time to process payments. I have been using xapo as my wallet since starting and i also feel that this is the wallet for the solution to both of these issues.
Now xapo normally sends all your payments instantly who's value is 0.01 btc or more. For the rest it may take 24 hours. What i have noticed is is that xapo doesn't take any fees when you send it instead they group multiple transactions to save fees for the smaller amounts and for bigger amounts doesn't charge any fees. In terms of speed also most of the payments i send i confirmed within 20 minutes. Let me know what you think about xapo or your experience or opinion about it
Now xapo normally sends all your payments instantly who's value is 0.01 btc or more. For the rest it may take 24 hours. What i have noticed is is that xapo doesn't take any fees when you send it instead they group multiple transactions to save fees for the smaller amounts and for bigger amounts doesn't charge any fees. In terms of speed also most of the payments i send i confirmed within 20 minutes. Let me know what you think about xapo or your experience or opinion about it
I have used Xapo in the past and I really enjoyed it because before the advent of increase in the fees, the have transaction fee free system where one won't pay for transaction fees, I think this was limited to only Xapo users then from what I read and that's why I had to stop its use. However, its really a good thing because the transaction fees these days is on the high side and even has gone beyond the higher fees=faster transactions. I guess I will have to give a try once more.
The thing is, we do not want to become dependent on third party services and have to rely on them to do transactions. Services like Xapo is also
centralized and can be shutdown or targeted by hackers and if we rely on these services and they go down, then we are stuffed. So NO, we have
to sort out the scaling problems and this must be done soon.
centralized and can be shutdown or targeted by hackers and if we rely on these services and they go down, then we are stuffed. So NO, we have
to sort out the scaling problems and this must be done soon.
Both xapo and coinbase doesn't give full access to our bitcoin in the wallet and all internal bitcoin transaction (free one) they have is just off chain transactions not a true bitcoin transaction. When you have to pay to bitcoin address that is not associated with xapo or coinbase they will charge enough fee to cover transaction fee so there is no point in using them if you are not dealing with just xapo or coinbase addresses. For normal bitcoin transaction i find electrum a good choice. You will never loss control over your bitcoins there.
I don't use Xapo, but Coinbase wallet used the same system of free transaction and after some time they removed it, now you must pay fees there. I believe the same will happen on Xapo sooner or later, transactions can be free now for Xapo users, but aren't for Xapo itself. The only solution for this is a general solution that will afect all transactions, that is what community is trying to implement, but the opinions are divided yet about the best option.
Now recently i have seen many people complaining about the bitcoin transaction fees and the time to process payments. I have been using xapo as my wallet since starting and i also feel that this is the wallet for the solution to both of these issues.
Now xapo normally sends all your payments instantly who's value is 0.01 btc or more. For the rest it may take 24 hours. What i have noticed is is that xapo doesn't take any fees when you send it instead they group multiple transactions to save fees for the smaller amounts and for bigger amounts doesn't charge any fees. In terms of speed also most of the payments i send i confirmed within 20 minutes. Let me know what you think about xapo or your experience or opinion about it
Now xapo normally sends all your payments instantly who's value is 0.01 btc or more. For the rest it may take 24 hours. What i have noticed is is that xapo doesn't take any fees when you send it instead they group multiple transactions to save fees for the smaller amounts and for bigger amounts doesn't charge any fees. In terms of speed also most of the payments i send i confirmed within 20 minutes. Let me know what you think about xapo or your experience or opinion about it
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