Some ideas :
1. Use SegWit Bech32 address, it's slightly more efficient than usual SegWit address (starting with '3') which leads to slightly lower size and tx fee. But, the problem is looking for services/exchange which support Bech32.
2. Use lower fees if you don't need fast confirmation.
3. Use batching transaction, such as send bitcoin to multiple address in a transaction. I mentioned this since even Coinbase haven't use batching yet.
Also, don't forget to add https://bitcoinfees.earn.com/ which is popular website to estimate TX fee.
Topic: Steemit: How To Reduce Your Bitcoin Transaction Fees in up to 80% (Read 158 times)
January 25, 2018, 02:33:16 PM
Hmmm... Interesting..
The idea somehow is quite good. It will surely be upvoted by a lot since a lot truly has been having big problems with all those transaction fees due to the current price of bitcoins.
But i think when the lightning network finishes making the fixes for the major problems of bitcoins, that would pretty much make the prices go up again and break new hypes again and again.
The idea somehow is quite good. It will surely be upvoted by a lot since a lot truly has been having big problems with all those transaction fees due to the current price of bitcoins.
But i think when the lightning network finishes making the fixes for the major problems of bitcoins, that would pretty much make the prices go up again and break new hypes again and again.
January 25, 2018, 12:02:40 PM
i was writing something like that , with another way i think (?)
especially for micro transaction bitcoin from one exchanger to antoher exchanger
i will glad if u read my little writing https://steemit.com/bitcoin/@brotherwood11/minimize-your-fee-bitcoin-tips-and-trick-1
especially for micro transaction bitcoin from one exchanger to antoher exchanger
i will glad if u read my little writing https://steemit.com/bitcoin/@brotherwood11/minimize-your-fee-bitcoin-tips-and-trick-1
Nice, will check it out!
January 25, 2018, 11:19:58 AM
Seems like bitcoin transaction volume lag improving day by day, i believe it is due to lighting network implement last week. However it is not in full capacity yet, once its in capacity, we might see bitcoin transaction under $0.50 cents. so finger crossed. it will be very good for micro volume.
January 25, 2018, 11:16:37 AM
i was writing something like that , with another way i think (?)
especially for micro transaction bitcoin from one exchanger to antoher exchanger
i will glad if u read my little writing https://steemit.com/bitcoin/@brotherwood11/minimize-your-fee-bitcoin-tips-and-trick-1
especially for micro transaction bitcoin from one exchanger to antoher exchanger
i will glad if u read my little writing https://steemit.com/bitcoin/@brotherwood11/minimize-your-fee-bitcoin-tips-and-trick-1
January 25, 2018, 11:16:29 AM
I've noticed that fees tend to be smaller on average during weekends. Coinbase effect?
January 25, 2018, 11:00:12 AM
...waiting for the blockchain to be under 40k unconfirmed transactions, like now? :-P
January 25, 2018, 10:58:57 AM
Hey guys, let me know what you think. Do you know any other ways of lowering the transaction fees?
https://steemit.com/bitcoin/@sek3/how-to-reduce-your-bitcoin-transaction-fees-in-up-to-80
https://steemit.com/bitcoin/@sek3/how-to-reduce-your-bitcoin-transaction-fees-in-up-to-80
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