Topic: transaction fee (Read 764 times)

I would really like to recruit a team with whom I could share my experience and earn together.

You should use coinbase and find the guys who are using coinbase, there is no fees between coinbase users.

Recently there has been a boring increase in anti-BTC rhetoric stating what everyone knows,transaction fees are high,confirmations are slow.I thought this was another one of those slanted as a question.Apologies if I was mistaken.

If you send a transaction it gets queued. There is a long queue of unconfirmed transactions. You can have a peak at them at https://blockchain.info/pl/unconfirmed-transactions.

The queue is in fact arranged by fee (not by the send time(!) ), because it makes sense for the miners to include highest fee transactions first - the transaction fee goes to their pocket. There are exceptions (for instance you pay an accelerator explicitly to confirm THAT transaction, regardless of the fee), but otherwise it is a golden rule - the queue is arranged by the fee, descending.

In bitcoin, blocks happen to be mined every ten minutes on average, but a block can contain only so many transactions - so the first transactions (as many as fit into a block) from a queue are included in a new block, the rest waits next ten minutes (on average) for the next block. But, if new transactions come, they may be placed first in the queue if they have higher fees. So your transaction may get pushed down and down the queue. Sometimes you have to wait very long for the confirmation. My record waiting time is 2+ weeks, in Dec'17.

There are calculators that help you  figure out the best fee - i.e. the fee that gets your transactions confirmed fairly quickly, but not exceedingly high. Example: https://btc.com/stats/unconfirmed-tx

Currently, it is 2 satoshis per byte, it is extremely low. In Dec'17 it was hundreds times more.

Now, if you send your transaction with a fee, even if it is low, it always makes sense for miners to include it in a block eventually. But if there is no fee whatsoever - there is absolutely no incentive.

I hoped that answered your question

If you want to transfer BTC without fees, there is not a lot of solutions. The one I use is to buy BTC on Coinbase. After that, transfer your BTC from Coinbase to their exchange Gdax then send your BTC from Gdax to your hardware wallet(Nano Ledger S for example). Like that you have no transactions fees.
I heard about Bitstamp too which allow to transfer to your hardware wallet without fees but I'm not sure about that.

Well, that's not the way of Bitcoin works. You need to pay of tx fee for the miners's work to verify the transactions.
I know today's fee is bit of high. But wait until SegWit or other technology being implemented. It will be down again. I still remember our glorious days when tx fee is still in cents.
Let's see that the coinbase guys able to implement segwit properly, so rest can follow the route for a better speed and tx fee transactions.

It is very profitable to invest Bitcoin, for example, I earn a living by doing it and are very happy with it.

It is not possible to transfer a bitcoins without a fee. The transaction needs to be mined and confirm in the block. Higher fees expedite delivery and low fees delay transaction. If no fees at all then your bitcoins wont be confirmed at all.

It's not possible to transaction Bitcoin without fee. Bitcoin transaction fee is must be necessary.

fee is the gift for miners because they pay for hardware and electricity.
 you can control time by using this fee. and better to use high one

A certain transaction cost is necessary. We all know that miners play an important role in the whole network, and they are very important for the protection of power in the network. It can be considered that there is a direct relationship between the value of a coin and the number of miners supporting it. If it is a small transaction, the transaction does not use bitcoin and ETH, the large amount of transaction is now acceptable.

It’s actually a very big deal, people are not not making transactions or investing anymore because of the huge fees and they hasn’t been any serious profits for investors after it fall from $19000.

Well it is true that the fees are very high right now, but we can not do anything in order to avoid them. Or just use poloniex or localbitcoins, you will have to pay a half of the total fees (polo ; 0.0005 for fees - lbc; 0.0003 for fees)

I think it's not a big dill.Because the tarnsection fee of bitcoin is soo cheep.It's not a big amount.They trade your money to rise up a big amount for get you a good profite from your invest money.When you get a big amount then you don't see the fee of bitcoin or anything ,because your profite is bigger then your profite.

you can't get around without a fee.

BTC network is based on a P2P structure which means that the benefit of whole transaction if just for both the sender and buyer and not for anyone who processes the transaction. But as per the network this person must also be paid adequately so here comes in the process of mining fees or transaction fees to be more precized. There is absolutely no exception from this fees for transactions made in BTC on the blockchain. You better try transaction in some other coins like NEO which have no fees or make off chain transactions for which you surely need to have the receiver on the very same page.

I'm sorry but this is impossible and you need to compromise with the transaction fees because they tend to rise up as the prices of the bitcoins also rises thanks to other factors.

what about any recommendation which charge lesser for the transfer?

I dont think that there is place you can use to transfer bitcoin without paying fees using bitcoin address but in coinbase website you can transfer small amount of bitcoin using email add that registered to a coinbase account or coinbase address. maybe search google how to use coinbase email add in transfering fund.

If you want to transfer your Bitcoin, you need to pay transaction fees. You cannot save that amount but if you really want to save that fees try using the lower values of transaction fees but then it will take a lot of time to transfer your funds. So, think before you make such a move.