transaction fee - page 2. | Bitcointalksearch.org

bug.lady

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Large scale, green crypto mining ICO

Quote from: Iranus on December 03, 2017, 08:54:10 AM

There used to be some dodgy gambling sites which offered no fee when withdrawing from them, but I don't think they do that anymore.

If you found a site which did allow you to send zero-fee transactions, they'd most likely keep a very close eye on your transactions to make sure you weren't using it like a normal wallet.

Just have your coins in a wallet that you control, and send with the lowest fees that you can get away with.

There are sites (google them) that actually give you the current statistics on the number of unconfirmed transactions in the network - both overall, and grouped according to the transaction fee. From there, you can estimate the transaction fee that suits you most - either the lowest, giving you the chance it may get eventually confirmed (last week I waited like 5 days for a tx to get confirmed), or some optimal value giving you a decent confirm time without overpaying. It depends on your needs.

Flor1982

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Quote from: limelemonade on December 03, 2017, 08:32:14 AM

hi all anyone have good recommendation where there no transfer or admin charge apply when transferring BTC?

Transaction fees are normal because the fees will goes to operating cost of the trading site, wallet, local exchanges and miners fee in the block chain, without fees these services will not survive but maybe you are looking for cheaper fees in which you could find it in the google then make a comparison list for your future reference or better you should transact in bulk not in the minimum amount to avoid the flat fees.

hadveach

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which I know there is no free transfer fee, if there are many cheap. I think any transaction will be charged. so also fiat, when transfer then there is an administrative fee.
it's just a bitcoin in the form of virtual money.

limelemonade

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but for those for invest in small amount..every coins count.... even little admin fee also an impact

AlwaysJanuary

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Better pay a fee.
I suggest you to watch some videos to inform yourself how it works.

wel24

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This is what i have noticed the transaction fee is very high now since the bitcoin value is soo high thats why the value of the fee is big too for now but before thata little for us.Maybe in the near future the fees per transaction will become high again.

illinest

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Quote from: limelemonade on December 04, 2017, 01:37:29 AM

then what about any recommendation if i want the charge to be as minimal as possible?

If you want to minimize the fees, stop using shitty web wallets and exchanges to hold your coins. Electrum is ideal for newbies. Always click "replaceable" when sending a transaction so that if it gets stuck, you can easily bump the fee. You should never pay the "priority fee" to "get confirmed in the next block." That's like paying a $5 bill at a 25 cent toll, literally. If you are willing to wait a few blocks, you can save 10x-20x in fees.

These days when I send at 10-15 satoshis/byte, I often get confirmed in the next block. I made a bunch of transactions yesterday: 31 inputs, 8 outputs, 8 transactions in total. Each transaction was standard and spent ~ 12.9 satoshis/byte in fees at a time when "priority fees" per earn.com were ~ 140 satoshis/byte. I spent a total of 0.0006323 BTC in fees to send those 8 transactions. All transactions were confirmed within 10 blocks.

So, stop overpaying. That's the main problem. If your wallet forces you to overpay, start using a different wallet.

Opquar

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You can use Electrum and not set a fee. Your transaction will be stuck in limbo and inevitably disappear tho. Just pay a small amount and be done with it.

Tyrantt

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Need some spare btc for a new PC

I'm using blockchain.info wallet and adjusting my fee, depending on the recommended fee. So if the recommended is 8-106 sat/b as of right now, I'd set 20 (right now that's about 50cents), so 20% of the maximum amount and it usually takes from an hour to few hours and that's pretty much nothing for a fee, because fee can't be avoided completely.

limelemonade

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then what about any recommendation if i want the charge to be as minimal as possible?

bmartin44

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There is no way to avoid expensive bitcoin transaction fee, but if you want to transfer between exchangers, then you can try to convert your bitcoin to an altcoin that both exchanger had, then convert it back to bitcoin after transfer, this could be cheaper.

Psyloc9302003

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transaction fees are very important on every exchange..it is a payment for the process of confirming ones transaction..no one would like to do something for free..may be for a friend or relative..but for other person people always ask for charges on the task being done..validating ones transaction on btc will take time and effort..

aardvark15

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Quote from: limelemonade on December 03, 2017, 08:32:14 AM

hi all anyone have good recommendation where there no transfer or admin charge apply when transferring BTC?

I think you are always going to have transfer fees with Bitcoins. Some exchanges may charge smaller fees than others but I don’t think there is a big difference between any of them. Plus Bitcoin inherently has miner fees because the miners are needed to complete and confirm transactions. The miners need to get paid to do this work, so we’re always going to have fees.

farhaan

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Quote from: limelemonade on December 03, 2017, 08:32:14 AM

hi all anyone have good recommendation where there no transfer or admin charge apply when transferring BTC?

As far as i know,there is no such service available since no miner would be willing to confirm transactions for free.Transaction fee was big issue when it got raised heavily when BU was created and loads of fake transactions were sent to spam the network.But now,after segwit activation transaction fee has become very low.It is the fee which miners get as bonus for confirming a transaction.So,even in future,we could not expect such free services.

GoldenOrder

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Quote from: MakeMoneyBtc on December 03, 2017, 09:45:33 AM

First, you have to understand that every transaction has to be included in a block to be confirmed. Miners are the one's who do that and also they are the persons who take the fees you are paying because they are doing hard work to mine a block.

There are some wallets wich dont take fees for transferring bitcoin through the same wallet. One of them is Coinbase(remember that this is an exchanger,not a wallet) and you dont have to pay fees if you are transferring bitcoin to another Coinbase wallet.

Be careful of wallets that promise free fees for any bitcoin transactions. That is pretty much impossible,especially with the fees that bitcoin have these days. Maybe for a short time they afford to pay the fees for a few transactions but after that it could become a scam and stole your bitcoin.

This is not true. Coinbase charges you fees from transfering from one coinbase wallet to another. I used to have two wallets there and when I was new, I was testing and they charged me a fee for transfering from one coinbase wallet to my other coinbase wallet.

Quote from: Anonylz on December 03, 2017, 05:44:29 PM

That is true, and a lot of people are not aware of that. The same happens when you send bitcoins to another addres on localbitcoins.

When you send to another guy who is using localbitcoins too, they will say that the transaction has been sent to another party, and it means that it was an internal output, because it was sent to another wallet using the same provider, and they do not charge fees.

The same happens when you use Coinbase, xapo, coinomy, and a few more, they all are using the same protocol when you send money to another guy using the same wallet/provider.

I know this is true for localbitcoins.com, but not on coinbase, they charged me a fee when I was transfering BTC from one coinbase account to my other coinbase account. This was when I was new, I no longer use Coinbase as a wallet.

PaolaArcanjo

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we all know that the amount of fees we spend will have an impact on the delivery time of Bitcoin.

Anonylz

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That is true, and a lot of people are not aware of that. The same happens when you send bitcoins to another addres on localbitcoins.

When you send to another guy who is using localbitcoins too, they will say that the transaction has been sent to another party, and it means that it was an internal output, because it was sent to another wallet using the same provider, and they do not charge fees.

The same happens when you use Coinbase, xapo, coinomy, and a few more, they all are using the same protocol when you send money to another guy using the same wallet/provider.

Quote from: bitart on December 03, 2017, 05:26:30 PM

They act like a bank in connection with this, if you transfer your coins from your wallet to another wallet (at the same wallet provider, e.g. XAPO)

bitart

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Vires in Numeris

Quote from: lizardbtc on December 03, 2017, 09:48:36 AM

Quote from: MakeMoneyBtc on December 03, 2017, 09:45:33 AM

First, you have to understand that every transaction has to be included in a block to be confirmed. Miners are the one's who do that and also they are the persons who take the fees you are paying because they are doing hard work to mine a block.

There are some wallets wich dont take fees for transferring bitcoin through the same wallet. One of them is Coinbase(remember that this is an exchanger,not a wallet) and you dont have to pay fees if you are transferring bitcoin to another Coinbase wallet.

Be careful of wallets that promise free fees for any bitcoin transactions. That is pretty much impossible,especially with the fees that bitcoin have these days. Maybe for a short time they afford to pay the fees for a few transactions but after that it could become a scam and stole your bitcoin.

Yes coinbase and Xapo or some other ONLINE WALLET PROVIDER can do "free fees" if you send to a person thats also registered there. But the main issue with these wallets is that they are online and most of them don't provide you with your private keys as they keep all bitcoins on several addresses and just change the number of your bitcoins in their database.

They act like a bank in connection with this, if you transfer your coins from your wallet to another wallet (at the same wallet provider, e.g. XAPO) they don't really move your coins thru the blockchain but they just do some clearing between the two accounts. And because you don't have the private key, you can't influence this part of the transaction. If you want to have your coins handled by yourself, you have to use a wallet that's not an online one. You can start a transfer with relatively low fees but in that case the mempool has to be nearly empty and you can use transaction accelerator service, but none of them assure that your transaction will be confirmed in a short period of time.

lizardbtc

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Quote from: MakeMoneyBtc on December 03, 2017, 09:45:33 AM

First, you have to understand that every transaction has to be included in a block to be confirmed. Miners are the one's who do that and also they are the persons who take the fees you are paying because they are doing hard work to mine a block.

There are some wallets wich dont take fees for transferring bitcoin through the same wallet. One of them is Coinbase(remember that this is an exchanger,not a wallet) and you dont have to pay fees if you are transferring bitcoin to another Coinbase wallet.

Be careful of wallets that promise free fees for any bitcoin transactions. That is pretty much impossible,especially with the fees that bitcoin have these days. Maybe for a short time they afford to pay the fees for a few transactions but after that it could become a scam and stole your bitcoin.

Yes coinbase and Xapo or some other ONLINE WALLET PROVIDER can do "free fees" if you send to a person thats also registered there. But the main issue with these wallets is that they are online and most of them don't provide you with your private keys as they keep all bitcoins on several addresses and just change the number of your bitcoins in their database.

MakeMoneyBtc

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First, you have to understand that every transaction has to be included in a block to be confirmed. Miners are the one's who do that and also they are the persons who take the fees you are paying because they are doing hard work to mine a block.

There are some wallets wich dont take fees for transferring bitcoin through the same wallet. One of them is Coinbase(remember that this is an exchanger,not a wallet) and you dont have to pay fees if you are transferring bitcoin to another Coinbase wallet.

Be careful of wallets that promise free fees for any bitcoin transactions. That is pretty much impossible,especially with the fees that bitcoin have these days. Maybe for a short time they afford to pay the fees for a few transactions but after that it could become a scam and stole your bitcoin.

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