Topic: Transferring bitcoins and fees - page 2. (Read 362 times)
Are you planning to keep on transferring your bitcoin to another wallet and pay the "small" fee forever?
Why do you use multiple wallet, did you cheat at bounty or airdrop project, you can use your one wallet for transferring your bitcoin to other exchange account with less fee, never use multi account for joining at bounty or airdrop project because is not good ideas.
This is funny, why do you want to keep doing that? Will this not amount to wastage of your funds since they still belong to you, or just an effort from you without any value been added!
I've fractions of coins in multiple addresses so I was thinking to "put" them all into one single address, and now it seems that will cause the fee problem
If yes, I guess that's okay to do that (but not recommended), since it will only spend a single fee but on the other hand it will cause you higher fee due to lots of inputs (you will see a warning message for sending to your own address on some wallets).
But if not, that's alright but same thing, fee will eat up large fraction of your funds doing that.
Why would Bitcoin be any different than say for instance your Bank transfers. We pay small fees to transfer money from one Bank account to another, when we use Banks.
A Bitcoin address is the same as having a Bank account at different Banking groups, so you pay miners fees for every transaction.
If you do not want to pay these fees, use centralized online wallets, where these transactions are done within their internal ledger software. In services like this, different people transfer coins between wallets without any fees, because they use the same wallet provider.
A Bitcoin address is the same as having a Bank account at different Banking groups, so you pay miners fees for every transaction.
If you do not want to pay these fees, use centralized online wallets, where these transactions are done within their internal ledger software.
This is funny, why do you want to keep doing that? Will this not amount to wastage of your funds since they still belong to you, or just an effort from you without any value been added!
I've fractions of coins in multiple addresses so I was thinking to "put" them all into one single address, and now it seems that will cause the fee problem
I've multiple wallets and I was wondering if I keep transferring bitcoins among these wallets (my own wallets ) will that eventually consume all my coins (keep paying fees )?
Obviously, yes, it will, due to every transaction need a transaction fee. Not unless if you use a wallet such coinbase and send to another coinbase wallet which are hosted web wallets that never as ask any fees in transferring funds.But for what reason you would do that?
I've multiple wallets and I was wondering if I keep transferring bitcoins among these wallets (my own wallets ) will that eventually consume all my coins (keep paying fees )?
I think even you move between adresses it still need fees. So actually have multiple wallets is a bad idea because you will need higher fees to pay even if want to collect them to be 1 in your primary wallet. 
bitcoin doesn't care nor does it know if two addresses belong to one wallet or two different ones. whenever you are creating a transaction and want it to be included in the decentralized ledger called the blockchain, you have to "pay for the space" you are occupying in it. so you have to pay a fee. as a result if you transfer bitcoins between your wallets you will eventually run out of coins.
and by the way, that is how bitcoin fights certain types of spam attacks. if there were no fees, anybody could cripple the network for free. but because of fees it will cost you to perform this type of attack so it can't be sustained.
and by the way, that is how bitcoin fights certain types of spam attacks. if there were no fees, anybody could cripple the network for free. but because of fees it will cost you to perform this type of attack so it can't be sustained.
I've multiple wallets and I was wondering if I keep transferring bitcoins among these wallets (my own wallets ) will that eventually consume all my coins (keep paying fees )?
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