What is your ideal transaction fee for Bitcoin transactions?

burky156

full member

Activity: 658

Merit: 112

Quote from: THATBTC on June 01, 2018, 10:31:46 AM

Quote from: Kprawn on June 01, 2018, 10:26:27 AM

Has anybody considered what the Bitcoin users want for transaction fees for their transactions? Yes, we can set the transaction

fees for our transactions in some wallets, but if you were given one set percentage of what you want to pay for transactions,

what would you choose? Let's say, this is based on the amount of bitcoins you are sending and not the transaction packet

size. Roll Eyes

In the tax system, people with more money pay higher taxes and people with less money pay little or no taxes, so it would

make sense to apply this to Bitcoin too. {I am just playing Devils Advocate, because I know people will split tx's if this was

done.} Let's say they increase the amount, if it comes from the same Bitcoin address.... forcing people to use new Bitcoin

addresses and increasing pseudo anonymity. Tongue

What percentage of your total transaction, would you be willing to pay for transaction fees, if this was done? {We might see

this with the future Bank Coins, because they like to do that.} Cheesy

high fee / fast transaction
low fee/ slow transaction

It seems very fair but if you procces your thought you could pay big ammount of money when you send big ammount of bitcoin (high fee / fast transaction
low fee/ slow transaction). For me is todays bitcoin transactoin fees is fair enough and i would never wish that it changes. When i make bitcoin transaxction today i am paying like 0.0001 and it makes $0,38 and it is quite acceptable. I wish that stays in this level.

btyco

copper member

Activity: 364

Merit: 4

There are teo parties that are important here. The miners need encouragement to mine, but also users need a reason to switch from fiat. 0.01 will make it good for users, with a 10 dollar cap at the high end

tanxpresisit514

newbie

Activity: 75

Merit: 0

Quote from: Kencha77 on October 23, 2018, 04:42:30 AM

0.5% should be the minimum fee for a single bitcoin transaction. This is because with the current fiat transaction fees I pay which is around 1-2%, 0.5% should be justifiable because there is already a network which provides all the necessary mechanism for generating a transaction and a company will just have to make sure that the account's private keys are secured

I think the ideal is 0.5% for each transaction to be cheaper than bank transactions. Transactions using bitcoin are cheaper, because transactions that occur between wallet owners and recipients are very effective and efficient because there are not too many rules. The security factor must be taken care of themselves because the wallet contains bitcoin, the private key is only the owner who knows.

bloodyvio

full member

Activity: 546

Merit: 102

transaction fee is not a problem for me
the most important thing is the confirmation speed
so i can make payments quickly
but the ideal transaction fee for me is around $0.05

messito

jr. member

Activity: 154

Merit: 1

less than one dollar. Bitcoin will never be available for calculations in the whole day life if the price is so high

integrity42

full member

Activity: 476

Merit: 100

Everybody are dreaming about the zero taxes and fees, but I understand that this is completely impossible, so I am happy with those present now!

faceoff97

full member

Activity: 644

Merit: 113

If you want lower transaction, you should choose wallet that supports segwit addresses. Segregated Witness (Segwit), is a different kind of transaction format for Bitcoin. Segwit changes the way in which information is stored on the blockchain, it allows for a reduced transaction size. This simply means that SegWit addresses enable bitcoin users to make cheaper and faster transactions. Check out available wallets such as Hodler wallet and samurai, it supports segwit addresses.

jobukegoya

newbie

Activity: 84

Merit: 0

Quote from: dmty.0809 on October 23, 2018, 04:35:58 AM

we certainly will want a small fee, because for the transaction fee seen from the price of the coin, the more expensive the coin will be the more expensive the tax.

Actually the cost for bitcoin transactions is very cheap, because the amount to be paid depends on the number of transactions. But in general the cost of bitcoin transactions ranges from: 0,0001 - 0,0005 BTC. The greater the transaction, the greater the transaction costs.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: basyang on October 29, 2018, 05:10:24 PM

If you will ask me if what is my ideal transaction fees then it is 5% or fixed amount. Many of us here are not enough profit because of there ranks and having a hard time to have a merit so they are stock up in a lower positions. Some transaction fees are 10 to 20 percent which is give us burdensome and I think it is not fair especially to those bitcoinist that has a little income.

You do realize that the world doesn't only evolve around people moving small values back and forth, right?

I conduct transactions almost on a daily basis, and in the last couple of months I haven't had to include more than $0.02 in transaction fees to get first/second block confirmations. You're either wasting your time on faucets and whatnot, or you are trying to consolidate an x number of inputs resulting in a higher than average fee.

Tip; In case of the latter, before you go to bed, try to consolidate your inputs in an as efficient manner as possible, add a below average fee, and when you wake up your transaction is confirmed.

I absolutely love the current fee structure, because I can buy myself priority by simply adding a higher fee.

sieemma

sr. member

Activity: 980

Merit: 253

The transaction fee also called miners fee is set to allow miners to activate your transaction or put your transaction the the next block to be mined. Everyone has the choice to change this value depending on when to expect the transaction to be done. I usually spend 100000 sat when I want to make my transactions instant.

Siti Nurbaya

jr. member

Activity: 490

Merit: 1

High and low costs are indeed influential but with better services will certainly be very influential for this. The ideal cost of most of the 2% is enough, which is ensured that service can satisfy the holders.

kucritt

full member

Activity: 616

Merit: 100

i agree with the fee system right now, high fee is make the transaction be the priority and it will fastest than use the low fee. but it should lower than now for the fee because right now the fee is too high i think

basyang

full member

Activity: 644

Merit: 100

Quote from: Kprawn on June 01, 2018, 10:26:27 AM

Has anybody considered what the Bitcoin users want for transaction fees for their transactions? Yes, we can set the transaction

fees for our transactions in some wallets, but if you were given one set percentage of what you want to pay for transactions,

what would you choose? Let's say, this is based on the amount of bitcoins you are sending and not the transaction packet

size. Roll Eyes

In the tax system, people with more money pay higher taxes and people with less money pay little or no taxes, so it would

make sense to apply this to Bitcoin too. {I am just playing Devils Advocate, because I know people will split tx's if this was

done.} Let's say they increase the amount, if it comes from the same Bitcoin address.... forcing people to use new Bitcoin

addresses and increasing pseudo anonymity. Tongue

What percentage of your total transaction, would you be willing to pay for transaction fees, if this was done? {We might see

this with the future Bank Coins, because they like to do that.} Cheesy

If you will ask me if what is my ideal transaction fees then it is 5% or fixed amount. Many of us here are not enough profit because of there ranks and having a hard time to have a merit so they are stock up in a lower positions. Some transaction fees are 10 to 20 percent which is give us burdensome and I think it is not fair especially to those bitcoinist that has a little income.

crypteris

newbie

Activity: 159

Merit: 0

It's quite an interesting topic. Honestly, I have never even thought about that. It's natural for the exchanges to charge fees, and transaction fees change depending on the trade volume. The higher it is, the less you pay. There could even be options with no fees for transaction. Say, on CEX, if you've decided to buy BTG for EUR (https://cex.io/btg-eur) by VISA or MasterCard, you will have to pay about 2.99%. But doing it via bank transfers, you won't be charged anything.

Kencha77

sr. member

Activity: 574

Merit: 251

0.5% should be the minimum fee for a single bitcoin transaction. This is because with the current fiat transaction fees I pay which is around 1-2%, 0.5% should be justifiable because there is already a network which provides all the necessary mechanism for generating a transaction and a company will just have to make sure that the account's private keys are secured

dmty.0809

sr. member

Activity: 756

Merit: 250

we certainly will want a small fee, because for the transaction fee seen from the price of the coin, the more expensive the coin will be the more expensive the tax.

nicster551

sr. member

Activity: 896

Merit: 253

Quote from: Kprawn on June 01, 2018, 10:26:27 AM

Has anybody considered what the Bitcoin users want for transaction fees for their transactions? Yes, we can set the transaction

fees for our transactions in some wallets, but if you were given one set percentage of what you want to pay for transactions,

what would you choose? Let's say, this is based on the amount of bitcoins you are sending and not the transaction packet

size. Roll Eyes

In the tax system, people with more money pay higher taxes and people with less money pay little or no taxes, so it would

make sense to apply this to Bitcoin too. {I am just playing Devils Advocate, because I know people will split tx's if this was

done.} Let's say they increase the amount, if it comes from the same Bitcoin address.... forcing people to use new Bitcoin

addresses and increasing pseudo anonymity. Tongue

What percentage of your total transaction, would you be willing to pay for transaction fees, if this was done? {We might see

this with the future Bank Coins, because they like to do that.} Cheesy

Would be everything that I could pay using it. But I really doubt that Bitcoin is the one we are going to use as a payment method. There will be a coin that would fit to do that role.

_Miracle

hero member

Activity: 912

Merit: 661

Do due diligence

Lower than bank fees and faster … like it used to be.
Last year I had to use some coin to pay a bill: it was small like a few hundred dollars and I increased the fee to something I thought was high; $20 something.

It took DAYS.
I used to be able to move bitcoin around quickly and cheaply on a daily basis within an hour (and that would have been slow)

rishad quraishi

newbie

Activity: 41

Merit: 0

I think within a range of 0.01% to 0.02% would be very suitable and acceptable for everyone along with some range of limits of transaction.

realcrypto

member

Activity: 476

Merit: 12

For bitcoin transactions, the ideal way of taking the transaction fees is by percentage. It is only a favourable percentage that should be talking about, a percentage that will favour both the miners and others.

Topic: What is your ideal transaction fee for Bitcoin transactions? (Read 1434 times)