Topic: what's the fees you pay every bitcoin trading? (Read 1523 times)
You always have to pay a mining fee if that's what you're asking about
I'm paying very low fees recently, it looks like some mining pools are coming back to the reality after seeing other coins increase in value.
They have sensed the danger that they are facing, though not all the pools were bad and greedy but most of them didn't turn down the high fees.
Hopefully they keep including low fees transactions constantly and we'll see how ETH will be dumped and Bitcoin rises above $3000 this time.
They have sensed the danger that they are facing, though not all the pools were bad and greedy but most of them didn't turn down the high fees.
Hopefully they keep including low fees transactions constantly and we'll see how ETH will be dumped and Bitcoin rises above $3000 this time.
First of all, I must say that I am not a frequent trader. I have done a few LTC/BTC and BTC/ETH trades, and that is it. I use BTC-e for my crypto-trading and the fees are quite low (0.2%). The withdrawal fee is also within the limits, and they didn't increased the withdrawal fee unlike the other exchanges during last month (I have only tried BTC withdrawal, and no fiat withdrawal).
Yet another whining cry baby here to complain about high fees, if we all stop paying any fee above 120sats/b then who is going to refuse? oh of course miners could ignore our low fee transactions, so this is not fixable because when miners have the ability to ignore them, we have no other choice than paying the highest fees possible. this is the system now so you should first think about these stuff then invest or use it.
In my own experience of fees I have transfer my bitcoin from coins.ph to livecoin.net and the fee is 2% fix in every transactions.
Right now, the standard fees for median transactions in coins.ph cost around $2 but still free if the transaction is within their accounts. Still lower compare to other web wallets that cost even close to $5 and much costable if high priority will be chosen.
I had a bad experience with fees. I wanted to buy 0.01 BTC and with all the fees they charged me, I ended up with 0.007 
You deal with the buying rate of the exchange where you purchase your bitcoin. It's not the common transaction fees when sending bitcoins to another.
In my own experience of fees I have transfer my bitcoin from coins.ph to livecoin.net and the fee is 2% fix in every transactions.
Bitcoin is a store of value to me, savings, an asset if you like. Paying higher than recommended fees doesn't bother me. I pay higher than average every single time, I don't want to be hanging around for ages waiting for confirmation.
I understand why people get annoyed waiting if they're using bitcoin as a currency to buy things though.
But how about people who is having very less earning and they want to transact for some emergency . Now bitcoin becoming the option for wealthy people .It was not the agenda or purpose of bitcoin.I understand why people get annoyed waiting if they're using bitcoin as a currency to buy things though.
I had a bad experience with fees. I wanted to buy 0.01 BTC and with all the fees they charged me, I ended up with 0.007
Fee of Sat 500/B? That is insane. I have never paid that much fees, ever since I started collecting Bitcoins. The maximum that I have paid is somewhere around 300 Sat/B. But normally, I pay only around 100 Sat/B and sometimes even less. It is not viable to pay a fee of BTC0.0005 on a transaction worth just BTC0.001.
Insane to pay this much, but if you're going to be doing something that's time sensitive you're going to want it done within the next block which already takes some time in itself. So, people are going to pay for a lack of patience or inability to be patient at that time for some other reason.
I usually pay whatever the recommended is on one of those bitcoin fee estimator sites and just go with that, it usually seems to work rather quickly. Though, if I'm doing something that isn't time sensitive I'll pay as low as I can to still get it confirmed though it'll just be waiting for like 3-6 blocks.
Here's the site I use btw to estimate fees - https://bitcoinfees.21.co/
Bitcoin is a store of value to me, savings, an asset if you like. Paying higher than recommended fees doesn't bother me. I pay higher than average every single time, I don't want to be hanging around for ages waiting for confirmation.
I understand why people get annoyed waiting if they're using bitcoin as a currency to buy things though.
But how about people who is having very less earning and they want to transact for some emergency . Now bitcoin becoming the option for wealthy people .It was not the agenda or purpose of bitcoin.I understand why people get annoyed waiting if they're using bitcoin as a currency to buy things though.
Bitcoin had no agenda.
Bitcoin is not a socialist tool to help the poor or help with the wealth differences and redistribution.
Bitcoin only follows the rules of a free market and offer/demand.
As for the fees probably we will have a solution soon with segwit.
i never believe that someday i will pay so much fee for my bitcoin transaction
now i pay 500satoshi/B that my transaction can be confirm quickly but when lower than 300satoshi/B
i think my transaction will never have comfirm
how bitcoin being such huge fee now?
the one purpose bitcoin at begin is that provide people low fee and quickly but now i haven't see anymore , so sad .
sorry for my bad english , but i think you will know what i say
now i pay 500satoshi/B that my transaction can be confirm quickly but when lower than 300satoshi/B
i think my transaction will never have comfirm
how bitcoin being such huge fee now?
the one purpose bitcoin at begin is that provide people low fee and quickly but now i haven't see anymore , so sad .
sorry for my bad english , but i think you will know what i say
you must make a difference between bitcoin fee for trading which is less than 1% on exchange, and fee paid for sending bitcoin, you are confusing the two here, be precise please, for transaction of bitcoin, you need to pay 74k satoshi for 226 byte of transaction now, which is expensive, but better than before
I do not know how much it costs now, because I have not sold bitcoins for a long time and now all payments are using bitcoins.
Bitcoin is a store of value to me, savings, an asset if you like. Paying higher than recommended fees doesn't bother me. I pay higher than average every single time, I don't want to be hanging around for ages waiting for confirmation.
I understand why people get annoyed waiting if they're using bitcoin as a currency to buy things though.
But how about people who is having very less earning and they want to transact for some emergency . Now bitcoin becoming the option for wealthy people .It was not the agenda or purpose of bitcoin. I understand why people get annoyed waiting if they're using bitcoin as a currency to buy things though.
I'm paying about .0008 per transaction. and thats the lowest fee. and its painful like wtf. i just send .002 and my fee is that. The more bitcoin raise more user will come also so means its hard to mine because there are more user than miner that's cause of slow transaction and higher fee. i wish there will be opportunity for mining.
You're sending transactions worth 6$?
Funny how there are people still doing this.
Also , it doesn't matter how many miners are there. They can be two or two millions 1GH or 1PH the number of blocks and the amount of tx that fit in them will be the same.
Bitcoin is a store of value to me, savings, an asset if you like. Paying higher than recommended fees doesn't bother me. I pay higher than average every single time, I don't want to be hanging around for ages waiting for confirmation.
I understand why people get annoyed waiting if they're using bitcoin as a currency to buy things though.
I understand why people get annoyed waiting if they're using bitcoin as a currency to buy things though.
When you say Bitcoin trwdin you actually should mean the exchange and the fee is 0.2 % normally. You talking about the fee to transact Bitcoin from one address to the other. That's not what the title means though.
I use 0.001 BTC normally and I think that's white enough. $2.5 seems plenty. I won't go more then 0.0015 some exchanged force you to do 0.0015 so that is max for me.
I use 0.001 BTC normally and I think that's white enough. $2.5 seems plenty. I won't go more then 0.0015 some exchanged force you to do 0.0015 so that is max for me.
I'm paying about .0008 per transaction. and thats the lowest fee. and its painful like wtf. i just send .002 and my fee is that. The more bitcoin raise more user will come also so means its hard to mine because there are more user than miner that's cause of slow transaction and higher fee. i wish there will be opportunity for mining.
I am paying around 100 to 200 satoshi based on urgency or priority of fund transfer some time i use max 200 satoshi per byte i think its fare till last two week back recently i dint do any transaction from last 2 weeks couple of days and also i suspect Miners blocking capacity increases for getting more fees. I think the present move not good for bitcoin
Yes its true that the fee for microtransactions, nowadays is really high, its a pain in the ass to buy things thay cost $5-$10 cuz we have to pay $2 in fee. This needs to change and there will be a solution soon enough, just hold tight.
i never believe that someday i will pay so much fee for my bitcoin transaction
now i pay 500satoshi/B that my transaction can be confirm quickly but when lower than 300satoshi/B
i think my transaction will never have comfirm
how bitcoin being such huge fee now?
the one purpose bitcoin at begin is that provide people low fee and quickly but now i haven't see anymore , so sad .
sorry for my bad english , but i think you will know what i say
Why use a huge fee for this transaction now i pay 500satoshi/B that my transaction can be confirm quickly but when lower than 300satoshi/B
i think my transaction will never have comfirm
how bitcoin being such huge fee now?
the one purpose bitcoin at begin is that provide people low fee and quickly but now i haven't see anymore , so sad .
sorry for my bad english , but i think you will know what i say
I only spend 100-200 sat/byte and will get confirm after 5 blocks, I think you need change your setting fee if you not want lost more money 
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