what's the fees you pay every bitcoin trading? - page 2.

Kakmakr

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Bitcoin started out with only a few users and the code in the Bitcoin protocol was configured to handle that load. The idea was to increase it's capacity as the network of users grow. The parameter that was used in the code to increase the capacity is commonly called the Block size. < Increasing the Block size will increase the amount of transactions it will be able to handle > The Core developers saw some risks in increasing the Block sizes only, so they written some new code to address the "scaling issue" without having to increase the Block sizes.

The new code will allow for aggressive scaling, with less impact and risk to the network.

Then some other developers decided that SegWit & Lighting Network is not the route to go, and they suggested a counter proposal, called Bitcoin Unlimited.

Bitcoin can only implement something new, if the majority consensus are reached. The users & miners will now have to decide, what option they will choose for all of us to solve the scaling issue. The first progress will start on the 1 Aug 2017, so look out for that. ^smile^

coynedterm

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Quote from: btcbabhh on June 05, 2017, 11:36:38 AM

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 . Undecided

sorry for my bad english , but i think you will know what i say

This is really true , in the beginning when I entered in the Bitcoin then I seen that the fee we needed to confirm the transaction needed to about 25 or even less sat/byte but now it is 200+ times more fee ( which is minimum) that we needed to confirm the transaction .
So here the Bitcoin is the way of the making money for the millionaires only because here we can't make profit in the Bitcoin trading because if in a deal we are getting the profit of 2-3 $ then we needed to pay the fee 4-5$ that is not fair , our earning goes down to 75%+ in the Bitcoin trading .So here in my opinion we should use another altcoin for the payment purpose with Bitcoin , so that we can make some more profit for our living life .

Netnox

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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.

BrewMaster

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Quote from: AicecreaME on June 05, 2017, 11:17:06 PM

It depends on the amount that you are going to transfer, also depends on your the web wallet that you are using. But mostly of the web wallets does have transaction fees, and this is only natural since we are using their services,

all wrong.
how much fee you pay doesn't have anything to do with how much you are transferring. in bitcoin you pay for the size of your transaction in bytes. if it is normal and about 226 bytes then you pay less and if it is big for example 10,000 bytes you pay more.
also web wallets are two kinds:
- blockchain.info like wallet which you have the private keys, in which case there is nothing different about fees. you pay the network fee.
- coinbase like wallets which you don't have the private keys. and they do take fees now and it depends on how much they feel like is appropriate.

AicecreaME

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Quote from: btcbabhh on June 05, 2017, 11:36:38 AM

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 . Undecided

sorry for my bad english , but i think you will know what i say

It depends on the amount that you are going to transfer, also depends on your the web wallet that you are using. But mostly of the web wallets does have transaction fees, and this is only natural since we are using their services, that is why I'm wondering why people are complaining about this thing. Yeah, the transaction fee is a little bit unfair especially to those people who are earning just a little bit.

And also because the bitcoin's price is always increasing, that is why we are always thinking that the transaction fee is also getting higher, the bitcoin's price do gets higher not the transaction fees.

MingLee

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Quote from: btcbabhh on June 05, 2017, 11:36:38 AM

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 . Undecided

sorry for my bad english , but i think you will know what i say

It's moving up because the average fee is moving up because a lot of people are trying to get their own transactions through on the blockchain right now, and it's congested because of spam attacks that were never really fully resolved because of lots of people wanting to move their Bitcoin at the same time.
I'm paying something close to what you mentioned, I'd have to go and look at specifics at some point if you want a more accurate answer than just that.

nuela

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Blocklancer - Freelance on the Blockchain

All do cost every trade that run, what all payment can use bitcoin ??

RoommateAgreement

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Bazinga!

paying fees higher than 400 satoshi per byte is for a 100% guaranteed confirmation in next block.

you can do two things:
- pay a lesser fee. anything above 150-200 satoshi per byte would do.
- learn more about what RBF transactions are and use them.

with 200 s/b you can get a confirmation in next 5 blocks most of the times these days. and it is good if you are not in a hurry.
and RBF should be used in case anything changed and that fee was not enough you increase it to 400 easily and have a confirmation fast.

have been doing this with 200-220 s/b so far without any problems.

DOGE12321

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I pay the average of 480-Satoshi per byte. However, the extent of your fee ultimately depends on the number of inputs and outputs. The general rule is the more inputs and outputs the more fee you pay.

bamboylee

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Quote from: piebeyb on June 05, 2017, 07:08:57 PM

All the problems on bitcoin transaction costs are just a moment and will not last long when the block size really goes above 1MB

even if block size is raised, what is the assurance that tx will not be spammed to suffocate the new limit? it will be as easy as they spam it right now. high fees is a pain but it will be hard to find the right solution if there will be spammers that will clog the network and transactions.

piebeyb

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Bitcoin Trader

Quote from: cengsuwuei on June 05, 2017, 05:32:19 PM

this now ussualy iam use 200satoshi/bytes every sending bitcoin
and fast too confirmation transaction,someday iam use only 123satoshi/bytes one week later my transaction get confirmation
if sending fee low confirmation is very long time

All the problems on bitcoin transaction costs are just a moment and will not last long when the block size really goes above 1MB

Sarah08

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Not more than but sometime more than 1amount of what you bought but i guess that was not bad at all because we know the opportunities in trading and we can multiply our bitcoin even it has a sometimes high fees in every trading so no doubt about that and not really a bad thing to do.

stompix

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Blackjack.fun

Quote from: btcbabhh on June 05, 2017, 11:36:38 AM

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 . Undecided

sorry for my bad english , but i think you will know what i say

It's not trading is sending or transferring.
At first I was thinking about the trading fees on an exchanges but you're just complaining about the tx fee.

Like a hundred more:
https://bitcointalksearch.org/topic/whats-the-fees-you-pay-every-bitcoin-trading-1950948
https://bitcointalksearch.org/topic/are-you-using-low-fees-1947520
https://bitcointalksearch.org/topic/no-matter-how-much-we-love-btc-confirmations-take-way-too-long-713885
https://bitcointalksearch.org/topic/085-transaction-fee-is-absolutely-ridiculous-1902329

I think 4 threads on the first page alone are enough...

cengsuwuei

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#SWGT PRE-SALE IS LIVE

this now ussualy iam use 200satoshi/bytes every sending bitcoin
and fast too confirmation transaction,someday iam use only 123satoshi/bytes one week later my transaction get confirmation
if sending fee low confirmation is very long time

cellard

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Quote from: btcbabhh on June 05, 2017, 11:36:38 AM

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 . Undecided

sorry for my bad english , but i think you will know what i say

Miners are blocking capacity increases to rack more fees. In order to scale bitcoin run an UASF node or keep dreaming about a consensus to scale bitcoin.

The fees depending on the size of the transaction: the more inputs and outputs the more fee you pay.

Lightning network is the only way to scale bitcoin to mainstream level without having the network exposed to a government attack that could kill the datacenters running the nodes, which is why a conservative block size is a fundamental pillar of bitcoin's long term survival.

btcbabhh

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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 . Undecided

sorry for my bad english , but i think you will know what i say

Topic: what's the fees you pay every bitcoin trading? - page 2. (Read 1511 times)