Xapo fees is too high. - page 2. | Bitcointalksearch.org

AngelSky

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Quote from: ericmalik on December 21, 2017, 08:02:36 AM

I have stopped using Xapo as a bitcoin wallet .Though their fee structure provides for both standard priority fee and high priority fee and they say the fee doesn't go to them but I doubt if they don't keep some fraction of it plus the fee is applied on incoming transactions now.

Hey use it this is an issue for all the wallet user. You may find comparatively all the wallet providers consumes the same fees for the transaction. So you can get the transaction saved in one wallet.
And then when you want to sell it out that time you will find same fees for the amount you transferred high. After hard fork you may find the bump also in the chart.

ericmalik

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I have stopped using Xapo as a bitcoin wallet .Though their fee structure provides for both standard priority fee and high priority fee and they say the fee doesn't go to them but I doubt if they don't keep some fraction of it plus the fee is applied on incoming transactions now.

maikama

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Quote from: MinerHQ on December 19, 2017, 11:15:48 PM

Quote from: maikama on December 18, 2017, 01:08:35 AM

My wallet xapo have 0.00155786 btc (~30$). Now I only use blockchain Wallet so I want to sale 0.00155786 btc at price 18$ paypal, you know fee to transfer btc go out of xapo is so high. Anyone interested please contact me, my id skype: maikama3 or Facebook https://www.facebook.com/fewwwwwwwwwwwwz

Hello,

If you're interested then I can take your funds into my XAPO account at $18 ($30 bitcoins, if bitcoin price goes down then my price will be different) but you also need to pay the PayPal transaction fee as well because I can't send money as family and friends from PayPal. I don't like to do a deal on skype so I sent you a personal message on this forum so if you're interested then let me know and I can help you on this matter.

Or I can sell it with price 16$ by paypal now. Contact to me if you interested

maikama

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Hi, Thank you for your interest. I will agree with you when the bitcoin price increases again, a bit, now its price is really low. Sad

MinerHQ

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Quote from: maikama on December 18, 2017, 01:08:35 AM

My wallet xapo have 0.00155786 btc (~30$). Now I only use blockchain Wallet so I want to sale 0.00155786 btc at price 18$ paypal, you know fee to transfer btc go out of xapo is so high. Anyone interested please contact me, my id skype: maikama3 or Facebook https://www.facebook.com/fewwwwwwwwwwwwz

Hello,

If you're interested then I can take your funds into my XAPO account at $18 ($30 bitcoins, if bitcoin price goes down then my price will be different) but you also need to pay the PayPal transaction fee as well because I can't send money as family and friends from PayPal. I don't like to do a deal on skype so I sent you a personal message on this forum so if you're interested then let me know and I can help you on this matter.

maikama

newbie

Activity: 13

Merit: 0

My wallet xapo have 0.00155786 btc (~30$). Now I only use blockchain Wallet so I want to sale 0.00155786 btc at price 18$ paypal, you know fee to transfer btc go out of xapo is so high. Anyone interested please contact me, my id skype: maikama3 or Facebook https://www.facebook.com/fewwwwwwwwwwwwz

chris200x9

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Quote from: tabas on December 14, 2017, 05:49:14 PM

Quote from: lossy on December 14, 2017, 02:17:01 PM

I think it's just norml almost all btc wallet raise transaction fees together with pump of bitcoins but it really disturbing issue.

It's now normal for all wallets to have higher fees since the price is increasing so it is also affected. But before xapo is charging high fees even there's no congestion or any problem regarding the transactions. I don't use them anymore but one sure thing that they still charge higher fees now.

Yes, their charges are quite high compared to other online wallets even now. The sad part is they will give you just two options but you can't customize those options. Even after paying such a high fee you may need to wait for long to get your transactions confirmation. Overall if you're looking for only a wallet then it is better to avoid XAPO and use any desktop or blockchain wallet.

tabas

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Quote from: richardsNY on December 14, 2017, 06:49:51 PM

Quote from: tabas on December 14, 2017, 05:49:14 PM

But before xapo is charging high fees even there's no congestion or any problem regarding the transactions.

Online wallet services will always face a certain level of resistance when they force through changes. If they keep the lower fees, transactions will get confirmed slowly, resulting in people complaining. If they increase their fees to offer people faster confirmations, people complain that the fees are too high. In easy terms, regardless of what they do, it never gets appreciated by their users. Instead of complaining, people should install a mobile wallet client that only charges the required network fees, and from there save themselves some satoshis if that's so important for people.

At least they should let their customers use the lower fees or higher priority. But I understand that they are a business and they need to take charges of every change that they are implementing. And to the people that are hoping that xapo will change their terms one day including the lower fees, don't hope for it mates.

richardsNY

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Quote from: tabas on December 14, 2017, 05:49:14 PM

But before xapo is charging high fees even there's no congestion or any problem regarding the transactions.

Online wallet services will always face a certain level of resistance when they force through changes. If they keep the lower fees, transactions will get confirmed slowly, resulting in people complaining. If they increase their fees to offer people faster confirmations, people complain that the fees are too high. In easy terms, regardless of what they do, it never gets appreciated by their users. Instead of complaining, people should install a mobile wallet client that only charges the required network fees, and from there save themselves some satoshis if that's so important for people.

tabas

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Quote from: lossy on December 14, 2017, 02:17:01 PM

I think it's just norml almost all btc wallet raise transaction fees together with pump of bitcoins but it really disturbing issue.

It's now normal for all wallets to have higher fees since the price is increasing so it is also affected. But before xapo is charging high fees even there's no congestion or any problem regarding the transactions. I don't use them anymore but one sure thing that they still charge higher fees now.

lossy

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Quote from: FasTroy on June 08, 2017, 09:43:57 AM

Why xapo transaction fees are too high? The current standard fee is around 0.00222938 BTC which it mean 6$. https://in.xapo.com/fees/
I don't know why it's too high like that. because according to https://bitcoinfees.21.co/
We can see: The fastest and cheapest transaction fee is currently 400 satoshis/byte, which it mean 90,400 satoshis.

I think it's just norml almost all btc wallet raise transaction fees together with pump of bitcoins but it really disturbing issue.

dustboy

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Quote from: qubix on December 13, 2017, 10:13:16 PM

I just tried to send 0.00675585 BTC from XAPO over to some other wallet and they really want 0.00227715 BTC as a fee... wtf, that's a third!?!

Which priority you take for this 0.0022xxx fee? Afaik there are two options on xapo that you can choose to send your transaction (standard and high). If it is the high priority then I think it is normal as most online wallet will ask around that amount for the transaction fee. I just tried to send my btc from mycelium wallet with high priority and it charges me 0.001btc for the fee but it charges 80k satoshi if I choose the normal/standard priority.
I think you should stop using xapo and move to other wallet.

solarion

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Quote from: Hamaber on December 14, 2017, 06:56:29 AM

Quote from: qubix on December 13, 2017, 10:13:16 PM

I just tried to send 0.00675585 BTC from XAPO over to some other wallet and they really want 0.00227715 BTC as a fee... wtf, that's a third!?!

Yes these are really high prices. Now you have only one chance that if you want to not to pay that much price in fees then wait for a time when the fees come to lower value.

Not only xapo you will find the fees as high price in every online wallet. That is the situation now and in blockchain wallet we finds the wallet fees is around 20 USD for each transaction.
You do not need to maintain your fund in the same wallet for long time instead of that you can transfer it desktop wallet or import the private key to the wallet to reduce the fees another transaction in these wallets.

Hamaber

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Quote from: qubix on December 13, 2017, 10:13:16 PM

I just tried to send 0.00675585 BTC from XAPO over to some other wallet and they really want 0.00227715 BTC as a fee... wtf, that's a third!?!

Yes these are really high prices. Now you have only one chance that if you want to not to pay that much price in fees then wait for a time when the fees come to lower value.

qubix

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I just tried to send 0.00675585 BTC from XAPO over to some other wallet and they really want 0.00227715 BTC as a fee... wtf, that's a third!?!

terrific

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Quote from: katinko on October 15, 2017, 09:03:01 PM

Before xapo is one of the best wallet for me, i love this wallet before because it is very easy to used and the confirmation is very fast, and i do not experience any problem on this wallet, but when the transaction fee is continuous increasing all things getting worst for me and i stop it already because my earnings cut down due to transaction fee. Now i am looking for other wallet as alternative to received income to my other earning method.

It surely was the best web wallet for me either, they are shouldering the fees so we are enjoying the free service coming from them. But everything has changed very quick, I never had any single problem with them too but we have to accept that they has the most fees right now. Blockchain.info is even cheaper today so most of us shift to it already, there's no other wallet that are cheaper with blockchain.info when it comes to the miners fee. If someone knows that has lower fee or has a fee lower than 0.00001-0.0001 BTC let us know.

carlfebz2

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Quote from: wuvdoll on October 18, 2017, 05:57:58 AM

Quote from: katinko on October 15, 2017, 09:03:01 PM

Before xapo is one of the best wallet for me, i love this wallet before because it is very easy to used and the confirmation is very fast, and i do not experience any problem on this wallet, but when the transaction fee is continuous increasing all things getting worst for me and i stop it already because my earnings cut down due to transaction fee. Now i am looking for other wallet as alternative to received income to my other earning method.

It really was, they started out nice and all of a sudden they just lost it. And I can't really say the same any more. If you are looking for a very good wallet, I will advise you just move straight to a desktop wallet like exodus or electrum as they are decentralized.

However for online wallets, bolckchain.info really do have a good reputation. Now they provide 2 options for setting fees for out going tx. I choose "normal fee" (another one is high priority fee) most of the time and getting confirmations within 1 to 2 hours.

This is what I like on those lite wallets like electrum because you can set out a particular fee which would really suits you in depending on the situation on how fast you would like to be confirmed on such transactions. Coinbase and xapo now do really charged way too high and cant really be changed at all which if you do make micro transactions then you would really feel the pain on sending because fees are way too high.

wuvdoll

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Quote from: katinko on October 15, 2017, 09:03:01 PM

Before xapo is one of the best wallet for me, i love this wallet before because it is very easy to used and the confirmation is very fast, and i do not experience any problem on this wallet, but when the transaction fee is continuous increasing all things getting worst for me and i stop it already because my earnings cut down due to transaction fee. Now i am looking for other wallet as alternative to received income to my other earning method.

It really was, they started out nice and all of a sudden they just lost it. And I can't really say the same any more. If you are looking for a very good wallet, I will advise you just move straight to a desktop wallet like exodus or electrum as they are decentralized.

However for online wallets, bolckchain.info really do have a good reputation. Now they provide 2 options for setting fees for out going tx. I choose "normal fee" (another one is high priority fee) most of the time and getting confirmations within 1 to 2 hours.

katinko

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Before xapo is one of the best wallet for me, i love this wallet before because it is very easy to used and the confirmation is very fast, and i do not experience any problem on this wallet, but when the transaction fee is continuous increasing all things getting worst for me and i stop it already because my earnings cut down due to transaction fee. Now i am looking for other wallet as alternative to received income to my other earning method.

FireXX

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Before proceeding WARNING to all : Avoid Xapo and Coinbase , they take over 200k satoshi to withdraw 350k satoshi
yes xapo fees is very high here is image of these high fees i do not recommend xapo and coinbase due to over high fees the standard fees is over 124000 satoshi which may be collected during a full year i think the industry of bitcoin my be affected by these over high fees and people who want
to make some extra money well neglect bitcoin forever , please if someone have a solution to this untolerated higher fees to withdraw bitcoins
from any wallets
mage for withdrawal fees from xapo

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