Topic: Your Experience with Bitcoin Fees? (Read 615 times)
it's very low than i expected
Hi guys. Join millions of people around the world who makes 50% monthly or 25% in 2 weeks profit by donating BTC to one another. ...
Do I look high too you?
A profit from donating money to each other? That is the weakest attempt to scam I have seen a while.
Back to the topic. I use BTC all the time. My last purchase was last night and I paid about $0.06 to spend about $150.00 The people who talk about how bitcoin costs so much are people who do not use bitcoin.
This is by far the most revealing scam I have seen in my whole life. hahaha
Bitcoin really decreased in transaction fees nowadays maybe it is also because users of bitcoin/the network decreased?
I just did a transaction where I paid 1 cent in fees and it confirmed on the next block. Not only that but the next block came within half a minute of me doing my transaction.
The whole thing was almost implausibly good.
Generally, I always worry about fees but they never amounted to much in my experience of bitcoin. I don't do anything special. I use the latest stable version of bitcoin core and let it calculate the fees for me, I just use default settings.
According to bitinfocharts the average is $1, but my transaction of 160 something bytes only took 0.01 cents.
According to https://bitcoinfees.earn.com/ I should have paid 4 satoshis per byte, amounting to 0.04 cents.
The whole thing was almost implausibly good.
Generally, I always worry about fees but they never amounted to much in my experience of bitcoin. I don't do anything special. I use the latest stable version of bitcoin core and let it calculate the fees for me, I just use default settings.
According to bitinfocharts the average is $1, but my transaction of 160 something bytes only took 0.01 cents.
According to https://bitcoinfees.earn.com/ I should have paid 4 satoshis per byte, amounting to 0.04 cents.
Bitcoin fee is indeed quite high, but i think it is because the price of bitcoin is already high.
The other altcoins are indeed have a cheaper fee, for example Litecoin. It have very cheap transaction fee.
My first bitcoin fees experience was too bad,like high,but now bitcoin transaction fees is actually moderate and favourable now..
Based my experience bitcoin fees has improved a lot especially if we compare with bitcoin fees in the end of last year, last year bitcoin fees ever reach 30-40$ eventhough your just send 50$ in btc, may be the price also influence bitcoin fees. When bitcoin price reach highest value, bitcoin fees also increase significantly.
Well i could not forget those bitter days particularly during last Christmas if I'm not wrong,i had to pay a terribly high fee for getting my transactions confirmed as thousands of unconfirmed transactions got marched due to more miners switching to mine Bcash.That was actually a double side attack on bitcoin by switching miners to mine Bcash instead of bitcoin and at the same time vigorously pumping Bcash by roger ver and his team to show Bcash as the true bitcoin.But now thanks to segwit activation,all things have become surprisingly normal.
I remember the time of terrible fees too and at that moment I thought this will never end and probably get even worse. And for each transaction I was worried if and when it will be confirmed. That was one of the bigest issues Bitcoin had and a nightmare for users.
Fortunately this came to the end and now we have to admit that fees are quite reasonable, transactions are confirmed quickly and the number of unconfirmed transactions is realy small.
Well i could not forget those bitter days particularly during last Christmas if I'm not wrong,i had to pay a terribly high fee for getting my transactions confirmed as thousands of unconfirmed transactions got marched due to more miners switching to mine Bcash.That was actually a double side attack on bitcoin by switching miners to mine Bcash instead of bitcoin and at the same time vigorously pumping Bcash by roger ver and his team to show Bcash as the true bitcoin.But now thanks to segwit activation,all things have become surprisingly normal.
I made a small purchase today and I paid $0.55 in fees and it confirmed within a couple of minutes. I was lazy, so I used
the highest default fee in Electrum. I used a lower fee for many other tx's and all of them confirmed, so I guess even the fees
on the Legacy Bitcoin addresses are cheap and fast these days. {I had some leftover coins in that address and I paid for
something at a local retailer and it was still a good experience}
the highest default fee in Electrum. I used a lower fee for many other tx's and all of them confirmed, so I guess even the fees
on the Legacy Bitcoin addresses are cheap and fast these days.
{I had some leftover coins in that address and I paid forsomething at a local retailer and it was still a good experience}
Low transaction fees are one of Bitcoin's strengths. Bitcoin transactions are quick, easy, convenient, and low transaction costs. That makes it go beyond traditional trading, and everyone wants to turn the traditional way into virtual currency trading to save money.
The fees are un 0.0005 btc in Binance
So far, I had a great experience with bitcoin fees.I find it convenient and efficient.If you have digital wallet with bitcoins, you will just click it and instantly you can pay and transact.
I'am not have an experience to bitcoin fees but based to some news that I heard and read bitcoin fees is not good at all because it was lower than before and faster than before. That's why many users are making decision that they hold their coins until it go bad to the old price.
I just did a transaction where I paid 1 cent in fees and it confirmed on the next block. Not only that but the next block came within half a minute of me doing my transaction.
The whole thing was almost implausibly good.
Generally, I always worry about fees but they never amounted to much in my experience of bitcoin. I don't do anything special. I use the latest stable version of bitcoin core and let it calculate the fees for me, I just use default settings.
According to bitinfocharts the average is $1, but my transaction of 160 something bytes only took 0.01 cents.
According to https://bitcoinfees.earn.com/ I should have paid 4 satoshis per byte, amounting to 0.04 cents.
The whole thing was almost implausibly good.
Generally, I always worry about fees but they never amounted to much in my experience of bitcoin. I don't do anything special. I use the latest stable version of bitcoin core and let it calculate the fees for me, I just use default settings.
According to bitinfocharts the average is $1, but my transaction of 160 something bytes only took 0.01 cents.
According to https://bitcoinfees.earn.com/ I should have paid 4 satoshis per byte, amounting to 0.04 cents.
I have been doing a few transactions myself, and I use Electrum wallet, and I never bother to set up fees as it selects the lowest fees always. A few days back I was paying slightly higher fees, and these days it's barely few satoshis, but transaction confirmation is taking longer than a day. It's good to see the blocks are being mined so quickly, and confirmations are happening so fast, I'll test again soon and post how long it took.
I don't have enough experience about bitcoin. maybe you want to share your experience
From my experience the fee and the network condition right now is really good, if you already in crypto last year then you'll remember when the network is clogged and the transaction fee is really expensive especially when the price of bitcoin rise a lot. Right now it's clearly much better but we won't know if the they spammed the network again.
I just did a transaction where I paid 1 cent in fees and it confirmed on the next block. Not only that but the next block came within half a minute of me doing my transaction.
The whole thing was almost implausibly good.
Generally, I always worry about fees but they never amounted to much in my experience of bitcoin. I don't do anything special. I use the latest stable version of bitcoin core and let it calculate the fees for me, I just use default settings.
According to bitinfocharts the average is $1, but my transaction of 160 something bytes only took 0.01 cents.
According to https://bitcoinfees.earn.com/ I should have paid 4 satoshis per byte, amounting to 0.04 cents.
We all know that all the crypto currencies available in the market are the decentralised one and thus the same implies for bitcoin also , as bitcoin is a decentralised crypto currency, there is no such proper authentic regulating body over the bitcoin and thus there is improper trading is going with bitcoin as there is no one to regulate the every minor thing of bitcoin like bitcoin transactions and then comes the bitcoin fee , thus leading to illegal use and decrease in number of investors and for this centralised of bitcoin is the only solution. The whole thing was almost implausibly good.
Generally, I always worry about fees but they never amounted to much in my experience of bitcoin. I don't do anything special. I use the latest stable version of bitcoin core and let it calculate the fees for me, I just use default settings.
According to bitinfocharts the average is $1, but my transaction of 160 something bytes only took 0.01 cents.
According to https://bitcoinfees.earn.com/ I should have paid 4 satoshis per byte, amounting to 0.04 cents.
hello everyone,
also thought currently about bitcoin fees - as I am (like you actually) no fan of fees in general, I first was very skeptical (well, fee is fee, right??) bout a guy from my university started to talk about bitcoin fees lately and there we go.
he also said how cheap and how fast a bitcoin would be and so I did some research... you can't compare a crypto fee to a 'standard' fee... but well my colleague was right, its really cheap and really fast... really interesting... have a nice weekend, Alex. 
also thought currently about bitcoin fees - as I am (like you actually) no fan of fees in general, I first was very skeptical (well, fee is fee, right??) bout a guy from my university started to talk about bitcoin fees lately and there we go.
he also said how cheap and how fast a bitcoin would be and so I did some research... you can't compare a crypto fee to a 'standard' fee... but well my colleague was right, its really cheap and really fast... really interesting... have a nice weekend, Alex.
I never had any problems with fees. People who were complaining when the fees got bottlenecked were overpaying because they tried to fit into first 1-2 blocks and since there were so many people willing to transact they were fighting for spots. It was dumb and I actually made things harder for everyone else because instead of waiting in line people were pushing the fees into ridiculous levels like $100 for a transaction.
The bitcoin fee is very low. People can easily transfer currency from here. It charge only .0005 btc per transaction. I think it’s the lower among others one. It’s the lowest and safest process of transaction.
My bitcoin fees experience is quietly alright. Nothing to be mad.I withdraw my balance bitcoin and a almost a right fee was deducted to my balance and its fine.I withdraw my btc successfully.I pay a bitcoin fee and I get much.
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