The best part or feature whatever I find in BTC is they allow making transactions with very cheap of cost. So yes my experience with BTC transactions is also positive so far.
Topic: Your Experience with Bitcoin Fees? - page 2. (Read 615 times)
I am newbie in the field of cryptocurrencies. I have started using BTC very recently and fortunately my experience is quite good with BTC transaction fees as I didn’t yet face any hassle.
In my view, there are several thing that affect the fees, It depends on what app or website do you use, and also how many transaction in the blockchain, there are several app/website that we cannot change the fees, they set it automatically, but there are also the other app that we can change the fee manually such as Blockchain.com. But when there are so many transaction in the blockchain, you should pay more fees to make your transaction confirmed fast.
Whenever I transfer money between exchanges I use Litecoin, it's available on any exchange and the fees where always very low the same with transaction speed. But good that Bitcoin is improving.
in the bull run last time the fee to send some btc was 18€ busy network and it took some time to get deliverd. it has improved a lot also importants of fee from a personal lvl depend on how much you have. if you have 100€ 15€ fee is a lot if you have more .... its all perspective imo
Well I think the transaction fee is very low and I think everyone will agree with me. I think the transfer is also faster than before.
Withdrawing bitcoin is the best thing to do but it comes with fees. And i think These fees are reasonable. Withdrawing huge amount of bitcoin then just paying 10000 satoshi is not a big deal. Market needs these fees for them to continue working and upgrading the system.
Here is another important reason for the rise in bitcoin transaction fees;
Most miners prefer confirming transactions with higher fees. This has created a massive market of more incentives to miners, and thus users increase the fee they pay for a particular transaction hoping to get their transactions confirmed quickly.
Most miners prefer confirming transactions with higher fees. This has created a massive market of more incentives to miners, and thus users increase the fee they pay for a particular transaction hoping to get their transactions confirmed quickly.
On bitcoin transactions I haven't faced any big issue with the transaction fee. In the withdrawal process experienced a big problem with the fee which I never expected. Exchanges have got a same fee for one bitcoin as well for 0.001btc withdrawal which is good for the large scale traders who withdraw quite often.
Yes it seems very cheap. If have experienced a transaction with a fee of $0.05 cents then the transactions are very much easier. Usually I found the transaction cost is $1 per transaction of bitcoin but you seem to be a lucky one.
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.
Good for you! You paid cheaper for a faster transaction fees. The transaction fees nowadays are really cheaper compare to the transaction fees of last quarter last year. I even paid more than $40 for a transaction. It is because Bitcoin is being better.
Actually the fees are not high in fact it is very meager but at the same time you are getting the advantages of processing transaction at a fast speed. Rationally these fees are enough if we consider the speed of processing transaction.
It always feel good when transactions are confirmed within a short time especially with a minimal cost of transaction. The fees in transactions varies depending on the speed you want your transactions to be confirmed on the blockchain network.
Currently fee transaction of bitcoin is still cheaper. I may have been paying a fee of up to $ 5 and priority until I got $ 15 several month ago maybe because the prices and daily transactions that occur in the market that affect the transaction fee. that is pretty normal i guess.
It is right that the fees in the bitcoin are really low but we have nothing to do. While the transaction fees are low, the transaction speed is very fast which an advantage is for the people. So try to process huge transaction to earn good amount of money. Low fees are compensated by the fast speed.
I only see fees when transferring bitcoins from exchanges to a different location. However if I want to purchase Bitcoins there are exchanges such as Coinbase Pro that will enable me buy them without any fees.That being said not everyone can take advantage of this opportunity. I get hit with BTC fees especially when using any of the main cryptocurrency exchanges.
recently, i've been paying 1 sat/byte for non-urgent transactions and something like 2-5 sat/byte where i need next block confirmation. fees are pretty cheap right now.
i see that no one has mentioned this tool for estimating fees: https://jochen-hoenicke.de/queue/#0,24h
it's the most accurate tool i've found for comparing mempool transactions by fee rate. it blows earn.com out of the water. and visually, it's really easy to use.
According to https://bitcoinfees.earn.com/ I should have paid 4 satoshis per byte, amounting to 0.04 cents.
i see that no one has mentioned this tool for estimating fees: https://jochen-hoenicke.de/queue/#0,24h
it's the most accurate tool i've found for comparing mempool transactions by fee rate. it blows earn.com out of the water. and visually, it's really easy to use.
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.
Actual bitcoin transfer rates are too high, transaction time is slow. I find it obsolete and there are too many better altcoins like XLM, XRP
you can make a new coin that has 1 mili second blocks and has no fees then say your coin is better than bitcoin but it won't make it so! it will still be a shitcoin that nobody uses so you can make any claim you want
as for centralized coins like XRP you should compare them with their counterparts such as PayPal, in comparison XRP is extremely risky, very slow and has huge fees.
Actual bitcoin transfer rates are too high, transaction time is slow. I find it obsolete and there are too many better altcoins like XLM, XRP
It's the best joke of the week. If you think it's currently too high and obsolete as you say, then go back to use Paypal. You will then understand what is a high fee to receive and to send money using it. If it was back in December perhaps you were saying it costs a fortune so...
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