Bitcoin Forum

This poll came as an idea from a news post: Almost $1 Billion Worth of Bitcoins Stuck in Transaction Backlog - link here: https://bitcointalk.org/index.php?topic=1777803.0

How much are you willing to pay on daily basis in fees for a Bitcoin transaction that is cleared within 10 minutes? (1 block)

I hid the poll results until you voted so it's not biased - I'm really curious about this one - I ruled out "free" as I don't think it's possible anymore - no matter how big the block size is. Also I don't think anyone is willing to accept fees over $10 - it will be more expensive than the bank fees, so I made it 10+ USD.

Please vote and explain below why you voted the way you voted.

Thank you.

It depends on how much the transaction is for.  I'm OK with giving $1.00 if what I'm sending is a few hundred dollars.  If it's something like signature campaign earnings, I'd be willing to pay a few cents at most.  Maybe a dime or so.  I like wallets that let you adjust the fees.  The blockchain.info wallet sucks ass for just that reason, though I forget what they're charging for a fee.

Well I edited the post and added words "on daily basis" so let's say you pay all your bills and you get all your income in BTC - how much do you think the fee should be?

I posted as absolute maximum $1 - I don't think there are many items out there that are $5 in value and need confirmation within 10 minutes, maybe I can wait for this to confirm for an hour...

Nothing more than 0.01 BTC; people should stop the monetization of Bitcoin transactions because the enticing factor that drew some of us into Bitcoin is the low transaction fees but it seems the trend is Changing and its worrying.

iam use sending fee 60k satoshi/1Mb, ussualy very fast confirmation my transaction
but if sending low bitoin iam use low too if sending fee

I was voting for 0.001 because to prevent my transaction had become deprioritized in the bitcoin network and can get stuck everytime.  and i put a lot of the fees to prevent it and it's make me feeling convenience for my transaction will be running for fast.

Well for me i don't care about the price even i pay 10% of the amount that i will send to someone as long as it is fast so that the person who will going to receive the money will get satisfy for my fast service.

I can do money transfers using my online banking account for free and in an instant for as long as they are within the same bank. But this will soon change as my bank has a new policy where they would start charging even bank to bank online fund transfers. With bitcoin, anything that doesn’t cost over a dollar for transactions below $100 for me is fair, just as long as the transaction speed is almost instant or faster than they currently are. Fees should also be bracketed according to amounts to be transferred, but shouldn’t be too high so as not to turn off potential users who would otherwise just use the money transfer services elsewhere.

I do not think it is difficult to pay high fee if the amount that we will also send a large, and also based on the level of importance as well if that transaction was very important to get immediate confirmation so the solution had to pay a high or normal fee, but if the transaction can wait or not so important then the lower fee is not a problem, use wallet that we can adjust the fee will more helpful.

Yes that's exactly what I thought - it should be under $1 once you get over it most people would probably reject it straightaway.

using fiat is free, at least in my country with our banking system it is. if i want to tranfer money from one bank to another i can do it for free with no fee. if i want to do it from my card it will cost me a fixed fee of about $0.1

with that said, if i want to treat bitcoin as a currency i wouldn't want to pay anything more than 0.01-0.1 dollar for transactions.

In my opinion the amount of transactions should be 0.01$ ( I mean it should be fix ).
Here I am saying it because we are seeing that day by day problem of unconfirmed transaction coming more . But we should take idea in our mind that the number of transactions taking place in bitcoin networks is about unlimited and very hard to calculate the accurate number of transaction .
So here bitcoin transaction system making unlimited money .
So here the transaction charge should be vary from .001$ to 1$ according to the amount of bitcoin transaction .
But here the problem of transactions should somewhat needed to modify because 2 days before I faced a big problem of  Transaction of 0.012 btc with 0.0009btc transaction. charge which is not less .

I am ready to pay 1 USD on my bitcoin transaction, every day i am doing many transaction with bitcoin so it might not be a problem to me, even i will more because it is giving more profit, so it is not a problem for even 2 to 3 usd per transaction.

Yes that's what i thought - the "typical" rate should be between $0.01 - $0.1 while the $1 should be really as a very maximum.

it doesn't make sense to have a not fixed fee because the miners will earn more as bitcoin will be higher in value, the old 10k satoshi as average was fine

paying more means that in the future when bitcoin will be higher you will going to pay a fortune just to send a low amount of money

actually the more bitcoin go high the less(in satoshi) the fee should be

Too bad blockchain doesn't work like that and we can't have fees based of amount of money we are sending.
But I agree with this idea, seems reasonable, I was bothered many times when I was sending ~$10 transaction with half dollar fee.
Just because there were 2 outputs more than usual. I think fees should be variable and depend on bitcoin price - higher bitcoin price - lower the fees.

Actually banks also have the fees based on the amounts transferred. Over 2k EUR (I think it's 2k, but I am not 100% certain of the amount) the fee is bigger.
However, back to the question: since the only cases until now I needed transactions to actually happen fast were when I bought something with Bitcoin (2 cases until now), even (slightly) over 1$ is acceptable for me, since the transfer rate from Bitcoin to my local currency is awful anyway, so I know I lose some money there.
So maybe a maximum of 2$ is "okay", but clearly not more than that.

Also keep in mind that if the fee rises, some will just decide to postpone transactions or put them together to optimize the fees.

To be honest for me it depends on the emergency of the transaction if I am in a position where I can postpone the transaction after such ''unconfirmed transactions' scene then I would not pay any fee at all during that period and will do the transaction when things will get back to normal. However, I would pay fee up to $5 in the case of urgency.

Nothing-zero why would I want to pay anything since miners are getting 12.5BTC already by doing the works required to transact? let them not include your tx and this slowly will result in distrust of the network.
I think the protocol has a flaw where it allows miners to decide which tx to pick disregarding the legitimacy of the transaction whether it's a spam or an honest one which they could determine by considering the amount of transaction and not the size.
Meaning miners should be able to charge higher fees for transactions with bigger amounts.
Problem is in the system where it only checks the size of the data and doesn't care if it's actually money and if it is how much.

I am willing to pay a dollar  ;D. I dont do big volumes of bitcoins but 1 USD is all I can provide. I would rather wait than almost all my profit will be turned. Maybe if I will be transacting large amounts then I will be willing to pay above that considering they will do it faster.

I would be ready to give upto 0.001 btc for my transaction. If still issue of long time taken for transaction is not solved and transaction fees still increases more,then it will be a serious issue and a big block in the progress of bitcoin.It seems that if we need to transform our bitcoin into cash today, then we have to start transforming bitcoin yesterday itself.Low transaction fee would only be seen in past history i think so.

I don't pay any fees when sending money to account in the same bank as I have and the transaction is instant. If the account is in different bank, it takes one business day (still zero fee)

According to that, I'm willing to pay $0.1 for standart transactions and $1 when I really need confirmation in next block

Lowest fee would be the best choice and all people do really love the low fees regarding on bitcoin transfer but as of now there are some options on using fees its either high amount or average or dont have fees at all and these amounts does affect confirmation times.I hope in the future fees would be still low.

Fees always should be based on the amount we are sending out. Still if the minimum amount is lesser than 10 cents means more cheaper and convenient to use for day today life needs.
But bitcoins works in different way, fees are determined by size of transactions and willingness of miners. So,  we can not expect cheaper tx fees without considering how it works.

For me, it depends on the importance of the transaction. If it's an important one, i'm willing to pay higher fee as long as the transactions can be confirmed immediately.0,1$ seems like an okay amount for normal transaction fee. Personally i would pay fee up to $1, i wouldn't want to pay more than that.

I can afford maximum $1 too, but still based on how much bitcoin in a transaction as blockchain always treat it like that.
Big amount of bitcoin mean big fees and vice versa. People will leave bitcoin if the fees of each transaction will ever more than $1 as it consider pretty high compare to other currencies, and people will think that better to use cash in daily basis and bitcoin only for send-receive it over the country.

I never prefer paying higher fees. 10k satoshi as fees within my affordable limit. But I am getting forced to set fees around 40k to 60k for higher priorities. I do check fees trends on blocktrail and based on that I do set fees.

It is still possible to transact Bitcoins free of cost from web wallets like Coinbase. Such wallets collect several transactions and put them in single band two cover fees on their own.
However, I vote for $0.1. The idea of $0.1 or 0.0001 BTC is not Utopia. Its still pertaining. However if it becomes widely acceptable and people stop their willingness to pay more to miners then everyone may able to grab the benefit of desire transaction time ~10 minutes.  8)

From the point of view of 10 minutes interval for every transaction, I would be willing to part with $0.1, other than that, $0.01 is simply the best and that is what is inline with the whole ideology of Bitcoin - very cheaper transaction fee. The miners should be made to realize that they're in the business of mining not to recoup their investments with just one transaction. As with all properly businesses, profits definitely shows up in the long run. The high fees and now the preferential processing it has introduce, is a spoiler for Bitcoin and should be addressed before it takes us backward.

For me it depends on the amount of bitcoins I will transact if it is a high amount like more than 0.02 then I will not care for the amount of fees and  will prefer for 0.0004 or more as are suggestible by blockchain automatically but if it is smaller amount for recharging my mobile then I will like to use xapo without fees transaction.

Paypal charges 1.9% but for that you get buyer insurance.  That is obviously much more than I would be willing to spend.
I would say 0.1% would be a fair price, so 1c to send $10 or 1mBTC per BTC sent.

It kind of depends though, when I send Bitcoin from one wallet to another, I basically want to do it for free. When I send it to someone else or an exchange or I buy something, I am happy to pay 0.1% as mentioned above.

I voted 10 cents since there are many small 0.001 transactions, but basically I would be willing to pay 1% per transaction.

What attracted me into bitcoin is the ease of use and the low transaction fees and the control i have over my money but with time the minimum transaction fees is increasing if you are planning to send coins and if it goes like this there will be a time when the transaction price increases above a certain percentage of the coins sent.I would send the minimum fees as i will be making many micro transactions.

while using blockchain I usually go with the by default fee which is automatically set as 15K to 30K. I had no issue in the transaction time. usually it confirms in 20 minutes.

and one more thing Xapo have the free of cost service for other xapo wallets.

It really should not be more than a couple of cents, so $0.10 is more then enough.

The current fees are ridiculous.

I voted for 0.1 USD and I can see 13 more people voted for the same with 50% votes for this option. I feel that it should be max 1-2% of the transaction amount and not more than that (irrespective of whether it's a 0.01 BTC transaction or 0.0001 BTC transaction). The fee should be as per the transaction amount in BTC/USD which is not the case with BTC as here we need to pay as per the bytes and not the amount of BTC we are sending. Also, no matter if we set a big fee of 0.001 for a 0.01 transaction, it won't get confirmed in 10 minutes. It takes minimum 30 minutes.

Using bitcoin I expect to pay the lowest possible fee that is profitable. That amount will vary based on how fast I need confirmation, the backlog of Tx's, the cost of mining, etc. This is how the bitcoin system works. Miners compete to accept fees when it is profitable and reject offers that are too low. 

For a bigger transaction maybe i am willing to paid more than 1$, but for 10$ maybe i will satisfied to pay 0.1$, but it depends on the importance of the transaction, if it is an important transaction that need to be confirms immediately i am willing to pay more than 5$

It depends a lot on the amount sent. If it is a high-value transaction, I am willing to pay a higher fee, if it is a low amount, it will be better to use an altcoin. Of course, this is for quick confirmation, we do not always need it to be fast so we can wait.

I am willing to pay at least 1% of the total amount involved. I think it should be that way so that sending money thru bitcoin will always be cheaper than using other services like money transfer or western union.

Unfortunately, bitcoin fees are based on bytes not on amount. So my 1% on amount will not be practical to be used as base for good transaction fees.

yes it depends on the amount and of course the service. If the transaction service is too good anyone will agree to pay more than average fee on other sites. And I think the highest possible fee should be 3-4% of the amount of transaction. And yes they can charge more with the agreement of user for providing more facilities.

in my opinion paying higher fees at this point means paying miners extra money, more than they deserve. right now they are earning $12,875 for each block they mine and some of them mine quite a lot of them. they can easily increase the block size and get the same total fees they get now and even more but users will be more satisfied.

to answer your question i wouldn't be willing to pay fees higher than $0.1 (of course that is for regular size transactions not a big tx size).

maybe someday that block reward wasn't as high, and block size was big and miners really needed the fees i pay, i would be ok with paying higher fees.

I think it is really annoying to send transaction and not confirmed, I am willing to pay less than $0.1  since the function and objective of Bitcoin is to have a low fee transaction.  If in the future this ideal is not practice, I think I will shift to a lesser coin if there is any that is accepted in store just like Bitcoin.

I think for me $1 in bitcoin is enough for me but depends if how much i am sending the amount..
Below $0.10 is to much for every day transaction since the fee is for miners how those miners can stay profitable if the senders are just paying small amount of fee for every transaction..
So Paying fee $1 or more depends if i am sending large amount of bitcoin its ok for me.. and the speed of the transaction should fast.. since we are paying large amount of fee.. unlike other people even they are sending large amount of bitcoin they are just fixed paying 10k sat..
That can turn the transaction slow..

It would depend to how much I am sending. If i just send $5 worth of BTC, I wouldn't want to pay $1 for its transaction to be confirmed as quick as possible. But I will set it to $0.20 or SMS fee. But i'm gonna send about $100 and more, I could also set it to $1 or maybe even $5, will miners ever chose which transaction to process? If all are gonna set their fee to $0.10 are they going to stop mining?


Exactly what I'm saying. There are wallets however that whenever we send BTC we aren't able to set up the fee.

It depends on the size of transaction. If I were forced to pay $1 for every single transaction, including buying a pack of gum or smokes, I'd stop using Bitcoin for small transactions and I think many people would choose to do the same. Paying $1 for a $2 transaction is crazy.
I would be willing to pay $5 for a $1000 transaction, but the standard fee should be smaller than 50c.

I think they will not stop using bitcoin instead those who are using blockchain.info and desktop wallets or any apps that asking for fee for every transaction they will transfer to coinbase instead to get the free fee.. for every transaction..
For me is enough if the transaction is 0.01btc we can pay for 10 cents is enough since before bitcoin is very cheap transaction fee.. unlike right now..

Even if would have somehow that 1% fee rate deducted from total amount sent, it would be only feasible solution for small transaction.
Sending large sum of money would be pain in the ass. Bitcoin would be no different that standard payment processors and remittance solutions.
Bitcoin was never planned as a payment method best suited for microtransactions, small flat fees is what we need.

You're paying to receive fiat. That's where all of their expenses go. If you want fiat from Bitcoin then you have to dick around with exchanges or meeting strange men in cafes and receiving cash. With WU you pay them all that money to appear at an office halfway around the world with a code and walk out with the cash.

None of my Bitcoin movements are particularly vital but there is a stage where I'll stop using it for anything other than parking value. Anything consistently above 50c would end my spending habits.

i guess that $0.1 is fair, rigth now for small tx the recommended fee are almost higher than tx itself, and tx with small fee take too much for confirmations, assuming than tx fee will get higher(that it will, due to block rewards wont be the main income of miner in future) there must be taken actions to regulate this

the way bitcoin works, it can never be based on a percentage of the money you send. that is a fiat world way of thinking. and those services involved with fiat shouldn't even be doing it because there is no difference between sending $1 or $1mil for them at all. but they do it to make more money from the rich people.

and no i am not willing to do that, or pay any fees above $0.1 ever when i am using bitcoin.

Please include $0.2, because I'd like to pay that fee if I want my transaction confirmed in 10 minutes and there is no such option in your poll. I'm pretty sure I'm not the only one who wants to pay that fee. I think that $0.2 fee would be good for miners and for Bitcoin users.

I am willing to pay more than 1 USD, but my transaction should be instant. Many people will look for service because, if services are good people are ready to pay more than that also. They need instant money because some people need money very urgently, so these people will pay high amount for payments.

I wont pay any big value to make my transaction to boost i do pay the general fee that will get my transaction confirmed into the next 6 blocks, i do trade small values soo makes no sense to  raise my fee just to speed the transaction, something i can wait a bit.

Come on guys - kick in some more votes and make it at least statistically feasible at 50 votes in total ;)

How are you doing it right now? the current result for the unconfirmed transaction by blockchain already touch over 60.000 transactions and it's mean the general value will get stuck.
Is it make you feeling convenience? I don't think so.

I would pay only 0.10$ for transaction, even a big transaction. Doesn't make sense to pay high fees if one of the advantages of bitcoin is to pay low fees. We are here to make economy when dealing with money.
However I don't worry about the transaction time, I just want to have I will receive that money, in 1 or 2 days it can be, no problem at all.

For me, I seldom not to have add some fees for my transaction. This kind of additional fees can also help us earn, this little additional fees if saved we can invest it. This maybe our porfit or capital for us to invest, or to have trades. Bitcoin transations must not implement some transactional or additional fees.

It's hard to say, as the bitcoin fees are based on the network and is in the form of bitcoins too. So, we can't really do anything about the price of fees because it is ultimately tied to fiat currency. But if I could set a fixed rate per transaction, I'd like it to be just $0.01 per transaction with any amount.

I would like to see bitcoin fees of $0.01. You would want bitcoin to compete with local banks in money transfer.
Transferring fiat within the country is usually free. You don't want bitcoins to get priced out.

The exchanger that I use for cashing out my bitcoins takes 3% for it's servises and I think it's just not fair. I noticed that they rised their fees from the last time when I used that site, the fee was 2%. But in the case if you cash out big amount of money the fee turns really big and I don't like it. The last time I have paid like 6$ for cashing out my money. I think the sum of transaction fees has to be fixed.

i think 0.1 is not bad already in fees considering that it would still be better and faster than the service charges used by western union and the likes. and i think these service charges are also important for the continuity of bitcoin as not everything that is free will last that long

I have selected 0.01 USD but i can also pay 0.1 USD without any hesitation because i don't do transactions everyday. I do it maybe once in a week or once in a month because i mostly spend my bitcoins on filling my mobile or trading them for cash sometimes if i need cash, other then that i don't send bitcoins anywhere.

I voted for the price of a sms the 0.1 USD fee, since I think that is fair transaction fee especially if I send a transaction of a few tens or hundreds dollars, obviously I would like the transaction to be even cheaper but I think that is a fair price.

Yeah, I too don’t want to pay a lot of fees on the transaction, because the way I see it bitcoin was meant to let us be free and get away from taxes and government control and paying fees makes me rethink that, so why bother using bitcoin if you are going to pay taxes, you are better off using real money.

Hopefully we are going to have a new era with bitcoins prices around $2000 and tx fees around 10k satoshi, then it woudl be really worth using bitcoin payment system instead of any others.

I do move my bitcoin about far less these days due to fees, back when it was $0.01 i would move my paper wallets at least every couple months but now i just keep it where it is,   i would be willing to pay up to $0.50 at the minute to move it all if i felt i had to .

Well, if you're moving small amounts of bitcoin then $0.50 would really be a hard trade off, but if it is worth more than $50 then a 1% fee would be just okay. More than 1% is quite unreasonable already as we always have to pay more fees when moving it or cashing out the bitcoins and that sucks. The lesser fees the better, but if it is necessary what can we do.

I am willing to pay twenty thousand satoshi or 0.0002 bitcoins. But in reality I am paying fifty thousand satoshi or 0.0005 btc when I transfer my bitcoins. I would wish that they would just reduce it to 20k satoshi so we would not end up losing our bitcoins from just transferring it. It is becoming like the banks surcharges and it is a pain in our pocket.

I just want the fee to be way smaller than what we normally pay on money transfers. Even if we send large amount, it will still be cheaper than sending it on wire transfers. Flat fees is a good idea but I think we will have a hard time finding the right amount that will fit small and large transactions.

you use sending fee only 0.01 dollar how much size youre sending bitcoin and how much youre sending bitcoin
if size big and you only use sending fee 0.01 dollar , i think youre transaction if never confirmation

I think it should stay low so people are not discouraged from making Bitcoin transactions. The problem is that miners need to get paid. Small transactions are not worth it if the fees are too high.

The block reward pays them plenty. Its up to the users to decide whether they want to carry on once the reward is borderline negligible. I have a feeling they won't be too keen if each transaction is ten dollars plus.

At a certain point someone's going to bail, either the serious miners because it's no longer worth their while or the users who go off in search of something cheaper and less crippled.

And as is often pointed out more nimble miners will take their place, but if the users are gone they'll probably stay gone.

I'll pay 0.1$ before I call it enough. I can send 25 texts for that price, and to transfer money through Paypal or my bank is free. At some point high fees would also probably hurt mass adoption.

i think i am willing to pay the fees like under 0.001 maybe 0.0005btc-0.0009btc but if the transaction is more than 1 bitcoin, i think its fine if we pay the fee more than 0.001 because is still small bitcoin amount depending from 1 bitcoin.

but if we make a transaction for more than 3 times, then i think its fine too if the fee is about 0.0005btc or more so we should thinking before we want to spend our bitcoin.

based on the https://blockchain.info/unconfirmed-transactions and I probably will pay higher amount for my transaction if the unconfirmed transaction already over 50 k transaction and which mean the price of reliable fees is increase. and to avoid my transaction just get keep on the unpriority transaction. I always pay 0.001 for my transaction.

When you think about it even 0.1$ isn't nothing...
I know btc allows to send huge amount of money from everywhere, and that's great.
But it's still a shame that we can't use it as a daily payment means...
And you can't when you have nearly 0.3$ fees!

...

For me it all depends.  Since most of my transactions are "important", and most ought to be done in a timely manner, I am willing to pay up to BTC0.0006 - BTC0.001 when the blockchain is clogged or I have a complicated transaction.

When conditions were "normal", I usually paid BTC0.00015 or a bit more to get transactions confirmed quickly.

It's the price of doing business.

i think it mostly depends on what your transaction is for.

for example if i am just a whale investor and are holding 50+ bitcoin and trade it making profit i don't care if fee is $0.01 or $10 and i believe it is mostly what happens.

but if i want to use bitcoin as payment, lets say to buy a cup of coffee ($5) or pay for an online service then i don't want to pay more than $0.1 and the lower the better. these small fees add up to be big, and i can already use my debit card (fiat) for free when buying stuff why would i do it with bitcoin if it costs me a lot?!

I am willing to pay what is being said or recommmended as per my bitcoin wallet .why should i pay less if the transaction doesnt get s confirmed at all .i would pay a normal miner fee to make it succesful quickly.

You might want to know that as from 15th of February, 2017 transaction for amounts less than 0.00030942 BTC, would start to attract some fee.

These days, I have had to pay as much as 0.0005BTC as normal fee to have my transaction processed without much delay and they actually got processed in no time. However am concerned this preferential treat would do Bitcoin more harm than good as it might escalate to the highest bidders taking over the network.

I am willing to pay 0.0004 - 0.0006 for transactions not greater than 0.07btc if the amount would be higher,  0.8% would be a fair amount.
Western Union charge around 1% of the Principal amount so cheaper service would be better.

Really? Transaction for less than 0.0003btc has to pay fees? I knew that it was optional. Well, I am using my bank's bitcoin wallet and fee system is very different here, it doesn't matter how much I am going to send, I always have to pay fee 0.0001 btc even if I want to send 0.0001 btc or 10btc. I know that fee isn't normal for big transactions but every transaction was sent without any problem and in some hours with that fee. Is that normal and how is it happening?

it is right. most of us started using bitcoin because of low fee and other good features. but if the fee constantly continue increasing than it will surely hurt bitcoin. miners should not be that much greedy and keep the fee fair.
I remember there was a thread comparing bitcoin with westren union and paypal. and lots of people said they like bitcoin just because of lower fee.

Because the bitcoin network isn't have an high traffic, and it back to the normal condition and probably just put 30k sathosi for your transaction and it means make your transaction in the high priority.
If the network is smoothly and every transaction will running for well without any delay.

Currently the fee method is based on how many inputs or outputs are used. If you have one satoshi in each of say ten different addresses, to send this tiny amount, it will cost thousands of times more to send that the collective balances of these addresses. It's beneficial for larger transactions, and alright for the smaller ones, but not for the microtransations.

I'd say for an average transaction (1/2 inputs, 2 outputs), the fee should be around 0.0001-0.00015.

The minimum fee right now is what im willing to pay in fees for a bitcoin transaction since I don't care about how long it will take for me to receive what I have sent because I know that it will arrive later unless im on rush im willing to pay 0.0002-0.0003 BTC as fee for them to process it within an hour or under 30 mins. Im not willing to pay more than the amount I have said to get my transactions confirmed faster.

Of course. I am not going to pay any fees if my transaction is " unconfirmed transaction " too.  Paying fees is not depending on the situation. For me, it depends on how much money  will be sent but not so high as money transfer or bank.

But anyway, the most important is the fast services so many people still use bitcoin for their transactions.

I think that 0.1 USD will be a good amount. Anyway the miners are not getting most of their revenues from the tx fee. More than 90% of their revenues come from the block reward. So this is not going to matter much for them.

I'm willing to pay up to 1 usd(that's what I voted for) I think thats enough for a miners fee. I already spent fees more than 1 usd in one transaction it's only because the size of my trans. was above 1kb.

It's a complicated issue but for a transaction which has size no more of 350 byte that is with 2 inputs and 1 output I would be comfortable with 1 dime for a fast confirmation; taking into account the today's price of bitcoin. But if the transaction size increases, because of more than 2 inputs then it's fair to pay more than this amount. Thereafter, with nowadays price about 35-40 satoshis/byte is a good price for a fast network confirmation.

Miners get the transaction fee as a part. I would like to make a transaction fee of around 0.1 - 0.5 USD as its quite a good amount for faster confirmation. Because if transaction fee is placed as 1$ or more for small transactions, it looks similar to the transaction fee of banks.

I vote for max $0.1 USD fee in every transaction, I consider more than $0.1 will cause most people assume bitcoin fee too expensive if we want to spend bitcoin in daily basis, we can't expect more adopters or merchants to accept bitcoin payment on this situation.
The solution for unconfirmed transaction is increase block size instead of increase the fee for everyone.

don't know what's fee are good enough and best for the network , but i would expecting to keep the current fee around 0.0001 to 0.0002 without affecting to how fast or slow the transaction could be processed/confimed. i just wondering how if then the bitcoin price skyrocketed? i mean when 0.0001 bitcoin worth $100? would it be remain the same fee?

But every time it can get deprioritizing because of the spam transaction or the high traffic of the bitcoin network. But I think the increase of the bitcoin block can't encourage all of the transaction. with an assumption every day there are few person joining with bitcoin.

First of all if there are no transactions then miners have nothing to process in order to mine bitcoin so up to a point they'd to keep the fees low as possible like below $0.5 because lets be honest people wont tolerate higher fees if it's going to become a norm.
I selected $0.1 because I don't like to pay more.

i do not think that we have any choice in it. every exchange decide it by their self but i think there should be a proper rules and regulation for increase the transaction fee and every exchange should not have the right to increase the transaction fee by their own.

but that is bad for micro transaction, bitcoin was meant to be a very low fee payment and look we are near the limit where become super expensive more than paypal when all the spam to the network happen, for my taste i would not pay more than 0.01 cent, and should be correlated to the amount i'm sending, if micro amount, less than $1, i want to pay 0.01, if higher up to $1 and no more than that in any possible case

So you dont matter how long the transaction process will be, as long as your money come into your wallet you will wait for it? Do you really think this way? May be this is what I thought, our transaction fee will go into their wallet of course, maintenance needs some fee to so how about if all of people think that they way you think? I dont think blockchain will hold that long enough. They also need some payment to increase the capacity of the transaction that it can hold

I am willing to pay at least 1 usd same as the price of a bottled water because i believe that range of price of bitcoin to be paid is enough to have an average speed of transaction and that just neutral, not too fast and not too slow. The one only thing that i sure to that kind of fee is you will get your bitcoin at your expected time frame.

These are the usual common thing circumstances happen in the blockchain now that for every transaction everyday there is a delay confirmation in the history record. That majority of the transaction was stock into traffic because of most of it is  unconfirmed and will take an hour before it confirms. So I think 10$ for each transaction wow! that is very huge fee's that I will ever know if ever that happen. And many of the bitcoin community will get react on this matter.

But we have a choice to use the bitcoin for transaction, it is lowest fee, before bitcoin i used western Union and their charge very high, so instead of this bitcoin is best for transaction wise. But still majority of the people don't know about bitcoin transaction, that's why they are using Western Union. But whenever they know about bitcoin that definitely everyone prefer to bitcoin transaction.

for a normal transaction I think $0.1 to $1.00 is enough for the fee for a bitcoin transaction like the amount of bitcoin earned from different source that I usually sending to my personal wallet and transaction fees will only get higher depends on how much the amount of bitcoin that is going to be transacted . as a normal bitcoin earner it is not affordable for me to spend a USD with the same worth as the price of coffee or a lunch as the transaction that I usually make is not that huge .

I dont support a fixed price for transaction fee for all transfer/withdrawal, I prefer a percentage of the amount, probably between 0.1-1%. A low fee will encourage regular transaction and good percentage should initiate faster confirmation

In this situation less is better for me. Today in sum I pay like 10% for cashing out process. I am agree to pay something that not higher 1$.

...

I today just paid BTC0.00085 (approx. $0.97) for a 223 byte trx.  91,000 unconfirmeds when I did that.  It confirmed at the first new block.

Most of my transactions are "important", so I will just pay up for the next while.  But, I am almost done with moving BTC around, so I will let my BTC lay low for awhile and hope the miners & developers get their act together and fix this...

Its always depends how many BTC I will cash out. But to be honest I want it around $1 below only,if it's more than that it's too much for me and  I do not have any reason to pay fee more than $1.

Basically our web wallet that we used already had fee if you received and its not accurate on the preev.com price but when we do withdrawal of our coins or encashment we can get that for free without fee because our coins are already had fee when received from blockchain into our wallet.

I'm willing to pay a flat rate if 10 cents per transaction. I wish tgat us established and generalized for every Bitcoin transactions and it should confirm under 20 minutes. That would make the world of Bitcoin s better place and I guess everyone will embrace it.

0.1 dollar this now equal only 10k satoshi
i think sending fee only use 10k satoshi is very bad, very long time confirmation, maybe transaction uncorfirmation, is bad accident not receive bitcoin addres in youre sending

Maybe you are having problems with the connection of internet you are having thats why you're not receiving and confirming the btc add that you are sending. I am willing to abide how much is the fees charged in every wallet transaction I made as long as it made a fast transactions, I would even give 0.0007 btc as a tip if ever there is an option. However every transactions with fast network connection is probably making your transactions successfull always with a fast service.

I am generally willing to pay anything it takes if I want the transaction to be confirmed quickly but I'll never allow myself to spend up to $10 just for fees, the day fees get that high is the day I stop using bitcoin

Yes if we have fast internet our transaction will be fast and very quickly our transaction will get confirm. Now I am paying 0.0002 BTC fee for every transaction that means 0.23$. And I am happy to pay this amount because my transaction will get confirm very soon and I will not face any issues in my transaction.

In fairly common retail transactions it isn't too hard to pay up to 500 sat/byte.
It rules out buying coffee and it rules out use of Bitcoin in third world countries except for remittances, but Bitcoin was never meant to buy coffee with anyhow and third world countries can use altcoins.
Altcoins are going to have substantial market caps and value, it isn't like third world countries are left out. If anything, altcoins have more innovations packed into them, people in those countries will be better off using them than hanging on to Bitcoin, much like Africa skipped landlines era and went straight to mobile phones.

It seems you guys are a bit misguided, your local internet speed has little to nothing to do with the confirmation speed of your transaction, transaction confirmation speed has to do with the nodes available, the amount of tx's that are to be confirmed and the fee paid, the golden rule is that you have to pay more than everybody to get your transaction confirmed within the next block or two

I think for me, 1$ is enough for every transaction which I'm going to make. because if the transaction fee would become more than 0.01BTC I think that is totally shit, on which we are worst than a bank.

In general, I'd be willing to pay around 1 USD per transaction, I think that is a pretty fair amount.
I can see that this would limit the use of Bitcoin for micro-transactions, but I'm personally not using Bitcoin for that anyway and I also think that an altcoin could fill in that demand.

In situations like this one, where there's a lot of spam on the network, I usually don't mind paying a bit more (up to 3 - 4 dollars), to speed up the transaction.

Transaction fee in the blockchain was most of the time is the main problem of the bitcoin enthusiast at the present now, because the fee is so high. So regarding which amount I agreed in terms of transaction  fees.

i think there must be a reasonable price of transaction fee that people can easily bare to pay and the do not find it hard while doing small transactions.

...

Based on the recent overloaded blockchain, I have found that I am willing to pay more than before.  Especially if my transaction is "important" (and most are).

When the number of unconfirmeds at blockchain.info was running over 50,000 - 60,000 I paid about $1.50 (simple uncomplicated trx), and it took over an hour to confirm.  Watch & wait, not my idea of productive use of time.  In a trx or two later, I upped it to about $2.00, but one of them used three of my addresses as outgoing, and that one took over an hour as well.

It looks like the era of low fees is over.

The low fee era can never be expected. It's just the time that moves the variation in reference to the technology updating. If the technology running over its capacity can be solved then we can experience the fee same as the past with fast confirmation.

Well it all depends on what and how much equation of your transaction. I have voted"1 USD fee (price of a bottle of water)" which is not less and not more for a bitcoin transaction. For bitcoin to be alive it just needs more users and which it already has got. Fees are to handle the charges of blocks transmitted over the internet and believe it is boosted with the help of everyone's machine and computer. If you look at live blockchain cycle you will find there are 100+ transmission per seconds and fees as low as 1 USD would be optimum to keep it going on forever. The fee can be increased as the transaction volume increases but arithmetically with the formula 1 USD fee (price of a bottle of water). :-)

These days, I always tell myself to use at most .0004 in fees (simple:1input1output tx).
And to forego the 220-260/byte suggested.
Especially since I'm not in a hurry and could afford to wait for several hours. But,

I fail more often than not because I always end up opting to have it confirmed within minutes. [sigh]
(I guess I'd rather have the funds nice and confirmed in my account than waiting for who knows how long exactly.  :-[)

Anyway, I absolutely do not want to pay over $1 in fees for everyday transactions.

If it was a transaction worth several hundreds/thousands of dollars, then yeah, $1-$3 would be okay just so I'd have it in my hands ASAP.
(Yeah yeah it's not about the worth but the size of the transaction.  ;D [sheesh] but still.)

So, voted for .1 USD ideally, but the occasional $1 would be okay as well. ($1 is not a bottle of water. That's a 1.5 liter of Coke  ;D)

Correct. I do think that is the reason also for me to pay much.
If it is large number of money that we are talking about then I would gladly pay the right amount also for the faster transaction.
It would still be better than Moneygram services which transaction fees are getting higher once the amount you are sending are also getting up.
A dollar per $1000 is not going to hurt compare to those money transfer services.

For me it depends on the amount I will be processing if I will send 1 btc Im willing to pay $1-5 for faster confirmations, $6-10 seems to high for me its not justifiable anymore, if the amount is small like $1-5, 0.01 usd is ok.

i am agree with because if we send 1 btc then that fee is not a big deal for us and i think many bitcoin user is not problem with this. but if we send small amount and the fee is really high like ice18 mention, then i think its not worth although the bigger fee can make the transaction is fast to get confirmed.

People should understand that the bitcoin transaction fees is something that we can’t run from, not as long as the bitcoin is hard to mine and gets harder with every halving, and with the increasing number of people using it, but this doesn’t mean that I agree on the fact that fees should be increasing, even after paying fees the transactions are still slow which means it is no better that bank transfers.

Yeah, not more than 0.01BTC because if that happen, it will become worst than a bank.  But I think it won't gonna happen perhaps. But I'm okay for 0.001BTC per transaction I think that would not much hurt so badly. :-[

For me, I really dont have an input in the price to pay as the minimum to pay would have been recommended by the wallet site only if you want the transaction to take forever but most times, I used the recommended price suggested although its on the high side but safety and timeliness is key when transacting. If it becomes unbearable, I guess I will just look for alternative...

if you sending fee every sending bitcoin use 10% from cashouse is process i think is very big
example you sending one bitcoin, you use 0.1bitcoin is fee i think is very big
because basic sending fee not use precentage bitcoin sending, but use block size in system

I voted 0.1 USD or less because i believe that bitcoin's only advantage against other money transmitters is its anonymity, it's global usage(currency without borders) and also the fees are low.

If you take away the amazingly low fees, then people are just going to use Paypal.

Fee is really high right now, and for someone in a poor country like India, right now sending a transaction could set them back on lunch or breakfast. 50 cents to a dollar might not be much for us, but it is a lot for many people in other countries.

In early days,i used to pay 0.1 dollar for a transaction.It will be immediately transacted.It was a pleasant memory.But still today,if i am willing to pay only 0.1 dollars,surely my transaction would get 5 to 6 days to get completed.I dont have that much patience in this digital world.I am ready to pay 1 dollar to speed up my transaction.If the fees still exceeds this limit,i think it would not be economical.

Well said, it should depend on the amount of funds you are moving. for someone moving $5, $0.1 is high in my own views, the irony of this whole issue is that, the wasn't the case when the price was around $600, we now have BTC penetrating into some new markets especially south America and Africa. I just think the whole transaction fee issue is more political than the main scaling debate issue

Depending upon the transaction purpose as well the transaction amount I used to fix the transaction fee. For immediate transactions can go up to the maximum of 0.5$ and for big volume transactions can go up to 2$. Most of the transaction I make is for the gambling purpose so I won't be considering transaction fee a big factor.

0.1 $ for everyday transaction would be reasonable fee. I think for some higher amounts, like + 100k fee should be higher normally. I voted for 0.1 cause its not so high and its not low, but for some transactions lower then 10 dollars, maybe even 10 cents are high. At the moment I use xapo, for some transaction I wait a bit longer but its free, so I don`t complain much on that.

The minimum the better and that was one of the reasons behind bitcoin I.e less transaction fee.
If we raise bitcoin fee,we would lose half of the market. People would either switch to other crypto or Altcoin or would stick to traditional methods.

I'm ready to pay up to $0.7 for a transaction and when they ask for $2 like it was recently I think it's too much. Hopefully the situation is changing for the better, because today I was asked for as low as $0.3 and after I paid the transaction received first confirmation in 40 minutes.

$2 would really be too much and same as yours im willing to pay up $0.1-0.4 in each transaction and im willing to wait for the confirmation time depend on the network situation im ready to wait as im sure that the transferred bitcoin would definitely go into my account since im not a busy man doing online transactions on fast pace basis.

Worst than bank? I do not think that bank offer that huge, in my country it will be around 0.005 or lower so I think it will not possible that the transaction fee will cost that high. For me the transaction will be around 0.01-0.1% from your withdraw amount. This must be fair enough for everyone

Well I believe that is wrong the way we most of us are thinking when we speak about payment with bitcoin. We have stop think in dollars or euro or anything else like as any fiat money. This is not fair. We have try to think only with transaction size and if we need, really all times do we need the next block confirmation?, fast confirmation time. As you see in my signature yesterday I payed and the campaign manager payed about 5.31sat/byte and first confirmation was in less than 24 hours.

 would probably never use bitcoin every day, i see it as more of a digital gold at the 1st layer level and so moving it for a dollar is dirt cheap.  if however LN comes about then i would use it as a cash and would be willing to pay very little to move it.

0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.

Even it will go up to $0.5 still that's not going to bother me and that amount isn't that big amount at all to think about that my transaction will be confirmed for the next block. Also I will keep on following the suggested amount of blockchain.info to make sure that my transaction will be good and won't be failing.

Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.

Now we know better that irrespective of the transaction fee, the value of the bitcoin still matters. I struggle to believe a percentage of the transfer amount wont be appealing to miners compared to the fixed cost. Now none of those is being considered if segwit is considered. I just hope all settles soon and business continue as usual

Well for me even if it goes to around 0.5$ it would still be reasonable and a lot cheaper than other transactional fees. That's the good thing with btc and i think it's one of the things that will make btc one of the major transaction forms in the future

Yeah as long as I pay in cents that would be fine but we all know that it should depends on the amount of transaction or the size rather. Lets just hope that it will stay low in the future because many people will be dissappointed if the miner fees are just equal on fees the real world.


We don't know that yet because there is a excessive competition between the miners, Electricity rates are different, Mining rigs are different, number of active hours are different. The best thing is to pay based on the size of your transaction.

Let's reach a compromise at $0.01 per transaction. 50% of this amount should go to the miners, and the rest should go to the Bitcoin foundation. I think that this is the amount which is most acceptable for both the miners and the traders. Let's have a uniform fee instead of the variable fee depending on the transaction size. This will encourage more and more people to use Bitcoins, and the revenue for the miners will also rise proportionally.

I hope that 0.01$ will come true but right now it is not going to happen since the problems on bitcoin is still there. If probably BTC and BTU can be harmonized and will solved the blocksize problem on mining then 0.01$ is possible to meet. What we can do for today is just wait for the update between BTC and BTU and how it will affect the bitcoins value and if it can solve the current problems on bitcoin right now.

Paying extra fees for the transaction is optional it is not like they force you pay them in order to receive your transaction, fees are processed and received by miners, senders decide to pay predefined fee rate to make their transaction be on top of the list and be received faster otherwise it is set to default which will make your transaction slower and that is actually what miners want they want you to pay more fees so they make more money.

I totally agree with you mate... 8)

Basically for me it depends on the amount that I transact each time. If I am transacting around 0.01 bitcoins average then I would be happy to pay like 0.00025 btc which means 2-3% fees is what I would never mind paying for that.

For bigger transactions though that ranges from 1-2 bitcoins I won't be paying 2-3% also since it accounts 0.01-0.02 and hence I would be fine to pay like 0.005 btc for that big of a transaction. Really fees is becoming a issue.

The whole concept of this thread when op is using poll based on 1st world country pricing is ridiculous.
You should instead used pricing according to vast majority of poor people!
As stated by the data from worldbank.org, in 2013, 767 million people lived on less than $1.90 a day
Do you think they would be able to afford paying more than $1 cent for bitcoin transaction?

Well that is how it is, usually online things are based off the pricing and values first world countries dictate. Though, for better scaling for everybody, I think a better way to view this thread is just give a percentage kind of value. If it was in percentage I would accept a fee of no more than 1% of the transactions.

See $ 0.01 is quite a tiny amount to get your transaction confirmed. I would be willing to pay a fixed small percentage of bitcoins each transaction, like maybe 1% ( most companies like skrill, etc also apply that much fees ) but that been said people who transact really big like 10-20 bitcoins would be concerned with this. Mainly people use bitcoins because it has no fees and now fee is such a problem that we are discussing this.

Tranfers fee should be in less than 0.1%, and the percentage transfer will be more profitable than fixed amount. Most times the 0.1% can be over looked and more transaction can be done, also for those who use them in ATM card, there wont be drudgery in use

i like this idea but it's better if the 50% instead of fundation, will go to nodes that are supporting more bitcoin without a reward, i think that node should have been rewarded, they are good at dealing with sybil attack


1% is a fixed amount, because if i send a big transaction i'll pay more, a fixed amount is the same no matter what transaction i send, i think 0.01 cent or 0.1 at best is the best compromise, or in bitcoin 10k satoshi like it used to be is the best compromise

Actually high bitcoins fees would mean that useless or unwanted transactions would be minimized and that actually will help diminish cause of block size issue.  I guess there are too many unwanted transactions going on and guys if you really want to send many transactions at the same time please learn how to send multiple transactions at the same time in a single tx that really helps.

In most situations, that fee would be much higher than any other normal transaction fees.  Visa I believe charges 0.2% of the transaction plus 1 pence (UK, about 1.2 cents).  It's great if Bitcoin is used as a store of value and is used for investments - spending 1 Bitcoin or more the transaction fee would be very low.  But for any normal transactions that make up our everyday lives, the transaction fee is far too high.  The problem is how the Bitcoin fee is based on the number of bytes rather than being measured as a percentage of the transaction, meaning that small transactions are difficult.

To be honest, I have a big problem with these things. Once with in general paid more than translated, now I do not do financial translations bitcoin until I find out all the information necessary for this.

0.01 USD fee would be normal in my opinion. Lower fees are for everyone, and I would leave option +10$ fees for people who wish to make very high amount of bitcoins very fast, but generally for us normal and ordinary people lower fee is important.


This is how I see this, its better to have 10 or more transactions with 0,01 $ fee, then just one with 1 $ fee. There is no need to be greedy but this world is working on that apparently, looks like its in our veins. And even thou I wish lower fees, I think high fees will win in the end.

Well i do pay accordingly my needs, if i need the transaction  to get confirmed soon as possible i do pay a premium fee to let my transaction to be at top, if i need the money but i can wait for the transaction i send normal fees from 20k-35k satoshis accordingly market sugestions.

I think even 10k sat is enough no matter the price of bitcoin is.. because we are living in bitcoin before with small fee transaction and now slowly we are seeing the fee should increasing because if you pay small the transaction will long to receive..

Yes indeed because most of the other payment processors are like charging 5-6% fees per transaction and then the tax issues also so I believe that paying little fees is not a problem with bitcoins. The problem comes with gambling sites and exchanges where people do like 100's of transactions per day.
On a helping note, anyone who wants to save fees can use directbet's casino wallet they cover the fees.

Yes it will always be small amount to me, I just don't know with others it's a big deal to them comparing to the old ones that are charging that way. It's normal with those exchange and casino's to have that fees. But nowadays, it's very normal that if you are going to pay the higher fee, then you will be confirmed immediately within the next block.

Actually conversion from btc and dollar have a price diference. It defends on how much you have to exchanges from btc to dollar or local currency but every day the trading wil increase and then decrease. For that purpose, I want fees not too much high or enough to make profit when I want to exchanges to dollar or local currency. Because sometimes I want to buy a bitcoin then I wait to convert until it will increase or to make sure that I have a profit.

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yes to me the price must be low as if we want to attract more and more people in bitcoin world. if the transaction fee will be reasonable then people will give more preference to bitcoin.

Yes, I agree with you. One of the advantages of bitcoin is the low price of transactions. And I do not hrchu bitkoin lost this advantage. I believe that the normal fee is $ 0.01

Feels like the main issue seems to be what each group (miners, hodlers, core...) wants bitcoin to be. The currency that everyone uses daily with very low fees or a store value for all others to be traded against, a place to hide the value where the fee price is less important.

Well, it is like who they want to lead the bitcoin network and who is powerful. And I dont like paying big fees transacting bitcoin because all I want is just to know if my reciever can get the bitcoin I transacted. I dont want to pay bigger fees because I love bitcoin because of its low fees and fast transactions.

Exactly, BTU becomes the kind of coin you would be interested in for the short term because it solves (when bug-free) your issue which is high fees and transaction times. I'm torn because I want bitcoin to remain both a store of value and maintain its use for everyday purchases, which ignorantly from my perspective seems to be core in the long term.  There is definitely a risk that while the fees continue to increase and price slides from the debate that another coin will take over assuming that it has smaller fees and quick transaction times.

youre sending fee youre use transaction is very small
0.01 dollar equal 10k satoshi, with sending fee is very small very long time youre transaction in confirmation, or maybe never confirmation

I am willing to pay for fees depending on the recommended amount given by blockchain.info and as long as it is not considered high.

And that is going to make my transaction confirmed easily, it doesn't matter as long as it is acceptable amount.

As the price of bitcoin is falling now, the fees seems to be falling too.