Bitcoin Forum

What the hell ?

https://image.prntscr.com/image/WMqyN8B7RAmcsqBAMQTzSw.png

Wow 4,50 each transaction, that is so high mate, but the fees were not so high a few days ago, i dont understand why it is happening. Well, maybe it is because the difficulty of mining has increased to 21% in the last few hours, but it shouldn't change the fees. Maybe the miners are so congestioned and they can not proccess that payment and this is why the fees are so high.
Anyway, i sent a payment yesterday and it only costed me $1,20, and it got confirmed in 20 minutes.

The fees are pretty high right now, i sent a payment worth of $50 about two hours ago, and i paid about $3 for that transaction, maybe it is not a huge amount of money, but it is almost a 8% of what i sent to that guy.
But it is more cheaper than Xapo fees, i just saw them two weeks ago and a Normal Transaction was about $8 each one, that is insane, and the priority was about $12 for each one.
Of course that the fees depends on how the blockchain is going, but i think that all this issue is because the notices that the miners received today.

I think this is the highest rate since last aug fork, perhaps even in the last six months
any idea what drives it so high? isn't november fork still in 2 weeks or so?
do miners switch side temporarily to mine BTG for quick profits?

Oh man, that's horrible.  And I mean that.  Are you using a wallet where you
can adjust the fee? 

It's stuff like this that makes bitcoin a bad currency.  You could just as easily send
someone money overseas using PayPal and pay a very small fee at most.  I just sent
something the other day with a fee of like 0.0007BTC, and the transaction has yet
to confirm once.  It's probably going to get shot back to my wallet and I'll have to
send it again with a ridiculously high fee.  It sucks, I agree with you.

This looks to me a simple way of promotion. I think you are one member of changelly or a paid advertiser using posts here in the forum. The fees that bitcoin is asking in each transaction is getting really high. We have been experiencing this for some time already. That is why many people would advice not use bitcoin in small transactions such as buying a cup of coffee. But if you are determined to use it for such transactions, then you also have to accept the high fees.

You can always choose to send less yes it won't be as quick to confirm but at the end of the day this is how bitcoin works and will never change. Bitcoin miners need an incentive to pass a transaction and higher fees are going to do that.

If you don't mind waiting a few hours then just pay a smaller fee.

Yes! Fees are too high right now!
I dont know how much you were sending, but I just paid more than $10 of fees  >:( to send 0.35 bitcoin

I think that the fee that you are paying is over beyond the average fee that should be paid for your transaction to be included at the next block.
You should be checking out the wallet that you are using, check up the settings, there should be an option to adapt transaction fees based on the current network status.

If you are creating your transactions by your own, you should be checking the following website:

https://bitcoinfees.21.co/

It gives you real updates about recommend fee for transactions based on it's size in bytes.

The fee's are more favorable to bigger amounts, it's very annoying making smaller transactions.

The transaction fees are raging due to several factors.
One is the size of the block in Bitcoin's blockchain, which is limiting the number of transactions that can go through at any given time.
Bitcoin's network is powered by miners, people and companies who use a tremendous amount of computing power to create new bitcoins.
And when there's too many transactions to process which currently happens very often miners will prioritize transactions that pay a higher fee.

Using Altcoin is a good alternative to lower the transaction cost, yes changelly is a good exhanger,
me I used Poloniex as online wallet, 0.0001btc fee for bitcoin transaction.(I don't know how fast the transaction is, i never monitor it)

If you buy a coffee, you pay the $2 (btc) for the coffee:  $2 + $4 fee = $6, in those hours it would be better to use physical money... bitcoin needs have low fee and have faster confirmations, the days ago I stayed many hours waiting to confirm transaction, it was annoying


and this is a problem because in real life there are things that are not expensive and how will the person pay for bitcoin with these high fee?

About 2 days ago mining Bitcoin Cash became more profitable than Bitcoin and miners flocked to Bitcoin Cash. Bitcoin blocks slowed down and mempool (unconfirmed transactions) started to increase. Check here: https://blockchain.info/es/unconfirmed-transactions (https://blockchain.info/es/unconfirmed-transactions)
In about 1 hour 20min Bitcoin Cash will become unprofitable again, so everything will come back to normal.

The solution: if you're not in a hurry you can always lower the fees, it'll take more time, yes, but eventually it will go through. Check out the site bitcoinfees.21.co. Could be helpful next time.

I heard there is a fork coming in which the devs are trying to reduce the fee and speed the transaction time. Dont know if its really correct or not but if it happens this will really boost bitcoin. I know lot of people who uses altcoins to avoid huge fees at the moment.

^^100% incorrect..

Unfortunately the problem with high fees is one of Bitcoins biggest problems. They are crazy, I tried sending $50 the other day, and I couldn't because the network fees were super high. Bitcoin is now for the elite. For us broke people trying to make some money, its too late.

Yes, the fee is too high. If you make small transactions regularly then the fee is something worth saying. Sometimes, the money you earn is only slightly more than the fee paid. This is also something that people are eager to change and that is needed if we want btc is  widely used otherwise people will probably switch to ETH or some other kind of money.

What the hell kind of times are you sending your transactions at?

Why are you not setting your own fees and ignoring what Blockchain recommend completely?

I am paying something along the lines of $1 CDN at the absolute worst and when I want something to be done quickly. There is now way that you should be spending that amount of money on a transaction. But the fault is completely on you if you aren't using platforms to their full potential and making sure you're aware of every feature. Most wallets let you set your own fees and make sure that you're happy with what you're spending - Blockchain.info included.

yes because sometime it is in the lower price

Paying those fees are really such a pain but we've got no choice. Gone were the days that you can send funds to an exchanger free of charge. I often close my eyes upon sending so that I'm clueless about the charges  ;D

I think this will be addressed after the Segwit2x in which is aims is to reduce the processing time of every transactions and that will reduce the fees as well. This problem what due to high traffic in the block chain resulting to higher fees but if this will be addressed that if possible that transactions will become instantly or at least reduced, our service provider will earn big because the transaction flow will become smooth that they could now finish more transactions request which in result is to reduce their service fees.

The fees on blockchain's wallet are confusing and sometimes seem erroneously or arbitrarily calculated. For example, I sent two transactions totalling 0.72 BTC last week and the first send was for about 0.4 BTC. I customised the fee at 0.001 to speed up the confirmation (it was an urgent payment). Then I sent the remaining 0.3 something but then the fee was outrageous. Even for 0.0005 it was showing something like $9! omg and it was suggesting I use 40 sats for the expedited option! I just followed the suggestion since it wasn't giving me other options. I logged out and relogged in to check if it might change the fee calculation but it was still the same super high fee for sending 0.3 btc.

Use mycelium wallet instead. If i'm not mistaken the last time I made a withdrawal the high-prio fee is only more or less than 50ksats that takes 10mins to have a confirmation. I used normal fee the last time with only 23k sats. But actually the fee wasn't that big for me it just happen that the price is high.

Oh my, that is reallyhuge to think for small transaction if so. What is happening again to reach that fee so high? I hope it will not go high more, because i will not send money if so :D, anyway I realize that if I send money to others and the address is came from other site or other wallet exchange then it varies, like I used the coinbase before and I sent money to the address that starts from 3 then the price goes up, but when I send money with the same coinbase user then there is no fee needed.

This is one of the bad things when using Bitcoin on many unconfirmed transactions. Bitcoin fees keeps on getting higher and higher if this might continue i think some people here would go for an altcoin for sending money. That a small ammount for sending that much money bro.

Yes 0.35 BTC means approximately $2000. To get this amount safely paying $10 fee is fair enough. We have options to reduce the transaction fee, but once it not gets confirmed means, you will lose everything. Before sending any bitcoins to another wallet, i will check how much I am sending and what fee they are taking I am happy to pay that fee. I don't want to put my BTC is a risk to paying a low fee.

Lol maybe your 1 input should be for a bitcoin and not a fraction of a bitcent. Get more bitcoins and your problem will be gone. Wayyyy less than a 1% fee. It's not based off of the amount you send so posting the USD price is irrelevant. It's about the size of bytes your transaction is.

Although this fee is used to balance the market but I think it is quite high and not really fair with all transaction. This fee limits people to trade or to stop using btc. That affects to cryptocurrency system. We all want to get a discount on transactions

i don't think so that bitcoin transaction fee is very large as compare to transaction fee in other places like banks etc and also you should remember that the transaction fee is varying with time so you can keep your eye on the transaction fee whenever it fall down then you can do transaction at that time.

Butcoin transaction fees is depend on the amount that we want to send, isn't it?  So I think if you send a lot of bitcoin the fee will be very high.

It happens to me most of the time and what i do in that situation wherein fees his very high i just delay my transaction. What i mean by delay is instead sending the Bitcoin now i will cancel it and check again later if how much the fee. Do the transaction if you see the fee is better after checking it again.

Large shipping charges are charged on very fast delivery of transaction time, it's all option if you will send in a very short time then you are charged a large fee but if you are willing to wait with longer delivery time then you are charged more shipping low.

I guess that does not just happen to you. but, almost all of us are also experiencing the same thing. well, we can not do anything, because the smaller the fee that is issued, the longer the transaction you feel. maybe, the transaction you make will be faster because of the high fee you get.

well me too bitcoin fees makes me mad that's why I never send a small amount bitcoin in external wallet sites just because of fees bitcoin price keeps increase so the fees increase also. I'm afraid that some people will never use bitcoin because of fee they will find another coin with small transaction fee.

you can combine all the payments into one transaction to save time and fee.
you can also use an altcoin which had really low fee not some altcoin that already has high fee like ETH. use litecoin for example.

i am curious to know how you "pay with eth". nowhere really accepts ETH as payment. unless you are paying someone for some job they did and forcing them to accept it.
and also ETH has one of the highest fees altcoins can have.
compare to it other altcoins have much lower fees. why not choose one of them?

its nothing new about trasaction fee. we have no choice and we have nothing to do just accept that higher fee. i search the wallet that low fee transaction and almost wallet is the same fee..

high bitcoin fees make all of us angry but sadly "Fee" is a necessary evil that needs to be there. it is like a mechanism preventing spam attacks. and right now there is another big one going on. increasing fees and ending up at a high fee is not just for you and me, it is also affecting the attacker making the spam attack more and more costly every step of the way. which means they can not keep up the attack forever.

p.s. please try to always report your fee as (satoshi or bitcoin) per (byte or kilo byte) that makes the fee more meaningful than when you just say the amount in bitcoin or satoshi or worse in USD!

Is it on a third party wallet or a private key wallet? I dont think a private key wallet could have such a high fees for medium transactions I myself has been doing transactions everyday with just 0.5 USD fees only day when it took too much time was on fork day.

Yes i agree with you my friend, $4.5 is really a high fees that you paid here. Actually i think it's just a short term increment in the fees because the miners are feeling difficulty in mining and they cannot process the payments by mining, but they should not have charged this rate for facing the difficulties.I am thinking how much they would charge if the difficulty increases more than 50% which i hope is not possible for now, but in future there are chances to get increased. I have even paid $13 of fees for sending 0.39 of bitcoin to my client, which is too high for me :-X don't know howto reduce this type of work?

I am just thinking at present level if the fees seems so high then just think once it reaches 10k the fees would almost be double of what it is today. As the price of the coin keep increasing the fees would automatically be getting costlier and not cheaper. Will this bring down the users interested in btc due to its fees is what wee will need to watch out.

I suggest you use an online wallet, it is not possible to escape from the charges, but the oflline wallets are really cruel.

This is one of the bitcoin inhibitors to be applied as a mean of payment especially when we deal with small items for a relatively small price. And yes, using other alts will be considered as the best solution so far.

I doubt it would get that extreme. I think the increase is temporary. The miners should know that transactions would not make sense if being too high. users would just opt for other currencies and hold BTC without trading.

Keep in mind that Bitcoin's value is very high then fees do when making transactions. Don't makr transactions witl little value in it, just wait for a while until time will give you good option for fees. Other than that, you can find cheaper fees in this forum anr there's a lot of them.

yes me also , i don.t know , some site fees $5-$7 , day by day theare fees incress  ,

You really don't need to get worked up over that because its something you can correct and the fact that its high does not mean you have to accept it. The option of customizing fee is there where you can select the amount of fee you want to pay and it will still  confirm within reasonable time.

Another way is to ensure that since you are collecting small amount of bitcoin try as much as possible to limit the addresses you use because the number of addresses to aggregate where the sum payment is coming from is also something of concern here that goes a long in determining what will be the transaction fee.

No, the increase is not temporary. Fees are essential to the network's function, and most importantly, fees are in the process of replacing block subsidy already. The supply of BTC is more then 75% mined already, and the block subsidy has halved twice. Fees need to start replacing that subsidy loss in order to incentivize miners to keep securing the network. Otherwise Bitcoin would be insecure and subject to double spending and other attacks.

In a couple years, the block subsidy will only be 6.25 BTC per block. On-chain fees need to be rising, not falling, for the chain to remain secure. This is why the future of low cost payments in Bitcoin is with the Lightning Network and sidechains, I think.

I don't know but i have seen some sites, exchanges and wallets that has cheap transaction fees, but either if it we don't have much choice once we are using those service providers, not unless they are doing something fishy behind us, then we don't need to use it further.

Another way to go about this is the timing, I have realised that the same transaction you can pay different fees at different time of the day. Just try when there will be likely to be less activities on the block chain maybe sometimes early in the morning. Also, you can just send with low fees and use one this acceleration services to boost the confirmation time. Its still to.achieve the same result at lower fee.

I decided to check this out and when I was typing the amount which I want to send the fee was like 1,04$, but when I pressed "max" the fee increased to 4,1&$ just like the author said! From my experience I can say that Blockchain.info is not always the same, I mean one day they ask 1$ for the transaction and another not less than 4$. I don't know what from it depends, but I have never paid more than 1,5$ for the transaction on this site.

maybe the mining difficulty rise so new block take a little bit longer and there a large unconfimed transaction again thats why fee is getting higher

You can decide on how much fees you want to pay, if you use an online wallet which allows you to do so (such as Blockchain.info). But then, be ready to wait for 4-5 hours, if you are paying a significantly lower fee. Last time, one of my transactions got stuck for 3 days after I manually paid a fee of 10 Sat/Byte for my transaction. It was frustrating!

I also had the same experience earlier. Was frustrated that I have to pay a high fees and the confirmation didn't went through for more than 10 f*** hours. I already slept, woke up get up and see a doctor and it is still not in my wallet yet. But I have read that it has something to do with the difficulty rising at 21% if I'm not mistaken. Maybe those mining BCH earlier went back to the legacy nodes or whatever, that's why the hashing power is very difficult resulting in a increased of mining fees.

Edit: Alas, it just went through....

I think which causes the fees to be more higher because bitcoin price was increasing. At past.. long day before bitcoin price are so very high up as it's today, the average fee fees from various sites is very cheap. But of course it's different for now, that's bitcoin more days being more popular be used by many people, with price that tend  continue to increase from previous years, of course this can be causes the fees to be more higher I guess. And well.. indeed we should really be able to balancing with like this condition.

the fees has really became a big problem these days especially if you are using small amounts on a regular bases i have an idea that could solve this

that they could make a fee based on the amount you send not all of us have a huge amount of btc 

difficulty goes up by increase of hashrate (mining power), for example when new miners start mining bitcoin, when more people buy ASIC miners to mine bitcoin,... the hashrate goes up and the difficulty increases to match this increase and make blocks be mined every 10 minutes on average.

it has nothing to do with the fees though. maybe I missed it but looking at the blocks that have been mined in the past couple of days I do not see any major gap that can cause such a backlog that we currently have, which means only one thing: a spam attack.

how much money you want to send? i think if the amount is more than $100 or even $1000, then i think fine if your fee is $4,51 at least you still have the biggest amount. we are paying fee to make transaction run smoothly and our transaction is not getting delay or waiting too long to be arrive in our wallet. if the amount that we want to send is bigger then we don't need to complain anything and we can receive that fee because we don't want to waiting too long.

Same to our local wallet. When sending bitcoin to others they deducted too much bitcoin fee than the value you are sending. I think the problem with this is the company of the wallets and sometimes this is pissing me off. I hope other wallet take action about this because this is you unfair to us.

Using online wallets might help you save on fees, but you risk losing all your money if the service provider gets hacked. I think it is much better to pay the fees. If your transaction is not urgent, you can try paying lower fees and wait for it to get confirmed.

it is true that the cost is too big, I also feel the same with you. is there no other way, besides using ETH, because I think if using meth is too complicated and less simple.

There's an alternative, one which was implicit in the original plans for Bitcoin - that the widespread, distributed mining was cheap and written off as a hobby/interest in maintaining the project.  ASIC and mining farms weren't in the plan and they've skewed the project.  Ideally transaction fees should be tiny and high volume makes mining viable.  

As it is I laugh and cringe every time I read someone advocate no or low fees as advantage for Bitcoin, when its 5-10x a debit card transaction to get in the next block, and only large transactions/movements of bitcoin are financially advantageous.  

It is too expensive for a transaction. I find this fee is not appropriate. If you trade more then it will cost a lot of money. It is disadvantageous for those who invest.

Which online wallets gives no fee ? I have not heard of any such wallet which is free from charges . Can you please name such wallet so that it may help all of us ?
Previously coinbase and Xapo did not charge fee but this was last year, these days they too charge tx fee on each transactions.

Yes some times bitcoin fees interrupt the transactions which are of low amount. The bitcoin transaction fees are very unstable it can increase and decrease any time and no on can predict it. sometimes people skip bitcoin payments for this but i think as more and more people start using bitcoin the fees will be lowed as transaction per day increases and this will make small bitcoin transaction fees affordable .

If you send 0.1 I think isn't too big but if you send small amount of money you 'd better use eth or litecoin. I usually do that for transaction. To exchange quickly bitcoin to eth or vise versa I like to use flyp.me. Flyp.me is automatic excanger service that no needs registration. It needs only few minutes to arrive in my wallet. That's cool exchanger you'd better try. The fee is not too high.

I always do this way to reduce the fee on my transaction. First customize the fee and reduce it to minimum $1 and if the transaction is not confirmed in 1 hour, i will use txid accelerator to my transaction and it's really works. Actually the fee is quite low nowdays.

im a bit confuse to this?  i think were allready using an online wallet.

no, it can and you can still escape or avoid charges. all you gotta do is  to switch or use another curency.



all wallets have fees unless you use other currency like xrb (which has zero fees) and you can try litecoin and dogecoin for a lesser fees compared to bitcoin.


i think they wont charge you a fee if your sending bitcoins to coinbase to coinbase or xapo to  xapo wallets.

If it is true that bitcoin transaction fee are all equal, big or small, this should be a serious problem for the users. Because this technology is intentionally made to divide into 8 digit digits, to be obtained in small quantities. But if the transaction fees of bitcoin in large quantities is equal to small (Equally high) it means more bitcoin is for large transactions. While small transaction, will harm users.

I think this is all the while, hopefully bitcoin can be better because I need the services of bitcoin

Yes this fees issue has been there for quite a while now, many of us have faced this kind of issue, but I feel it's wise to use Bitcoins for a bigger transactions, than use this kind of transactions, what you did was also correct, and sensible to, but I feel you should stick with bitcoins for large transactions, and higher returns, if you only do small transactions, then continue, your method but have large eth is bad, you won't get returns like Bitcoins.

same, sometimes i also very angry about bitcoin fees, its too much high, i will give a suggestion to bitcoin that please depreciate the bitcoin fees, so more and more people will attract toward bitcoins.

This is right which we can actually customize the fee depending on the needs or on how fast we do like for it to confirm.If you are in a hurry then paying up those above recommended fee will really be pain on the ass if you do follow their recommendations.This is why micro transactions nowadays is somehow useless since fees will really piss you off.

It doesn't matter if there is one big miner with 1 trillion s9 or 100 nerds with r4 mining.
The number and hashing power of the miners  affects only the difficulty not the size or the block or the time between blocks.

The fees are growing because the space is limited and we have more and more transactions, so demand and offer kick in.
Since we have limited space the one that pays the bigger fee gets the spot.
And it's pretty normal that guys moving thousand of dollars will pay 4 or 5$ to get fast confirmation while the rest will hope to get a spot in the remaining space, but with 4$ transaction fee it is really not feasible to try and move 10$.


Bitcoin is not a person, it's not an organisation and it has no customer support.
The ones that are driving the fees up are we, the users, competing for a fast tx confirmation.


Exactly the opposite!
As more and more people will use bitcoin the fees will go up as we have more transactions per second to add to the chain.

 

indeed for tranbsaksi costs if we transaction just a little will feel very heavy in the appeal with a large transaction costs.

It's normal, we can pay miners because they are the one who generating our transactions and that is good. In every wallet, there are the same fees, sometimes the confirmation is too slow. Just wait and calm.

We have nothing to do with it, transaction fees are included in every transactions we made, it's a package deal, it is not free.

Even if it makes us angry but we cannot argue with anyone here about the fees so let us just accept the fact that for every transaction there is a huge fees included.

Sad to say but we have no control over these things. Since we transact our coins in their storage at least we give them a share. I know it's rather high but we have no better alternative for this. It's just sad that a small bitcoin trader like me will get less profit because of these outrageous transaction fees.

I have noticed this too for bigger payments. However, ordinarily one would've thought that the recent fork would've ameliorated this issue of high transaction fee charge as well as the backlog of transactions on blockchain. What is the essence of continuous and replicate forks of minute issues like this aren't taken care of. It's now quite discouraging sending small amount of btc across.

Coinomi wallet is good to me because you can adjust the fee and set . The fee will be minimal

Unfortunately, Bitcoin fees are high especially when we are just before the hardfork. A lot of people transfer their bitcoins to exchanges in order to quickly claim and sell forked coins right after they are available for trading. SegWit has solved temporarily the problem of expensive transaction. However, it won't do much if majority of network continue to use legacy addresses.

The high-priority fee setting is much higher now, as the network is facing significantly more congestion. Using standard (legacy) addresses/outputs, the median fee required to get in the next block is currently 320 satoshis/byte, per https://bitcoinfees.earn.com. And if you use the 1 satoshi/byte setting, it's likely your transaction will never confirm.

I think now that 2x has been called off that Jihan and Bitmain are spamming the network. Makes sense now that Bitcoin Cash just lost its only major competitor for the "Bitcoin" brand. As BTC transactions become more expensive, BCH transactions begin to look more attractive to users. This is intentional.

Yes i feel you. I hate the fees that's why i don't convert as much as possible. I hold my btc and convert only when there's an emergency or if i ran out of money. Someday it'll be better. We'll just hope it will. Sigh.

Not only you people are angry about the fees. I know that 2 USD is quite cheap for those whales out there and for those average bitcoin holders.

You may say that it's not too much but for me and to other people who are holding a very few amount of bitcoin, the fees now are really high and I can't transact when it's too high.

I remember that I had to transact and pay almost $20 just for my transaction to get confirmed.  :'(

With the price of bitcoin above $7000 we are paying well close to $5 on an average to get the transaction going if you want faster transaction the price will increase further,it is being like this for sometime and sadly there is nothing we can do unless we hope that there will be a time when the network could handle everything smoothly with lower transaction fees. With the transaction fees so high it is hard to imagine using bitcoin for smaller transactions like we used to do in the past,it is only good to carrying out big transactions.

what's going on with you ??, do you want to buy bitcoin while the price always goes up ??? or vice versa ?, or what actually makes you angry with the bitcoin cost ??

Now this has became a disadvantage for bitcoin. I think its time we shift to another coins (eth preferably) that has still low mining/transaction fee. Its like you if you convert your small amount if bitcoin, you could even end up getting only half of it, and half to the transaction fee.

4.5$ actually not really high cause many exchanger have crazy fee
0.002 bitcoin pertransaction,, yeah that make me angry  ;D

there are wallets making high transaction costs are also low. high or low transactions will affect the quality of your transactions. the higher the transaction costs you spend then the transactions that you do will be faster, and vice versa.

Yup, fees are killing everything very badly. Its also not the same every other day from what I have observed since last week. Many of the transaction that I’m doing from my personal account are taking more than 6-7 hours upto 24 hours for some of them after paying the “Normal” fees also. This is ridiculous to see how this may get worst in the future. This might be due to more competition and hence more difficulty in finding the blocks. However, I’m afraid that prices of the bitcoin could also be one of the reason fro this. The fees are always dynamic and paying higher fees also won’t do much good and they will result in successful transaction after 6+ hours only. This is clear that its the difficulty that these guys are getting or may be something else I don’t know but its not good for small transactor like me.

in my case I always make fee of my transaction is 120 satoshi/byte and almost 1~2 hours to get 1 confirm this is cheapest more than exodus wallet fee, I think not below 110 if below that transaction gonna be long

LOL, it is normal for bitcoin high values to be higher than expected to ensure that transactions are smooth and profitable for each withdrawal.

I agree that the fees are too high. Hopefully they will go down as bitcoin scales. I suppose there is both a positive and a negative to this, as rising fees are an indicator of rising demand. However, for bitcoin to become mainstream, the fees will have to drop substantially.

If the number of bitcoins you use to transfer is less than 0.0 x, the current transfer fee is really high because the price of bitcoin is really high. The transaction fee is the same whether it is 0.001 or 10, so it is very inconvenient now. I hope there is a good solution.

It's going to shit quick. I paid 5$ for a 10$ transaction yesterday and still didnt get confirmed 1 day later... LMFAO, that's 288 sat/byte

https://blockchain.info/tx/470eed8c0118e02d8b3accec1a3b041fb32683496f7cf33e33234a29d29e2fbf

Now they are asking 8.77$ / 580 satoshis for priority, blockchain.info.

So yea, bitcoin is dead for microtransaction. And anything below 250$ is considered a micro... LMFAO again.

Good riddance, can't wait for it to go back down to 450$ or die already. Perfect money here I come again after years.


Ooh, and I f***g miss Liberty Reserve. Too bad feds killed it to make way for this bitcoin garbage.

Transaction fees are way to high for Bitcoin. It´s a problem, and the devs should fix it asap.

https://blockchain.info/charts/mempool-count?timespan=24h

Noone paying those "priority" fees so mempool just becomes more jammed up by the minute. It was at 80k or smth unconfirmeds 10 hours ago, lol.

just name it whalecoin already

Sucks for those who tried getting out @ 7400-7700 values. Not get any confirms and value now is 6392$. So 1k drop in value while waiting for confirm and going down still. Hahaha, really sucks for those panic sellers.

Gone were the days that we can send bitcoin funds with zero transaction fees. I guess we should anticipate that the more it gets popular, the more fees we need to pay for the blockchain.

Bitcoin transaction fee changes from time to time. In our country (GMT  +8:00), transaction fee is usually at its lowest early in the morning and at its highest during daytime. The best thing to do when you are trying to transact with bitcoin is to check the transaction fee at every point of the day so that you will be able to pay the lowest possible transaction fee later on.

Another thing, transaction fee varies in every wallet. There are some wallets that really require high transaction fee to accomodate the volume of transactions in their platform.

And you wanted to earn and not earn on you. Well, there is no price at the height of the prospect is, then the fees can be made good. And there is your business whether you should pay them or not. But after all, the fee changes with time, maybe you went to not the best time.

Yes, the fees are pretty high these days, If you are making small transactions than the money you earn is only slightly more than the fees paid. I think using altcoin can be a good alternative to lower the transaction cost.

Fee 4.51 USD This is really disappointed thing because Bitcoin transaction fee is more high.I think should price will be reduce after that people feel to comfort in BTC transaction.Otherwise it's very difficult to carry high transaction fee.

The problem due to which we end up paying such hefty amont of fees is that fees is measured by sats/bytes units. Even after transaction compressing and segwit we are still not able to reduce the size of transactions to such an amount which is bearable as fees. Lightning network proposes a better idea to reduce fees however this idea will also give a flop show with continued increase in fees.

The best idea? Here on the forum I read suggestion of a person who says that fees must be kept as a percentage in fiat. Well this idea suits me a lot if only miners are ready to accept it. Because it will make their earning stagnent. Believe it or not bitcoin is now being run by authority of miners and there number is so low that the system end up being quite central. This is my suggestion to reduce the fees or else it will make BTC an asset used for investment purposes only.

Well yes, you have a point in there. But you know, the level of difficulty in mining Bitcoins has been at the edge lately because of increased Bitcoin demand. The increase is just so much for the miners to handle given the fact that the latter would need to invest in more innovative computers or software that will make their mining business feasible and at par with times. Also, brought about by the increased demand, comes along increased electricity bills. I guess all these factors were put into consideration by Bitcoin miners.

Just like taxes i think that these are not helpful to us jowever I see the necessity of it. If we can still compare we are still gaining something even if the costs are surgingg steadily however if it comes to an unreasonable rate then I think that that is hhe time to end it

Yes, the fees are high. I've transferred some of my coins to new addresses and payed a few $ for a simple (one input, one output) transaction. It does not seem high when one is transferring large amounts equivalent to thousands of $ or more, but for day-to-day transactions it's absolutely unacceptable. The original idea of bitcoin used for habitual payments is long dead. Bitcoin now is a sort of 'digital gold', and paying with BTC for coffee is as ridiculous as paying with a gold bar.

today fees gets higher as bitcoin value increase. better use altcoins for trading in other exchange site. well this is still business they want to earn too.

We are claiming that bitcoin is a online currency through which we can trade anything, online. It is also expected that we will very soon become able to use bitcoin in our local area, but in fact it has now become difficult with the increasing price of bitcoin to use it for trading small and daily trade use items, because of the increasing transaction fee. We even pay more transaction fee than the item price, which we want to buy using bitcoin.

the reason behind those fees, as I am seeing it, is that a lot of people trade their bitcoin. The price is 15k at the moment so a lot of sales are happening, the same congestion (currently there are 140.000 unconfirmed transactions) was there when bitcoin hit 10.000 dollars. It may be like that for a few days unfortunately.

And the congestion makes fees higher

you are right. but this price increase keeps the altcoin price down too. for example occurs in eth. although the price in usd is not so down, but in the form of bitcoin, the price will go down.

It's a real bummer the small transactions will greatly affected by the huge fees. Bitcoin is almost $15,000 usd as of now, that is the reason why the transaction fee is so high.

i'm really feel it, i angry when i want to make transaction with bitcoin, my fee bigger than what i need. i think using eth willl be a good choice :3

Holy crap that is huge I mean talk about serving a high transaction fee. As the price goes higher you mean the higher transaction fee also gets talk about making a profit for themselves.

main problem of bitcoin ...

The more bitcoin increase in price so more increase also the fee. I remember that.
I will feel the same too if i am you,  sent small transaction with such kind of fee. Oh my god.

Yeah right. As you can observe as bitcoin price grows the transaction fees getting higher also. I don't think so if I will be great with what bitcoin result or become sad. There is happiness that bitcoin will grow because you can gain a lot of profit but I feel sad because transaction fees is getting higher also and many greed people is always been motivated to scammed innocent people.

This is one reason why bitcoin will be hard to be accepted as a means of payment. People can buy goods at higher prices because of the fees they have to pay.

No i don't agree with this idea because if we can see the price of bitcoin presently then the price of bitcoin touch 15k$ so if you are doing any transaction and the fee is 2$ then i think its negotiable fee for such a big transaction. while if you can do any transaction in other place then there are big fees as compare to bitcoin.

The fees are ridiculous, unfortunately people are currently obsessing about the price and we are negleting this very important aspect. This morning, i was demonstrating to a friend. I have a wallet with 110 USD, so I tried to send 20usd. The wallet said insufficient funds..

why use the btc for transactions? nothing but ETH is much faster and cheaper

it's incredible...I can't take it...therefore I use bitcoin only as an asset

Yes, the bitcoin value is higher, the value of the transaction fee is higher. That made me angry. Because I think the fee that I pay is not that value. Where is the profit when it comes to fees?

the value of transaction costs is higher, sometimes irritating, but I think it depends on the provider or the site
there is a cheap but long process of transaction.

I am also disappointed with the fees of bitcoin which is extremely high and because of that, i am being discouraged by the people who are using other way of mode of payment like paypal to stick with paypal because they insist that it is better and much cheaper in service fee than bitcoin that is minimum of $10 fee of any transaction even though you are only sending lower than that amount.

Well we cannot blame them because the price of bitcoin is likewise very high.  I guess it is just like the price of gasoline that if the price is high then it would also increase its price to gas stations.  Though it is really frustrating to know that you have paid a relatively big amount of money.

Expensive and Cheap, i suppose it depends on the service of this wallet.
I'm Indonesia, my opinion hasn't changed, i prefer and choose any wallet that i like best, namely Triv.
Because, Triv makes me feel secure.

Then just let it be or hold it.  ;D
It is annoying when you are converting it to dollars. But when you are seeing it all thru bitcoin then it is just small.
Bitcoin price is too high so all those who converts it will really feel the transaction fee. But if you really think of it that is just .001 of a bitcoin or maybe lower.

https://image.ibb.co/hPtvKb/Capture.jpg

$13.38 to send a $10 payment (even with that fee, it'll get confirmed God knows when).
Yup, disabling Bitcoin payments on-site until all of this gets sorted out.
Even sending it via Western Union is cheaper. Fvckin ridiculous!!

Yes it is unbelievable. There are currently 220.000 unconfirmed transactions and that number seems to be growing (yesterday when I checked there were like 160.000 unconfirmed transactions and I thought wow, I coudn't believe it). With 220 000 transactions waiting in a queue no wonder that the fee is so high.

That's sucks, although we already setup this fees to the recommended transaction fee, but I'm still pessimistic it will speed up our transactions. I had some transaction made since last 1-2 days and still stuck, i checking https://blockchain.info/unconfirmed-transactions, there are still 222,000 unconfirmed transaction waiting on list.

Are you saying with the price increase of bit coin?

Prices will continue to rise. Just be careful not to fall.

Now this has became a disadvantage for bitcoin. I think its time we shift to another coins (eth preferably) that has still low mining/transaction fee. Its like you if you convert your small amount if bitcoin, you could even end up getting only half of it, and half to the transaction fee.

This is the problem with bitcoin right now, and I hope this will not affect the price movements of bitcoin. I still believe that this thing will resolve soon so bitcoin can go even higher otherwise people will panic and use alternative option, I hope this problem address properly.

This is why people are getting mad about bitcoin transaction with the high fee per transaction and you will have to wait for days just to process it.
Scalability has been a major issue residing bitcoin hopefully this will be solve in the coming year.

You should not be angry, it is the consequence of the value gains you are experiencing. Price is higher, so the fees are higher.

the higher the demand of bitcoin the higher it will cost, when the price goes up the price of fees set high, this is the problem with the other trading site they are pace the price too, and when you trade it on the top trading site the value of it is so high when you widraw nothing left with you i think it is just 75%  of your earn this is the disadvantage of it.

Well yes, you have a point in there. But you know, the level of difficulty in mining Bitcoins has been at the edge lately because of increased Bitcoin demand. The increase is just so much for the miners to handle given the fact that the latter would need to invest in more innovative computers or software that will make their mining business feasible and at par with times. Also, brought about by the increased demand, comes along increased electricity bills. I guess all these factors were put into consideration by Bitcoin miners.

That's really something users regret to accept. People expect to have a fee that was levied at the time when the bitcoin was getting traded around $5000. Now the price has reached high, the miners get the transaction fee and with the increased price if he goes with the fee as it is when the price was around $5000 what'll he earn. Maybe the minimum seems big, but for large volume transactions we can't complaint.

you should use fee fee transaction if you have lots of bitcoin. that's my strategy. because if it is small. bitcoin we will be used up by the fee alone.

People just dont get it specially the new ones.
Some of the exchange didnt really change how much it is in bitcoin. It is just that you are looking at it in USD.
If you really sum it all up it is just the same.
If you are complaining too much then go find a pool then join with them whenever you will do a transaction.

Yes, bitcoin transaction fee is high now.

Have you tried to convert BTC into other crypto, and send, then convert to BTC again ?
If yes, please share here, lets see how much BTC received in the end.

Cheers..

For me it depends of the price value of bitcoin the charges or fees that we transact.The higher the demand of it the higher fees it will deducted I think it worth it because its worth it by earning a lot of bitcoins.We should  not getting mad because the value is always flactuates and we all know that.

if you dont like it then leave it and switch to some other crypto with less fees like litecoin and dogecoin. you know bitcoin is not built for everyone especially on those poor people that cant accept the fact that transaction fees will be high as long as bitcoins value goes higher.

I think not so.Bitcoin is a digital currency.day by day it's value are growing.it's price value are high.so Bitcoin fees are not angry me.

If you support other coin suggestions that you can change into other altcoin to trade, the other altcoin transaction costs are still not high. If it is necessary to use bitcoin to trade, there is no way, the transaction amount is small, the relative transaction cost is very high, the large amount of transaction cost is lower.

today I checked the transaction fees up to $ 25, whereas I just have $ 50 in my wallet. that's crazy if I had to pay  a half of what I got.. I don't understand why transaction fees can be so high in this week..

The difficulty in mining right now is what is causing the exaggerated fees. Also, its cheaper to send bulk amounts.

Yes, the fees are really high. But the Bitcoin net can process only ~7 transactions per second (for the whole world), so you must pay the higher fees to compete with other Bitcoin senders. Actually, the fee depend on the size of transaction (in bytes).

First time encountered very long delay in my bitcoin transaction I send last Sunday and until now no confirmations at all eventhough I paid almost $2 miners fee and still pending up to now I know its a low fee but its not totally good for now to spend $20 just to send btc its unjustifiable we must try alternative to btc. 

This thread is the BCash cheerleader magnet. They will come in here and confirm how bad BTC is and how high the miners fees are. Most people tend to forget that the solution to the problem with high miners fees are already implemented <SegWit> but people and services are not using it.

Now ask yourself, Why would services and people do this? My answer : Political and personal agendas. You do not ignore medicine that can heal you, when you are sick. Some people go for the cheaper generic version, because it is cheaper. ^sad^

The problem due to which we end up paying such hefty amont of fees is that fees is measured by sats/bytes units. Even after transaction compressing and segwit we are still not able to reduce the size of transactions to such an amount which is bearable as fees. Lightning network proposes a better idea to reduce fees however this idea will also give a flop show with continued increase in fees.

Hi there Nomteck! There are company that grab the opportunity to gain a mouthful of cash as they see most of the people are engaging in the cryptocurrency era. I even notice one of my wallet when I am about to send some bitcoins in another wallet. How much they charge is a very big smack on the face, they charge almost $32 transaction fee for a $32 cost of bitcoin. I even try to check if the price will change if I send a $1 worth of bitcoins, and after a sec of calculation the transaction fee just drop from $32 to $30. I can’t imagine how they compute those things.  ;)

Unfortunately, The current fees is high ( over 15 usd) and this is not acceptable for the majority of users blockchain. Moreover, This can be caused by  the current price of bitcoin and the huge number of unconfirmed transactions  .
In fact,  Maybe the only solution to reduce the high fees is  decline of bitcoin price ( like 10K) .

This amount of fee is just normal thing if you count it on Bitcoin. Just because the price of Bitcoin is increasing so it makes the fee is increasing too.

Why do you focus on bitcoin fees? Fee it to make the miners continue to work mined bitcoin, do not be stingy so just because of little money. 1 bitcoin is more valuable than the existing fee, and the bitcoin value is much larger than its fee.

It's not normal you are just a noob or bot. We paid 0.5-2$ just month ago, price was like 11-14k range so still fkn high.

Miners all jerking off that's why. 10$ for a 320$ transaction, not confirmed for 80 hours now is a big fail for any payment system.

I also feel like that, especially if the internet connection in my house go down when I make a transaction, sometimes I can be exposed to the fee until doubled, it makes me very angry, it wants to slam my computer

Very long delay is expected and the fees will kill everyone softly. Specially the fees in market it will definitely gave me an heart attack every time i see those 100k to 200k satoshi fee.  :o

As you know, the demand of users for Bitcoin is too high. This leads the increasing of fee. So I think you can shift to use Bitcoin cash instead.

what the! Too high fees! Its to high to incash your btc is that site is crazy if you incash btc in value what you need ang the fee is too big you'll get no more! why some of wallets collect to high fees that many users use their sites to transactions no longer to use that site anymore.

I do not know the reason for this but I also experienced it last week. I paid about 5% fee on a single transaction.  
I think I can only send a large amount of bitcoin now in which the transaction fee will not be really significant. Maybe the best thing is to resort to using bitcoin cash for lower amount.

Fee is directly proportional to the price of bitcoin, why are you confused? Moreover the fee is for the miners. Nothing wrong with me.

It is as expected with the high volume of transactions going around now that bitcoin is still growing. I would avoid small transactions for now until I really, really need to. Sometimes, it makes me think if I should have gone to mining my BTC's also.

blockchain.info down now, can't even see the transactions and all btc list dissapeared in wallet, only bch stuff loading, so fail

Bitcoin fees make angry all bitcoin user.now bitcoin fees are very high.I do not make any transaction now.

I feel you bro, I know the feeling. Here in our country, transaction fee are so expensive. And that is not normal anymore because they are taking too much profit and taking advantage because of the Bull run. And we do not have a choice but to take it.

Bitcoin fee is created by miners. it is all miners mafia they syndicate and force us to pay high fees

yes they will take more then 10 $for one transaction

There are organization that snatch the chance to pick up a bite of money as they see a large portion of the general population are taking part in the digital money period. I even notice one of my wallet when I am going to send some bitcoins in another wallet. The amount they charge is a major smack on the face, they charge nearly $32 exchange expense for a $32 cost of bitcoin. I even endeavor to check if the cost will change in the event that I send a $1 worth of bitcoins, and after a sec of figuring the exchange charge simply drop from $32 to $30. I can't envision how they register those things.

I think $10 is not too big if we depend on how much amount that we want to cash out. for example, if we want to withdraw more than $500, and then we should pay at least $10, then I think we can do it without a problem. but it is different if we should pay more than $50 because if the fee reaches $50, then I don't think that it will make people happy because they need to pay a big fee. I think we have another choice to cash out our bitcoin and we have another altcoin to help us to cash out if we want to.

just a few days ago a send btc (estimated value around 80$) and transaction fee was around 30+$ something. Those in charge of btc technology need upgrades and improvements to get it back on the right track. This way only rich fellas can use it.

You are totally right!!
the fees is very expensive and if you want to transfer a small amount of money , the fees is almost the same as the transfer itself

Yes me too its makes me angry about the high fees when doing transaction, I'm hoping to become lower fees like before, so that many people will use it without complaining in bitcoin fees.

The bitcoin price makes as sad but the bitcoin fees really makes me more sad but i was not angry I am just trying to understand the situation on why this is happening in bitcoin, I am just hoping that one day bitcoin will again come back to $20k or more so we will all be happy.

To tell the truth I am also very unpleasantly surprised by these fees. It was much cheaper to carry out transactions. Now that it would be possible to withdraw a small amount more than to receive, now we will save.

This definitely sucks until this day. Transaction fees are just quite more expensive than using fiat money to transfer in money exchanges. It is just outrageous that some of these exchanges just impose a transaction fee higher than how much your actually dealing with. Pretty steep for a small bitcoin owner.

Not only the fees, but also the transaction speed. Since we all want cheaper fees (although the lowest fee is still very high in equivalent to USD), we only get the slowest transaction which takes over a day to confirm. Hoping that this will be fixed soon.

Bitcoin fees and alt coin transaction fees are just mad expensive nowadays. It is not even worth it to send just a small amount of bitcoins to other wallets because of the fact that the transaction fees are more expensive than the amount you should be transferring. But I'll try to understand the security measures these trading sites do to safely transport your coins.

It is very discouraging for anyone people to pay such a high fees. I think this is super negative, becouse  maybe,  this will  put away many newbies. I had convinced my brother to try  make money with Bitcoin, last week he was angry with me, saying that I had put him in a trouble, because he did not like the high fees. The impression  that  are having is that, is being formed a parallel market moved by fees. The greater the number of transactions, the greater will be fee.

Yeah right. And the moon is full of cheese and was made by ancient god rats.

Miners don't set , miners don't create fees.
Do a bit of research before posting stupid things like this.

You pay the fees, nobody is charging you. You compete with other users for a place in the blocks.
The miners just award the place to the one that has placed the highest bid.



The technology is already there!!!
Did you use a segwit tx?
Probably not!
So stop complaining!!!!



No they are not!!!!
We have experienced fees twice as higher as those while bitcoin was just 20% in price.
Also during the July spam attack the fees increased twice as much while the price remained quite the same and even dropped.

Unless it's an emergency, refrain from moving BTC for now. This is one of the reasons why people are moving over to other coins. Transacting in BTC currently is not very cost-friendly.

yeah, expensive fee, low transaction speed. I'm tired of trading with bitcoin everyday

We must took patience and be considerate that as the price of Bitcoin rises, it will be normal that also the fees will rise because the rise will only mean that there will be such an improvement in the price that will make fees also rise because the perspective of those who are fixing the transaction, people can also afford paying high fees since they can obtain large income with regards to using Bitcoin. It was just a fair scenario actually.

yes , bitcoin transaction fees is high now a days that is because bitcoin price gone higher and also transaction fees gone higher , probably it may consolidate to lower level once everything gets stable on the bitcoin race. As mentioned we need to have patience. now people are moving alt coins because of the transaction fees are higher on bitcoin ,but soon improvements will come back to  keep bitcoin transaction fees stable.

That is the main issue related to bitcoin. We can cannot afford to send small amount of bitcoin because of the increasing transaction fee. It is in fact effecting the image of bitcoin, People want to use bitcoin as normal currency but the increasing amount of transaction fee is in fact a hurdle for them to use bitcoin so smoothly for buying small items, for which they have to pay high transaction fee.

Yes you are the right the bitcoin fees was also high every transaction that you need to transfer or send a bitcoin the payment was you shock even a big or small transaction even thou have a choices of sendin like slow to fast but this is not right to have a high payment for the slow transaction but we should understand also thet this is the result of increasing the valur of bitcoin.

Yes, you are right. to make a one-time transaction with bitcoin then you will be charged with a fee greater than the value of the transaction. Maybe you should just replace it with ethereum.