Bitcoin Forum

My bank can do transfer money for free. Damn

just get rid of all these cumbersome bitcoins, I'm sure people will be very happy to take the pain away ^^

Well Coinbase is automatically adding such high fees to transactions without giving any options to set fees for their customers.

Yeah, we need lower fees!  :-[

This is very disappointing. Lack of miner is the reason behind this. I heard Roger Ver has a negotiation with large group of Chinese miners to abandon Bitcoin (BTC) and mine Bitcoin Cash instead.

That's not that bad when you compare it to a lower value transaction. Like when you want to pay someone a tenner or 20.
But I agree, btc can't compete as a currency like this.

Yes. Lack of miners. But there was no problem till 2 days ago. Where are those miners who were mining?

Then sell all your Bitcoins and go back to the traditional fiat monetary system. We've seen this coming. Over time, the fee for transactions in Bitcoin has been continually increasing. I admit that this is not practical at all. Hell, we need much more lower fees. However, due to some greedy miners out there that somehow manipulate the transaction processes, there is no option but to increase fee. It is also caused by the current attack on Bitcoin's blockchain. They are clogging Bitcoin with numerous micro transaction requests. Thus, in order to make our transaction faster, we have to increase the fee.

This will all stop when the attack stops and will be prevented when Bitcoin starts to scale.

Oh..Didn't know about the attack. Why can't the experts identify these attackers and do something about it?

That's too much of a fee honestly. Thats the only bad thing I hate about Bitcoin. ::)

Miner not greedy. They need money to operate their machine...it was very expensive investment on hardware and electricity...
Bitcoin price above 6K...and you cry for 13$?
I do international transfer cost me 300$....

13$ is considered cheap fee. Miner need to pay their bill

I am trying really hard to convince myself that paying the high fee to use Bitcoin is worth it :)

I hope they scale soon!

Is a bad fee but is necessary

Hmmm, wonder why I can't buy a pint in my pub with bitcoin?

whoever said btc was made to compete with physical currency????? make sure your correct with what your saying people want it to compete with banks and what not, that's not the philosophy of btc and furthermore, if you are spending it thats fine if you are just transferring it around why??? your saying its free to transfer online yes with your bank but your money still gets taxed from the Irs when you get it and when you spend it and on that amount the tax would be way more then 13 bucks so i dont see a problem here

Aside from lack of miners, there are also difficulty from confirming 200,000 stucked transaction. As there are some evil and selfish people who flood the BTC blockchain to discredit Bitcoin.

Man fee's are nothing compare to your profit. How can you achieve what ever goal you set if a small fee is already too much for you. patience is the start of being reach so wait bruh.

how can that fee be necessary, miners already have near too endless computer power, they are paid more than 12 bitcoins every 10 min, that should be more than enough to make profit, miners says it cost around 1000$ to make one bitcoins, they can sell for 6000$

If this keeps going, sending any amount of bitcoins will soon be 0.1 bitcoins.

Its greed that drives those fees and its  seems like bitcoins are also under attacks

It's not necessarily about the fee's you have to pay, it's "just" 13 bucks (which is still a lot for a tx of course). But it illustrates btc can't compete with other payment systems right now, if ever.

Because you think bitcoin is currency which is not. Bitcoin is money maker in short term....the profit from trading is bigger than just 13$.

How do you know that? OP hasn't shared anything regarding his transaction aside from the fiat value. Do you know that fees also depend on the byte size of each transaction? The higher the byte size (i.e. the more block space it requires), the higher the fee will be in order to get yourself a relatively quick first confirmation. Does that make sense? It's not like all transactions require the same minimum fee. If that was the case, there would be a whole lot less complaining going through this forum and on social media. Fees look high/low depending on the transaction value. $10 fee looks massive when you send $100 worth of Bitcoin, but in the same way, a $10 fee looks peanuts when you send $10,000 worth of Bitcoin.

This is a common problem. For example, when the Bitcoin price rises, the usual unit costs only 5 dollars, the coral rises to 13 dollars. Not just Bitcoin, this applies to every coin. Fee will continue to rise if the value of the coin rises. If you feel that Bitcoin fees are up, use another coin (like Doge, ETH) that has a small fee.

Oh my, yes I expereince this too just this moment, I have to pay a friend with $3 for the service he rendered to me but what the heck is this fee $13 from my online wallet will.be charge to me. It makes me cry now. Fee is 400% higher than my sending money :(
So what will be good? Send now money or take a little later for this so it lower the price?

This is a problem that is only getting worse and there is no solution in sight. If the price of bitcoin is going to head to $500k like the "experts" say... It is going to cost $500.00 to send 1 Bitcoin. This is going to leave the small/dust wallets and faucet players dead in their tracks.

Someone will need to run an off-chain transfer service that works, for bitcoin to succeed and be attainable for the small guys.

if the $13 fee is too high for you then you can find another wallet that could applied for the fee which is less than $13 but you need to wait until 3 hours. i think i don't have any problem if i should pay $13 because i still have $587 in my bank account and i considering $13 is for the charity for the blockchain because blockchain is helping me to make my transaction is sending with fast. when i check in my mycelium wallet, if i want to make transaction with 0.09, the normal fee with estimated transaction is 30 minutes with the smallest fee is $9.60, more less than the fee you should pay because in mycelium there is many option on how much you want to pay the fee. so its depend on you, how much fee you want to pay for the transaction.

well, i guess it's too high. maybe using another wallet can make you manage from the transaction fee you have. maybe like using electrum wallet, or other desktop wallet. if the fee is around $ 13, I think it's really a disservice.