Bitcoin Forum

hi all anyone have good recommendation where there no transfer or admin charge apply when transferring BTC?

Almost all Bitcoin transactions require a fee, we all know that the amount of fees we spend will have an impact on the delivery time of Bitcoin. So when the amount of fees we spend is very small then the transaction takes a longer time to break the blockchain. This is a normal thing in digital currency, so we might not be able to get Bitcoin shipments in the absence of a fee. This is an obligation and all wallet and exchange services must comply with this.

its impossible to transfer bitcoin without fees. as far as i know theres an altcoin called xrb (raiblocks) which offers a zero fees for all micropayments transaction. heres a link to their ann thread if your interested to know more about this coin https://bitcointalk.org/index.php?topic=1381323.0 also there were other alternatives altcoin that also offers a little to less fees when sending, some of them are dogecoin and litecoin.

There used to be some dodgy gambling sites which offered no fee when withdrawing from them, but I don't think they do that anymore.

If you found a site which did allow you to send zero-fee transactions, they'd most likely keep a very close eye on your transactions to make sure you weren't using it like a normal wallet.

Just have your coins in a wallet that you control, and send with the lowest fees that you can get away with.

You are asking too much, there is no way to do not pay those fees


I will explain it to you so you can understand it easily:

- You need to pay fees in order to make miners look at your TX and complete it.
- If you do not pay fees, no one is going to mine your block, it means that your transaction is going to be ignored.
- Better to afford some bucks, and do not risk your whole transaction.

it is simple as that, dont be so greedy, they are just $3 or $4

First, you have to understand that every transaction has to be included in a block to be confirmed. Miners are the one's who do that and also they are the persons who take the fees you are paying because they are doing hard work to mine a block.

There are some wallets wich dont take fees for transferring bitcoin through the same wallet. One of them is Coinbase(remember that this is an exchanger,not a wallet) and you dont have to pay fees if you are transferring bitcoin to another Coinbase wallet.
 
Be careful of wallets that promise free fees for any bitcoin transactions. That is pretty much impossible,especially with the fees that bitcoin have these days. Maybe for a short time they afford to pay the fees for a few transactions but after that it could become a scam and stole your bitcoin.

Yes coinbase and Xapo or some other ONLINE WALLET PROVIDER can do "free fees" if you send to a person thats also registered there. But the main issue with these wallets is that they are online and most of them don't provide you with your private keys as they keep all bitcoins on several addresses and just change the number of your bitcoins in their database.

They act like a bank in connection with this, if you transfer your coins from your wallet to another wallet  (at the same wallet provider, e.g. XAPO) they don't really move your coins thru the blockchain but they just do some clearing between the two accounts. And because you don't have the private key, you can't influence this part of the transaction. If you want to have your coins handled by yourself, you have to use a wallet that's not an online one. You can start a transfer with relatively low fees but in that case the mempool has to be nearly empty and you can use transaction accelerator service, but none of them assure that your transaction will be confirmed in a short period of time.

That is true, and a lot of people are not aware of that.  The same happens when you send bitcoins to another addres on localbitcoins.

When you send to another guy who is using localbitcoins too, they will say that the transaction has been sent to another party, and it means that it was an internal output, because it was sent to another wallet using the same provider, and they do not charge fees.

The same happens when you use Coinbase, xapo, coinomy, and a few more, they all are using the same protocol when you send money to another guy using the same wallet/provider.

This is not true. Coinbase charges you fees from transfering from one coinbase wallet to another. I used to have two wallets there and when I was new, I was testing and they charged me a fee for transfering from one coinbase wallet to my other coinbase wallet.



I know this is true for localbitcoins.com, but not on coinbase, they charged me a fee when I was transfering BTC from one coinbase account to my other coinbase account. This was when I was new, I no longer use Coinbase as a wallet.

As far as i know,there is no such service available since no miner would be willing to confirm transactions for free.Transaction fee was big issue when it got raised heavily when BU was created and loads of fake transactions were sent to spam the network.But now,after segwit activation transaction fee has become very low.It is the fee which miners get as bonus for confirming a transaction.So,even in future,we could not expect such free services.

I think you are always going to have transfer fees with Bitcoins. Some exchanges may charge smaller fees than others but I don’t think there is a big difference between any of them. Plus Bitcoin inherently has miner fees because the miners are needed to complete and confirm transactions. The miners need to get paid to do this work, so we’re always going to have fees.

transaction fees are very important on every exchange..it is a payment for the process of confirming ones transaction..no one would like to do something for free..may be for a friend or relative..but for other person people always ask for charges on the task being done..validating ones transaction on btc will take time and effort..

There is no way to avoid expensive bitcoin transaction fee, but if you want to transfer between exchangers, then you can try to convert your bitcoin to an altcoin that both exchanger had, then convert it back to bitcoin after transfer, this could be cheaper.

then what about any recommendation if i want the charge to be as minimal as possible?

I'm using blockchain.info wallet and adjusting my fee, depending on the recommended fee. So if the recommended is 8-106 sat/b as of right now, I'd set 20 (right now that's about 50cents), so 20% of the maximum amount and it usually takes from an hour to few hours and that's pretty much nothing for a fee, because fee can't be avoided completely.

You can use Electrum and not set a fee. Your transaction will be stuck in limbo and inevitably disappear tho. Just pay a small amount and be done with it.

If you want to minimize the fees, stop using shitty web wallets and exchanges to hold your coins. Electrum is ideal for newbies. Always click "replaceable" when sending a transaction so that if it gets stuck, you can easily bump the fee. You should never pay the "priority fee" to "get confirmed in the next block." That's like paying a $5 bill at a 25 cent toll, literally. If you are willing to wait a few blocks, you can save 10x-20x in fees.

These days when I send at 10-15 satoshis/byte, I often get confirmed in the next block. I made a bunch of transactions yesterday: 31 inputs, 8 outputs, 8 transactions in total. Each transaction was standard and spent ~ 12.9 satoshis/byte in fees at a time when "priority fees" per earn.com were ~ 140 satoshis/byte. I spent a total of 0.0006323 BTC in fees to send those 8 transactions. All transactions were confirmed within 10 blocks.

So, stop overpaying. That's the main problem. If your wallet forces you to overpay, start using a different wallet.

This is what i have noticed the transaction fee is very high now since the bitcoin value is soo high thats why the value of the fee is big too for now but before thata little for us.Maybe in the near future the fees  per transaction will become high again.

Better pay a fee.
I suggest you to watch some videos to inform yourself how it works.

but for those for invest in small amount..every coins count.... even little admin fee also an impact

which I know there is no free transfer fee, if there are many cheap. I think any transaction will be charged. so also fiat, when transfer then there is an administrative fee.
it's just a bitcoin in the form of virtual money.

Transaction fees are normal because the fees will goes to operating cost of the trading site, wallet,  local exchanges and miners fee in the block chain, without fees these services will not survive but maybe you are looking for cheaper fees in which you could find it in the google then make a comparison list for your future reference or better you should transact in bulk not in the minimum amount to avoid the flat fees.

There are sites (google them) that actually give you the current statistics on the number of unconfirmed transactions in the network - both overall, and grouped according to the transaction fee. From there, you can estimate the transaction fee that suits you most - either the lowest, giving you the chance it may get eventually confirmed (last week I waited like 5 days for a tx to get confirmed), or some optimal value giving you a decent confirm time without overpaying. It depends on your needs.

If you want to transfer your Bitcoin, you need to pay transaction fees. You cannot save that amount but if you really want to save that fees try using the lower values of transaction fees but then it will take a lot of time to transfer your funds. So, think before you make such a move.

I dont think that there is place you can use to transfer bitcoin without paying fees using bitcoin address but in coinbase website you can transfer small amount of bitcoin using email add that registered to a coinbase account or coinbase address. maybe search google how to use coinbase email add in transfering fund.

what about any recommendation which charge lesser for the transfer?

I'm sorry but this is impossible and you need to compromise with the transaction fees because they tend to rise up as the prices of the bitcoins also rises thanks to other factors.

BTC network is based on a P2P structure which means that the benefit of whole transaction if just for both the sender and buyer and not for anyone who processes the transaction. But as per the network this person must also be paid adequately so here comes in the process of mining fees or transaction fees to be more precized. There is absolutely no exception from this fees for transactions made in BTC on the blockchain. You better try transaction in some other coins like NEO which have no fees or make off chain transactions for which you surely need to have the receiver on the very same page.

you can't get around without a fee.

I think it's not a big dill.Because the tarnsection fee of bitcoin is soo cheep.It's not a big amount.They trade your money to rise up a big amount for get you a good profite from your invest money.When you get a big amount then you don't see the fee of bitcoin or anything ,because your profite is bigger then your profite.

Well it is true that the fees are very high right now, but we can not do anything in order to avoid them. Or just use poloniex or localbitcoins, you will have to pay a half of the total fees (polo ; 0.0005 for fees - lbc; 0.0003 for fees)

It’s actually a very big deal, people are not not making transactions or investing anymore because of the huge fees and they hasn’t been any serious profits for investors after it fall from $19000.

A certain transaction cost is necessary. We all know that miners play an important role in the whole network, and they are very important for the protection of power in the network. It can be considered that there is a direct relationship between the value of a coin and the number of miners supporting it. If it is a small transaction, the transaction does not use bitcoin and ETH, the large amount of transaction is now acceptable.

fee is the gift for miners because they pay for hardware and electricity.
 you can control time by using this fee. and better to use high one

It's not possible to transaction Bitcoin without fee. Bitcoin transaction fee is must be necessary.

It is not possible to transfer a bitcoins without a fee. The transaction needs to be mined and confirm in the block. Higher fees expedite delivery and low fees delay transaction. If no fees at all then your bitcoins wont be confirmed at all.

It is very profitable to invest Bitcoin, for example, I earn a living by doing it and are very happy with it.

Well, that's not the way of Bitcoin works. You need to pay of tx fee for the miners's work to verify the transactions.
I know today's fee is bit of high. But wait until SegWit or other technology being implemented. It will be down again. I still remember our glorious days when tx fee is still in cents.
Let's see that the coinbase guys able to implement segwit properly, so rest can follow the route for a better speed and tx fee transactions.

If you want to transfer BTC without fees, there is not a lot of solutions. The one I use is to buy BTC on Coinbase. After that, transfer your BTC from Coinbase to their exchange Gdax then send your BTC from Gdax to your hardware wallet(Nano Ledger S for example). Like that you have no transactions fees.
I heard about Bitstamp too which allow to transfer to your hardware wallet without fees but I'm not sure about that.

If you send a transaction it gets queued. There is a long queue of unconfirmed transactions. You can have a peak at them at https://blockchain.info/pl/unconfirmed-transactions.

The queue is in fact arranged by fee (not by the send time(!) ), because it makes sense for the miners to include highest fee transactions first - the transaction fee goes to their pocket. There are exceptions (for instance you pay an accelerator explicitly to confirm THAT transaction, regardless of the fee), but otherwise it is a golden rule - the queue is arranged by the fee, descending.

In bitcoin, blocks happen to be mined every ten minutes on average, but a block can contain only so many transactions - so the first transactions (as many as fit into a block) from a queue are included in a new block, the rest waits next ten minutes (on average) for the next block. But, if new transactions come, they may be placed first in the queue if they have higher fees. So your transaction may get pushed down and down the queue. Sometimes you have to wait very long for the confirmation. My record waiting time is 2+ weeks, in Dec'17.

There are calculators that help you  figure out the best fee - i.e. the fee that gets your transactions confirmed fairly quickly, but not exceedingly high. Example: https://btc.com/stats/unconfirmed-tx

Currently, it is 2 satoshis per byte, it is extremely low. In Dec'17 it was hundreds times more.

Now, if you send your transaction with a fee, even if it is low, it always makes sense for miners to include it in a block eventually. But if there is no fee whatsoever - there is absolutely no incentive.

I hoped that answered your question :)

Recently there has been a boring increase in anti-BTC rhetoric stating what everyone knows,transaction fees are high,confirmations are slow.I thought this was another one of those slanted as a question.Apologies if I was mistaken.

You should use coinbase and find the guys who are using coinbase, there is no fees between coinbase users.

I would really like to recruit a team with whom I could share my experience and earn together.