Bitcoin Forum

why has the bitcoin fee for each transaction recently been so high?
It was easier to send 10-15 usd before but these days the fees are more than that.
Any wallet which takes less fee?Im fine with delayed confirmation.

The wallet that you're using doesn't matter provided that it's a wallet which allows you to customise your fees (which is most of them, including all of the good ones).
In that case, you should try using this site (https://bitcoinfees.earn.com/) to find the lowest fee that you can send without  the delay on the right reaching "infinite" or being close to that.

Currently, you could try sending with a fee of 20-30 satoshi/byte, or for lower risk 70-80.

The bitcoin transaction fees are rising because the network is getting congested.
Also, the bitcoin price is rising meaning that for the same txn fees in bitcoin which you paid now costs more than 15 usd.
Many wallet have the feature to adjust the fees. In electrum you can set it to minimum but you may have to wait for long to get it confirmed.

Hmm. It is a problem for new user. Because we don't have much more btc to pay transection fee.

This is actually the biggest problem of BTC, we have to hope that this will be better in the future. That is also one point where altcoins are much more better then BTC in the moment.

Two months ago i wanted to trade 0.01 BTC and the fees were about 5€ and i thought that this is very expensive but now it is more then 10€. So the only thing that you can do is to use a wallet were do you can do custom fees but then the transaction will take a lot of more time.

This is definitely going to have to be addressed at some point. When the transaction fees were lower, I think people were thinking that this was a feature of the bitcoin environment. If the fees increase now because bitcoin costs more and the network is congested, this is bound to create problems for most users.

So far speed of each transaction is affected by transaction costs incurred, some transactions will be slower if using lower transaction costs, probably because bitcoin price is very high as if transaction cost feels bigger and expensive, but in my opinion it isn't a burden if it has substantial incomes in bitcoin.

I transfer on the trading platform, received my 0.002BTC fee, transfer fees are too high now, a bit unbearable ah, really expensive. If you can use the other, but there are differences, so I am very contradictory each transfer. However, BCH transfer fees are relatively much lower! Time can also be converted into BCH, but the exchange rate risk, you know.

Fees are not determined by the wallet, unless you are using some strange off-market wallet that none of us tend to use. The fees are determined by the amount of inputs your transaction has, and the amount of received-transactions that constitute the amount you're trying to send is what is called thee inputs. These inputs add Size to your transaction, and you pay a transaction fee based on size, Satoshi per Byte. Each input adds something like 180-Bytes if I'm not mistaken onto your transaction; I was sending transaction fees of 175 Satoshi per Byte and getting my transactions confirmed almost immediately even at the height of the congestion a few days ago.

Your 10-15 USD may be difficult to send because of the manner in which you have received it, also with the price of a single Satoshi being so "high" right now, it causes ever input towards your transaction to be extraordinarily costly. It's easier to not think about Bitcoin in terms of USD in my opinion, if you think about the fees in this way you'll never send any coin and may miss out on some opportunities, because you're irrationally upset about things you should already understand.

No wallet can "take less fees" and give you any better outcome, this is determined by miners and the network itself. The wallet is just the customer representative you're choosing to be upset with today. I say hold your coin until it is worth it to move around or eat your losses and get out of the game before the fees are even more USD.  ::)

Dang I just halted a transaction because the fee was too much. I chose an altcoin to send the payment. I wish and hope bitcoin solves the fees issue.

My opinion, if you want to do a higher cost transaction, your confirmation will be faster. and if you do not want to lose profit on bitcoin, it's the best thing for us to do so. so also with low cost transaction it will take a very long time , so you will lose the opportunity. because the look at bitcoin prices is currently very good, compared to before.

The mempool is getting larger, the transaction exceeds the block size, that could be the problem. The only solution is to implement the lightning network as soon as possible since it could significantly improve the problem that Bitcoin has.

Because the demand for bitcoin has increased greatly and people are priotising their transactions by setting high fees which as lead everyone to follow.

You will only take advantage of such services if you are sending the bitcoins on the same platform with little to no fees and with the high miner fees bitcoin is best used to send larger amounts of money than sending small amounts like 20 dollars.

If we convert to local fiat bitcoins miners fee it is so high because bitcoins value now is so high. For example if we have a 0.005 btc transaction fee before when converted to USD it is just about $1 but now a 0.005 btc is worth about more or less $10 now same btc value but different local fiat value. :)

yes, I think it's a bitcoin rating today, usually good stuff, then the transaction cost will be expensive.
if you want cheap, I suggest to you, so you can use etherdelta market.

Basically bitcoin network performs about 7 transactions per second when the tx exceeds that limit the algorithm is set to increase tx fee. This algorithm is implemented to prevent spam.

Well I have encountered this one, I sell tokens and its not a big enough profit and the required fees were almost 47% of my Bitcoin to be gain, and I have no choice than to pay what they are aquiring cause it will be zero for me. I hope they will lessen fees.

Bitcoin transaction fees are getting higher every day because millions of people are conducting transactions over bitcoin blockchain network. The more people on the network the slower the network is going to be. But if you can pay the higher transaction fee (miner fee) your transaction gets processed quickly. you should try Xapo i think their transaction fee is more affordable. 

Xapo tried to rob me over 1 million of satoshi

they attracted me without transaction fees.
Then they have set transaction fees
And now they forbid me to access my account because I have not an android mobile phone.

To attract me it was not necessarary...

For me Xapo is my biggest scammer.

I think every wallet fee is high at the moment due to blockchain traffic and number of transactions occurring per seconds also very less like only 7 transaction per second is done.But normally thin number will be around 30 transactions per second.Currently 130K pending transactions in blockchain network so you need to wait for that traffic gets clear to send with lower fee.You can tray wallets with customizable fee but if you send too low fee your transactions will be pending for months,so if you don't know to customize the fee then just send it with default fee.

You are right. Xapo really want to switch completely to the use in smartphones. Now this seems like a Scam but maybe it's due to the fact that they want so to protect your money from hackers. I also had a problem with this wallet. I had an Android but the app no longer supports version 4 Android. To access your account I had to buy a new smartphone.

Yes you are right that nowdays the transaction fees increased too much.The main reason of increasing fee is that the nowdays the price or btc is also increasing too much.And nowdays many new miners come to the market.So the difficulty of every block increased than the before blocks.so it's take more time and. It's also consume the more electricity therfore the mining fee is also increased.And therfore the fee of transaction alsoincreased. I suggests you to use zabpay wallet beacause  it's fee is very law than any other wallets.

I agree,it's a very good protection...even meself can not take my BTC.
But I can not spend for an android more than I have on Xapo.

The reason why transaction fees are increasing is there are lots of individual who are making Bitcoin transactions and most of them are still unconfirmed transactions, that will makes Bitcoin network congested, more unconfirmed transaction expect higher fee. You can't avoid to pay higher fees if you want you transaction gets confirmed in short period of time. You can try using wallet that have a segwit features it may not solve the high transaction fees but it can reduce it. I don't know any wallet that support segwit except ledger and trezor. If delayed confirmation is fine for you then pay low priority fee then you can use transaction accelerator service.

Get bonuses from yobit.  You will like it. https://yobit.io/?bonus=tcOBV

IMHO you can send 100 satoshi per byte and try to push the transaction with free accelerator like viabtc. That way you could somehow save a few dollar if you are worrying about transaction fee.

P.S At the time of writing this the bitcoin transaction minimum fee is 0.001BTC

Demand of bitcoin is increasing and people who transact on it everyday is increasing too so that affects the fee when we are sending to other address. The wallet that I use now is blockchain.info and it's recommended fee is changing from time to time so I tried to transact today and fee isn't that much.

If you did not mean to pay a very small fee for your transaction viabtc will not accept and also it's hard to get accelerated there it's always try again later.

Whenever a bitcoin transaction happens, a miner needs to verify it. A miner will do it for some fees, so as the prices of bitcoin rises and the number of bitcoin transaction increases, the miner's cost will increase. Whenever you are making a transaction make sure you include the correct miner fee, many wallets give recommend what fee's to be paid.

No wallet take less fee. The wallets help to tweak the transaction fee in order that your transaction gets confirmed in as few blocks as possible according to the current rate hence the high transaction fee. Even if you are fine with delayed confirmation you still need to pay some fee all the same. The last transaction I did of $47 last Tuesday, I paid $3 as transaction fee (low priority) and the transaction was only confirmed this morning. The wait was not worth it for me.

From what I know, most exchanges have about a 0.5% fee, no?

LOL. I just used Xapo for few days before and I never using it one more time :)). Xapo users have to pay too much fee, with other wallet we just need to pay the transaction fee but with Xapo we have to pay transaction fee and deposit fee. LOL. When I received about 0.0001 or 0.0002 BTC from few twitter tasks, It's just enough to pay the deposit fee.

It's because of the bitcoin price I guess :) I think the more in rise the more fees needed, or I think it's because of the wallet you're using? Try to use some exchanges, as a wallet who has a low fee and transferred it if you need to withdraw or theres some wallet who has a low fee try to explore :)

It doesn't matter which wallet you're using there's a way to decrease the fee. I my self use the customize option to pay low fee, and the wallet which i used is block chain. Also i would like to add more there's limit of customize like you can't pay 0.01$ fee for big amount. You can blame the networks also which is growing and price which is causing so high fee.

I dont worry now cause of  increasing the fee, i advise you just to wait till the blockchain will not so be overloaded. Crazy bitcoin price rally attracted attention of many new investors and traders, so there is nothing you can do with. Here we see the work of the basic  market law of supply and demand. The more people are ready to pay these transactions fees, the higher these fees are going to be. Don't make small not urgent bitcoin  transactions and no problem.

Mine too the transaction fee is so high , like let's say 1000 something like that on ph , the transaction fees on coins.ph is almost 1500k pesos. But I don't know in some other wallet , my question to is there any wallets that have less transaction fees? And as far as I know why the transaction fee is so been high , is because of the price of bitcoin to I guess , the price of the bitcoin is extremely high so I guess the transaction fee would be too. Because of the demand of it.

If you want to pay less for transaction fee I think you should use Bitcoin wallet that you can set up your own transaction fee like Electrum. But for now when Bitcoin mining difficulty is really high, I think we need to pay more for transaction fee to complete our transaction fast as normal cause it'll take longer time to mine a block. Although you can customize transaction fee but you should pay at least 0.0003 for it.

Can anyone create a way to charge BTCs easily adjusted like ETH? At present, the high BTC fee is too difficult for investors because I was rejected too!

In Bitcoin Core you could set your own fee, but then you risk not getting confirmed for days,maybe weeks.

Hope there is a way to have less fees in every btc transactions. These days every doing transactions is in large fees and some users hesitate for doing transactions because of this. I hope their would come up for a resolution of charging this high fees.

I am already using Bitcoin Cash for making most of my transactions. Even after calculating for the fee in converting BTC to BCH, and then back to BTC, it is still profitable (for small and medium sized transactions).

because the BTC price goes up so it's reasonable if fee Bitcoin also go up.
I am not concerned about the BTC fee because my income is more than ever.
I think the lowest fee of all markets is around 0.0005.

btc value is very high,so no wonder that transaction fees will be so high too.but be intelligent,make some way to lessen your fees,your profit will be useless if you didn't find some techniques to lessen fees.

This is one of the major problems that bitcoin is experiencing. the amount of the transaction is too large making the transaction is delayed and confirmed time lasts, so only increases transaction costs. This is one reason why Bitcoin cash was born. Even in the developed countries, users also started complaining about Bitcoin transaction fees. bitcoin must resolve this problem before investors moved to altcoin better it

I think the main reason why it is starting to get high is that because of its currency, I think that bitcoin is slowly getting attention, this is why BTC fees are starting to get expensive, because they know that people would tend to strive hard and influence more if BTC fees start to crack up, but still I don't its our loss since we gain the exact amount we need when we invest or mine BTC so I think there's no problem with that.

IMHO you can send 100 satoshi per byte and try to push the transaction with free accelerator like viabtc. That way you could somehow save a few dollar if you are worrying about transaction fee.