Bitcoin Forum

What is wrong with fees?. it is much higher now. if you have any idea or a wallet that uses low fees i will be glad to hear about it. please share with me what you do with this silly problem.

what do you mean about bitcoin transaction fee? this seems to have been a long story, I myself have not been able to find a solution to this problem. for now, I alone can only surrender to this state.

Try using nitrogensports wallet this is the current issue that bitcoin is facing right which is why one of the biggest online gaming stores namely steam stop using bitcoin as mode of payment in their games due to the high transaction fee it is requiring I mean the miner are requiring a higher fee for their services, would they even consider lowering their transaction fee.

Yes. It is crazy after you find out that you must pay more than $20 for a single transaction. I appreciate if anyone of you can share any solutions for this problem. Btw, I use Etherum and Litecoin now for transactions purpose.

Yeah, it is the main problem right now it bitcoin. Its ever growing transaction fees. I don't think we can blame the miners, it was due to the congestion that the blockchain can't handle resulting to slower processing of transactions. Users tends to use higher transaction fees for faster confirmation of a transaction.

that's how it is right now, there's nothing you can do except use some other wallet, like xapo. But yes, using some other coin can be a solution as well. Depends pretty much on the price... so yeah... nothing you can do about it except use some wallets like bitcoin core, armory, Mycelium Wallet,etc.. or use some other coin for transactions.

I think the bakers have taken over and the writing is on the wall to get out
because once again BTC is not living up to what it said on the box of having
"Virtual free transactions costs" and i will not be blackmailed by miners or
bankers.

No point having a car if the road does not work so I will be using Segwit2x to
move money because i cannot afford any fees over $1.00 never mind paying
$40 for a slow transaction speed.

They are pretty high right now, the only thing that you could do is just try to use a segwit wallet, just as Ledger Nano, Trezor Wallet. Or just use an exchange who has segwit integrated, just like binance.

Is it possible bitcoin will have low fee again in the near future?

Yes, there is a possibility that bitcoin will lower its fees in the near future. A technology enhancement called "light network" is being implemented right making the transaction faster. The reasons why there are high fees right now is because of the slow transaction process going on in bitcoin.

Bitcoin transaction fees are too high that even Steam stopped supporting bitcoin as a payment. Do transactions using fiat money. Yes, bitcoin is better because transactions are anonymous but it is too pricey.

Transaction through other altcoins still offers that. Right now, its not suitable to use bitcoin for your daily transactions. It should be kept for a long term investment.

Transaction fees are a part of the system of bitcoin and i think this is how it gains profit for all of the support they need to keep the system running alive. But i guess they need to set a standard on how much fees will affect the rates of what we are sending.

not a wallet problem that becomes an obstacle. bitcoin transactions require a very high cost. Today, so many bicoin users feel overwhelmed

After paying fees also it is hard to confirm a transaction because of miners who are looking for high price. i think if this will be increasing in future, then people have to change for another coin.

This is a problem for Bitcoin that they need to get fixed. The network gets bogged down the more transactions there are. Bitcoin will most likely be a coin for storing value in the future because of the high fees and slower transaction times unless they can come up with a fix for it.

Looking at the sudden price rise from november,many people has been going to cash out when the bitcoin price is high
And with that many transaction,it's no wonder that fees is also become high,so either use other coin or wallet that can change the fees of transaction

May be you noticed that BTC price is not 2k $ at present :) BTC fees increased in 10 times accordingly with bitcoin price.

Using a Segwit wallet you’ll have lower fees. I don’t know how low, though, as I have got one recently, but I haven’t sent any BTC, but that’s what I’ve read. I suppose until lighting network gets implemented fees will keep high no matter what wallets you use but for that we’ll have to wait for a while.

maybe Poloniex still good to pick, if not changed the fee is only 0.0001 BTC, i not open my account for a while so i don't really know if already changed or not.

Well for starters the demand of bitcoin is at all-time-high as well. Lots of movements in blockchain that's why the mempool is always full and there's that spammers who really don't want to harm the network as well. Not only you but everyone is really complaining about the current situation that sometimes we are very frustrated because we can't do anything about our transactions but to wait for it to be confirmation. I'm using Electrum wallet. One advantage of it is that you can dynamically adjust the fees yourself. Of course if you have it to be confirmed in the next 5 blocks or so, you have to pay a higher fee. But sometimes I got lucky and my transaction can be confirmed in the next block without paying that much. Again, all we can do its to wait and have patience if our transactions is not confirmed in under 3 hours.

Segwit wallet should have a faster confirmation and lower fees if we compare to a standard wallet, the problem is lack of people using the segwit wallet so we can feel a significant difference about it. And also lack of acception segwit wallet in mainstream make Bitcoin fees rise so high.

I think a fix or enhancements needs to happen before the problem of high fees can be solved. We can't deny the fact that the price of bitcoin had already ballooned to 20K, and more and more transactions are happening.

Better use an exchange. Wallets really hurt right now when it comes to fees even if you can control them.
That is one more problem. You put down the satoshis per bytes then it might be flying in the air for a long time before you receive it.

A pool is better and one is polo which services are like 50k sats. Doesnt hurt much like other which have 100k fees.

This is where bitcoin lacks its integrity in the world of crypto. The user base is increasing a lot day by day and this is bringing huge stress on the miner side. Thats mostly related with the scale up problem of the bitcoin which was supposed to be clear down in the last segwit2x but the blockchain size did nothing. Lets hope that the upcoming segwit2x will bring up something good to us. This is however not official yet but we can expect it for now as we can't do much about it due to uncertainty of the blockchain.

I am also stuck with many transaction and few of them are literally one week old or more. This is crazy and we can't even reverse the transaction at anytime because its just not possible. Very frustrating sometimes but we can't do anything but wait for it.

Is actually a bizarre situation to deal with this very high fees. Anyway, what I do is to accumulate my transaction. The waiting to gather btc is causing much delay.

9.95 today to move .1 to trading satoshi, ridiculous.

i know it doesnt work as a currency but why do all these other coins and exchanges insist on a deposit in btc. it just ruins my whole trading experiance

Its not only your problem ... If anyone know the solution please share with us ... now you can make transaction via ETH .. im doing it

The fee of sending btc in/out an exchange is very expensive. BTC was >1000$ at the beginning of the year, now it is almost 20k$ but the fee still 0.001/0.002 btc? what's an unfair practice.

I think it is better to come and try to use some new fresh wallets. You can try Mycelium, you can send there there for 1-2$

Yeah, it is a real problem right now. People prefer bitcoin over banks because you cut the middleman so you get lower fees, but this seems to be the opposite in this case

There are too much of fees on small transactions even so making transactions with bitcoin are somehow cause of a loss if you don't have large amounts as well as transaction process is too much slow because the confirmations are taking too long. If you use Segwit wallet, then it will cost low fees as compared to non-segwit wallets. Apart from this you can try the poloniex exchaging site, they have a bit low fees, I have seen some tricks on the web about that.

if you want transfer dont buy btc but buy alt after that sell your alt to btc. done.

if you transfer btc to other wallet.
1. fees very hight
2. so many unconfirmed blockhain btc (https://blockchain.info/id/unconfirmed-transactions)

but if you buy alt then sell alt to bct. its make save your time. choose wisely..

Bittrex takes 100k fee. But i got used to this. 15 $ better than 40 with blockchain.info. And i like that i got BTC really during 20-30minutes, when i use bittrex. yes, not cheap, but really fast. Anyway i try not to do any useless and not urgent payments now, im waiting better times.

Bitcoin transaction fee is very high but I think it's what makes it unique. I'm sure Bitcoin is aware of the fact that it has competitors now but if it still decides to stay the way it is then I'm sure there's either a reason or a plan. It's Bitcoin all the way for me

I'm not sure you understand about Bitcoin at all.

Fees you are finding will be recovered after 24 hours for sure, since segwit implementation inprogress now you will find the fees still high in the every wallet whether it is desktop wallet or online wallet. It will be high in all the wallets.
I think we will find the bitcoin transaction would be goes down to 0.0003 or 0.0002 btc only now.
We may find the bitcoin price also increased than we see in the price chart today.

If you have a problem with your fees learn how to save money. Because when you did not learn your fees and bills will increase too much. Fee charges are raised electronically once you have formally enrolled onto your course and notification of fees invoiced sent to your Edinburgh Napier University email address. It is very important to accumulate a lot of electricity, your fees is very low.

Bitcoin fees and long transaction times has been an issue for
quite some time. It needs immediate attention or it will
simply defeat it's purpose of being used as a currency for
buying and selling.

Fees is the only problem bitcoin having, if somehow they solve the fees issue, bitcoin will go way much up in price.

I think to consider transaction costs, Try using nitrogensports wallets. this is the latest issue facing bitcoin. and That's why one of the biggest online gaming stores that is steam stop uses bitcoin as a way of payment in their game because of the high transaction costs that require me to consider lowering transaction costs...

https://bitinfocharts.com/comparison/bitcoin-transactions.html

Transactions per day chart doesn't really support this.


Spammers?   They must really want to waste money ... but also, if spam is increased, then becuase the transactions are relatively constant, then bitcoin (legit) use is not at all increasing.


... but they're not.

I've been using block chain wallet since I started joining campaign and it's true the fees really sucks now so I'm planning to use the wallet we have in our country it is good because it has no transaction fees when transferring funds to my bank account maybe because banks here supports bitcoin transaction. I think other country has their own particular online wallet so you can try searching

high fees due to bitcoins' high value, i think fees have constant values but it differs on the exchange rate, wishing for a low fees is the same as wishing for the lower value of bitcoin. but who doesn't want low fees? or maybe free  ;D ;D ;D

wallets are interfaces that enable you to use protocols that make fees higher or lower depending on the type of address you use.
some addresses give you 30% cheaper fees and others 60% cheaper.

you can use your old wallets but will pay more fees.
use new that that support seg2x or move to some altcoins.
fee is high and will continuous keep high until LN

The Law of Supply and Demand, I think is the reason for the high transaction fees. Competition, as always, will bring the rates down. But don’ expect FREE, transaction fees are the only thing certain in cryptocurrency. Live with it.

The amount of people cashing out is probably the root of casusing the high transaction fees. When you look at the price of bitcoin was sky high a lot of people wanted to sell and therefore the transaction fees needed to go higher due to these extra demands.

i think bitcoin is the only wallet that can cash out so you have no option in my opinion.

The price of bitcoin transaction is a big problem. For those who hoard bitcoin for a few years and bought it when the price was low is not a problem. Along with the growth rates of their assets grow and transaction costs. But for those who buy bitcoin now is a disaster. If this problem is not solved then there will not be willing to invest in bitcoin. I wanted to see bitcoin as a currency, but I'm not even sure that he will live with the price of the transaction. Sorry if this is an insurmountable obstacle for bitcoin.

So what do you suggest? We should not move our coins? The vast majority of the transactions will be users moving their coins from one wallet to another, either for trading or for investment in altcoins. There are around 200,000 transactions happening every day. You can't say that all of them are made by individuals dumping their coins for fiat.

Yess, me too is little bit disappointed with this transaction fee of bitcoin. To be true, I have my personal experience with BTC transaction fee. Initially I don't understand how the took transaction fee, then I come to know that if you buy a BTC then the prices are higher than when you sell it and in this process of buying at higher rate and selling at lower rate, they cut your transactions fee. Yes I agree this is quite irritating but I am kk with it because if BTC is providing you such a huge profit then they are also liable to take some transaction fee.

many people want low fees. i know what exchanger have low fees when we withdraw. you can use zb.com and binance.com. their fee only 0.0005 btc.

Hi, I dont think that we could say that fees are higher now. Its just the USD value of the satoshis we are paying that is increasing. If you would take a look back, most exchanges still has the same fees but because of the sudden increase of USD value for btc it looks like our fees are getting higher.

I think it will be a lot cheaper to get bitcoin as the lightning updates over time, which will be very beneficial to our trade.