Bitcoin Forum

Hello people, I am planning to make my first investment in bitcoin. but my knowledge on transaction fee is bit low. Could you please share the platform that is reliable, supportive and charges comparatively low than others??

Thanks in advance.

transaction fee is charged by network (miners), it doesn't normally depend on the service you're using. Unless they change the average fee to more and less in that case it can cause your transaction to get confirmed either faster or slower.

Transaction Fees (Network Fees) are set by exchanges itself so I can't say what will be the one who will fit on your own criteria. In terms of "reliable", at least the popular ones can be considered but take note that we will never know their behaviour in the future.

In terms of Withdrawals fees, you can take this as reference. (My last withdrawals)

Withdrawals:
Poloniex - BTC0.0002
Cryptopia - BTC0.001
Coinbase - BTC0.009 - 0.001 (varies)
XAPO - above BTC0.0015+ (last January IIRC)

one of the best crypto currency is bitcoin because BTC transaction fees are always low than others and that’s why this coin is the best crypto currency in the world many crypto currency have been created but this coin is the best one so crypto currency market is ruling btc based on this many investors are investing their money on it and there is lots of facilities so people are more encouraged.

The transaction fee is usually set by exchangers. If you are investing for the first time, try the popular ones. Make a research on the exchangers and then decide which one to chose.

I think poloniex is good and it has low transactin fees than others. So, you go for it. It's quite famous for having low transaction fees and it's very safe and secured.

The best platform to use for purchasing bitcoin always depends on what country you're in. If Coinbase[1] or Gemini[2] supports your country, then go with them. They're probably one of the top platform to use for fiat<->crypto. Just make sure to send out your BTC to your own wallet afterwards.

[1] https://coinbase.com/
[2] https://gemini.com/

I use gdax.  If you use limit orders, transaction fees are zero.

Network Fees doesn't generally depend on the service we are using. Generally i prefer Coinbase, and Transaction Fees of Coinbase is around BTC0.009 - 0.001 . it varies actually.

BTC transaction fees are always low than others and that’s why this coin is the best crypto currency in the world many crypto currency have been created but this coin is the best one so crypto currency market is ruling btc based on this many investors are investing their money on it and there is lots of facilities so people are more encouraged. ::) ::)

You can see the comparison for these exchanges.

https://en.bitcoin.it/wiki/Comparison_of_exchanges

No, you can't, actually.. That link/article only gives (outdated?) maker/trader fees for a number of exchanges, not how much their withdrawal fees are ... ?

Also not true. there are many crypto's out there which even now (while bitcoin has a relatively ""low/empty"" mempool)have much lower fees than bitcoin (0!)...

I see. This guy above you simply rephrased your answer. that's funny considering it was absolute garbage.  

I think if you want to pay less fee for every bitcoin transaction you must use a wallet, which is segwit support because it gives you less miners fee than using unsupported segwit wallet or legacy wallet.

If you use a wallet with segwit addresses every time you send a bitcoin to other bitcoin address they charge you a small amount of fee compared to non-segwit addresses.

I suggest that you use electrum wallet instead because it supports a segwit addresses and you can adjust the miner's fee from high to low.

The other wallet that I use is coinomi which supports segwit addresses for bitcoin and the good thing they also support altcoins and ERC20 token.

If you use a crypto-fiat exchange, you can convert fiat to BTC with little or no fees.
GDAX and Binance are two exchanges with very low fees. We got into more detail on how to go about choosing an exchange in our blog post, so check it out  :)

http://bit.ly/GuideToExchanges

Cheers!

The transaction fees are dependent on the exchanges and for this yiu can only find it out which will be the least one for you. I will prefer you to do the researches by youself alse you can get wrong information.But according to me the cheap one is Coinbase. it is reliable too.