Bitcoin Forum

Currently the cost of bitcoin transactions is very cheap due to the relatively small amount of transactions, moving 48,000 bits per 4 cents, very cheap compared to December 2017 at some time up to $ 50 due to too many transactions at that time. . However, when the market recovers, there will be many transactions to be made and then whether technologies such as Segwit or Lightning network will help bitcoin trading faster and transaction costs do not become expensive. or not?

it is not just market "recovering" but it is whenever price makes a big move. for example a big drop or a big rise. that move means traders will be making a lot more transactions to and from exchanges. obviously in both cases there are people buying and there others selling.

BUT that amount of transaction has never been enough to cause any kind of big trouble. it is basically a small increase in number of transactions for a short time which is resolved in a short time too. for example a 10% increase for 6 hours which is over by the end of the day. the fee market in this case is not going to become that fierce like last year.

however if we see another spam attack like last year and whenever that comes at the same time with a big price move we are in a big trouble and fees go ridiculously high.

SegWit is the solution that is already implemented and is being used but still not that much. it has increased the capacity a little and it has the potential to increase it a little more. which solves things a little which is more than enough based on current adoption that bitcoin has based on what i have seen so far.

Lightning network is more like an additional layer which can potentially take the load of the main net and transfer some of it on its own layer. for example imagine traders who have an open channel with their exchange and instead of making deposits (1 on chain) and letting their coins be on exchange and withdraw (2nd on chain) their coins when they are done trading for the day, they do it 1000 times a day without any on chain transaction (well only 2 but that can last as long as they want not just 1 day) and fast and cheap. so when we have that big price move, instead of making an on chain transaction you just make a transaction on LN which is going to be instant and you won't crowd the mempool either.

No less transaction fees, but we also found that the time to confirm the transaction is much faster than 2017. In 2017 it took me nearly 1 hour to send 1 btc but now it is different. This is due to changing the way the new btc block chain works in September and 11/2017. In my opinion, when the market recovers, the number of transactions will increase but it will not affect the transaction fee, but it seems that the time of confirmation will be affected but not much.

that is wrong. nothing about how bitcoin blockchain and confirmation time works have changed. it is the same exact thing as 2009 when the first block was found. we are having 2016 blocks per 2 weeks which is approximately 1 block per 10 minutes.

you pay a fee from 0 to any amount that is standard and the miners seeing your transaction can choose to pick it up and include it in the next block they find or  choose to ignore it.
during a couple of months of 2017 there were more transactions than there was block size so a fee war/competition started where you had to pay a higher fee so that the miners don't ignore your transaction.

You know back in 2017 I have heard one person had to pay 17$ transaction fee for transferring 25$ from one account to another.

This was a total disaster, but now with segWit and this less price the fee is relatively less from what it was before.
As the price will rise so will be the transaction fees and everything else too.

But the reason segWit was adopted is because even when the price is high it could provide a reasonable fee.
I think transaction fee is a big downfall when it comes to Bitcoins it's primarily the reason why people choose other cryptocurrencies so I think in the future it will certainly decrease because they will realize how much competition there is in the market and if they didn't did anything then it will be disastrous for the future of Bitcoins.

Right now it's so and so not big not small.

I have a lot faith in the Lightning technology. The was a recent debate between Jameson Lopp and Roger Ver where they discussed Bitcoin and Bitcoin Cash, where Jameson made a really great point that bitcoin is in some way similar to the Internet which has several layers. Thus, bitcoin should be seen as a skeleton which we can put various muscles upon. Ligning has all chances to become on one those muscles.

SegWit already got pretty good adoption, so the current low fees can be attributed to it. But SegWit is only a small capacity increase, and it was never meant to be a scaling solution, SegWit is an update that fixes vulnerability with signatures, which is important for future updates, like LN.

Lightning Network will and already has very cheap fees, but this doesn't mean that on-chain fees will stay low too. First, if onchain fees were low, why bother with LN and its channels? Also, LN channels have some limits to their capacity, LN is designed to serve for smaller daily spendings rather than being your saving wallet. So, onchain transactions will still be used for big transfers, and in the future the number of those transfers will keep growing, especially during the price increases, so the fees will keep growing too. In the very long run, the fees will grow huge, easily $500 or $1,000 in the next 20 years, depending on the levels of adoption. But this will be fine, because we'll have Lightning and some other cool technologies.

I would like to reduce the transaction fee in the future, you understand it is expected of everyone

you had a point i have a same vision with you about tx hash and transaction fees so i also reviewed about segwit and lightning network. i hope they will help if the transaction of bitcoin is big. there is a lot of transaction but not really big as the trade in last month of 2017. those fees was so expensive but bitcoin has a big value in that time.

Bitcoin is gradually improving. The transaction procedure has made faster than before and they also have reduced the transaction fees. I expect that the fees wion't be increased when the price rises for bitcoin.

Fees of 500$ or 1000$? Never.
People will never pay 500$ or 1000$ for that, at this point it will simply not be worth using BTC anymore

During the last hike, a lot of users stopped paying with BTC and just waited, using BTC only when there as no other choice.
If the fees will go to 1000$ (that's half of the median wage in EU) who do you think will keep on paying those?
People, that transfer millions a day? Maybe, but those are not enough to clog the chain.

Just imagine, the network is doing an average of about 400 000tx when the blocks are full. With a 1000$ fee, it would mean 400 million a day in fees or 1.2 billion a month. Even the whales will turn into shrimps at this rate.

I really think that lightning or other technology to improve speed and fees of BTC are mandatory for the future as it could not be supported if market will go back to bull and so other serious crypto that are much more faster and cheaper.

I'm not sure if the Lightning Network can significantly lessen the transaction fees even the time of huge volume transactions specially on a Bearish market season where many investors are coming!

When the block reward halves do you think miners will flea if the transaction fees dont increase?

1. Blockspace will keep being limited to allow every user to independently verify the blockchain, so it shouldn't be strange that the fees will be going up. Since wel'll have space only for 10-30 onchain transactions per second, it will be taken by the biggest transactions, and $500-1000 will be a pretty good price for moving millions, it's less than what banks take now. Of course it heavily depends on Bitcoin's adoption, it if will be low, fees will be only dozens of dollars.

2. Don't forget that by 2030 over 95% of Bitcoins will be mined, so to afford sufficient levels of PoW security the fees will have to rise to compensate for lower block rewards. 

3. Devs are planning on onchain fees getting more and more expensive in the future, so they focus their attention on solutions like LN to make Bitcoin work as a currency for everyday usage. https://medium.com/@rusty_lightning/dear-bitcoin-im-sorry-fees-will-rise-b002b1449054

As I told you in the first post, you realize that in order to have that fees you will need approximately 400 000 people transferring each day millions worth of BTC?
There are 15 million millionaires in the world, each of them would have to make at least one transaction a day to cover this.

And do you know how much banks are charging for transferring millions?
You're going to be surprised but for business accounts at least ING charges 0.1% with a max fee of 75 euros for transactions up to 1 million.
(internationally, not SEPA).

No way, a BTC network with txs of 1000$ will never be popular and we will never see mass adoption, rather mass fleeing.


In order to guarantee the same level of protection for the chain as now and excluding the reward, the average tx must be somewhere below 20$, a bit less if segwit adoptions will grow.

Lightning won't help in this case because on-chain transactions are still going to be necessary every now and then. It won't be viable if every transaction costed $500-$1000 in fees.

Either way, it's not like the door is completely closed for block size increases in the future, so on-chain transactions don't have to be that bad:

https://bitcoin.stackexchange.com/questions/66120/on-chain-scaling-still-required-with-lightning-network

The Lightning Network whitepaper itself says block size increases may still be necessary. I'm sure we'll eventually reach a healthy middle somewhere down the line.

I think the more expensive bitcoin price is, the more expensive the transaction fee because the fee itself going up when the difficulty of bitcoin mining is increasing.
Hope in the future there are cryptocurrency with very low fees and very fast transaction speed.

Well that’s right that the transaction fees were high in the past time but now it is very less. Which is very good and it is liked by every investors. I think that when the market will again recover this rate won’t get high anymore it will be in a constant position.

Nice and helpful informarion. I think new ways will be found to assure the transaction with low transaction cost. On that emergency time, Segwit or Lightning network can be used to avoid any complexity.

Given that the market is in a dip, this has resulted in a low level of investment. Because of that, the transaction fees have also drastically and are coming off as cheap. But, according to the analytics, at the end of the year, the prices are supposed to go up, and the market's condition will be improved.

I think that transaction fees are oftentimes connected in ratio with the amount of transactions or usability of bitcoin. And even with money transfer facilities they based payments with the amount of money. So I think it would happen that if there would be problems most especially with more transactions taking place the greater the payment will be. So in the future should bitcoin go back to its all time high maybe bitcoin will have higher fees again.

Sometimes transaction fees become high to have fast transaction process due to the traffic. But no fees little bit become cheaper because less people transact due to the low price of coins. There is a possibility to go back to high fee when the price do good in the market which make you to get high amount of earning to used the fee worth.

When I look and I look at the issue of transfer fees it could be due to the issue of bitcoin value or price that takes place when making a transaction.

The fee never would be free. It will be not advantageous and convenient for developers of Bitcoin. The system also needs to get it money to develop the system, technique and other things. And where you saw the free cheesse?

Efforts are continuously being made to make this transaction process faster. We hope soon the market will rise back to its previous position. Let's see what happens.

Certainly time will come when a permanent solution will be incorporated to solve the Bitcoin transaction fees and time issues. I think the lightening has good plans to do this and we hope for it to be incorporated to better bitcoin user experience. However, other solutions can also come up lateron to perfect this.

perhaps the future cost of upcoming bitcoin transactions could be bigger and also keep up with the rising dollar prices that are getting more and more up the price per dollar.

The transaction fees are low because the market is in a dip. This is the result of the people selling out their coins which are at a low price now, causing the demand of the coins to fall and so does the fall in the transaction fees have occurred. This will all be rectified once the market recovers.

People nowadays are selling out their coins because they are panicking on bitcoin's price now in the cryptocurrency market. Because of that transaction fees are in low cost coz the market is falling down. Despite all of these, there are lots of people still using bitcoin.

Bitcoin chargers depend on future activities, how to people awareness on utilization BTC with regarding payment transactions small small amount fees add, this is my view. 

I believe in future bitcoins transaction fee will decrease. Because more peoples are connect with this market and bitcoin can reduce their cost. If this happen then bitcoin popularity increase more.

I believe that the future bitcoin will be accessible in a certain place,market, transaction and value that can help the society and with that if the bitcoin  will be more active and being expose to the market and with that maybe bitcoin can be the source of income and productivity of a country or people.

There is a possibility to go back to high fee when the price do good in the market which make you to get high amount of earning to used the fee worth. I think that when the market will again recover this rate won’t get high anymore it will be in a constant position

The developer need commendation. They are not distracted by the threats of ban, regulations etc. But they are focused on improving the service delivery of quality of networks speed and capacity. These improvement has made this reduction of fees possible and more and more improvement are coming.

The future bitcoin transaction fees can be expensive if the market starts recovery. Because any big price change either positive or negative makes the transaction more. This may result in high transaction fees.

After the fall in activity in the market, the price of transactions decreased. Everyone is concerned about the prices. It seems to me that the problem of transactions is simply forgotten and after the price of bitcoin begins to recover, this problem will return. But nothing depends on us and we can only watch it.

BTC transaction fees in the future really depends on the price of BTC such as denoted in the post at the OP... Imagine BTC at $1b in which 1sats will be equivalent to $1, if the same transaction fees that webare using now is implemented on the then network, it means a transaction fee will be approximately $50k, which is impossible. As the price of BTC increases the transaction fee in SATs reduces so as to tally with the fees on the BTC network.

I think the probably the future blockchain development process would help us to decrease the amount of fees that is needed in order to send all transactions, because for now in early July 2018 the Feast begin to be insane, ~80 GWEI

For developers?
Bitcoin is not your average shitcoin where the developers take half of the coins with a premine.
The only ones that receive the fees are the miners.

Learn more about BTC or go back to the shitcoin section.


There is no charge. Nobody charges you anything.
Transactions are processed (included in a block) based on the fees, you don't want to pay a large fee you simply don't and you have to wait.
There is no "charge".


You're contradicting yourself..
If fees really depend on the BTC (which they don't) by the time bitcoin hits 1 billion they will also hit 1 million no matter how many fractions of a Satoshi you pay.
So, will they go up or will they not? Because what you say really doesn't make sense.


This is BTC , not the shitcoin section. Gwei is for shitcoins.

I guess transaction fee will go back to a high proce again once the value of cryptocurrency or bitcoin bounce again because I think fee also depends on a high and low value of bitcoin. That's the reality we have to accept, if we don't pay the fee no matter how much is it we can not pursue the transfer transaction. I just hope there is someone who can do something about this because despite their higher fee their transaction is very slow.

Crypto market is fully infected for price based on this many coins are trying to recover somehow this tragedy based on this people of investors are getting facilities that they can do transactions at low price also its very good news for users . Based on this situations we need to invest more.

I believe that bitcoin transaction fee will decrease in near future because they want to attract more and more people to come to bitcoin and use it.

Do you know why on december bitcoin price was expensive ? It was because the price of bitcoin. The price was skyrocketing at december 2017,
so the bitcoin fee is very high too. Many peoples bought bitcoin because they didn't want to left by the hype train, many transactions have been made so the fee high.

It's unpredictable, if there will be another attack or spam to the network it will cause the same congestion to make the fees expensive again last December.

Thats right.  The price of transaction fees will also be dependent on the value of bitcoin . that is the reason that the fees last year are more expensive than the fees today .    right now , we cannot predict what will be the transaction fees on the future because bitcoin will always be volatile  .

@op , if fees is you only concern when using a bitcoin , then i suggest youd better use some other alts like dash or litecone because those alts were known to have a cheap fees plus , their procesing time is also more faster because they are less indemand than bitcoinm

Speaking about transaction fees in converting Bitcoin to fiat currency or transferring BTC to BTC, I agree that it would be expensive once it moons. As of now, Bitcoin has high liquidity because it's still a "bubble" in most of our eyes. I just don't know about lightning though, in which it could make Bitcoin transactions faster than ever. However, I just don't know if it has also the capability to maintain its fees. Just my two sats.

Btc should reduce their transaction fees.

Not only reducing transaction fees but also the the speed of transaction should be increased.

Well i have no complain with the transaction fees. I concerned about the rate of transaction.

In future btc authority will definitely reduce the transaction fees.

Lightining network and Segwit  will make the price down in future which will be more faster. Transaction fees are also deceny if you compare with other assets on markets nowadays.

it does not seem to matter. when prices rise, and trading volume rises, it will not make bitcoin transactions slower, or with large fees, will not make bitcoin transactions any faster.

In my opinion. in the future, bitcoin transaction costs will continue to be adjusted along with the development and growth of crypto transactions. so it is possible to create rules and policies about the cost list so that it can be applied to all crypto exchange sites.

Btc transaction fees are very high need to reduce.

Btc is for all. But it seems the transaction fees are for rich only.

Bitcoin is on the rise right now. I don't know whether it will be even higher in the following periods. However, as the price increases, the transaction fee will increase. It has to come to some more reasonable levels.

If we do not pay the fee no matter how much we can not pursue the transfer. My opinion. In the future, bitcoin transaction costs will continue to be adjusted along with the growth and development of cryptographic transactions.

I think from the next rise that will happen to all the currencies we will see a rise in all the prices

More and more exchanges based on SegWit are expected to have a significant impact on the bitcoin transaction fees. Bitcoin transaction fees have fallen more than in 2017. A user on Reddit reported that he has transferred $ 16,000 to 2 BTCs with a transaction fee of only $ 0.20. Perhaps the bitcoin trading network is now clearer, and codec trading platforms have now begun to reduce transaction costs to the lowest level to compete against each other. On 1 March 2018, Binance fell 50% to 0.0005 BTC per withdrawal. The next day, Bitfinex did the same thing for a fee of 0.0004 BTC per withdrawal. And ShapeShift is the most shocking with a fee of 0.0001 BTC per withdrawal.

I see there are not change of fee transaction by sending or withdraw bitcoin to other wallet, only have change value but the cost of bitcoin fee transaction is still the same like before. Maybe last two year we found fee transaction is low but today is high, it how bitcoin have value.

Although bitcoin fee is already lower than before now, the transaction time of bitcoin still remain the same.
If bitcoin can improve their block time, then it will be no time to become a global currency that everyone using without waiting for long.

Based on my observation , i see that bitcoin fees will only depend on its current value . so if bitcoins price will be expensive on the future , we can also expect a high cost transaction fees but of course that is only temporary because bitcoin will always be volatile which means it can fluctuate from time to time and as a result , the transaction fees will also be high and low .

The speed of the tramsaction will also depend on what is the value of bitcoin . less demand is equals to less price and will also  result for faster processing . while more demamd can lead to high price and congested network .

i think segwit can be option beside bitcoin to make a cheaper transaction cost and faster transaction, but i think transaction fee of bitcoin is much cheaper than fiat money transfers

transactions usually have a trade discount turnover so this benefits each other and provides a good way. but if the pieces make too much trouble and a party it must be fixed and repaired the working system so that we are afraid to make transactions in that market.

yes, you really said that bitcoin transactions will become money in the future and there will be no more virtual money and we can enjoy the currency in the future

Bitcoin is one of the best crypto currency. it's have more ability to change our economy environment. Bitcoin transaction cost now high. but I think, in future more people, more country will acceptable Bitcoin and everyone will using Bitcoin. then its  transaction fees will so low down. you can using it and create your future.

Bitcoin transactions fee is the charge taken by different miner to complete an transaction. In current time its transactions fee is higher than before and this is because of its increase users number and less block size. Block size of bitcoin mainly influence the transaction fee. Small block creat transaction traffic and this thing ultimately increases the transaction fee. Block size varies according to the miner set up. I think in future bitcoin will be increase its block size due t heavy transaction load in its network and this thing help  to reduce bitcoin transactions fee.

Yes it is lower if you compare with December 2017 fee because bitcoin price was at the highest point, causing the fee high too.
Bitcoin is the most popular cryptocurrency in the world, if the transaction cost reduced, and the speed increased, then it will be a global currency surely.

It depends on how much Bitcoin will cost in the future. If we are talking about $100k, then obviously we are looking at $500-$1000 as a fee per transaction and again on the other hand we have many emerging crypto that does not consume a lot in transaction fees, a good example would be $NANO (no transaction fee at all).

It will not make the transaction bitcoin slower, or at a large charge, will not make the transaction bitcoin faster. In the future, bitcoin transaction costs will continue to be adjusted along with the growth and development of cryptographic transactions. Very high transaction costs need to be reduced. But it seems the transaction fee is only for the rich.

Bitcoin transactions fee is the charge taken by the miners in order to complete an transaction through bitcoin network. Transaction fee is same for a particular amount of money  transfer in between in a country or out side an country. Future transactions fee will be decrease, due to increase bitcoin user it developer try to increase the block size of it. Better block size better transaction speed and less transaction cost. And many companies start using it so in future its uses also increases and its block size will be increase.

High transaction costs in Bitcoin are actually more determined by Bitcoin users who are competing to get transaction confirmation as quickly as possible. Thus, the highest paying user will benefit from the fastest transaction confirmation, while defeating users who pay lower transaction fees, where the worst case of the user's transaction has never been confirmed!
If only every Bitcoin user agrees to pay a reasonable transaction fee (10,000 satoshi per transaction or 10 satoshi per transaction byte), then the opportunity for each user to be confirmed for the transaction will be evenly distributed. In this case, maybe other factors such as the size of the transaction, the number of transactions, or the age of the coin will have more influence.

It looks like that only not very big part of the hole industry use segwit adresses, unfortunately. But even if all users do so, segwit does not completely solve this problem. It is just moving it a bit. So it Will not be enough to make Bitcoin great for every Day Micro payments, but some solutions above could do it. For example LN, but for now it is very little implemented over the industry and it is quiet Hard to use it for ordinary people. So we need more development and adoption to over Come this problem, or we could use other coins to make Micro transactions)

Some brokers charge a high or low rate, will depend a lot on the way they work, Coinbr does not charge BTC transactions, or the other alternative is to exchange for some altcoin such as DOGE to make some movement of their currencies

When bitcoin prices increase, transaction fees will increase. If we do not pay the fee even though we can not pursue the transfer. In the future, the cost of bitcoin transactions will continue to be adjusted along with the growth and development of encryption transactions.

Bitcoin must reach a more reasonable level. In the future, the cost of bitcoin transactions will continue to be adjusted along with the growth and development of encryption transactions. More exchanges based on SegWit are expected to have a significant impact on the bitcoin transaction fee. A user on Reddit reported that he had transferred $ 16,000 to 2 BTCs with a transaction fee of only $ 0.20. On March 1, 2018, Binance reduced 50% to 0,0005 BTCs per draw and shocked ShapeShift with a fee of 0,0001 BTC per withdrawal. Perhaps the last two years we saw low transaction fees but today is high, it's how bitcoin is worth. So, if bitcoin prices are expensive in the future, we can expect high transaction costs, but of course it is only temporary because the bitcoin will always fluctuate, meaning that it can fluctuate over time. As a result, transaction fees will be high and low.

lightning is just a way for some closed structures, but not for the whole community and not at once. therefore, the increase in transactions, we may still see

I think the transactions fee of bitcoin will be not different too much, except you convert it to fiat.
If we convert the bitcoin fee to fiat currency like USD, then of course the fee will be depends on the price of bitcoin in the market.

in my opinion, the crypto transaction fee in the future will be quite stable, considering that the usage is only within that scope, unless later the application of bitcoin will expand, it will be possible if the transaction fee also goes up

Transaction fees has nothing to do with and doesn't correspond in no way to the value of bitcoin at all. Fees increases when there is a lot of transactions and it chokes the network.

Actually, Lightning and other layers might be a good way to scale. Each of these solutions still forces their users to broadcast on-chain transactions at the beginning but this can be also partially fixed (channel factories). Lightning Network transaction fees are usually near zero. This will never be achieved on-chain due to limited block weight (long and controversial topic). It all depends on how you perceive Bitcoin. Either as a store of value or as a currency.

With the new technology that has been renewed there is a possibility to overcome the transaction costs that are very expensive and when it happened in 2017. I think, if Bitcoin wants to continue to be used by others, then Bitcoin must be able to overcome the problem Costly fees and transfer speeds very long data, in order to compete with other stocks.

I think future transaction fees will be stable and will goes high most especially that many will accept bitcoin as mode of parments or use it as mode of transactions.

Because bitcoin is still new and users are not as much as fiat money, of course the cost of bitcoin transactions must be cheap as an attraction. Without the advantages possessed, it will be difficult to compete with banks, because even though it is more expensive, banking is more commonly used. In the future, bitcoin must issue more competitive products so that more users and governments can accept Bitcoin.

For me, it will help the Bitcoin to lower the transaction fees and it will be fast to transfer bitcoin from one another wallet. It will help everyone, specially those people who are struggling on transaction fees. It will help people to reduce their cost on transaction fees.

bitcoin more efficient in the future. when the development of bitcoin in some developed countries is fairly rapid, for example in japan that has made bitcoin legal in this country. regarding price movements, the rise and fall of bitcoin prices is purely due to the level of demand and supply. no one can predict the price of bitcoin, but with more countries and merchants receiving payments in the form of bitcoin, the existence of bitcoin in the future is predicted to continue to grow.

Transaction fees are higher due to the choice of traders, all require transaction speeds so that $ 10 - $ 50 is not a problem for traders because the number is relatively small compared to the profits they get. The arrival of the concept of bitcoin allows no transaction fees, but that is impossible because miners always choose transaction processing based on costs not based on queues. Transaction fees are cheaper when you want to trade on a bitcoin core network, but when transactions are exchanged it is really different. You understand what I mean, it's business.

The future of bitcoin transaction fee is based on how much of bitcoin price time by time, we can check more lower fee at the first time bitcoin know to public, it happen because bitcoin price still lower but now we can faced with higher fee because bitcoin have higher price.

In future i think that fee will be less than now because many exchanges will be in presence and now the transaction fee is high because of few exchanges and sites that provide us the best features to us so i think that in future everything relateds to crypto will be large in number.

The cost of bitcoin in the future will be very beneficial for us on the transaction and may be faster than the current may be bitcoin transaction will be improved than now and the price is reduced, more than the present. But still keep the security as the current blockchain software. 8)