Bitcoin Forum

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

If You need deposit or withdraw just use conversion Etherum or Litecoin for transactions.

If you think the bitcoin fee is too expensive, I suggest you convert your bitcoin to ethereum/doge/litecoin,
and the total fee which you paid by converting your bitcoin is more smaller than the current bitcoin's standard fee.

Recently I read in news that lightening network is being tested and a transaction was successfully made upon it. If lightening network came out to be successful, then yes, there would be a huge fall in fees on the transactions which will be executed on lightening network. This is something which has the potential to boost bitcoin utility and adoption to much greater extent and might solve the long going scaling problem. Right now, these slow transactions and high fees are limitations o bitcoin development. Things are being done to solve it. Have patience!

the reasons for the current high fee when converted to FIAT are dual:
1) the fact that the current transaction volume is higher than the capacity of the blocks
2) bitcoin does not care about the fiat value... The current fiat value went trough the roof, so when you payed a 0.001 BTC fee in the past, the fiat equivalent was much lower than when you're paying a 0.001 BTC fee right now

I do agree that the fiat price of an average transaction fee is waaaay higher than it *should* be, but like others have already said: the lightning network is being developed, and if more and more people would switch to a segwit wallet, the problem should also become less pronounced.

Too bad that is is not easy to fix. maybe a good fork will do the trick

Due to the increase price of bitcoin value the transaction fees
or getting very high, I hope this issue can get solved by the bitcoin
online bank merchants. But I think it will be fine after the bitcoin
price gets stable.

yeah i always do the same with you when i sent my balance to another accounts.
almost convert all of them in to doge coin before make a transaction. 

I hope that will be some softforks to increase transaction speed and decrease fees, because it is really high now.

Currently only the congestion in the network is causing the huge fees upto 350 sat and more, if you consider 100sat/byte as fine fee then we should be back to it if BTC somewhat stabilizes and people stop flooding the mempool with transactions. But obviously this isnt a soultion to the high fees and already BTC is lacking in becoming a real currency because of these high fees, the lightning network can solve this so lets see.

How to manage BTC transaction fee. To all all costs in advance & be sure that transaction will be transmitted. Any hints?

I agree that transaction fees is really high now, but I hate more how long it's need to complete transaction. This days there are many new people starting with bitcoins so there are transaction volume little higher then usual. I hope it will be solved with new lightening network that they tested last days.

I think that the load on the network will not decrease. In time, it will even increase.
A comprehensive solution to this problem is needed

Number of transaction is increasing and many of those transactions are being made by newbies who are only including very small fee which is not enough to make the transaction go through confirmation. This is increasing total number of unconfirmed transactions in mempool.

Many are paying high fees because they want to get faster confirmation when they are moving their coins in and out of exchange platforms, so those transactions are getting confirmation because of priority based on fee per byte.

Just wait for next few days when mempool will have less uncofirmed transactions fee will go down...

Track bitcoin fees at https://bitcoinfees.earn.com/

After last fork bitcoin transaction fees recovered somehow so after transaction are that harder to make and ethereum gas price also good in the every online wallet providers. But suddenly last week onwards gas price has been increased and most of the ethereum network transaction are delayed with the high fee as well.
I am using blockchain wallet I see the transaction fees is around 15 USD and little more for every transaction. This seems ridiculous by the wallet provider.

high transaction cost is normal and it is as a result of increasing rise in value of bitcoin. however i think online bitcoin wallet like coinbase and blockchain offer lower transaction cost than other desktop wallets like electrum. also the higher the transaction speed the higher the cost. high transction cost means less block and fast delivery while low transaction cost mean more blocks and lower delivery rate. so it all depend on choice.

yeah is high, because there is only 1mb per block allowed in the first place.  So you have think every 10 minutes 1mb of data
is allowed.  Its a swindling amount of data and also the miners will always pick the high Transaction fees so is like people are bidding against each other just send their bitcoins.

I tried to send some 100$ in BTC to someone and the economy level fees on Mycelium is around 20$. Why will anyone use this kind of service in the future if it is like this.? I sent using ETH later on as it has much lower fees or even Waves has low fees.

So what man i don't understand why even complain you all speculate and hope that btc becomes $20k $40k god knows what all weird amount and when it reaches that most of you regret for not purchasing earlier and start complaining about fees.

Increase in price will come at a cost and that is the fees if you are a penny holder go invest in alts btc isn't for you there are 100's of alts which have fast network and really low fees.

You dumb online wallets will have higher fees because you don't have a option they want the speed to be a little faster with desktop wallet you can save a lot more.

ya Bitcoin transaction fee is very high !!! I guess it will get low as the hype and the bull market gets over for a while. I transferred $360 of Bitcoin and the fee was $25  :-\ I believe that is quite high.

The reason why it looks high right now is because Bitcoin's price is now above 16000$ making it look high as the value of Bitcoin is expensive. But in terms of Bitcoin it has still remained the same. The network fees in Coinbase are around 70,000-85,000 which I normally see even before Bitcoin reached the price of 3,000$. I really hope that the implementation of the Lightning Network will improve the fees and transaction speed. Right now it is best not to use Bitcoin as a mode of payment.

Although I agree that the price of the fee is too high, one mustn't forget that the value of Bitcoin against fiat currency has also gone up, hence the price rise.

I don't think it will be easy or even at all possible to lower the fees, it would require to quench the miners' greed some other way.

That problem with high fee does exist! 10$ per transaction is awful while sending low quantity of BTC. The solution is needed asap!!

The developers behind bitcoin should really look into the transaction fees when they introduce fixes to the scalabity issues. Otherwise there is no point in comming up with a solution to scale, because it will never scale properly if the transaction fees are 30 USD or more, which is much higher than an international bank transfer.

Of course it's unpleasant when you send $ 20 for example and half of it is spent on commissions. But soon this problem will be solved with the introduction of the Lighting Network

Seriously, I can't even afford to lose so many coins just for transaction Bitcoin from one wallet to another. Congestion in the pool has raised transaction fees to another level now but despite that Bitcoin value is continuously rising without any stop. New Year is still far away either we are going to expect highest value of Bitcoin in it's history or drastic crash, possibility any of them is likely to happen any time soon.

Yes, bitcoin transaction price is too high now. I wanted to withdraw some btc from cryptopia and i was shocked by seeing transaction fee. 20$ transaction fee! This is not normal. And now I just use myetherwallet for swap eth to btc or btc to eth. It is simple and transaction fee only 3-4$. So, you may try it.

It's not that high considering how much the price of the coin is. Bitcoin transactions can get spent with a small fee.

Just yesterday, the monitor this issue and turned out it is cheaper to transfer via LTC and the transaction rate is high and the Commission came out cheaper than bitcoin. But if you need it in bitcoins, it is better not to save on the Commission, and to put her more. More chances that a transaction will be faster

So far, the Bitcoin developers and miners cannot agree on a fork that would both increase the number of transactions a block can handle and reduce the transaction fees. That's one of the bugs, er... features, of being decentralized and leaderless. Some of the other altcoins I know are still decentralized but maintain a stronger leadership so as to actually make decisions like when and how to fork the coin to keep up with the technology.

$ 20 per transaction. for small transactions. The cost for each transaction is too high. It's hard to trade them.

for now maybe take it or leave it,  ;D transaction fee is depend on size. and for exchanger fee, you will not ask that question if bitcoin price not high like this. just accept it or use altcoin to reduce fee transaction

It's not, in the future, it will be higher and higher, only sky is the limit

Yes i agree with you now bitcoin transaction fee is more than expensive than before. But it causes density in the blockchain network that causes the length of the transaction process. so the fee is increased so that the transaction process is fast.

very high. and very long for each transaction. You have to spend more than 10 breads and take 3 days to complete a bitcoin deal. Bitcoin transaction speed is too slow. So I advise you not to use bituminous to swap

Yes, Bitcoin transaction cost is too high that is why most of the time when i do a deposit or withrawal and i see the transaction is high i wait for an hour or i check the transaction time to time and withdraw when the transaction fee are lessen. I do that when i am  sending out Bitcoin from my coins.ph web wallet.

yeah, you can use Ethereum and pay $2.5 for a transaction and still be stuck because some big ICO is clogging up the Ether network for good or maybe some cryptopuppies this time is causing the same issue. and your transaction may not even propagate and disappear every 2 minutes.
all in all very good choice /s

I just paid 33 dollars for a transaction with a few inputs... I feel sad to see bitcoin this way, i hope it can recover soon to its great days.

$33 for an average transaction seems a bit excessive.
https://bitcoinfees.earn.com/ teaches us that you'd need 380 sat/byte for a 95% chance of getting in the next 3 blocks. For an average, non-segwit, transaction of 226 bytes, that would come to ~86000 satoshi's = 0.00086 =~ $14 (at current preev rate).

Granted, this is way higher than i'm comfortable with, but if you payed $33, it either means you had a large transaction (many inputs/outputs) OR your wallet screwed up.

Mind telling us which wallet you were using?

It is true . Is bitcoin fee fixed for any amount or it is depend on how much amount you are going transfer ?

Thank.

I think that's a natural thing if bitcoin transaction costs are expensive, because bitcoin is a great digital currency.
if you think the bitcoin transaction price is expensive, I suggest you to convert it to ethereum, or litecoins.
or you can use a voucher to take advantage of bitcoin, and it's cheaper. and I used to do that.

The transaction fee is high because the memory pool is filled with many transactions. It happens whenever the mem pool exceeds 100mb in size.
You can see the current fee and the mem pool size in https://btc.com/stats/unconfirmed-tx . The transaction fee will lower when the mem pool is decreased in size. The problem of high transaction fee will not be solved until the lightning network is released and we will have to pay these fees until then.

I've actually given the correct answer in this very thread... It's not fixed, and it's not dependant on the value of the transferred BTC.
The fee depends on the size (in bytes), the size (in bytes) depends on the NUMBER of inputs and outputs, not on their value.

No, that is not natural. The lightning is being developed and tested. I saw an article its been successfully deployed on the mainnet test, It should help to reduce the transaction fees and the transaction confirmation.

we should use altcoins like Ether or Litecoin for transaction or buying other new coin

Problem is in our country we cannot buy ETH and LTC directly and have to exchange with BTC first.
OTC is way too much risk and hassle to do.

The transaction fee is high due to more traffic in the blockchain network but it will be resolved soon,so the fee will be decreased in some days.But we need to find a permanent solution for transaction fee or it will affect the future of bitcoin.The lightning network is the option to overcome this problem so it have to be implemented soon.

I guess it is so high too. But you know, they can always argue that this is due to the influx of Bitcoin demands. With such, everything increased including electricity costs. This all resulted to the decreased bargaining power of Bitcoin investors because the supply of the admin can hardly compensate the demands. I am hoping things will get better otherwise Bitcoin investors will just end up getting robbed of their earnings.

I think it's really worth the coins.ph they charge the cost of their site there but I'm in blockchain you're just steady with the 0.0002 bitcoin fee as well as the coinpayment.net site steady only at 0.0002 bitcoin the fee but where do you want the wallet to be with you that you have to be there, do not believe in other wallets that are not legit since most wallet sites are scams but with blockchain and coinpayment and legit and have long running the wallets that's it.

Don't you think that fees should be revisited so that it should be lowered? Most of the suggestions here are to use alt-coins when transferring to lower the tx cost.  I think that move is bad for bitcoin.

Others do not trust Lightning Network because it makes bitcoin an alt-coin.

Hope, the fees could be lowered, that will reflect the current price of bitcoin, so it will remain usable. NO one wants to use bitcoin if it takes tens of dollars just to move a few sats.

Personally if I need BTC and I have it in an exchange, I always try to transfer with another coin to Poloniex, it has one of the lowest tx fee for BTC nowadays.

Even for Ethereum the transacion fees are rising (ever heard of the crypto kitty game?). It seems that for most crypto currencies which reaches a certain popularity the fees are rising and rising. Time to scale up.

quite expensive. I was annoyed every time I traded. Transaction fees can be up to $ 30, compared to my assets are too large. There are many currencies that can be traded quickly. very cheap cost

Yes, the fees are too high and been too high for a while. I think higher-level solutions (such as Lightning Network) are the only hope. Until then, bitcoin is completely unsuitable for online payments and other small transactions.

YEs it has been high and truly it has caused a great deal of displeasure from all of us that are trading and transacting with cryptocurrency however if we think about it even with the transaction costs it is still a paltry akount compared to what bitcoin truly is

If you have the money in your desktop wallet then send it from there. You can send transactions with a 0.0001 btc fee.

Not only are the transaction fees high, it took a relatively longer time for the transaction I did to go through.
I hope lightening the network works out perfectly in good time

Yeah it is quite disturbing especially for someone like me who has small investment. The fees would eat all my bitcoins. Its just crazy. Its surging high after the increase in bitcoin value. Many have chosen to trade with litecoin which causes the litecoin value to increase.

If bitcoin price is increasing then it’s obvious that the value of the transaction fee will also increase as it was valued in btc. It’s a given that we need to accept particularly because we are leaving in a fluctuating investment in normal basis. We can’t complain for we also want it’s prices go high and the only thing we should do is accept the consequences.

Yes.. Nowadays the cost of bitcoin is high. For Indian Rupee: 1 bitcoin =1100348.29 Indian Rupee. In US, The cost is high when compare to India.So choose the Indian website for bitcoin transaction.

"investors" fkd up the whole network, normal users must pay hundreds to send some bs payment and wait fkn days, bitcoin is the worst ecurrency that there ever was and I hope it's value plummets soon and end these get rich quick pipe dreams.

That is because people are using bitcoin. Dev team will implement new porotocols. LIghtning network will also help out with this problem :)

I second this stance. I don't know about Ethereum but Litecoin has been of great help to transact large amounts with lately. That's likely the reason behind the coin's recent price surge. And we will probably see the Lightning Network in Litecoin used for real if the number of Litecoin transactions comes close to the level of Bitcoin transactions. Speaking of Bitcoin, more specifically, we are unlikely to see the fees drop any time soon simply because miners won't let it happen.

I usually switch over to dogecoin for transaction, cheaper fees and faster transaction speed  :)

actually reasonable when transaction costs are expensive because this follows from the bitcoin price changes. But you can set the amount of transaction fee on wallet blockchain, but this will affect the fast or not your transaction will be confirmed.

i think, its because of high volume/usage of transaction made everyday, and that high volume/usage of bitcoin transactions can cause of more traffic/delayed to confirm a single transaction, so i think that a reason why do this bitcoin transaction cost become too high. and they also implement a options to choose how fast your transaction can be confirmed. the high cost of fee indicates that your transaction can be confirmed soon, while the low cost fee indicates that your transaction will be confirmed after a hundreds thousand of txn/transactions made.

Maybe in value its too high but 0.001 btc transaction fee nowadays are just in the minimum requirements to be paid for not that fast transaction but not that slow too,yes traffic happens sometimes but its just sometimes and bitcoin still come through

Due the increase of Bitcoin price the fees costs too high
Simply the Bitcoin nowadays is not for the people who have small amounts of Bitcoin.

yes ive notice that the transaction fee right now is very expensive. I decided to convert my investment  to ethereum waves and litecoin. I hope the price of my three altcoin will rise although. Bitcoin is very good altcoin but the transaction fee very high

This happen because bitcoin demands is increasing as to bitcoin fees are expensive. Most hopes on bitcoin transactions fees could be lesser in the future. Well i hope this will be fixed.

It is in correlation with the supply and demand, as the network traffic is increase the transaction fee also increases. As i observe in the past months before the bitcoin hit 2k USD, all the transaction went smoothly, and from this past month the transaction problem arises this is because the bitcoin is in high demand.

is this real? if this happens transaction cost will become lesser burden for us, I hope there will not be a time that the half of the gain we earn will just go to transaction costs :'(

High miners fee but still transactions are becoming too slow.
When miners fee is low the faster the transaction is, when miners fee becomes high it becomes too slow.
I think we need more miners to process our transaction...

Due to the current price jump will cause a huge amount in small transactions in total, it was not this big before the increase

may be many factors that cause bitcoin transaction price up 0.001, as the master said in the comment that it is still cheap in comparison first, all depends on bitcoin prices, now the price is so expensive and also more and more transactions

Bitcoin transaction are high because the demand on BTC grew up incredibly, creating a large queue of transactions. And the price of one satoshi is now more high, than before,so if you count in dollars, it seems ya, the fees were increased, but not in satoshi.  So, increase of demand always causes price growth, so not surprising for me, that fees cost so high. But if your transactions is not urgent, you can just put small fee manually and wait longer. Not the problem.
 

Converting it to other cryptocurrency is a good move and can save you more satoshi on the long run, bitcoin planning to make it more lighter is good but now we have to adjust for more

no there are no becoming changes after that crazy price hike. the adjustment of this transactions fee are fix to raise because of the high volume of transactions everyday vs the limited confirmation of bitcoin transaction every hrs. so this problem leads us to a high cost/fee for every single bitcoin transactions.

Yes, they are way too high because of the small size of each block. You can solve this issue by using forks, such as BCH/GOLD which both are pretty good IMO, or switch to Litecoin, which is known for it's extremely fast transaction speed. There is also apparently a project being worked on called Bitcoin Lightning which aims to solve network speed issues, but might take a while to come out.

I think Bitcoin demand didn't affect the transaction fee at all. What makes the transaction fee higher is because today there are many transactions so it exceeds the block size, and also the Bitcoin prices are rising.

If you are an active trader in the world of digital currency and indeed take advantage of extreme price movements Bitcoin to seek profit, Bitcoin prices are fluctuating of course brings its own happiness. But it's different if you use Bitcoin as cash or fiat money. If you redeem your one million Bitcoin and intend to spend it on an online site, you certainly do not want your Bitcoin value to decrease as Bitcoin's price suddenly plummets. Bitcoin you have now can not pay for the Hard Disk 1 Terra you want and eventually you have to buy extra Bitcoin to cover up the shortcomings.

Transaction cost here in bitcoin is too high.Stated that its values and importance was in increase level so that bitcoin can have a too high transaction cost because it can also pruduce a more investments and saving so it is stricted to make sure the succes of each bitcoiner.

Bitcoin is getting so expensive that we send small fractions of Bitcoins and the fees is too large for very small amounts of Bitcoin. I think this is where altcoins can be helpful. Altcoins can be used for small transactions while Bitcoin could be used to move large sums of money. This way Bitcoin and several altcoins can exist at the same time. Kind of a symbiotic relationship and the miners can keep getting paid.

I think that the transaction costs is a great problem of Bitcoin expansion, especially over the mainstream. Now it is the most popular crypto but if it will not be able to resolve its problem with speed of transaction and fee, it is probably that other currency will take his place.

This is my main problem too, because bitcoin now is really expensive the commission fee is expensive too and I can not do anything with it because only bitcoin is accepted to sell in cash in my country, so bad!

This is a problem but that's how evolution happens! Overcoming the gross problems as well as the bottlenecks. The transaction fee is indeed high and it is best to convert bitcoin to Ethereum etc and transact where the fee is far less. But if you are transferring say large sum amounting to $12000 then it is better not to cringe for 25$.

Smaller value transaction is what that hurts badly. The lightening experiment I hope becomes a success to confront this problem. I think we must for now take it as it is, part and parcel of the game! You want to invest in bitcoin whose value is hitting the skies but grieve over transaction costs? Yes this should be a problem for newbies but the ones who are adept in the world of cryptocurrency I guess this should be a challenge to work on and make things better than cringe!

The high transaction cost is due to more number of pending transactions so the price will get lower when the traffic gets clear.So you just hold your bitcoin for some days the problem will be solved in less than a week.The high traffic is due to the crazy price increase so many people started to buy bitcoins so load of blockchain got increased.

Due to high demand of digital currency as well and the miners are being limited compare to when we only have few transactions, they are overworking just to provide and to confirm our bitcoin transactions as fast as they can. It is normal thing, they are incurring high volume of expenses so they are making the the transaction cost high.

miners overworking! that is the first time i hear this statement :)
miners aren't doing anything different. unless you are pointing to the fact that difficulty has gone up a lot in the past year and it is harder to find a block (requires more work) but it has nothing to do with transaction fees or number of transactions in a block. those are still the same with or without the current difficulty.

As more and more people use the Bitcoin Blockchain, the congestion increases which in-turn also increases the transaction fees.

I think it's fair that bitcoin prices go up then the transaction tax will go up too, because the tax of each transaction is percentage and it will adjust automatically, so whatever we do the tax transaction will follow, I suggest to do transaction with big amount but only once than in small amounts in the number of frequent transactions

There is another side effect of high and rising transaction costs in bitcoin. When these costs rise in bitcoins as well as dollars as they did during the last couple of years, more and more wallets with small amounts get kind of locked. That is transaction fees become so high that it becomes impossible to move funds from such wallets, and the coins in these wallets are effectively lost for good, or at least till fees drop dramatically, which is an unlikely event.

I think it depends on which wallet we use, currently I use 3 online wallet Xapo, blockchain and coinbase, and Xapo is the highest cost of more than 220k satoshi, while the cheapest is the blockchain is no more than 20k satoshi.

If your wallet has high fee then yiur transaction will be confirmed faster some wallets have options to adjust the transaction fee but if you set lower fee then you to wait for too long.
But in this case it is not due to wallet it is happening all over the bitcoin world even blockchain has $14 fee for transating $100, normally the fee in blockchain will be $3.so you need to understand the fee will be higher if more number of pending transactions on blockchain network.

the price shouldn't be seen from the perspective of the dollar amount (or whatever you use) that is used for the transaction, but the satoshi / byte fee for the transaction. with the volatile price of bitcoin relative to fiat, this is the standard that keeps consistency and a quantitative, consistent metric to rate fees. that being said, the current recommended fee for a transaction seems to range around 380 satoshi per byte (as viewed on https://bitcoinfees.earn.com/ at the time of this post), which seems a tad higher than what i remember, not that i've really been keeping up with it. the fee will continually rise as the backlogged transactions increase, as people will place higher fees on their transaction to get them confirmed faster by the miners, who will prioritize transactions with higher fees (for obvious reasons, they get the reward for confirming them after all). it's a vicious cycle, and it won't really stop until the miners have had a chance to catch up to all the unconfirmed transactions on the network.

I noticed when I wanted to send 10$. The cost was around $11 . Like, why the hell use it for daily activity? It's more like a burden...

My observation is if user is sending BTC from their own wallet which have many small deposits are acquiring higher fees than regular transfer. As many Unspent/spent amounts seen in transaction. Smaller amount transfer with smaller unspents cost more fess due to size, weight, fee per byte and fee per weight unit. It impact on process of transaction verification, which is done by miners.

I think that bitkoyn increasingly become not a means of payment but a means of accumulation (asset), digital gold. For payment, transactions there are dozens of other reliable and cheap payment methods. And as for the cost of the transaction, I do not think that it will be very much lower now, even despite the hype surrounding bitcoins, with the increase in its cost, the commission will grow. And translating something less than 100 will not be profitable. Plus, of course, the price of the commission is affected by the size of the membrane, the number of transactions waiting to be included in the block and the trend can be seen from the link below.
https://blockchain.info/ru/charts/mempool-size

As the value of bitcoin increase, I think the transaction fee also increases. But I still don't see the logic on it, how come price of sending bitcoin is much higher than before? Can anyone enlighten me?

I also am very bothered about this. I cannot even touch my bitcoins in my wallet because it would cost me too much to even do just a single transaction. And it would be pretty stupid to do because if i did it, i would lose more than my investments. I wish improvements in the way of trasacting happens for bitcoin because it really is holding bitcoin down and hindering it from reaching its full potential.

The fees are just to high :(( . Even Trunks can't do something about this :(. But I have hope , cause bitcoin will calm down with this crazy price I'm sure.

I think if the fee is too expensive does not matter, if it accelerate the delivery transactions, and certainly in every exchange or wallet that is used often too long to process the transfer of funds, I hope in the future all exchange and wallet can speed up all the process of sending funds in any case. .

Yah. Its too high. I had to spend .001 bitcoin for transaction. Transaction fees .001 bitcoin is too much though bitcoin price is high. But transaction fees differ between wallets. i had to go through the FAQs of few wallets. Coinbase wallets transactions fees are higher than any other wallets fees.

In comparison to sites transaction cost, bitcoin is too high. So, the authority should consider the rate.

If you are in the trading business, do you think changing bitcoin to doge, transfer doge and buy bitcoin again, is good to avoid fees?

Yes bitcoin transaction fee increaseing day by day.I think bitcoin never reduce there fee because bitcoin user increased more and there transaction increased more.So best way to convert bitcoin other coin and stop to pay high tx fee

I will expect the transaction prices to go high as the prices of the coin go high as well. The transaction prices are also dependent on areas you are trading or agencies you trade with so you need to check the prices before you trade

What I know it's because the priced of bitcoin. But I reading your posts and other blog bitcoin transaction fee is too high. I supposed transaction fees is lower. We like bitcoin because it has a lower fees but nowadays, the fees are too high. I hope they fix it so that we enjoy the ride.

Bitcoin transaction fees is calculated in percentage with the current currency value of that particular day we transact. If Bitcoin value is high, obviously the transaction fees also would be high.

I think we should face the fact bitcoin is not anymore usefull for small transactions, and in my opinion this phenomen will continue because the mining efforts increase.
I think bitcoin will develop as high value currency ( e.g. for buyiung a car or house) while altcoins will used for common small payments (grocery etc.)

There is a lot of demand to process transactions, supply and demand - the network can handle so many transactions at a time and the higher paid transactions get priority with miners. Supply and demand is also driving Bitcoin prices. If you are buying a cup of coffee don't pay with Bitcoin right now. If you want to buy Bitcoin as an investment - you don't mind the transaction charges so much.

yea today i tranfer little bit of bitcoin and i was surprised how high fees are

If fees keep up growing,it will be end of bitcoin.

Of course it is, personally and even with using the blockchain wallet which id qualified as the one having the lowest fee value according to what I am reading in this forum. While, the value of the fee seems to me very high, for example to send 100 american dollar, I need 15 more dollar as a fee. However, I think that this is due directly to the elevation of the bitcoin value.

Yikes but it is more ok now that later 4days this is because of high demands and big transaction in bitcoin, i wish some bitcoin forks will change this dilemmas for the good of all

I heard that steam removed the option to pay with Bitcoins. They said that they did it because the fees were way too high it even got to 20 dollars. I also think that the Bitcoin fees are way too high. Just remember the days when the fees were low it was so cool back then.

just remember not enough...we need to live on and deal with bitcoin...and how to do this with such fees?

Because of the current transaction fee involved with bitcoins, people are no longer investing into bitcoins like they used to do because they have to pay the cost of the transaction fees as well and in most cases it goes all the way to $13 and that even takes a while to confirm.

It's a kind of problem for bitcoin transactions, we can hope bitcoin authority take a good step for this kind of problems.

Actually that is the biggest problem that bitcoin has and I think it will effect it future. Only for reason, some another strong coin can come eventually and beat bitcoin.

There is nothing complex here,usually the average transaction charges you pay is around two hundred thousand satoshi and since the price of bitcoin is too much for anyone to purchase as a full bitcoin the price for that average transaction is now around forty dollars and when the price of bitcoin increases the transaction price increases,its a normal math. :P

No,
It is not normal math.
Time ago my fees was 1% to 10%
Now it is often 20% or more for longer send time.
Fees rate has nothing to see with bitcoin price.
It depends on the "road"
The "road" is over loaded.

Given Bitcoin's volatility, that may not be as good as it sounds unless you are buying from or selling to someone who is really interested in Bitcoin, someone who is like you, a Bitcoin hodler or speculator. Otherwise, you would fare a lot better if you just stuck to dollars or good old gold. Currency should circulate and not sit idly in your pocket or wallet. This is what the word itself means.

Bitcoin transaction are high because the demand on BTC grew up incredibly, creating a large queue of transactions. And the price of one satoshi is now more high, than before,so if you count in dollars, it seems you, the fees were increased, but not in satoshi.  So, increase of demand always causes price growth, so not surprising for me, that fees cost so high. But if your transactions is not urgent, you can just put small fee manually and wait longer. Not the problem. But when eth transactions are faster and low cost, it's make me sad.

The TX fees are basically the same across several platforms. Also using a low TX fee at this point means getting your transaction completed in 72 hours which is highly disappointing. In reality, Bitcoin fees has been same but the dollar equivalent is too damn high. It's hard to send a $5 transaction at the moment.

1, you should use ETH, the transaction costs will be low
2 is that you accept the fee for high BTC, now is not like any other way
Charge on coinbase has more than  16$

Bitcoin transactions are really encountering a very high traffic these days even exchanges are warning people about that , fees are just getting  higher each day and it's going up to 10$ fees per transaction . This the fault of the miners and the core team because they promised better blocks but they didn't deliver . We are just paying more money for greedy miners who prefer to get 5 bitcoins per mined block and let the network this congested thus harming the bitcoin itself than just smooth things out for people with having a bit lower profit .

It is true that bitcoin's transaction are too high currently which has nearly doubled for the past 3 months, that is because of the massive buying and selling across the world, every single day it is getting hard to mine bitcoins. For me, it is best to wait for the fees to subside, unless I need the money for my expenses, because I am for long term investment and I believe in bitcoin's technology to grow in its full potential.

transaction will back normally fast.
this happens because price all want to buy more bitcoin and earning fast using bitcoin.

 

But does it really matter? People are using bitcoin for speculation, and they basically don't need and in fact can't use it in everyday life anyway. There are coins such as litecoin which are cheap regarding the transaction costs and fast regarding the confirmation times. So what's the deal? Higher bitcoin transaction fees will naturally lead to less transactions and higher amounts being transacted per transaction. That's pretty much all because people ain't gonna pay like 20% or more of the transacted amount as fees.

do not calculate bitcoin  price in usd.calculate by bitcoin.
its same like past so dont worry.

The pricing of the transactions within bitcoin was just the effect of its price hike in the market. Due to the rise of the bitcoin price, it is just fair that the transactions will also be brought up into rise also making the price transactions too expensive for just one trasaction to be made. So the best thing to do to get along with this price hike is to make your transactions you make bigger than the transaction fee.

These commission collectors think you have money on Bitcoin you earn at last perios of time more than most of men in your country so why don’t  can to pay a few dozens of dollars of commission. That’s justice for them.

Yes this is so bad...i lost 13$ in one transaction yesterday used blokchain wallet...hope that transactions fees will be normal soon

Yes, the transaction fee in Bitcoin is same as before. But it cost more than before. Now 1 mBTC costs about 17 dollar and bitcoin is not useful for sending such amounts of money.

There is something to be said for denominating fees in dollar value while Bitcoin rises in price. All else equal, a rising price will increase the dollar-denominated fees. I think we should discourage calculating fees in dollars, particularly if we are trying to transition to a bitcoin-denominated economy.

But indeed, the bitcoin fee rates have significantly increased. Priority fee rates are up ~ 3-4x over recent lows over the last month. I was paying 5-10 satoshis/byte a few weeks ago and I've had to increase more than 10-fold to get reliable confirmations within 24 hours. Over this period of time, that's not natural growth. It's a spam attack.

Yes,This is true, and i have this problem, i can't send btc from my wallet because it costs too high, for example, for 15$ i should pay 17$ and this is really very expensive ..

Yes if the bitcoin's value will rise up there is a tendency that the transaction fee will goes up because the demand of selling of bitcoin will increaese.

I don't think its too high although if you are a newbie then I guess it is high at the moment. I think it is just equivalent to what bitcoins price us, it adjust its fee whenever bitcoin adjusts its price as well.

I think  that the transaction costs Is a to your linking problem of bitcoin intensify, especially on top of the mainstream.  Now it is the most popular crypto but if it will not be skillful to resolve its tormented when readiness of transaction  and touch ahead, it is probably that additional currency will believe his place.

And what does it tell us?

Maybe that Bitcoin has less and less to do with commerce and real trade? Obviously, this is not natural, but the whole thing about mining and their monopoly over the fees is not natural. Bitcoin aims at becoming money, but money should be cheap in respect to transaction costs and fast in respect to transaction times, while bitcoin is nowhere near that. Essentially, bitcoin has lost its appeal to first adopters unless all they are looking for now is profits.

This is the most common type of problem in the Philippines or I think worldwide when we are going to invest in trading platforms, the high transactions fee. But these transaction fee or cost should not be called like this because it is indeed the miners fee. In some wallets, they have a fixed miners fee of 0.002. Way back then, when the bitcoin price was not yet too high just like today, we can still afford the bitcoin miners fee. But today, I think it is too hard. Miners fee is too material to be given just for the bitcoin you want to transfer, so to enable you to immaterially assess the miners fee, you should be able to transfer funds with high total costs.

It will take some years before an idea to take over will happen, this ongoing issue with transaction fee will be settled in a short while,
we are enjoying the high value of btc so we should not complain about the fee.

I use LTC or DOGE coin to transfer, depend on situation and purpose. It very very cheap than Bitcoin transaction and faster that Bitcoin transaction

The transaction fee is received by the bitcoin miner. When a new bitcoin block is generated with a successful hash, the information for all of the transactions is included with the block and all transaction fees are collected by that miner creating the block, who is free to assign those fees to himself. Traditionally, the sender pays the full Bitcoin network fee; deducting the fee from the amount received by the recipient will often be considered an incomplete payment, although some wallets have a "sender-pays-fee" feature where the miner fee is deduced from send amount.

The transaction fee has been always so high and is so impractical for transactions, especially for micro transactions. The activation of SegWit made the fee go down but it did not held up for so long. The tx fee is just difficult to control. We might end up with having more hardforks before we could arrive with the most probable solution. 2018 would be the best year to know what would be the solution.

It’s really to high and it takes forever to send or receive bitcoins

i think it is in balance because even if it is high you cant experience a have a big income because if you exchance low your fee is low but if you exchange high your fee is high so do you think its expensive no it is about to balancing the price you want to exchange!

Well bitcoins has attracted lot's of people interest which increases the transactions volume and many newbies has started using bitcoins and during transactions they pay very little fees which increases the number of unconfirmed transactions so people has to pay more to get their payments confirm faster.The fees now is too high i heard 25$ is recommended, i think that best solution for this problem would be lightning network it would definitely reduce fees and increase speed drastically.

This can be seen as an increasingly obvious disadvantage of Bitcoin, which is becoming more and more common and causing many obstacles when dealing. Transaction costs are too high for users, although the speed and processing time of transactions is slow. I think that the high value of Bitcoin is also affecting this issue. More and more new investors do not have much experience joining Bitcoin, the number of transactions is increasing day by day and that makes the block will not handle data in short time because its size isn't enough. Hope that new solutions will come out soon

I think the mining-pools of Bitcoin want to earn much money on the transaction fees. Therefore they rejected SegWit2x because the increasing of the block size would devaluate fees. Also sometimes mining-pools add to blockchain even an empty blocks.

Transactions fees are high and expensive but that particulary applies to small value transaction. On higher values that isn't so big problem. But I would say that transaction fees are following the bitcoin price and situation on the market.
Fees are the issue that usualy affect small users and maybe that is the reason why this problem isn't in the centre of attention like it should be. But I beleive that in constructive dialoge with miners if there is a good will this could be improved. Hope this will happen soon because that can make small users to quit bitcoin.

I think Higher transaction costs are caused by new hardforks ,causing miners to increase their commissions to confirm a block but this will not be long after hardfork releases shipping costs will decrease

The high cost of bitcoin transactions today does make some confusion, but it is reasonable because according to the law of the economy would have happened where if the interest is increasing but the block is not sufficient then the developers are forced to increase transaction costs to meet the enthusiasts.

Is it real to change the BTC without making some hardforks with new currencies? Cause BTC have the name and it will be difficult for market/traders to change the basic currency..

I think so too, every transaction will charge you aside from gas fees etc, I usually spend more than $20 dollars every time I convert different alt coins such as ethereum to bitcoins and not to mention the fees every time I convert bitcoins to our regular currencies.

Maybe in value its too high but 0.001 btc transaction fee nowadays are just in the minimum requirements to be paid for not that fast transaction but not that slow too,yes traffic happens sometimes but its just sometimes and bitcoin still come through

Because we need quick response from our transactions that's why some of us are willing to pay high fees just to process their request. With that, exchanger will take advantage also to increase their transaction fees. And besides, we don't have any options in order to continue our transactions is to pay the amount  of what they are asking for or otherwise you'll wait for few days to confirm your transactions.

This is not gonna be that way forever. Beastly transaction costs as well as slow confirmation times are killing bitcoin, slowly but surely. In a nutshell, people are dicouraged from transacting with this cryptocurrency, and ultimately, only big cryptowhales can afford that. I don't think it bodes well for it in the long run, and this is definitely not how Satoshi envisioned bitcoin. He envisioned bitcoin to be Internet money but we are far from that already.

Lot of great suggestion already given by expert ! follow them , when you make withdraw just make it ETH .. that's all you need to reduce the fee

I think bitcoin prices are rising quite high meaning that the cost of bitcoin payments is quite high. There are also many options. You can also use etherum to reduce costs.

This discussions always lead to the issue of scalability. I am sure that fees will come down some time in the future.

The rise of the cost of transaction fees in BTC was I think because of its increasing demand, the surge of investors was not expected by the creators of the blockchain. That is why right now we are experiencing slow confirmation ending up to higher fees.

Yah it is too high cost currently and it is very good news for us in the bitcoinworld. Ofcourse this is advantage to me even im not yet earned but i know when time i started to earned here it is more high cost because bitcoin is aired already in tv, it means possitive happen of bitcoin today

The only reason I can think of is that Bitcoin's network is absolutely congested because of too much unconfirmed transactions which may be due to its being under attack all the time. We have to accept the fact that the more Bitcoin becomes popular, the more people from all walks of life come to it either to be part of its growing community or to be among its many antagonists. Regardless of their motives, it highly affects the fees of Bitcoin transactions because much have been developed to secure its privacy.

I hope you are right and this will not be till forever. Because transaction fees are becoming unreasonable every day. Even if you will send a little amount of btc , you have to pay a lot of transaction money for that. If that keep on, it will be effecting bitcoin's future.

Absolutely right with this point. I really hate these outrageous transaction fees in most of trading sites for bitcoins. The transaction fees inflate like every time I make a simple transaction. I'd dirt poor first before I even send a smidge of bitcoins to other people. Really gets on my nerves.

Yes, the commission is very high. This is not the bitcoin that was before and the network is very congested. These two problems frighten new investors. Therefore, today altcoyins, an alternative to bitcoin, are growing very much. :( :( :(

Yes Bitcoin transaction fee almost high than before.  Now blockchain wallet Bitcoin transaction fee is about more than $11.  But a few days ago blockchain transaction fee bellow than $1

This has been one advantage of ripple over BTC. Aside from the stable prizes of ripple it has low transaction fees compared to BTC. i think it is due to the volume of consumers.

It's natural for the transaction fee to move alongside the value of bitcoin. I mean, that happens outside cryptocurrencies as well though hopefully some steps would be implemented like segwit to at least manage how high the fees can go

It is already affecting bitcoin in very dangerous ways. I don't follow cryptomarket cap figures closely but from what I read around here, bitcoin's share seems to have dropped to measly 30% already. Imagine what its price might have been if people hadn't had to wait literally days till their transactions get confirmed, if ever, and pay these absurdly high fees. It's a complete failure if you ask me.

yes bitcoin transaction fee is insane, it's like 10% of transaction amount, so I exchange my bitcoin to ethereum before cash out.
I hope the cost will get down soon

after price was so crazy fee start also being so crazy. more than 1 month and you must pay high fee and wait long time.
crazy price rise  not have any affected in fee
You can think of it as a donation to the network, you have a lot of fluctuations, and therefore it will not make a difference to pay $ 1 or $ 10 in fees if you earn $ 1,000.
give to a week or more and Bitcoin transaction cost will back low

Making small payments is not an option using BTC these days. Wondering why memory pool isn't just a FIFO queue and transaction cost fixed in satoshi/byte (100 satoshi/byte or something like this). Much more simple for everybody - at least you'll be able to estimate how long would take for a transaction to complete.

Bitcoin transaction charges are increased,bitcoin miners increased their charges.

The fact is that not all have the opportunity to use, say, to sell tokens and transfer them to fiat not bitcoin, but other coins. The most common option is bitcoin and in many cases there is simply no choice. Perhaps in the future, when the infrastructure for servicing the crypto currency will develop properly, new applications, websites, exchanges, exchangers will appear, etc., then such an opportunity will appear. In the meantime, we have to use bitcoin with its hanging and expensive transactions.

Yes bitcoin transaction cost is too high. if you are too worried about it better you convert them into alt coins like ETH, when you want to make transaction.... 

I think bitcoin transaction cost is too high but in my experience i have no option but to pay the transaction fee because it is the only way to withdraw or cash it to become fiat to be able to used for payaing bills, buy something that we need and even our wants. So even the fee is too high i cant do but to pay it to transact.

The problems is there are too many bitcoin users on bitcoin network more than the mining power that can handle the transactions at once. Based on what I learnt the bitcoin transaction fee even dropped today because people are paying an average of $26 per transaction. Weeks ago people were even paying up to $80-120 per single transaction.

Average fee: coincap.io

Seriously this is not understandable. The fee is way too high now and for people who want to send small amounts they have to pay the fee almost similar to the transaction amount. The overall structure of fee is not changed, its just that the value of bitcoin is increase a lot. So even if we send a very minor amount of satoshi, the fee for that when converted to dollars is a lot.

I agree with that , Us who make micro payments payments suffer from a very high transaction fee. I am sending bitcoin everyday and I am troubled with the transaction fee. I dont have a solution to this problem , I remember the good old days when bitcoin value is not seriously high. Transaction fee is very very low that you dont mind sending money on every transaction. I wish that day will happen again.

Fees are rising constantly for the Bitcoin transactions. The hope lies in the new transaction system that will come soon and it will allow transactions with a low even a zero fee. Transactions will be done almost instantly. Right now Bitcoin is suffering from the blockchain capability to produce a low fee.
Things will change very soon and the time for the Bitcoin growth will come again.

Yes, this is what makes bitcoin transaction costs constantly expensive, as happened some time ago when the network was busy I had to pay a fee of more than 0.0035 in Xapo.

Since the trend of Bitcoin price is still increasing, I suggest that you use Etherum or Litecoin instead to convert you money so the transaction fee is smaller.

the bitcoin transaction cost increment is very reasonable because it is offset by very high bitcoin prices from day to day. and that's normal because in addition to bitcoin a lot of other coins that have increased transaction costs.

In my own opinion, It is ok for me to have a high fees if the exchanger sites are also secured because some of the sites are scamming people and because of that, more and more people are hating bitcoins. The value of bitcoins today is very high and it already reached 15k dollars so its normal to expect that the value of fees will also increase.

In the past years Bitcoin transaction cost ia too high and it reached up to 60 dollars. But this year 2018 the cost of transaction dumps. Maybe because bitcoin price dumps too.

Naturally, the cost of bitcoin transactions is quite expensive because bitcoin as a digital currency is so great. You think the bitcoin transaction price is expensive then I suggest you can change it to Ethereum or litecoin or you can also use the voucher to avail bitcoin with cheaper price. Anyone can do it with positive thoughts. 8)

That's because bitcoin prices so high, so transactions fees are high too. As alternative, you can swap your bitcoin into altcoin and then make transaction, it will reduce your transaction cost.

It just compensates with the price of bitcoin, transaction cost is reasonable in the fact that bitcoin is decentralized. Bitcoin transaction cost also depends on the supply and demand.

Yes bitcoin transaction fee increases day by day. I think bitcoin never reduce their fee because bitcoin users increased more and their transactions increased more. So best way to convert bitcoin to other coin and stop to pay high tx fee.

This has stopped happening I think. transaction fee has reduced
and  transaction speed has increased. So its nothing to panic about.

It is a high transaction with a high demand in the black market right now bitcoin is been getting bigger and bigger every year that we don't expect so we have to expect that it will continue to getting higher if there are to much people accepting continue the BTC currency.

If you think bitcoin trnsaction fees is quite high then you should covert your bitcoins to ripple because their transaction cost is very low and transaction speed is just 4 seconds. :D

it is strange that now, when the popularity of bitcoin has fallen - the cost of transactions can be more than 200 Satoshi bytes. in other cases, you can use other coins for transactions on the exchange, for example, ETC

Many customers still do not know how to determine how much to pay for a transaction. You can determine fees by viewing transaction details; or calculate the difference between input and output. In essence, this is the process of sending and receiving money in the transaction.
It is a fact that when you make large transactions, the greater the bitcoin fee that customers pay the larger. Because trading has occupied a lot of space in the transaction.
Therefore, it is also possible to rely on the transaction size to determine the required fees. But the charge, the fee determination still causes many errors; difficult for customers.
However, if you are using a Bitcoin Coinbase wallet purse then you are free to make transactions without having to worry about fees.
This wallet contains dynamic charges to charge based on the transaction size of the traffic through the internet.

Bitcoin transaction methods are controlled very complexly. It takes some time to complete a transaction. And in the whole world, the huge amount is transferred to Bitcoin Transfer Directive, so many people are engaged in managing them. They should work hard and complete your transaction and you will have to pay some fees in return. I do not think this transaction fee is too high.

The fees are good at the moment i just paid less than ten cents for a single transaction, it is not expensive and it is more than good for me, ethereum fees are over $1 at the moment so it is enough at least

Bitcoin is completely a decentralised crypto currency and there is no authentic regulating body who could keep eye over all the bitcoin activities and thus the bitcoin is involved in all these illegal activities and then the high bitcoin transactions fee, there are many issues that need to be sorted and to make bitcoin very successful and to declare it as a central currency globally and for this its legalisation is necessary world wide so that governments could keep eye over all these bitcoin activities.

I really regret that because most transaction costs are not commensurate with the transacted, and disrupt the greater transaction costs than the funds transacted......

Yeah most of the members here agree that using altcoins could lessen the transaction fee in transferring coins or making a payment. As we all know that bitcoin has high transaction fee and we should avoid using bitcoin as a means for payment. Anyway aside from that if you do not want to get a transaction fee and you want to invest in crypto you can ask for paypal, bank payments, directly to the marketing team and the tokens will be credited directly on your digital wallet which you are going to provide.

Every time the transaction cost is not that high as mentioned. At times a strong buying force or a selling force gets initiated among the users. This makes the entire network get congested with lot of transactions stuck to the network. By this time there will be increased fee on transaction which is quite acceptable.

Last year, there are a lot of people that are complaining with the fee and as far as I know that was done and the fees are not that high in these days. The fee are reduced and the speed are also changed, I think that is a great thing that happened since if that continues, people might transfer their funds to other crypto currencies. High price, high fee, I guess that is how it's going to be.

The transaction cost is one the issues that is affecting bitcoin which if nothing is done about it will make the other altcoins to be flexing their muscle against bitcoin. There are other altcoins that is having less fees and  their scalability is also faster and if bitcoin did not react to these issues faster may force users to look towards the other altcoins for their transactions.

High transaction fees mean that fewer people are trading with Bitcoin and that Bitcoin is only suitable for large volume transactions.

As of late I read in news that helping system is being tried and an exchange was effectively made upon it. In the event that helping system turned out to be fruitful, at that point yes, there would be a gigantic fall in expenses on the exchanges which will be executed on helping system. This is something which can possibly support bitcoin utility and appropriation to significantly more noteworthy degree and might take care of the long going scaling issue. At the present time, these moderate exchanges and high charges are impediments o bitcoin improvement. Things are being done to explain it. Have tolerance!

The Bitcoin block is getting loaded each day with the high influx of users trooping in. With this, you will need a high transaction fees to mine through the Bitcoin Block in order to have a fast transaction.
This has become one of the pressing issues with Bitcoin which makes most of the alt coins gain roots over Bitcoin on the market. Anyway, an article read recently claims there are more develops about to hit Bitcoin which include super high transaction speed with less transaction cost.

The costs for transactions made as a bonus for the support coming from the miner. Charging is one of the earning ways to maintain and upgrade security for users. So, I do not object to the charges for each transaction.

When the time you posted this thread the fees will kill you because it so high. But today the fees is so low but the confirmation will take up to 6 and the waiting time will go up 40 min to an hour this is the problem of bitcoin right now the speed of transactions.

I think the transaction price has always been the same, except for those who've raised the amount. But the determining factor is the price on the market. When the market price goes high, the fees go high as well and it's the same vice versa

Judging by the news, the commission for bitcoin-transactions has decreased 45 times in three months. Therefore now it has become much more profitable to invest in the cryptocurrency. But unfortunately the cost of bitcoin also falls.

Recently I read in news that lightening network is being tested and a transaction was successfully made upon it. If lightening network came out to be successful, then yes, there would be a huge fall in fees on the transactions which will be executed on lightening network.

This is one thing that the people that uses Bitcoins always complain to this crypto currency. I think this is the best side of the Bitcoin needs to improve, the Bitcoin transaction cost is what we always seek to solve, since it becomes too high. But still, I preferred this crypto currency all over any other digital currencies.

This is something that has the potential to promote bitcoin utilities and apply to a much greater extent and can solve long scale scaling problems. The reason for the high current charge when switching to FIAT is that the fiat equivalent is much lower than when you paid a 0.00 BTC fee right now

it was due the bitcoin price spiking on the end of last year. The price of the transaction fee always following the bitcoin price.
not mention that if there are many transactions being processed, the network may need a higher tx fee to process the transactions.

Everything is perfect except for the high transaction fees. I do not like this at all. I still prefer ETH or LTC  :) :)

The pricing of the transactions within bitcoin was just the effect of its price hike in the market. Due to the rise of the bitcoin price, it is just fair that the transactions will also be brought up into rise also making the price transactions too expensive for just one trasaction to be made. This is something which can possibly support bitcoin utility and appropriation to significantly more noteworthy degree and might take care of the long going scaling issue. At the present time, these moderate exchanges and high charges are impediments of bitcoin improvement.

The fees are more than cheap at the moment, so i do not understand why the heck you are complaining about that. Yesterday, i sent a transaction of aproximately one thousand dollars, and i did not even spent $0,20 for the fees, do you think that it is expensive?

if you think the cost of bitcoin is too high, better find a coin that is enough with the cost you have as now there are many coins that appear. but that does not mean you can choose origin because at this time many coins are scam

Transaction fees also increased in the fast increase of Bitcoin. It was not a problem for that time. But as the next period of continuous decline, these transaction fees became a problem. They are going to make an adjustment to that in the near future.

obviously the high transaction fees were only with the price increase and have been reduced right now, but the question arises what will happen if the btc would be recognized as a world currency with a high value than if the fees would be too high we would not have any advantage towards banks.

Due to the increase price of bitcoin value the transaction fees
or getting very high, I hope this issue can get solved by the bitcoin
online bank merchants.

I think if the fee is too expensive does not matter, if it accelerate the delivery transactions, and certainly in every exchange or wallet that is used often too long to process the transfer of funds,  and i will exchanges

I feel the same with you, but I have a small solution and I do that.
First, I avoid withdrawing funds through exchange by building trustworthy communities to exchange bitcoins to fiat money. second, build your own exchange platform by way of bitcoin auction. third, using bitcoin transactions through lightning network.
but if you only use as asset transfer, I suggest you use stellar or doge.

I think the fee was high due to the higher demand of btc as at that time. But for now the charges are ok due to the low demand but it might increase when the demand also increases.

yes the cost of bitcoin transactions more expensive because bitcoin prices more expensive. I still support if the cost is more expensive along with rising bitcoin prices and I hope if the bitcoin price decreases then the transaction cost is also cheaper.

Monitor the average blockchain fee in the network. If your transfer is not time-sensitive, you can wait until the average fee amount drops.

Indeed, transaction costs are on the rise and if you want to withdraw or wihdraw you can use LITECOIN OR DOGECOIN in my opinion only that the transaction cost is very cheap for me

The ascent of the cost of exchange expenses in BTC was I think in light of the fact that about its expanding request, the surge of financial specialists was not expected by the makers of the blockchain. That is the reason right now we are encountering moderate affirmation winding up to higher expenses.

Yes the bitcoin fee is too high  and the even we the market price is low it seems not to be affecting the transaction fee,  I think the best thing to do is to convert bitcoin to any other altcoin before transfering it to reduce the cost, my question is What about does that do use bitcoin as a miss of payment how do about it?

I think it is not the solution to choose another coin for investment, to me i think it is the bad news for the bitcoin popularity because people do not like it to pay a high fee for transaction purpose only.

indeed for the current very high transaction costs I think it has become commonplace in the investment system required only patience and confidence in this investment

I think the transaction fee on bitcoin is fair enough. Indeed for some people this is too high. But somehow this is a fair cost. Just imagine the cost can be used for different countries. Does that seem fair enough? So do not think about transaction costs on bitcoin anymore. That's just my opinion.

Indeed some time ago many people complained of transactions with bitcoin. This complaint is due to high transaction costs and long transaction time. Not to mention the frequent instability when hard fork occurs. But I've seen the current bitcoin effort that keeps improving. The bitcoin development team seeks to continually innovate bitcoin so that bitcoin is increasingly in demand. Not easy to create new innovations because competition in the world of crypto currency is very tight. Many crypto currencies are vying for public trust.

What i know it's because the priced of bitcoin. But i reading your posts and other blog bitcoin transaction fee is too high. And, i hope in the future all exchange and wallet can speed up all the process of sending funds in any case

Some coins like Neo don't have transition fee. It is free.

Due to its position among the crypto,its transaction fee is too high... But I will advise people to covert it to ETH, the transaction fee is quite to its normal transaction

Yeah btc transaction cost is quite too high and all of us already knows it but we cannot to anything about it. It is just understood by the users because it is part of the reason why bitcoin value is still high and continuously increasing.

I think Bitcoin is suffering a deficit in investing or expanding its business so they need to increase their transaction fees to make more money. I think it will only increase in a short time and everything will return to normal. There are still a lot of transactions happening in a day and there are almost $ 4 billion in daily transactions.

Yes it is expensive, and from time to time it seems like you spend unnecessary money. But profit sometimes closes the gap. In any case, I'm happy with the high income, of course, it would have been better if we had to make lower fees.

Yes think transaction fee is really killing it investors and secondly the transaction speed don't even worth the amount of fee. I guess is this why many people are running away or dumping bitcoin for altcoins which is really causing harm to it community.

 It's 8 year old technology........
 Should of progressed better then this, but this is why I feel other coins have came to exist. Because bitcoin took too long too find solutions. Take any technology and look at it 8 years ago compared to today, it's completely different and advanced to suit the current needs. Anything that doesn't, gets left behind.
 Most technology progresses ALOT in 8 years, and bitcoins plan from the beginning was mass adoption and worldwide use by anyone and lots of cheap transactions. Creating something to solve those problems(bitcoin) and not having a solution to what you are going for, 8 years later, really is troubling.

 Bitcoin has a problem with scalability because it relies on PoW mining and we want to avoid further centralization pressure.
 PoS coins have completely different scalability considerations, they can support 100x transactions per second without breaking a sweat.

the cost of the transaction is reduced in bitcoin cash, but it did not give him any special advantages. so the cost of the transaction is not yet highly appreciated by users, they need the asset itself.

It's pretty ignorant for these people to dump btc at that stage as the lightning technology which is already working in a test regime can solve both transaction speed and cost issues.

As we all know that bitcoin is entirely a decentralised crypto currency and being decentralised there is as such proper authentic regulating body over bitcoin who could keep eye over all illegal activities or other activities associated with bitcoin and one of such issue is high transaction fee, yes now a days people around a world, suffering the issue of high bitcoin transactions fee and what I feel is that all these issues will be sorted only when bitcoin will be declared as a central currency globally.

high transaction cost is normal and it is as a result of increasing rise in value of bitcoin. however i think online bitcoin wallet like coinbase and blockchain offer lower transaction cost than other desktop wallets like electrum.And, i hope in the future all exchange and wallet can speed up all the process of sending funds in any case.

Bitcoin transaction fees over the past few days have been reduced to about $ 1 for mid-range payments, despite the fact that the Bitcoin mempool size is still above 120 million bytes. Bitcoin purse platforms widely used such as Blockchain are offering a fee of 55 satoshi per byte, well above the $ 1 level for average transactions. Earlier, just a month ago, Bitcoin transactions were up to $ 30 for medium-sized deals, particularly for wallet platforms and Segregated Witnesses.

What is happening, is a start of collapse of this scheme. Miners get paid exponentially less with every halvening. So they need to put expensive price of mining into fees.
What will happen soon: transaction costs grow even more and when it will become unreasonable even to speculate with BTC, whales will leave BTC. Price will collapse into next to nothing. I give it maximum 1 year.

Bitcoin transaction fees are quite expensive as compares to the likes of etherum, litecoin, xrp, etc. One can alsways convert his/her bitcoin to etherum and make his or her transaction to get a much lesser transaction fees. I believe in the future, the developers would improve on it and the fees would be much lower

There are months since I didn't make any transfer in bitcoin. Using another altcoin (won't advertize them, but there are many options) with decent price and fast confirmation you can easily cash out or move funds between exchanges.

Yes, bitcoin transaction fees are higher as compared to other crypto currencies. Maybe there are other ways and means in which we cannot pay more in botcoin transactions.

As the cost of BTC is higher and higher, do you still think the price of BTC will drop a lot? If BTC prices fall below cost, the whole market is likely to collapse.

This is still one of the problems bitcoin needs to solve, as well as its scalability. It should be noted, however, that transaction costs have declined considerably since last year when they reached absurdly high levels.

One thing people don’t understand is that each BTC is not worth the same in my opinion. BTC mined back in the day was very easy to get and costed pennies in terms of electricity and computing power needed.

At present, Bitcoin transaction costs are high, Bitcoin is now being used by many people, and the reason behind it is because many people benefit from it using Bitcoin. Bitcoin transactions cost more but there are many benefits and people use it for this benefit.

I suppose it's, therefore, higher as well. However, you understand, they are able to usually dispute this is a result of the actual increase associated with Bitcoin needs. Along with this kind of, everything elevated such as electrical power expenses. This particular just about all lead towards the reduced bargaining energy associated with Bitcoin traders since the way to obtain the actual administrative may barely make up the actual needs. I'm hoping points can get much better or else Bitcoin traders may simply end up receiving conned of the income.

If you think the cost of bitcoin is too big, you better convert it to altcoin, at least it can make the transaction costs you make will be cheaper, hopefully botcoin will soon get a solution to this problem.

This really happen when bitcoin market price goes high so the percentage of transaction fee will remain but as the market price for bitcoin goes high then so does the transaction fee for it. This is an SOP or standard operating procedure for the transaction fee of every bitcoin transaction fee.

Bitcoin transaction cost have even reduced compared to 2017 when the cost was very high. However, the cost is still too high as well. Its best to convert bitcoin to other altcoins that have lower transaction costs. I believe with time, bitcoin would be improved on and the transaction fee would be lower

if you have a large nominal transaction then the transaction fee is also large

Just convert it to ethereum and then withdraw

for now payment in terms of bitcoin transactions, or cryptocurrency is quite expensive. maybe this is influenced by the high price of bitcoin, or ETH. besides, so many people started to make transactions, so I think it's fair if the payment is quite expensive.

The strength of bitcoin is low transaction fees and this makes bitcoin more convenient for investors and truly attractive to investors.
Bitcoin transaction cost is too low

Even I wish for a reduction in transaction price. It is too expensive.

It is right that bitcoin transaction are charges are high than most other cryptocurrency. But if you are talking to withdraw bitcoin from any exchanges that is not the true transaction charge , i think if blockchain is not so congested , bitcoin transaction charge is something between 0.00003 to 0.0001 btc ( dont know the exact amount) . But for Ethereum and erc 20 tokens transaction charges are mostly 0.0005 eth if network is not congested , sometimes it may go up to 0.002 eth depending upon network congestion whereas the transaction charges of litecoin is more less , for dogecoin 1 DOGE and that of NEO or GAS are 0. So i always prefer to withdraw in NEO or GAS and if that exchange dont support these currencies then in LTC or DOGE.

Really do you think so , i think there are thousands of altcoins whose transaction charge is much lesser than btc , even the transaction charges for NEO and GAS are zero.

I think it has become a common thing if the transaction costs are high because the price is also high, maybe it has become a risk of investing with bitcoin, which is the most important, take advantage of opportunities that benefit

Every transaction has a price to pay, which all determine the amount of transaction you want to made, even the bank charges fees, therefore I think the bitcoin and other alt-coin charge fee as gas.

Thats right but when you want to withdraw assets from any exchange they charges tremendous fee like for eth the most exchanges charges 0.005 to 0.01 withdrawl fee but if the network is normal then eth transaction fee is 0.0001 eth and if the network is congested it may take 0.001 eth fee , but the withdrawl fees are massive compared to this . For solution there has neo and gas have 0 transaction fees i think thats why these coins are becoming very popular.

Actually, biggest weakness of BTC are high transaction fees and transfer duration. Miners are the only people happy with this.

Yes completely agree but now in market there are a lots of alts coming with much less transaction fee and transaction time . I like the graphene based blockchain the transactions are really fast and smooth also fee is also not too high.

This is indeed problem in every transaction. How to reduce it? How to buy bitcoin at low price and get the profit very high? This problem burdensome every newbie who want to learn bitcoin. What's your oppinion? :)

Yes it is right and it is one of the big barriers in the way of bitcoins popularity but i think within a short time it will be reduced and make our transition easy.

It depends on number of other transactions happening at that time. You can try later for less fees.

Try to avoid bitcoin when doing fund transfers. Waves and Litecoin are a great substitution.

Yeahh this has been the concern of several people in this community and i seriously believe something should be done about it in the shortest possible of time since is a contributing factor to the reduction of price in bitcoin.

I think this is the impact of blockchain bloat, where too many previous data in blockchain while many more new data that being included now and in the future. Correct if I am wrong, but I guess thats what makes bitcoin transaction cost is too high. So its related with mining activities.

You can try alt coins in that case. ETH and litecoin should be cheaper for this purpose.

I also agree with this because there are other coins that offer more cheap cost instead of bitcoin in the case of transaction, transaction cost should be reduced.

I agree that the transaction cost of Bitcoin is very high where as Bitcoin and crypto in general were supposed to reduce the high transaction fees banks and other Institutions impose on customers.

Until now everything about transaction fee is OK to most people. Oh by the way, this post is since December last year, in that time the transaction fee is still very high. But after blockchain upgrade, the fee now is easy to go :)

yes right, I also feel the same way. I think Bitcoin must make changes, transfer fees that are too high compared to other coins, make people sometimes lazy to transfer coins in the form of Bitcoin, and prefer other coins.

I think that now fee in Bitcoin is not very high. The problem is that the commissions on  exchanges are much higher than the real commission in Bitcoin. The exchanges do not want to reduce fees.

well too high fee but most of it is just make some strategy on it as of now it was never as high fee as we may encounter so make some strategy as of now when you already know the high fee on it make an effort of not always make some transaction on it.

with the value of bitcoin continuing to grow, the cost of each transaction will be increasingly expensive. this is normal, and what is happening now. the cost has returned to normal because the price of bitcoin is currently falling sharply.

Undoubtedly the high prices for transactions in the network bitcoin is a big problem that needs to be solved. And the sooner the better for all of us. Only how to do this?

This only happens in some wallets that their transaction fees are high but their merit is that, the transactions made in from these wallets are faster as compared to local bitcoin wallet.But if you convert your bitcoin to another currency like ethereum then this phenomena of high fee is not strange it is usual.

Bitcoin is a decentralised crypto currency Nd there is no such proper authentic regulating body over the bitcoin that could keep eye 👁 over all these bitcoin activities and most specifically the illegal ones like selling of drugs, explosives and money laundering and many more and being decentralised is also the one of the reason that its transactions fee is too high , once it will get legalised globally, though the transactions fee will obviously increase but I am sure that its illegal use can be stopped after its legalisation world wide.

The transaction charges for bitcoin is very okay now when sending from blockchain wallet. But sending from exchanges is still very high which still needs to be adjusted. You can spend as low as 5 cents to transfer from blockchain wallet.

Aside from the slow transaction in the blockchain, this is one of the issues BTC is facing for a long time. It's transaction fee's way to high! But sometimes it's not that high, you'll have to make your transactions in a perfect timing. Do it whenever the transaction fee is low.

Bitcoin is already famous for their very high transaction costs, which is the reason why many people choose to exchange their coins from Bitcoin to Coins that are cheaper when they withdraw.

Its very true.bitcoin transaction cost is very high. I remember when I had to buy an Iphone charger online from a shop that accept bitcoin. The transaction fee alone was almost like the price of the Iphone charger itself, meaning that i payed almost twice for just a single item. To be frank, something good needs to be done about it.

It's strange if the transaction costs are still considered high, I think the bitcoin fee has been fixed since January (beginning in 2018). However if the transaction costs are still high, maybe Nexybit Hybrid Exchange (https://nexybit.com/) is the right solution for your wallet because the transaction costs offered by Nexybit (https://bitcointalk.org/index.php?topic=4557949.msg41060446#msg41060446) are the lowest, which is 0.01% transaction.

Now the prices for transactions in the Bitcoin network are not very expensive for large amounts. And when the full-scale Lightning network is launched, then the problem with the speed and price of transactions will disappear for small and large investors.

I think that won't change ... in bitcoin transactions, the fee value refers to bitcoin, not to dollars. so that the increase in the dollar does not affect the standard fee for bitcoin transactions. unless they self-modify their fees. so it has a difference in standard fees. indeed, the bitcoin fee is very large now. but if changed, I think the miners disagree with that.

This really happen when bitcoin market price goes high so the percentage of transaction fee will remain but as the market price for bitcoin.

I think the reason is the blockchain fees depend on several factors includingetwork congestion, transaction confirmation times (affected by liquidity providers), and transaction size (as measured in kilobytes; affected when converting bitcoin from multiple inputs such as faucet earnings or other micro-transactions).
In other words, you may need to pay higher blockchain fees if the Bitcoin network is busy or loaded at the moment. Usually, the fee increases during sudden bitcoin rate fluctuations and major world events.

Production technologies are changing and at the same time the price per transaction can change and possibly become much more expensive. In order not to pay attention to the cost of transactions, you better think about how you can earn bitcoin or altcoins.

Good news, bitcoin transaction cost now is lower than we expected. This good news comes with a bad news. Dropping of transaction cost is caused by bitcoin itself, its value now is 6k so it means lower transaction cost now. Not like last december its price is so high.

The cost of bitcoin versus currency is very bitcoin because bitcoin trading is not mediated as well as bitcoin trading attracts investors because of the cost of the turn that makes bitcoin the target for currency trading of the world

Last few days i have made few transaction of Bitcoin, I have seen transaction fees are very low compared to the past few months. I think now it is fine.

When i heard the rumours about the cost of transaction of bitcoin being too high i never believed it because i thought it was just some FUD being spread around but i guess it is really true. I hope it gets better with time.

I agree with you that it is too high for real time. Maybe in the future it will smaler but I don't think it can be near zero. Free cheese can be only in mousetrap, the same is with a price of transaction for Bitcoin.   

In my opinion,it is only natural that the transaction will also be raised also making price transactions too expensive for just one transaction that must be done.This is something that might support the utility of bitcoin and appropriation to a far more important level and perhaps take care of scale problems that will last a long time.

The reason is not just bitcoin price fall. In December the trade volume was much higher than today and the network was so busy.

Yes.  I agree with you.  Bitcoin transaction for the real time being has been very high probably as a result of its popularity and people investing in bitcoin.  I hope perhaps in the near future,  bitcoin transaction cost will be down for investors to participate more in it.

Well, i think they have a reason why the bitcoin transaction become increase because of its value and popularity that it has in many country are increase rapidly. Investors now choose bitcoin i think because of the news stated that the value of bitcoin in a coming years will increase in real.

As of late I read in news that helping system is being tried and an exchange was effectively made upon it. On the off chance that helping system turned out to be effective, at that point yes, there would be a gigantic fall in expenses on the exchanges which will be executed on helping system. This is something which can possibly help bitcoin utility and selection to substantially more noteworthy degree and might take care of the long going scaling issue. At this moment, these moderate exchanges and high charges are restrictions o bitcoin advancement. Things are being done to understand it. Have tolerance!

According to Bitcoin Core developer LukeDashjr, a block size increase probably still won't be necessary for a decade or two.

Don't worry. Price will go back down, that'll make fees "cheap" again.

I find the value of Bitcoin pretty high even though Bitcoin is down. Is that contradictory?

I think that the transaction costs is a great problem of Bitcoin expansion, especially over the mainstream. Now it is the most popular crypto but it will not be able to resolve its problem with speed of transaction and fee, it is probably that other currency will take his place.

These days there are many new people starting with bitcoin so there is a slightly higher transaction volume than usual. I agree that transaction costs are really high now, but I don't like how long it takes to complete the transaction. I hope this will be solved by the new network of enlightenment they have tested in the last days.

Not only that the transaction cost is too high, the transaction confirmation speed is also too low and so insufficient to meet the global e-commerce demand.

This is due to the latency between nodes and its limiting the widespread adoption of blockchain.

Rising transaction costs are likely to be an important factor hindering the development of Bitcoin, which is no longer suitable for small transactions after the rapid rise in the price of Bitcoin in the last two years. This will cause many new investors to worry about the transaction.

at such moments, you can use another coin for quick transactions, such as litecoin

This issue always appears when bitcoin price rising. Its true this is one minor bitcoin problem, we using bitcoin because we want cheaper transaction cost and faster transaction. But from i heard, lightning network will help this issue, hopely

i think lightning network is already implemented on bitcoin because i do already notice the speed that ive been looking for as when compared to the last years of using a bitcoin . using bitcoin as a currency is already a good option because it is now faster and the fees have also reduced to a more affordable rates . though , using an altcoin is more better because they can do offer a good service when compared to bitcoin .

overall , both cryptos are still the best and we should balanced using them  , so that we can get the best possible results .

The fee for bitcoin transactions is not low, but there are ways to pay less, although this is not convenient. You can transfer bitcoin to a different currency with a lower transaction fee.

Maybe the reason why having costly transaction fee to reduce those who transact small amount that produce traffic along the network that cause for long time to process. I hope this issue can be fix the price down as the price short more volatility in the market because we cannot get good profit from it, we struggle due to the price of bitcoin but big struggle when we realize how high the fee to get from us.

I assume it really is thus large also. Nevertheless, you realize, they could constantly claim that is because of the particular inflow regarding Bitcoin calls for. Together with these kinds of, almost everything improved which includes electrical energy charges. This kind of almost all come for the lowered bargaining strength regarding Bitcoin buyers as the method of getting the particular administrator can easily scarcely pay the particular calls for. I hope items are certain to get far better normally Bitcoin buyers can merely get scammed out of this revenue.

In fact, in recent times, the price of the bitcoin of transactions has fallen dramatically. It is not too high as it was about a year ago.

I for once think Bitcoin is enduring a shortfall in contributing or growing its business so they have to build their exchange expenses to profit. I figure it will just increment in a brief span and everything will come back to ordinary. There are still a great deal of exchanges occurring in multi day and there are nearly $ 4 billion in day by day exchanges.

Transaction fees additionally expanded in the quick increment of BTC. It was anything but an issue for that time. Be that as it may, as the following time of ceaseless decrease these transaction fees turned into an issue. They will make a change in accordance with that sooner rather than later.

because the cost of adjusting prices, so the higher the price of bitcoin the higher the costs incurred for the transaction

The bitcoin transaction cost is very high due to cost of bitcoin, higher the price, higher the transaction cost this is only due to adjustment cost.

it happens lately it will decrease when they have new servers or miner to do the transaction.

Bitcoin is decentralised nature. Many people use it because if its transactions facility. But resent some times ago its transactions fee increase and here they are some reason behind it. Day by day its user number increase exponential but the blocksize of it remain same as in old time. Because of its small block size and heavy transaction demand the transaction speed decrease and the transaction rate also increases. In other cryptocurrency like Ethereum, Litecoin the transaction cost is low because  they have no such large user like bitcoin who use their transaction facility and according to their user their block size is perfect. If bitcoin miners increased their block size then its transactions fee will be decrease

As per my analysis block size and time limits create a bottleneck for the amount of bitcoin transactions that can be made at a given time. Nowadays, with increasing popularity and demand for bitcoins, there are transactions being created at a much faster speed than the network can process.Thousands of transactions waiting for an opportunity to enter into a block to be considered official or confirmed.

Miners are then free to choose which transactions they will include on the block. So they choose the transactions that pay higher fees. i.e. if you want your transaction to be processed quickly, you need to pay a fee that puts you in the top positions of that ranking. Transactions are competing against each other to see who can get there first.
And that’s why the fees are so high.

For sure bitcoin transaction cost decreased significantly compared to what it was a couple of months back. At the moment ~ 8000 transaction in the pool, I remember the time were over 100K and sometimes close to 200K. Bitcoin is going for sure in a good direction.

Bitcoin transaction cost is very high, I remember one time I tried to sell some bitcoin, at the end the transaction cost was so high that I wished I hadn't sold it.

Yes, Butcoin transaction is too expensive. I experienced this one last month. I able to transact my Bitcoin but sad to say thr cost when I do my deposit is too high. What's happening to the cryto world now?

Bitcoin transaction fee getting higher when bitcoin price getting more higher. I think its normal because we paying fee with bitcoin and if convert it to us dollar, its looks expensive.

Yeah most crypto enthusiasts are complaining about the price of bitcoin currently and i think this situation has results from the slow rate of transaction that is occuring these days on the bitcoin network.

Transaction cost is a changing thing. True, it's really expensive and many people are struggling from this. It's just something we should get used to.

Yes, absolutely, lol I don't know why wallets nowadays was taking advantage on people for having them on their wallet. As the price of BTC is increase or decrease they used to bill to much. Is this too much that you guys taking advantage on people that worked for that money and you are their only sitting and putting high value interest when a transaction was happening. Too bad, no hate.

Yes, this is completely true. This is perhaps the main reason why bitcoin is unlikely ever to become a full-fledged mass crypto currency. Unfortunately, this is so ... so we wait that sooner or later the place of bitcoin will come with a more profitable currency.

We all know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and thus leading unauthorised and illegal activities and those who are having the power are doing it in their own way and I think this is the only reason for such a high transaction fee due to improper regulation but there are few countries who has legalised bitcoin in their nation and their governments are taking control over all the bitcoin activities and even the transaction fee is also normal in those nations.

If Bitcoin's transaction fees are lower, even if prices and transaction volume increase, Bitcoin can be considered a daily payment method. If Bitcoin can handle issues like transaction fees and transaction speed, paying for a coffee or a Bitcoin pizza can be a viable option.

Well I can see that the current market situation of bitcoin will not come down anymore and it will rise. As per what i have read in one of the topic here, they have experienced less transaction fee, and with this it might be confusing because of this news. But then we can see that the more transactions may be made the lower theprice it will be. So soon it will probably go down too.

The transaction fees always depends on  the particular exchange or wallet that you are using. Even if the transactions fees are high, the best thing to do is to exchange your bitcoin into a coin with a relatively lesser fees on the exchange which usually includes dogecoin and litecoin.

We are in good fees now and every one can enjoy their transaction in and out, but exchange have it's power to get mined first before those sent from blockchain wallet .

The large number of transaction then cause lot of backlog in mempool then which lend to so much to mined while miners use that to increase the fees and now we are less Transaction and less fee.

Yes because of the demand of the user,so if we need to get quickly or get fast our money we should high our transaction fee for being quick,so for me these are the main reason why transaction fee cost too high.

Yep, you are right Bitcoin transaction cost is too high. ETH fees is  much lower fees than BTC. If you send 100$ BTC to someone and the economy level fees is about 20$. For this reason bitcoin will maybe lost its popularity.

The fee is usually low, however sometimes higher fees are needed to complete your transfer or exchange. You should avoid the congestion if you're not in a hurry and exchange it in another time. But recently, a new tech called Lightening Network has appeared, I think this network can be helpful to this problem.

Yes that was high actually very high at this time last year. I remember once i send some transaction which was 0.04 BTC and the transaction fee were 0.003! It was nearly %8 commision and i was very angry.. Thankfuly right now after one year the transaction fee went way down. I just sen 0.017 BTC and paid only 0.00006 BTC..

Yes they are charging much more then fair rate. First of all you have to buy bitcoin with some extra price then when you transfer to block chain you will pay much fees then again if you want to convert them into another category then you much some more so that will make a huge amount.

It is depend from any site you make your bitcoin transaction because the fee of btc transaction is not the same in any sites

Let's enjoy because transaction fee does not good matter for me and all Bitcoin lovers,investor,and trader.i am small trader so if Bitcoin transaction going to high then I have to wait for low fee?? Lol :'( personally not me.bitcoin transaction fee high/low it's simple common and I'm not crazy about fee.

Yes bitcoin transaction price is very high. It goes up and down. should wait for some time.

Things that deserve to be used in countries that accept the arrival of Bitcoin in their country but this should have happened because the price of Bitcoin did not experience a good increase.

Bitcoin transactions are too high usually to make profits so it's only natural that bitcoin transactions are too high

I think that because of the large number of small transactions increases the Commission. You just have to wait it out.

Your problem is that currently, you don't need to pay $20 to make $100 transaction. I believe you have no idea what you're talking about either. Hello, have you hear about Segwit. You make me think you have never make a single BTC transaction once

That is the real problem but for sure it will have a solution in the future, we will come up with a solution that will lessen the transaction cost for sure every people will wish for it and we can find solution to that, if you are not in a hurry then there is also a cheap price you just need to patiently wait for for it.

I do agree that the fiat price of an average transaction fee is waaaay higher than it *should* be, but like others have already said: the lightning network is being developed, and if more and more people would switch to a segwit wallet, the problem should also become less pronounced.

Bitcoin costs are very high or very expensive. If that happens to us, I suggest we convert your bitcoin to ethereum, doge, litecoin. With this coin we can make transactions.

Fees are not tied to price of the coin, no matter what coin. The fees on bitcoin didn't go up to crazy amounts in december because the price went way up. Fees are tied to space in the blocks. Fees got crazy because the blocks were full with a huge back log of transactions waiting so people had to put higher and higher fees to get their transactions sent in a reasonable amount of time. Now at a price of $9000 bitcoin fees are like what they were a year ago at a price of $1000. Price and fees are not directly linked only indirectly through the direct linkage of usage to fees.

it's true that, Bitcoin transaction cost is too high. but you always not thinking it. Bitcoin market is getting huge. it is very demanding currency. you can using it all worldwide. it's very safe Platform. I think, when lot of people will using it, then it's transaction cost will too low.

If we engage in Bitcoin advertising or trading, maybe we will feel an increase in profit. Moreover, trading that does not require a lot of transaction fees except the sale and purchase fee, and the sale and purchase fee is very small. Only about 0.3% to 0.5% and that won't have too much impact on our profit.

It is uncertain for the faucet field to get big profits when Bitcoin prices are high, because usually the Bitcoin prices are the faucet adjusters, if it is high, the faucet will lower the specified reward. But for the faucet will be helped by microwallet that takes a few percent fee, it's just that the delivery takes more time.

in bitcoin transactions, Value of fees for bitcoin, not dollars. Increase the dollar does not interfere with the standard costs for bitcoin transactions. Unless they change their own costs. so there is a difference in standard costs. indeed, the cost of bitcoin is huge now. But if it changes, I think the miners disagree with that.

I agree that transaction fees are very high now, but I don't like how long it will take to complete the transaction. I hope this will be solved by the new enlightenment network they have tested in the last days.

Many newbies has started using bitcoins and during transactions they pay very little fees which increases the number of unconfirmed transactions so people has to pay more to get their payments confirm faster. The fees now is too high I think that best solution for this problem would be lightning network it would definitely reduce fees. How to buy bitcoin at low price and get the profit high? This problem burdensome every newbie who want to learn bitcoin.

If you think the cost of bitcoin is too expensive, I suggest you to divert your bitcoin to ethereum or doge
and the total cost you pay by converting your bitcoin is less than the current standard bitcoin fee.
but I think in Bitcoin it's not that complicated.

Transaction costs depend on each trading platform.

Because of its anonymity, i think it is worth paying high cost for bitcoin's transaction

If you look on the date on when this was posted it's December 2017.

And no doubt that by that time transactions are very expensive and that's caused by a network spam and a lot of transactions are coming through bitcoin. Considering the value of bitcoin by that time fee would really increase but right now its already stable and fees are cheap again.

I can see you posted this in december, 2017.
Things have changed a lot now as you can see the transaction cost is not that high and affordable now. But it is causing some looses for the miners as they are not getting that good reward for mining a block.

This topic started such a long time ago but I still want to say that bitcoin transaction fee is actually high compared to a lot of altcoins.
This is also a reason why I like the idea of GAS in ETH. I like its flexibility and if one knows how to use it right, the fee is cheaper than bitcoin and also the transaction speed is way faster.

I hate bitcoin transaction fees.. It was very high compare to other cryptocurrencys. At my country only bitcoin i can use to change it to fiat money so yeah it was a pain for me.. Im hope this issues will be settle soon. Bitcoin was made for a low fees not to be a high fees.

for me it's depreciating your exchange entry because not all bitcoin transactions are the same for the other because the bitcoin fee is small and that's also dependent on the bitcoin that you're releasing if you're going to charge a little too small When it comes to payment, so does not have all the time in bitcoin transactions

Currently, the price of BTC is very low compared to that time, you should apply this time to trade.

What we need is a constant fee for doing transactions with Bitcoin. Back in 2017 December, the average fee was around BTC0.002, while the current fee is almost 20 times lower at BTC0.0001.

 in the future this question again can to stand up and hope to this time who any comes up with way to accelerate transactions

The current fee for the transaction right now is at 0.0001 btc but it can change, and I see that there is no stable of the fee transaction. I think it's not too high depends on how much we want to send and if you send 0.01 btc for example, and the fee is about 0.0001 btc then I think it's okay because you still get big money from your bitcoin.

Transaction fee is very high because somebody is sabotage the transaction by spamming it because they want to replace Bitcoin with their altcoin. They thought they will be successful but they failed.

Good recommendation ever. I converted 900$ BTC to ETH for deposit in exchange it's long time ago. But now BTC transaction fee is very small, you realize that if you make transaction in recent days. Hopefully it will more small in future.

I also have the same opinion that Bitcoin is trading very high and slow and not as fast and cost effective as ETH. For this reason, ICOS campaigns see ETH as the key to success. With thousands of transactions taking place quickly.

Bitcoin fee is the only problem of lot of us because it too high, so some people convert their Bitcoin to Altcoin like Ethereum everytime they do transaction. And I think it should be do some action because possible it will increase it fee much nore. So far higher fee of Bitcoin is one of the problem of many Bitcoin users, I hope it change I'm hoping for lower fee transaction.

I don't agree with your explanation. It is possible when you have wrote this post but now transations fee is very low as i have done few transactions recently with small fees like 0.0001 btc. Is it high fee? Actually this isn't so.