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Author Topic: Bitcoin Transfer from international account to local bitcoin wallet.  (Read 955 times)
MyPain (OP)
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August 15, 2016, 12:51:44 PM
 #1

I know that there are huge transactions in each bitcoin wallets. Different security levels, functions, difficulties.. But there is something bugging me, if I have an for example a BLOCKCHAIN account then I wanted to transfer my funds from Blockchain to my Local Bitcoin Wallet, is it possible? And if its possible, do they have processing fees or whatsoever? And, or, I should try to consider each bitcoin wallet their fees? Their service? I hope their fees would not eat all of my hard earned btcs.. Thank you! Smiley
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August 15, 2016, 12:55:28 PM
 #2

Read how Bitcoin works. All wallets can pay to all wallets.
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August 15, 2016, 01:00:24 PM
 #3

There is only one type of "address" - the bitcoin address. Bitcoin doesn't care if it is Blockchain.info wallet or Coinbase or Trezor or paper wallet.
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August 15, 2016, 01:05:46 PM
 #4

I mean, the fees. If that's the case, i will do some research about that. All I care is about the fees.. Anybody knows? Or can give me some examples.. Thank you.. Smiley
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August 15, 2016, 01:15:07 PM
 #5

I know that there are huge transactions in each bitcoin wallets. Different security levels, functions, difficulties.. But there is something bugging me, if I have an for example a BLOCKCHAIN account then I wanted to transfer my funds from Blockchain to my Local Bitcoin Wallet, is it possible? And if its possible, do they have processing fees or whatsoever? And, or, I should try to consider each bitcoin wallet their fees? Their service? I hope their fees would not eat all of my hard earned btcs.. Thank you! Smiley

Why don't you read their terms of service? In general third party services charge a small fee for outbound transactions. So if you are afraid of paying too much, don't use third party services but a standalone wallet (like Bitcoin Core) instead.

In addition, Bitcoin effectively requires a small fee for each transaction that ensures that miners include the transaction in a new block. The recommended transaction fee depends on the size of the transaction and the time that has passed after receiving the input(s) of it. The amount is typically very small and is not a problem for any serious transaction size (> 0.005 BTC), but the fee might be relatively large if you have very small amounts from multiple sources that you want to send.

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August 15, 2016, 01:15:58 PM
Last edit: August 15, 2016, 01:29:12 PM by aubert
 #6

there's no "local" or "international" word for bitcoins because all address or wallet basically is the same,you can transfer everywhere as long the address is valid and so does with the wallet,so it's possible
about the fees you can set it up to yourself as long it meets the requirement (fee/kb) ,your transaction will be confirmed ASAP,but sometimes,exchangers gives you an additional fees,standard fee is about 0.0002 - 0.0001

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August 15, 2016, 01:24:39 PM
 #7

I mean, the fees. If that's the case, i will do some research about that. All I care is about the fees.. Anybody knows? Or can give me some examples.. Thank you.. Smiley

As far as I know there are no fees with a blockchain.info wallet.
I've checked their FAQ and they confirmed this. But you can read yourself --> https://blockchain.info/de/wallet/wallet-faq
The only fee you will have to pay is the transaction fee when you want send your funds from blockchain,info to one of your private wallets.
How much you showed pay you can find here --> https://bitcoinfees.21.co/
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August 15, 2016, 01:31:14 PM
 #8

I mean, the fees. If that's the case, i will do some research about that. All I care is about the fees.. Anybody knows? Or can give me some examples.. Thank you.. Smiley
if from your example,you're using blockchain.info,they have automated fee customization so it's doesn't matter,every transaction around the world have the same flexibility to set the fee on your own,there's no difference

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August 15, 2016, 01:33:46 PM
 #9

Yes you can send bitcoin on local (offline) wallet to internasional wallet (online)  Grin. And i think what is your mean is internasional markets and not wallet local and internasional. And about the fees transaction depend on your markets who you use, you can read on FAQ.
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August 15, 2016, 01:40:48 PM
 #10

I know that there are huge transactions in each bitcoin wallets. Different security levels, functions, difficulties.. But there is something bugging me, if I have an for example a BLOCKCHAIN account then I wanted to transfer my funds from Blockchain to my Local Bitcoin Wallet, is it possible? And if its possible, do they have processing fees or whatsoever? And, or, I should try to consider each bitcoin wallet their fees? Their service? I hope their fees would not eat all of my hard earned btcs.. Thank you! Smiley
That is always possible because all of the wallet is same not having difference in there and the fees is automated calculation and the fees is just a little in my minds. the fees is relied with your amount want to do transferring

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August 15, 2016, 01:47:19 PM
 #11

I know that there are huge transactions in each bitcoin wallets. Different security levels, functions, difficulties.. But there is something bugging me, if I have an for example a BLOCKCHAIN account then I wanted to transfer my funds from Blockchain to my Local Bitcoin Wallet, is it possible?

Yes.

And if its possible, do they have processing fees or whatsoever?

As far as the Bitcoin protocol is concerned, all fees are voluntary.

Bitcoin is a voluntary system for everyone involved.

You are not REQUIRED by the protocol to include a fee.
The peers on the network are not REQUIRED by the protocol to relay your transaction to any other peers on the network.
The miners and mining pools are not REQUIRED by the protocol to confirm your transaction if they don't want to.

Miners (and mining pools) have to spend money to purchase and operate their equipment.  Therefore, they prefer to receive some payment to cover those costs and earn a profit.  If you voluntarily include a fee with your transaction, then a miner will have an incentive to include your transaction instead of somebody else's transaction when they are building their block of transactions to confirm.  If you include a high enough fee, then you will provide enough of an incentive and some miner (or pool) will confirm your transaction for you.

Some wallets will allow you to send transactions without any fees (or with extremely low fees), and leave it up to you to decide if you want to take the risk that the transaction takes a VERY long time to confirm.  Other wallets creators protect their users from accidentally taking such a risk and will compute a fee and force the user to use a fee of at least the computed amount.  That all comes down to which wallet you choose to use.

The most popular wallets don't typically collect any fees for the wallet creator, but if a wallet creator wanted to they could create a wallet that pays the wallet creator a small fee. There may already be a few wallets less popular wallets out there like that.

And, or, I should try to consider each bitcoin wallet their fees? Their service?

Yes, before choosing a wallet, you should consider all the features of the wallet and determine which one best suits your needs.

I hope their fees would not eat all of my hard earned btcs.. Thank you! Smiley

That's up to you, and how you choose to use bitcoin and the wallet.

Since bitcoin transactions must spend each received transaction output separately, the more tiny value transactions that you receive the larger any transaction that spends those bitcoins will be in terms of bytes.  Larger transactions (more bytes) means you'll need to include a higher value fee to provide enough incentive for the miner (or pool).
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August 15, 2016, 02:03:34 PM
 #12

Local Bitcoin Wallet is something that doesn`t exist as I know, wallets can be online or offline. Its important who keep the private keys, wallets can be less or more protected, you choose how much you wish to be protected, if you plan to keep a lot of coins consider to pay for some good wallet. In comment above you can see why you pay that fee, and what is that money for. If you don`t wish to pay for fees Xapo is good for you, but you will need to wait almost always for confirmation, be prepared for that. If you wish things to be done faster pay a little fee, help miners to earn something and you will have coins on place you wish very fast.



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Rainbot
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August 15, 2016, 02:26:58 PM
 #13

The only thing that you want to avoid is some online wallets/exchanges make sure that if you use one that the site has a good rep and all.  Either way, as long as the site rules are met, the exchange would take place taking some time.  Wallet to wallet works with any wallet, just choose your type as some need to download the entire blockchain to function and others access the info via the internet.  

It is not technology that you need to account for, it is the evil of mankind that may create wallet software that steals from you.  Check this forum for the best alternatives or PM me for more details.
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August 15, 2016, 03:05:21 PM
 #14

Local Bitcoin Wallet is something that doesn`t exist as I know, wallets can be online or offline. Its important who keep the private keys, wallets can be less or more protected, you choose how much you wish to be protected, if you plan to keep a lot of coins consider to pay for some good wallet. In comment above you can see why you pay that fee, and what is that money for. If you don`t wish to pay for fees Xapo is good for you, but you will need to wait almost always for confirmation, be prepared for that. If you wish things to be done faster pay a little fee, help miners to earn something and you will have coins on place you wish very fast.
'Local Bitcoin Wallet' is popular shorthand and people usually call that software wallets like Bitcoin Core, Multibit HD or Electrum.
Online wallets are polar opposition and are 3rd party services and usually you have not control over bitcoin stored there.
Xapo wallet is baiting people by its no fee policy but it is only good when you are faucet user or rely heavenly on micro transaction.


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August 15, 2016, 03:28:21 PM
 #15

Xapo wallet is baiting people by its no fee policy but it is only good when you are faucet user or rely heavenly on micro transaction.

Thats right, Xapo is ideal for micro transactions within the Xapo as these are completly free. People often recommend to own the private keys or they dont own the Bitcoin. Thats right, but if you do a lot of microtransactions then the miner fees eat you up (and each transaction you send going to cost you hours of faucet captcha typing). So for faucet hunters Xapo is much better wallet, and if you buy some substantional amount of Bitcoins later it is time to own your private key with wallets like Electrum or Bitcoin Core. Bitcoin is simply not good enought for microtransactions anymore (it worked one year ago).

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August 15, 2016, 04:15:11 PM
 #16

I mean, the fees. If that's the case, i will do some research about that. All I care is about the fees.. Anybody knows? Or can give me some examples.. Thank you.. Smiley
Fee depend on transaction size and also how fast you want it to get confirmed by the network. If you don't know how much is suitable fee blockchain.info wallet have inbuilt recommend fee system which will show you how much you have to pay in fee which is calculated by the size of transaction in terms of Kilobytes and also time for confirmation as 10 minute maximum.
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August 15, 2016, 04:24:27 PM
 #17

I know that there are huge transactions in each bitcoin wallets. Different security levels, functions, difficulties.. But there is something bugging me, if I have an for example a BLOCKCHAIN account then I wanted to transfer my funds from Blockchain to my Local Bitcoin Wallet, is it possible? And if its possible, do they have processing fees or whatsoever? And, or, I should try to consider each bitcoin wallet their fees? Their service? I hope their fees would not eat all of my hard earned btcs.. Thank you! Smiley
Yes, you would be able to move your Bitcoin from your blockchain account to your local wallet freely, that is some of the beauty of Bitcoin. They wouldn't stop you. They do not cover the transaction fee though, which is about $0.10 USD, and there are no other processing fees that exist on the wallet to my knowledge. I have been using them for 3 weeks now, and nothing has been charged aside from the transaction fee.

Overall blockchain is a good service, and it's basically what you'd expect from most desktop wallets, just online.
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August 15, 2016, 04:38:23 PM
 #18

No offense but this should have been in the Beginners section basing from the nature of the question.
Pretty simple answer. All wallets can transfer funds to each other even if the service providers are different. Read how bitcoin network does it's transactions. It's a worthwhile one.
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August 15, 2016, 11:37:08 PM
 #19

Thank you guys! Now I know what to do.. I've done some research about that. Thank you for advising me to do some research and it really helped me a lot.. Smiley there's no offense, coz, I am a newbie. In need of tips and advices from pioneers here.. Well, thank you very much for the comments, tips and advices.. Smiley thanks!
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August 16, 2016, 12:49:31 AM
 #20

I mean, the fees. If that's the case, i will do some research about that. All I care is about the fees.. Anybody knows? Or can give me some examples.. Thank you.. Smiley
You don't need feeling worried about the fees because the fees depend on how many your amount wanna to sending I don't think fast or not the transaction will depend you transaction. if that is the confirmation is correct.

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