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Author Topic: Looking For Web Wallet with no Transaction Fee  (Read 3569 times)
scumbag (OP)
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May 14, 2015, 12:43:15 PM
 #1

Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago  just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.

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May 14, 2015, 01:11:31 PM
 #2

Blockchain.info. You can use a custom fee if the recommeded fee is high. Remember, using amount below recommded fee will decrease priority of your transaction which results in slower confirmation.

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May 14, 2015, 02:02:51 PM
 #3

You can use circle.com; they wont charge transaction fee but their btc price is usually +1% but as they sell it like that and you can sell the btc to them at that price too.

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May 14, 2015, 02:15:59 PM
 #4

Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago  just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.

I do not know blockinfo,but in general the fees (for blockinfo) are in relation of your deposits.
I have a private wallet (bitcoin core) and if I get several small deposits the fees are huge too.

Because of the fees,I propose at my investors a dedicated bitcoin address,so if they use faucets,they send direct on their investor account and one "fees way" is saved.








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May 14, 2015, 02:46:54 PM
 #5

Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago  just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.
care to share your tx link?

I think your fee is very high because you have a lot input on your wallet.
Maybe your bitcoin on your address are from faucets?

It will make your fee higher because your transaction size is bigger than usual, as network fee for default is 0.0001 BTC / 1 KB size.

You can set tx fee for 0 BTC, but you have several condition to do it
you can learn about that on this site : http://bitcoinfees.com/
That site have a good explanation for bitcoin's transaction fee
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May 14, 2015, 04:11:42 PM
 #6

Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago  just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.

You can set the fee on blockchain.info using the "Custom" send. Note that paying less than the "standard" fee means that the transaction could take days to go through.

btw, 0.0005 BTC is worth about $0.12. It seems like a waste of time to invest so little money.


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May 14, 2015, 04:23:44 PM
 #7

btw, 0.0005 BTC is worth about $0.12. It seems like a waste of time to invest so little money.

<start sarcasm>
I don't know about that.

If an investment has a return equivalent to an APR of 12% with compound interest, then it should double in value approximately every 6.5 years.

If the investment was made on behalf of a newborn infant, then when that infant reaches 65 years old they'll be able to retire with an incredible sum of $123.00!
</end sarcasm>

Any "investment" that accepts a deposit of 0.0005 BTC is a scam.  Most likely it is a ponzi, but there are many other possible "investment" scams it could be.
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May 14, 2015, 04:25:39 PM
 #8

Gotta agree with DannyHamilton, does not makes sense to invest 0.0005 on any site since thats really close to the minimun fee that most wallets use.

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May 14, 2015, 04:31:55 PM
 #9

btw, 0.0005 BTC is worth about $0.12. It seems like a waste of time to invest so little money.

... .... ....



Any "investment" that accepts a deposit of 0.0005 BTC is a scam.  Most likely it is a ponzi, but there are many other possible "investment" scams it could be.

Sorry...I accept investment less then $0.12 ... $0.02 exactly...and then you can even add less.AND IT IS NOT A SCAM.And it is not a PONZI.


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May 14, 2015, 05:45:54 PM
 #10

Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago  just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.
the only web wallet which i use is blockchain.info and you can easily change the fee in custom section. the reason why the fee is high has nothing to do with what wallet you are using it is because of the size of transaction.

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May 14, 2015, 05:47:59 PM
 #11

Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago  just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.

If you think the .0001 BTC transaction fee is to high maybe you shouldn't use bitcoin.
It costs money to send money, and that is what BTC is. Money.

You probably payed a .0002 transaction fee because you had to many inputs for a standard fee.
Also good luck on your "investment" site.. It's probably a ponzi and you're likely to lose your money.


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mayflor2
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May 15, 2015, 06:02:59 AM
 #12

Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago  just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.

There are very few places online and in real life that you can send someone thousands of dollars and pay less than 10 cents as a transaction fee.

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May 15, 2015, 06:08:35 AM
 #13

Are u worried about a fee or ur money to b safe OP?  For me safety seems more important than a fee associated with the function of bitcoin.
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May 15, 2015, 06:45:41 AM
 #14

Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago  just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.

If you think the .0001 BTC transaction fee is to high maybe you shouldn't use bitcoin.
It costs money to send money, and that is what BTC is. Money.

You probably payed a .0002 transaction fee because you had to many inputs for a standard fee.
Also good luck on your "investment" site.. It's probably a ponzi and you're likely to lose your money.
At leats if he is only investing 2c then he won't be too badly stung when the 'investment' goes wrong.
Circle does offer 'free' transaction fees, but that is more than off by other fees.

Either try your luck with no fee, and wait a long time. Or just send a real amount of money!  Does anyone really care about sending or receiving 2 cents?!
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May 15, 2015, 08:57:57 AM
 #15

Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago  just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.

Almost all safe wallets have a high fee,the equation is its prefer to wast little intead of wast all i can provid by a wallet with no fee but be sure that after you put your BTC,you account will be stolen.
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May 15, 2015, 01:35:26 PM
 #16

Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago  just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.

Almost all safe wallets have a high fee,the equation is its prefer to wast little intead of wast all i can provid by a wallet with no fee but be sure that after you put your BTC,you account will be stolen.

What are you talking about?   This is not true.  Blockchain.info doesn't keep the fee.   It goes to the bitcoin network.   And web wallets in general are not considered safe. 

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May 15, 2015, 01:39:49 PM
Last edit: May 15, 2015, 01:53:25 PM by alani123
 #17

Coinbase.com pays for all transaction fees, which means that your transaction aren't in danger of being in stuck in limbo for not paying a proper fee. That however, doesn't mean that it offers all the flexibilities a normal bitcoin wallet would offer, it doesn't even give users access to private keys.

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May 15, 2015, 03:06:39 PM
 #18

Coinbase.com pays for all transaction fees, which means that your transaction aren't in danger of being in stuck in limbo for not paying a proper fee. That however, doesn't mean that it offers all the flexibilities a normal bitcoin wallet would offer, it doesn't even give users access to private keys.

Do they pay fees when sending from their multisig wallet or vault? I think both offers partial private key access.

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May 15, 2015, 04:41:31 PM
 #19

Moving such small amounts of money around doesn't seem practical to begin with.   Is it really worth invest 16 cents USD in a ponzi site to begin with?  Fees need to be paid to give miners an incentive to confirm your transaction.   The network has had a high tx volume lately so it is very necessary to have fees in place.

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May 15, 2015, 04:44:05 PM
 #20

Looking For Web Wallet with no Transaction Fee, anyone?
I'm using blockinfo but the fee is too high. A while ago  just deposited in an investment site for 0.0005, when i see my 'tx' the fee is 0.0007.

One of my wallets is on Xapo. It's true, the withdrawals I made were small amounts, but there's no fee.
The downside is that you don't have full control (priv key) for that wallet and you need a phone number for SMS verification.

My ref link is http://xapo.com/r/Y0JDCQ3 (I would get a few bits if you use it) but you can also use the normal http://xapo.com


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