How much transactions fees?

[LiteCoinGuy]

with artificial 1 MB blocks:

1 USD dollar per transaction next year - but you can use Paypal instead  


/s

[BitcoinNewsMagazine]

Coinwallet.eu is stress testing this month by flooding the network with many small transactions, and they use .0005 for fee, so you can get priority by using .0006 bitcoin miners fee.

[BlindMayorBitcorn]

Coinwallet.eu is stress testing this month by flooding the network with many small transactions, and they use .0005 for fee, so you can get priority by using .0006 bitcoin miners fee.

September 10th. I'm calling it 'don't buy anything with Bitcoin day'. It's fun!

[mookid]

I use 0.00001 BTC as fee. Using more than that is too expensive for me since i live in a third world country. Of course, if i'm sending an important transaction i pump up the fee price (to make sure my TX gets priority). Also, i'm using electrum wallet.

[maokoto]

I use coinbase, so I do not care much about the fee. But it surprises me that it is so high. I did not know.

[OROBTC]

...

I consider most of by BTC transactions to be important, and I want to see them go through quickly, especially if there is a bogus Stress Test going on.

I have had excellent results with BTC0.0002 in normal times and BTC0.0003 when the blockchain is under attack.  Or even more if I feel it is warranted.

BTC0.0003 is about US$0.072.  7.2 cents.  Peanuts if sending $100 worth of BTC...

[coinzat]

It is up to you , you can put any amount of btc as fees , the standard rate is 10k satoshi
I tried before to send a transaction without fees and it takes some hours to be confirmed

[Sarthak]

I usually use 0.0001 BTC.
But if you want the tx to get through faster, adding 0.0001BTC extra doesn't really make a difference

[Rumichbit]

I use 0.00001 BTC as fee. Using more than that is too expensive for me since i live in a third world country. Of course, if i'm sending an important transaction i pump up the fee price (to make sure my TX gets priority). Also, i'm using electrum wallet.

That indeed happens, imagine how hard would be earning something from faucets due little fees..

[ikydesu]

Hi folks,

I would like to know what is a usual fee to attach to a transaction? Is there any webpage where I can check the current recommended fee?

Thank you very much in advance!

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

Look at settings and technical info section.

I personally use recommend fees, use default fees from my wallet service.

[sebzak]

transactions fees can be pretty high when you get tons of ultra low bitcoin payments.

[gogxmagog]

transactions fees can be pretty high when you get tons of ultra low bitcoin payments.

This is one of the main arguments against using faucets. Besides the tiny amount you make for hours of work, the payouts are all dust so when you try to spend them, even bundled up to anything significant, you pay huge fees. Wallets like multi it won't even let you choose the fee, so 20 faucet payouts totalling maybe a dollar can't be spent for less than around 20 cents tx fee.

It kinda busts the whole "btc will empower micro payments" claim. No dude in Africa is going to pay bus fare with btc if it has 20% fee attached

[nero987]

I was using a BTC0.001 fee on a BTC0.33 transaction yesterday but it still took 80+ minutes to confirm 

[ranochigo]

transactions fees can be pretty high when you get tons of ultra low bitcoin payments.

This is one of the main arguments against using faucets. Besides the tiny amount you make for hours of work, the payouts are all dust so when you try to spend them, even bundled up to anything significant, you pay huge fees. Wallets like multi it won't even let you choose the fee, so 20 faucet payouts totalling maybe a dollar can't be spent for less than around 20 cents tx fee.

It kinda busts the whole "btc will empower micro payments" claim. No dude in Africa is going to pay bus fare with btc if it has 20% fee attached

This was quite a huge problem last time. It was easily solved if the faucet uses an API to send the payments to an offchain central wallet and withdraw when you hit the minimum thershold. This effectively combined your many faucet payments into one.

[Amph]

I was using a BTC0.001 fee on a BTC0.33 transaction yesterday but it still took 80+ minutes to confirm 

that might happen from time to time, you were just unlucky, because of this reason i'm not bothering, with fee above 0.0001, it can be only a waste of satoshi

stick with the standard and you're done

[dinda22]

I was using a BTC0.001 fee on a BTC0.33 transaction yesterday but it still took 80+ minutes to confirm  

I always use fee of 0.0002BTC and it went well for me. 0.001 is large enough, you do not need to waste your BTC with a large fee.

[btccashacc]

im not pay fee to send Btc because i use xapo
but i pay 20ksatosi to yobit for my withdraw

[xhoneyael]

10k satoshi even it take time i think it enough.
if you want to save more use some wallet like coins.ph
or xapo.. 

[rinhunter]

I always put 0.0002BTC as a transaction fee, most people say the more the fee = faster confirmation, I do not know for sure.

[BitcoinNewsMagazine]

When coinwallet.eu is doing their stress tests they use a fee of .0005 btc, so if you are in a hurry you need to match that fee or increase to .0006.