Bitcoin transactions - how to reduce fees?

[Small]

The bitcoin developers are about to reduce the transaction fees on the bitcoin network tenfold, thanks to the relatively high value of the digital currency.
Transaction fees are small amounts paid to send bitcoin transactions around the network (think of them like postage stamps) and to get miners to confirm them by including them in a mining block. They're paid in satoshis (tiny amounts of bitcoins), which means that as the price of bitcoin rises, the transaction fees get higher.

The developers have no power over the transaction fee, the only thing that they can try is to lower the minimum relay fee (Minimum fee needed for nodes to relay your transaction). Miners decides on which fee they want to accept.

Just make new BTC Web wallet here - http://blockchain.info and then the standart transaction fee will be 0.0001 BTC per transaction. Simple and smart decision, plus you can also use one BTC address - it will save on sending fees  And for larger BTC volumes - buy Trezor, which is safe decision 

Nothing changes. It would still take the same time. The fee is 0.0001BTC/KB. The total transaction fee depends on the size. One BTC addresses with lots of inputs wouldn't change the fee, it would still be big.

[biggbox]

I am seeing the impact of dust collection on one address.

I am unable to send coins as my wallet returned me an error:

error: The transaction was rejected by network rules. (64: dust)

What should I do now? LOL

[biggbox]

I am seeing the impact of dust collection on one address.

I am unable to send coins as my wallet returned me an error:

error: The transaction was rejected by network rules. (64: dust)

What should I do now? LOL

try to send to another address that's still empty (or generated new one) or you can use mixing service

Thanks. I emptied that address and sent the funds to a brand new address. My goodness. The txn fees are astronomical and it is taking very long to sign the txn. I guess I have to empty the dust address once in a while as it is still actively in use.

[foxbitcoin]

Just make new BTC Web wallet here - http://blockchain.info and then the standart transaction fee will be 0.0001 BTC per transaction. Simple and smart decision, plus you can also use one BTC address - it will save on sending fees  And for larger BTC volumes - buy Trezor, which is safe decision 

Nothing changes. It would still take the same time. The fee is 0.0001BTC/KB. The total transaction fee depends on the size. One BTC addresses with lots of inputs wouldn't change the fee, it would still be big.

The amount of fees is based on the number of inputs. The more number of inputs, the more tx size. So you have to pay more fees.

I am seeing the impact of dust collection on one address.

I am unable to send coins as my wallet returned me an error:

error: The transaction was rejected by network rules. (64: dust)

What should I do now? LOL

Your should increase your sending amount and include the minimum fees.

[dothebeats]

when I push the coins to my exchange, the transaction fees are still as high! It is almost no difference from using multiple receiving addresses

Define high?

You can set the transaction fee to dynamic with the lowest fee possible and then the electrum will choose what fee to add, but do remember that it will make you transactions low/medium priority and may take hours to confirm. Or just add 10k Satoshi fee/KB and all your transactions will be sent with that and they will be high priority and confirm normally. There is also an option in electrum to manually enter the fee but as I said, low fee may get your transaction stuck with no confirmations for a long time. If you think about it, 10k Satoshi fee/KB is not that high.

Even though I use a common address to do transactions, electrum will throw a warning message when I tried to send all coins "Warning: The transaction fees are unusually high".

When I go to the block chain to look through my transactions, I realised my common address has many outputs after I tried to send all coins. My question is: Aren't all transactions at a common address "merged" or "flattened"?   

Please take a look at a sample screen capture:

That's why. Most of these transactions are dust (which takes up too much bytes in a tx. tx fee is calculated per kB) You should take a read on how to work your way out of dust transactions and how to get rid of them. For further reading, see here on how transaction fees are calculated.

[bob123]

10k Satoshi are 0.03 USD.

Not too high imo.

[Coin0fMisery]

The fees are ok, as they are not that high. If the value of BTC increases  and the fees stay the same, they can tend to get high though.

[Palinanv]

The best way to reduce fees no matter what carrier you signed your address to is by making small transactions.

[shorena]

The best way to reduce fees no matter what carrier you signed your address to is by making small transactions.

signing a text will make the transaction size go bigger than usual but it doesn't matter if you'd giving fees atleast 0.0001 , size is no matter,otherwise if you'd sending big amount of btc you'll need to increase it

No signing a text message will not change your past or future transaction size. You can attach a message to transaction if thats what you had in mind.

Any fixed fee you will get accustomed to will also be wrong eventually. 100k Satoshi may sound like enough, but its not if your TX is over 3500 bytes. Size in byte has the biggest influence on the fee, because miners typically sort by fee per byte. The amount of BTC you transfer however is irrelevant.

If you dont use a wallet that estimates the fee for you based on the current state of the network (like core or electrum) use something like cointape[1] to see how much a fee you need to pay.

[1] new URL: https://bitcoinfees.21.co/