Bitcoin transaction fees

[Supercrypt]

Yup. Your only option is somewhere like Xapo that swallows the fees. I've no idea why they do it and how long they'll carry on doing it for, but it's a useful service for piddly amounts. Perhaps the lightning network will allow micropayments to go wide but I've no idea how.

For small amounts, you need to use a wallet that charges no fee. Xapo is a wallet that can be used (it charges no fee from its users and adds its own fee to confirm these transactions) else for bigger transactions, blockchain is the best.

you're both correct, xapo does pay the fee for you. This doesn't mean there is no fee to be payed, it just means xapo pays the bill. Personally, i'm rather weary of such services, if you're not paying, you're the product...

I don't know how they do it, but in order for their business model to be successfull, they have to make money from your account if they're willing to pay for your fee.
This is just my personal sentiment, it's not backed by any mathematical proof.

They pay the fee on behalf of the user but they earn from it as xapo is itself an exchange service which allows you to buy bitcoins (but higher than the market rate). They send multiple transactions together and include a fee of 0.0003 BTC to get the transaction confirmed soon and they don't lose any money.

[Jasad]

For small amounts, you need to use a wallet that charges no fee. Xapo is a wallet that can be used (it charges no fee from its users and adds its own fee to confirm these transactions) else for bigger transactions, blockchain is the best.

Exactly,i think newbie or begginer must be know about some wallet and their benefit,its will give them information and knowledge,some wallet put almost no fees,like coinbase,xapo and others. knowing about many wallet also will gve benefit for newbie to more sure about which wallet will used by them.

[daringdiscovered]

I often send small amount of Bitcoin around 100,000 satoshi, is there a way to avoid paying a fee that is a significant proportion of the amount sent?

If you want to avoid paying a fee use a bitcoin wallet that don't need transaction fees to send like xapo. Or try some different wallets and find out if they have a transaction fee or not. I personally like xapo because it's minimum amount to send is 55 bits or 55k satoshi. But i always check its receiving address because it is constantly changing for security purposes i think.

[BitcoinSupremo]

I am afraid your only option is by manually adjusting the fee to 0.00001 BTC but this can take quite a lot and sometimes even be rejected from network. A minimum amount I have payed is 0.00005 BTC as a fee but I rarely do this, I let electrum do the correct fees for me automatically which results in using larger fees than other wallets but transaction got confirmed real fast compared with other wallets.
I recommend you don't do a lot of transactions with 0.001 BTC, you can accumulate and use a minimum of 0.005 BTC as transaction. However there is no clear answer to solve your problem.

[zeaderza]

Hello,
You can use xapo wallet to avoid transaction fee,also if you want a low fee on any wallet you need to wait more time for a confirmation.
With xapo wallet you not need to pay any fee and you will receive one confirmation fast.

[YTBitcoin]

I am using xapo and there I did not have noticed any fee while transacting bitcoins to any address. so I will suggest to use xapo.

[Cent21]

Hi everybody.

Is registration of phone number mandatory with xapo wallet? Is there any way to avoid registering a phone number?

Thanks

[shirackjs]

For small amounts, you need to use a wallet that charges no fee. Xapo is a wallet that can be used (it charges no fee from its users and adds its own fee to confirm these transactions) else for bigger transactions, blockchain is the best.

you can use also direct bet wallet or even other wallet from this type of service... But you run a risk... you are not the really proprietary of your priv key/btc stored!

[Cent21]

However one issue I have is that you have to confirm your phone number before using the wallet, I would have preferred it if this was just for purchasing Bitcoin as the reason I use Bitcoin is for its anonymity.

That's exactly what i was thinking...

There is no way to avoid registering your phone number.

[Lauda]

There is coinbase wallet in which if you pay between coinbase wallet addresses you don't have to pay fees
-snip-

That's because they are using their off-chain systems..

I am afraid your only option is by manually adjusting the fee to 0.00001 BTC but this can take quite a lot and sometimes even be rejected from network.

This is wrong. This fee does not guarantee anything. When you are talking about fees, you need to talk in satoshis/byte included. If you don't do that, and use fixed numbers you will be mistaken (quite often). A fee X might be enough for a one transaction, but it might be too low for another one (due to differentiating sizes).

There is no way to avoid registering your phone number.

If you want anonymity, stop using online wallets. It is as simple as that.

[Kprawn]

I am using xapo and there I did not have noticed any fee while transacting bitcoins to any address. so I will suggest to use xapo.

It has it's drawbacks... The person you sending the bitcoin to, must also be registered with Xapo to get that benefit of the lower fees. This only happens, because this transaction is not done on the

Blockchain... We call it "off-chain" transactions. If the person is not registered with Xapo, the transaction will be done on the Blockchain and then regular fees will be charged. I am very curious to know,

why someone would want to send small amounts like that on a regular basis... this will cause problems in future, if these small amounts are send to the same address. 

[amacar2]

I often send small amount of Bitcoin around 100,000 satoshi, is there a way to avoid paying a fee that is a significant proportion of the amount sent?

If you send all the transaction in one input than you can make payment go through with as little fee as needed for one transaction.

[wuvdoll]

I often send small amount of Bitcoin around 100,000 satoshi, is there a way to avoid paying a fee that is a significant proportion of the amount sent?

Yes, register/adopt to a new wallet service that has very less to no transaction fee for making sending bitcoins.

With XAPO you need not to pay any fee. With bitcoin-qt or bitcoin core wallets you can set fees to zero, but not sure when your transactions will be included in blocks to get conformations.

Sometimes the  minimum transaction fee is 0.0001 BTC I can't think of anything that could be lower than that.

[lixer]

I often send small amount of Bitcoin around 100,000 satoshi, is there a way to avoid paying a fee that is a significant proportion of the amount sent?

Bitcoin transaction fees is also really headache for me right now as a small trader. I use blockchain most of time when I need to trade with someone and need to get confirmation hurry. XAPO wallet is the best if you want a small transaction because there is no transaction fees but they will process your transaction from their addy combined with other people's transactions.

[dearbesz]

when it comes to transaction fees, Bitcoins is the  lowest charge fee ive ever
encounter compare to other transaction that i did and aside from it there is a rebates too.
so what else can i ask for,

[extrabyte]

I often send small amount of Bitcoin around 100,000 satoshi, is there a way to avoid paying a fee that is a significant proportion of the amount sent?

100,000 satoshis worth 74 cents today which is not a small amount anymore, from my experience i would suggest you to move to another wallet where you don't have to pay for transaction fee which are coinbase or xapo. I have used coinbase and it does pay the tx fee and does not deduce from your balance.