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Author Topic: Wallets without fees and stupid people  (Read 763 times)
target
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January 16, 2017, 03:11:00 PM
 #21


Why would you want to cheat the miners?
Give them some cents after all they are confirming your transactions to get through to the other side. Paying fee is the only way to make bitcoin work for you and for the entire ecosystem of the currency.

And by the way never trust an online wallet, they may be hacked the next day.

The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Anarchist
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January 16, 2017, 03:15:15 PM
 #22

Correct me if i am wrong:
Coinbase doesn't have fees, right?

waltonvani
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January 16, 2017, 03:16:15 PM
 #23

Indeed , all wallets have fees. Services like Xapo not that they don't have fees but that they pay them for you and that's only to bring users to their platforms. I wouldn't even consider them as wallets as they don't give you control over your private keys in the first place.
I wouldn't mind using a few cents as transaction fees If I actually have control over my money while Its not the case in Xapo.

That is right . it's just only free of charge for users of XAPO so they can receive more money from XAPO Users and They still pay fees for all their transactions . Really, I can not believe in that wallet  and we do not know where my money is?

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January 16, 2017, 03:21:57 PM
 #24

I tried Xapo long back and i was quite happy with the wallet but after some days I felt that i am insecure and finally i had withdrawn all my balance into blockchain wallet which is my all time favorite.


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royalfestus
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January 16, 2017, 04:13:20 PM
 #25

Indeed , all wallets have fees. Services like Xapo not that they don't have fees but that they pay them for you and that's only to bring users to their platforms. I wouldn't even consider them as wallets as they don't give you control over your private keys in the first place.
I wouldn't mind using a few cents as transaction fees If I actually have control over my money while Its not the case in Xapo.
this issue of not having control over your private keys does not give any sense of security to me. The decision to pay or not should be by the account owner probably to get control over his/her keys. Blockchain.info has the problem with limited control on ones account


     
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January 16, 2017, 04:28:21 PM
 #26

Quoted from Xapo site : " Xapo does not charge network transaction fees. Sending bitcoins using Xapo to another person, whether they are

another Xapo user or not, is free regardless of the amount. "

They do charge you to buy bitcoins : " Xapo charges a fee of 1%. Also, processing fees may apply depending on the payment method. "

For obvious reasons, Xapo has to charge something for the processing of bank charges, but for that.. you have to blame the banks.  Roll Eyes

You can try https://www.asmoney.com/ for NO or limited fees. I have used them before, without any hassles.  Grin

 

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January 16, 2017, 08:29:27 PM
 #27


Why would you want to cheat the miners?
Give them some cents after all they are confirming your transactions to get through to the other side. Paying fee is the only way to make bitcoin work for you and for the entire ecosystem of the currency.

And by the way never trust an online wallet, they may be hacked the next day.
No one is cheating any miner here because Xapo for instance covers the fees on behalf of their customers, so nevertheless the fees are paid. What should be a source for concern is their reason for choosing to offset the fees themselves because there truly is no free lunch anywhere.

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