Xapo will start charging a fee to receive transactions

[sayyedraza]

SO which other bitcoin wallet dont have Network Fee ? can anyone name it ?

Thanks

[iMaster]

I tried to send 0.0016 BTC but..


Is this a joke?

[Dhimas Kanjeng]

Is xapo a safe wallet when there is issue segwit 1 august later? I was curious and there was a bit of balance so I had to find a safe wallet.

[LTU_btc]

Is xapo a safe wallet when there is issue segwit 1 august later? I was curious and there was a bit of balance so I had to find a safe wallet.

Xapo isn't safe in this case. You have to use wallet which gives you full control of your private keys. You need to move your bitcoins somewhere else to secure it.

[BitHodler]

Is xapo a safe wallet when there is issue segwit 1 august later? I was curious and there was a bit of balance so I had to find a safe wallet.

Xapo isn't safe in this case. You have to use wallet which gives you full control of your private keys. You need to move your bitcoins somewhere else to secure it.

In other words, every coin you own, should at all times be stored offline. I would recommend anyone to use the Core client for that.

Yes, it may require some decent time to download all block data, but in the meantime you can generate an address within Core to store all your coins properly.

Before encrypting the wallet file, make sure you extract the private key with the dumpprivkey line followed by a space and then the address you want to extract the private key from.

From there you can use that private key to create a paper wallet for proper offline storage. Obviously, your PC or laptop should be clean from viruses and other garbage.

[fluturash]

I tried to send 0.0016 BTC but..
https://i.imgur.com/tCz3r8z.jpg

Is this a joke?

I just took a look at their fees and ... I just have to change wallets . It is to much . If I want to sent to sent someone I have to pay a big fees . Time to move on .

[Fatunad]

Is xapo a safe wallet when there is issue segwit 1 august later? I was curious and there was a bit of balance so I had to find a safe wallet.

Xapo isn't safe in this case. You have to use wallet which gives you full control of your private keys. You need to move your bitcoins somewhere else to secure it.

Thank you for giving some advice since i do really have the same question as him regarding about storing up my bitcoin in xapo wallet but as you said better to put into a wallet which you do have the private keys which are only possible on desktop and blockchain wallets. Ive been using Xapo way back before and as far as i remember and the thing i do like the most that they do have free tx but for now they end up on charging again but what the heck about tx fee on incoming transaction?

[LegendOF45]

SO which other bitcoin wallet dont have Network Fee ? can anyone name it ?

Thanks

I was curious about this, and some web wallet I tried, and nothing to network free.
Most of them reasoned because of the increasing network and mining costs.

[fluturash]

I have nothing against paying fees but Xapo fee is to much . If I want to sent they charge like 0.001 or more . Other wallets have less fees . Oh well

[ReyshElle]

Sending fee is already unreasonably high plus this receiving fee? Using this wallet will be unprofitable for small time bitcoin users.

[winspiral]

I tried to send 0.0016 BTC but..


Is this a joke?

The problem is that within 6 blocks is to "fast" for most of transactions.

Even within 25 (like one bitcoin core) is very fast.

Xapo is still interesting if you send satoshi within xapo.

[rjbtc2017]

My concern here is, This move of Xapo about transaction fees might inspire other web wallets just like my another web wallet provider which is coins.ph sending within coins.ph to another coins.ph email address is FREE(using the PESO wallet) /Receiving is also free but not the sending from Bitcoin Wallet.
If this is the way Xapo can generate their profit and to retain their business then this is justifiable, but if other web wallet like coins.ph which generates their profit from their online exchange this will be questionable and unacceptable.

[Barcode_]

Charging user a fees to receive bitcoin transaction is just way too bad in my opinion, Xapo is not the only company that provides users a bitcoin wallet to receive bitcoin transactions, if the users are willing to spend some time researching bitcoin wallets, they could always find a better and more secure bitcoin wallet easily.

[winspiral]

Charging user a fees to receive bitcoin transaction is just way too bad in my opinion, Xapo is not the only company that provides users a bitcoin wallet to receive bitcoin transactions, if the users are willing to spend some time researching bitcoin wallets, they could always find a better and more secure bitcoin wallet easily.

The problem is that if you get to small amount,you get dust and it is somewhere right to charge "dusters"...
Who has to pay the dust fees?
why only the xapo sender and not the receiver?

[engin978]

I was really shocked when I see withdrawel fess!!!!
omg...
Most of Xapo users are using it because of faucet claiming...
So people are working on faucets just to pay xapo withdrawel fees? 

[winspiral]

it is why I will try with my kind of faucet  to move partly the payout per Ether.
I avoid Xapo except if it is for an other xapo member.

[1Referee]

I was really shocked when I see withdrawel fess!!!!
omg...
Most of Xapo users are using it because of faucet claiming...
So people are working on faucets just to pay xapo withdrawel fees? 

You are shocked because you are probably a faucet farmer as well. When the price was like $1000 faucets were already an utter waste of time, which is far worse now due to how the price has gone up. People shouldn't blame Xapo for charging network fees. People should blame themselves for putting a lot time into something that won't even cover the transaction fee of Xapo or any other wallet service. It's probably a good time for anyone to quit making use of faucets, because faucets and other few satoshi earning options only clutter the network with their garbage. If you don't want to quit, you are obviously free to keep wasting your time further, but at least don't complain - again, it's not Xapo's fault.

[shield132]

To my mind that's a shame to earn money from faucet farmers. If they don't have good profit from their business (which I doubt highly because a lot of people uses their service + rich ones).
I like their exchange rate but it would be better if they take a little bit more fee from it. Not better for me but it's really a shame, such a big company tries it's best to make money from faucet farmers.

[RamonBTC]

Missing an old Xapo wallet I’ve created before that sending small transactions without fee and instantly, but because it makes a huge turn around and for them to increase fees, most old clients seems irritated and now even I have to move on and do a new account of a much cheaper wallet. I hope they will find some solution in this uncertainty and may come up a better alternative income than this.

[mega_carnation]

To my mind that's a shame to earn money from faucet farmers.

I remember when I was still new to bitcoin and I started out with faucets although I'm still into faucets but xapo doesn't fit it anymore. You're profit from claiming satoshi's with different faucets will be gone when you are about to transfer it to an exchange or any wallet that you are comfortable with.

If they don't have good profit from their business (which I doubt highly because a lot of people uses their service + rich ones).

They had a good profit, they had other service like debit card which has also high fee.