Bitcoin Forum
February 17, 2020, 08:17:46 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Your Experience with Bitcoin Fees?  (Read 391 times)
Dmitry.Vastov
Hero Member
*****
Offline Offline

Activity: 840
Merit: 520



View Profile
August 31, 2018, 04:46:45 PM
 #41

I just did a transaction where I paid 1 cent in fees and it confirmed on the next block. Not only that but the next block came within half a minute of me doing my transaction.

The whole thing was almost implausibly good.

Generally, I always worry about fees but they never amounted to much in my experience of bitcoin. I don't do anything special. I use the latest stable version of bitcoin core and let it calculate the fees for me, I just use default settings.

According to bitinfocharts the average is $1, but my transaction of 160 something bytes only took 0.01 cents.

According to https://bitcoinfees.earn.com/ I should have paid 4 satoshis per byte, amounting to 0.04 cents.
We all know that all the crypto currencies available in the market are the decentralised one and thus the same implies for bitcoin also , as bitcoin is a decentralised crypto currency, there is no such proper authentic regulating body over the bitcoin and thus there is improper trading is going with bitcoin as there is no one to regulate the every minor thing of bitcoin like bitcoin transactions and then comes the bitcoin fee , thus leading to illegal use and decrease in number of investors and for this centralised of bitcoin is the only solution.
Bitcoin Poker 3.0
The Largest Bitcoin Poker Site
Bad Beat Jackpot Available
No Limit Texas Hold'em Cash Games And Tournaments
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1581970666
Hero Member
*
Offline Offline

Posts: 1581970666

View Profile Personal Message (Offline)

Ignore
1581970666
Reply with quote  #2

1581970666
Report to moderator
1581970666
Hero Member
*
Offline Offline

Posts: 1581970666

View Profile Personal Message (Offline)

Ignore
1581970666
Reply with quote  #2

1581970666
Report to moderator
1581970666
Hero Member
*
Offline Offline

Posts: 1581970666

View Profile Personal Message (Offline)

Ignore
1581970666
Reply with quote  #2

1581970666
Report to moderator
BaeNaNa
Full Member
***
Offline Offline

Activity: 287
Merit: 100


Cryptics


View Profile
August 31, 2018, 04:58:10 PM
 #42

From my experience the fee and the network condition right now is really good, if you already in crypto last year then you'll remember when the network is clogged and the transaction fee is really expensive especially when the price of bitcoin rise a lot. Right now it's clearly much better but we won't know if the they spammed the network again.

Cripinggedang
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
August 31, 2018, 05:07:54 PM
 #43

I don't have enough experience about bitcoin. maybe you want to share your experience
Juggy777
Hero Member
*****
Offline Offline

Activity: 1218
Merit: 532



View Profile
August 31, 2018, 05:12:41 PM
 #44

I just did a transaction where I paid 1 cent in fees and it confirmed on the next block. Not only that but the next block came within half a minute of me doing my transaction.

The whole thing was almost implausibly good.

Generally, I always worry about fees but they never amounted to much in my experience of bitcoin. I don't do anything special. I use the latest stable version of bitcoin core and let it calculate the fees for me, I just use default settings.

According to bitinfocharts the average is $1, but my transaction of 160 something bytes only took 0.01 cents.

According to https://bitcoinfees.earn.com/ I should have paid 4 satoshis per byte, amounting to 0.04 cents.

I have been doing a few transactions myself, and I use Electrum wallet, and I never bother to set up fees as it selects the lowest fees always. A few days back I was paying slightly higher fees, and these days it's barely few satoshis, but transaction confirmation is taking longer than a day. It's good to see the blocks are being mined so quickly, and confirmations are happening so fast, I'll test again soon and post how long it took.

.BitDice.               ▄▄███▄▄
           ▄▄██▀▀ ▄ ▀▀██▄▄
      ▄▄█ ▀▀  ▄▄█████▄▄  ▀▀ █▄▄
  ▄▄██▀▀     ▀▀ █████ ▀▀     ▀▀██▄▄
██▀▀ ▄▄██▀      ▀███▀      ▀██▄▄ ▀▀██
██  ████▄▄       ███       ▄▄████  ██
██  █▀▀████▄▄  ▄█████▄  ▄▄████▀▀█  ██
██  ▀     ▀▀▀███████████▀▀▀     ▀  ██
             ███████████
██  ▄     ▄▄▄███████████▄▄▄     ▄  ██
██  █▄▄████▀▀  ▀█████▀  ▀▀████▄▄█  ██
██  ████▀▀       ███       ▀▀████  ██
██▄▄ ▀▀██▄      ▄███▄      ▄██▀▀ ▄▄██
  ▀▀██▄▄     ▄▄ █████ ▄▄     ▄▄██▀▀
      ▀▀█ ▄▄  ▀▀█████▀▀  ▄▄ █▀▀
           ▀▀██▄▄ ▀ ▄▄██▀▀
               ▀▀███▀▀
        ▄▄███████▄▄
     ▄███████████████▄
    ████▀▀       ▀▀████
   ████▀           ▀████
   ████             ████
   ████ ▄▄▄▄▄▄▄▄▄▄▄ ████
▄█████████████████████████▄
██████████▀▀▀▀▀▀▀██████████
████                   ████
████                   ████
████                   ████
████                   ████
████                   ████
████▄                 ▄████
████████▄▄▄     ▄▄▄████████
  ▀▀▀█████████████████▀▀▀
        ▀▀▀█████▀▀▀
▄▄████████████████████████████████▄▄
██████████████████████████████████████
█████                            █████
█████                            █████
█████                            █████
█████                            █████
█████                     ▄▄▄▄▄▄▄▄▄▄
█████                   ▄█▀▀▀▀▀▀▀▀▀▀█▄
█████                   ██          ██
█████                   ██          ██
█████                   ██          ██
██████████████████▀▀███ ██          ██
 ████████████████▄  ▄██ ██          ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ██          ██
             ██████████ ██          ██
           ▄███████████ ██████▀▀██████
          █████████████  ▀████▄▄████▀
[/]
A Feeder
Full Member
***
Offline Offline

Activity: 392
Merit: 101



View Profile
September 07, 2018, 01:11:38 PM
 #45

I'am not have an experience to bitcoin fees but based to some news that I heard and read bitcoin fees is not good at all because it was lower than before and faster than before. That's why many users are making decision that they hold their coins until it go bad to the old price.
pokang13
Newbie
*
Offline Offline

Activity: 106
Merit: 0


View Profile
September 07, 2018, 02:34:44 PM
 #46

So far, I had a great experience with bitcoin fees.I find it convenient and efficient.If you have digital wallet with bitcoins, you will just click it and instantly you can pay and transact.
LorenoCoin
Jr. Member
*
Offline Offline

Activity: 267
Merit: 8

In pace leones, in proelio cervi.


View Profile
September 07, 2018, 02:51:55 PM
 #47

The fees are un 0.0005 btc in Binance
Phan Long
Jr. Member
*
Offline Offline

Activity: 224
Merit: 2


View Profile
September 07, 2018, 03:12:44 PM
 #48

Low transaction fees are one of Bitcoin's strengths. Bitcoin transactions are quick, easy, convenient, and low transaction costs. That makes it go beyond traditional trading, and everyone wants to turn the traditional way into virtual currency trading to save money.
Kprawn
Legendary
*
Offline Offline

Activity: 1862
Merit: 1068


View Profile
September 07, 2018, 03:48:57 PM
 #49

I made a small purchase today and I paid $0.55 in fees and it confirmed within a couple of minutes. I was lazy, so I used

the highest default fee in Electrum. I used a lower fee for many other tx's and all of them confirmed, so I guess even the fees

on the Legacy Bitcoin addresses are cheap and fast these days.  Grin {I had some leftover coins in that address and I paid for

something at a local retailer and it was still a good experience}  Roll Eyes

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
r32godzilla
Hero Member
*****
Offline Offline

Activity: 1176
Merit: 502



View Profile
September 07, 2018, 06:02:24 PM
 #50

Well i could not forget those bitter days particularly during last Christmas if I'm not wrong,i had to pay a terribly high fee for getting my transactions confirmed as thousands of unconfirmed transactions got marched due to more miners switching to mine Bcash.That was actually a double side attack on bitcoin by switching miners to mine Bcash instead of bitcoin and at the same time vigorously pumping Bcash by roger ver and his team to show Bcash as the true bitcoin.But now thanks to segwit activation,all things have become surprisingly normal.

        ▄▄▀▀▀▀▀▀▀▀▀▄▄
     ▀▀ ▄▄▀▀▀▀▀▀▀▄▄ ▀▀▄
  ▄  ▄▀▀           ▀▀  ▀▄
 ▄▀ █      ▐█ █▌      █ ▀▄
▄█ █     ▄███████▄     █ █▄
█ ▄▀    ██▀▐█ █▌▀██     █ █
█ █     ██ ▐█ █▌ ██     █ █
█ ▀▄    ██▄▐█ █▌███    ▄▀ █
▀█ █     ▀████████▄    █ █▀
 ▀▄ ▀      ▐█ █▌ ▀█▌  █ ▄▀
  ▀▄  ▀▄           ▄▄▀  ▀
    ▀▄▄ ▀▀▄▄▄▄▄▄▄▀▀ ▄▄
       ▀▀▄▄▄▄▄▄▄▄▄▀▀
      █▀▀▀▀▀▀▀▀▀▀▀▀█
▄▄▄▀▀▀█   ▄▄▄▄▄▄   █
█     █ ▄▀      ▀▄ █
 █  ▄██ █        █ █
 █  █ █ █        ▀ █
  █ █ █ █ ▄█▄█▄  ▀ █
  █  ██ █  █▄▄█▄ █ █
   █ ██ ▄ ▄█▄▄▄█ █ █
   █  █ ▄  ▀ ▀   █ █
    █ █ █        █ █
    █ █ ▀▄      ▄▀ █
     ██   ▀▀▀▀▀▀   █
      █▄▄▄▄▄▄▄▄▄▄▄▄█
.PLATINUM  STABLECOINS
..USDQ KRWQ CNYQ JPYQ...

─────────────────────────
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█     ████     █
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀
██████
██
██







██
██
██████
██████
██
██







██
██
██████
▬▬▬▬▬▬▬▬   WHITEPAPER   ▬▬▬▬▬▬▬▬
...FACEBOOK... .....TWITTER..... ...TELEGRAM...
▬▬▬▬▬▬▬▬   ANN THREAD   ▬▬▬▬▬▬▬▬
bitbunnny
Legendary
*
Offline Offline

Activity: 1974
Merit: 1048


WOLF.BET - Provably Fair Dice Game


View Profile
September 07, 2018, 06:26:22 PM
 #51

Well i could not forget those bitter days particularly during last Christmas if I'm not wrong,i had to pay a terribly high fee for getting my transactions confirmed as thousands of unconfirmed transactions got marched due to more miners switching to mine Bcash.That was actually a double side attack on bitcoin by switching miners to mine Bcash instead of bitcoin and at the same time vigorously pumping Bcash by roger ver and his team to show Bcash as the true bitcoin.But now thanks to segwit activation,all things have become surprisingly normal.

I remember the time of terrible fees too and at that moment I thought this will never end and probably get even worse. And for each transaction I was worried if and when it will be confirmed. That was one of the bigest issues Bitcoin had and a nightmare for users.
Fortunately this came to the end and now we have to admit that fees are quite reasonable, transactions are confirmed quickly and the number of unconfirmed transactions is realy small.

.WOLF.BET.▄███████████▄
███████    ████████████▄
███████    ███████   ▀██
██████████████████    ██
██    ██████████████████
██    ███████    ███████
█████████████    ███████
███████    █████████████
███████    ███████    ██
██████████████████   ▄██
██        ▀███████████▀
██
██

█████
  ███
  ███
  ███
  ███
  ███
  ███
  ███
  ███
  ███
  ███
█████


[/center
dewi91
Full Member
***
Offline Offline

Activity: 490
Merit: 100


View Profile
September 07, 2018, 06:38:31 PM
 #52

Based my experience bitcoin fees has improved a lot especially if we compare with bitcoin fees in the end of last year, last year bitcoin fees ever reach 30-40$ eventhough your just send 50$ in btc, may be the price also influence bitcoin fees. When bitcoin price reach highest value, bitcoin fees also increase significantly.
Cryptogid
Jr. Member
*
Offline Offline

Activity: 252
Merit: 2


View Profile
September 07, 2018, 07:18:25 PM
 #53

My first bitcoin fees experience was too bad,like high,but now bitcoin transaction fees is actually moderate and favourable now..
fosco333
Full Member
***
Offline Offline

Activity: 1036
Merit: 100


send and receive money instant,with no hidden cost


View Profile
September 08, 2018, 01:28:22 AM
 #54

I just did a transaction where I paid 1 cent in fees and it confirmed on the next block. Not only that but the next block came within half a minute of me doing my transaction.

The whole thing was almost implausibly good.

Generally, I always worry about fees but they never amounted to much in my experience of bitcoin. I don't do anything special. I use the latest stable version of bitcoin core and let it calculate the fees for me, I just use default settings.

According to bitinfocharts the average is $1, but my transaction of 160 something bytes only took 0.01 cents.

According to https://bitcoinfees.earn.com/ I should have paid 4 satoshis per byte, amounting to 0.04 cents.

Bitcoin fee is indeed quite high, but i think it is because the price of bitcoin is already high.
The other altcoins are indeed have a cheaper fee, for example Litecoin. It have very cheap transaction fee.

ranman09
Full Member
***
Offline Offline

Activity: 700
Merit: 112


View Profile
September 08, 2018, 01:40:35 AM
 #55

Hi guys. Join millions of people around the world who makes 50% monthly or 25% in 2 weeks profit by donating BTC to one another. ...

Do I look high too you?
A profit from donating money to each other? That is the weakest attempt to scam I have seen a while.

Back to the topic. I use BTC all the time. My last purchase was last night and I paid about $0.06 to spend about $150.00 The people who talk about how bitcoin costs so much are people who do not use bitcoin.

This is by far the most revealing scam I have seen in my whole life. hahaha

Bitcoin really decreased in transaction fees nowadays maybe it is also because users of bitcoin/the network decreased?
Crungcrungtin
Newbie
*
Offline Offline

Activity: 52
Merit: 0


View Profile
September 12, 2018, 09:37:43 AM
 #56

it's very low than i expected Grin Grin
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!