How much are you willing to pay in fees for a Bitcoin transaction?

[jamyr]

I am willing to pay 0.0004 - 0.0006 for transactions not greater than 0.07btc if the amount would be higher,  0.8% would be a fair amount.
Western Union charge around 1% of the Principal amount so cheaper service would be better.

[shield132]

For me it depends on the amount of bitcoins I will transact if it is a high amount like more than 0.02 then I will not care for the amount of fees and  will prefer for 0.0004 or more as are suggestible by blockchain automatically but if it is smaller amount for recharging my mobile then I will like to use xapo without fees transaction.

You might want to know that as from 15th of February, 2017 transaction for amounts less than 0.00030942 BTC, would start to attract some fee.

These days, I have had to pay as much as 0.0005BTC as normal fee to have my transaction processed without much delay and they actually got processed in no time. However am concerned this preferential treat would do Bitcoin more harm than good as it might escalate to the highest bidders taking over the network.

Really? Transaction for less than 0.0003btc has to pay fees? I knew that it was optional. Well, I am using my bank's bitcoin wallet and fee system is very different here, it doesn't matter how much I am going to send, I always have to pay fee 0.0001 btc even if I want to send 0.0001 btc or 10btc. I know that fee isn't normal for big transactions but every transaction was sent without any problem and in some hours with that fee. Is that normal and how is it happening?

[neonshium]

I am willing to pay 0.0004 - 0.0006 for transactions not greater than 0.07btc if the amount would be higher,  0.8% would be a fair amount.
Western Union charge around 1% of the Principal amount so cheaper service would be better.

it is right. most of us started using bitcoin because of low fee and other good features. but if the fee constantly continue increasing than it will surely hurt bitcoin. miners should not be that much greedy and keep the fee fair.
I remember there was a thread comparing bitcoin with westren union and paypal. and lots of people said they like bitcoin just because of lower fee.

[X-ray]

For me it depends on the amount of bitcoins I will transact if it is a high amount like more than 0.02 then I will not care for the amount of fees and  will prefer for 0.0004 or more as are suggestible by blockchain automatically but if it is smaller amount for recharging my mobile then I will like to use xapo without fees transaction.

These days, I have had to pay as much as 0.0005BTC as normal fee to have my transaction processed without much delay and they actually got processed in no time. However am concerned this preferential treat would do Bitcoin more harm than good as it might escalate to the highest bidders taking over the network.

Because the bitcoin network isn't have an high traffic, and it back to the normal condition and probably just put 30k sathosi for your transaction and it means make your transaction in the high priority.
If the network is smoothly and every transaction will running for well without any delay.

[Decoded]

Currently the fee method is based on how many inputs or outputs are used. If you have one satoshi in each of say ten different addresses, to send this tiny amount, it will cost thousands of times more to send that the collective balances of these addresses. It's beneficial for larger transactions, and alright for the smaller ones, but not for the microtransations.

I'd say for an average transaction (1/2 inputs, 2 outputs), the fee should be around 0.0001-0.00015.

[hase0278]

The minimum fee right now is what im willing to pay in fees for a bitcoin transaction since I don't care about how long it will take for me to receive what I have sent because I know that it will arrive later unless im on rush im willing to pay 0.0002-0.0003 BTC as fee for them to process it within an hour or under 30 mins. Im not willing to pay more than the amount I have said to get my transactions confirmed faster.

[Schuyler]

To be honest for me it depends on the emergency of the transaction if I am in a position where I can postpone the transaction after such ''unconfirmed transactions' scene then I would not pay any fee at all during that period and will do the transaction when things will get back to normal. However, I would pay fee up to $5 in the case of urgency.

Of course. I am not going to pay any fees if my transaction is " unconfirmed transaction " too.  Paying fees is not depending on the situation. For me, it depends on how much money  will be sent but not so high as money transfer or bank.

But anyway, the most important is the fast services so many people still use bitcoin for their transactions.

[Sithara007]

I think that 0.1 USD will be a good amount. Anyway the miners are not getting most of their revenues from the tx fee. More than 90% of their revenues come from the block reward. So this is not going to matter much for them.

[ralle14]

I'm willing to pay up to 1 usd(that's what I voted for) I think thats enough for a miners fee. I already spent fees more than 1 usd in one transaction it's only because the size of my trans. was above 1kb.

[sportis]

It's a complicated issue but for a transaction which has size no more of 350 byte that is with 2 inputs and 1 output I would be comfortable with 1 dime for a fast confirmation; taking into account the today's price of bitcoin. But if the transaction size increases, because of more than 2 inputs then it's fair to pay more than this amount. Thereafter, with nowadays price about 35-40 satoshis/byte is a good price for a fast network confirmation.

[KennyR]

I think that 0.1 USD will be a good amount. Anyway the miners are not getting most of their revenues from the tx fee. More than 90% of their revenues come from the block reward. So this is not going to matter much for them.

Miners get the transaction fee as a part. I would like to make a transaction fee of around 0.1 - 0.5 USD as its quite a good amount for faster confirmation. Because if transaction fee is placed as 1$ or more for small transactions, it looks similar to the transaction fee of banks.

[CyberKuro]

This poll came as an idea from a news post: Almost $1 Billion Worth of Bitcoins Stuck in Transaction Backlog - link here: https://bitcointalk.org/index.php?topic=1777803.0

How much are you willing to pay on daily basis in fees for a Bitcoin transaction that is cleared within 10 minutes? (1 block)

I hid the poll results until you voted so it's not biased - I'm really curious about this one - I ruled out "free" as I don't think it's possible anymore - no matter how big the block size is. Also I don't think anyone is willing to accept fees over $10 - it will be more expensive than the bank fees, so I made it 10+ USD.

Please vote and explain below why you voted the way you voted.

Thank you.

I vote for max $0.1 USD fee in every transaction, I consider more than $0.1 will cause most people assume bitcoin fee too expensive if we want to spend bitcoin in daily basis, we can't expect more adopters or merchants to accept bitcoin payment on this situation.
The solution for unconfirmed transaction is increase block size instead of increase the fee for everyone.

[poplolnman]

I think that 0.1 USD will be a good amount. Anyway the miners are not getting most of their revenues from the tx fee. More than 90% of their revenues come from the block reward. So this is not going to matter much for them.

Miners get the transaction fee as a part. I would like to make a transaction fee of around 0.1 - 0.5 USD as its quite a good amount for faster confirmation. Because if transaction fee is placed as 1$ or more for small transactions, it looks similar to the transaction fee of banks.

don't know what's fee are good enough and best for the network , but i would expecting to keep the current fee around 0.0001 to 0.0002 without affecting to how fast or slow the transaction could be processed/confimed. i just wondering how if then the bitcoin price skyrocketed? i mean when 0.0001 bitcoin worth $100? would it be remain the same fee?

[X-ray]

This poll came as an idea from a news post: Almost $1 Billion Worth of Bitcoins Stuck in Transaction Backlog - link here: https://bitcointalk.org/index.php?topic=1777803.0

How much are you willing to pay on daily basis in fees for a Bitcoin transaction that is cleared within 10 minutes? (1 block)

I hid the poll results until you voted so it's not biased - I'm really curious about this one - I ruled out "free" as I don't think it's possible anymore - no matter how big the block size is. Also I don't think anyone is willing to accept fees over $10 - it will be more expensive than the bank fees, so I made it 10+ USD.

Please vote and explain below why you voted the way you voted.

Thank you.

I vote for max $0.1 USD fee in every transaction, I consider more than $0.1 will cause most people assume bitcoin fee too expensive if we want to spend bitcoin in daily basis, we can't expect more adopters or merchants to accept bitcoin payment on this situation.
The solution for unconfirmed transaction is increase block size instead of increase the fee for everyone.

But every time it can get deprioritizing because of the spam transaction or the high traffic of the bitcoin network. But I think the increase of the bitcoin block can't encourage all of the transaction. with an assumption every day there are few person joining with bitcoin.

[digaran]

First of all if there are no transactions then miners have nothing to process in order to mine bitcoin so up to a point they'd to keep the fees low as possible like below $0.5 because lets be honest people wont tolerate higher fees if it's going to become a norm.
I selected $0.1 because I don't like to pay more.

[bncbnc]

I am willing to pay 0.0004 - 0.0006 for transactions not greater than 0.07btc if the amount would be higher,  0.8% would be a fair amount.
Western Union charge around 1% of the Principal amount so cheaper service would be better.

i do not think that we have any choice in it. every exchange decide it by their self but i think there should be a proper rules and regulation for increase the transaction fee and every exchange should not have the right to increase the transaction fee by their own.

[Vaccinus]

I'm willing to pay up to 1 usd(that's what I voted for) I think thats enough for a miners fee. I already spent fees more than 1 usd in one transaction it's only because the size of my trans. was above 1kb.

but that is bad for micro transaction, bitcoin was meant to be a very low fee payment and look we are near the limit where become super expensive more than paypal when all the spam to the network happen, for my taste i would not pay more than 0.01 cent, and should be correlated to the amount i'm sending, if micro amount, less than $1, i want to pay 0.01, if higher up to $1 and no more than that in any possible case

[Erza]

I'm willing to pay up to 1 usd(that's what I voted for) I think thats enough for a miners fee. I already spent fees more than 1 usd in one transaction it's only because the size of my trans. was above 1kb.

but that is bad for micro transaction, bitcoin was meant to be a very low fee payment and look we are near the limit where become super expensive more than paypal when all the spam to the network happen, for my taste i would not pay more than 0.01 cent, and should be correlated to the amount i'm sending, if micro amount, less than $1, i want to pay 0.01, if higher up to $1 and no more than that in any possible case

So you dont matter how long the transaction process will be, as long as your money come into your wallet you will wait for it? Do you really think this way? May be this is what I thought, our transaction fee will go into their wallet of course, maintenance needs some fee to so how about if all of people think that they way you think? I dont think blockchain will hold that long enough. They also need some payment to increase the capacity of the transaction that it can hold

[Sled]

I am willing to pay at least 1 usd same as the price of a bottled water because i believe that range of price of bitcoin to be paid is enough to have an average speed of transaction and that just neutral, not too fast and not too slow. The one only thing that i sure to that kind of fee is you will get your bitcoin at your expected time frame.

[bravehearth0319]

This poll came as an idea from a news post: Almost $1 Billion Worth of Bitcoins Stuck in Transaction Backlog - link here: https://bitcointalk.org/index.php?topic=1777803.0

How much are you willing to pay on daily basis in fees for a Bitcoin transaction that is cleared within 10 minutes? (1 block)

I hid the poll results until you voted so it's not biased - I'm really curious about this one - I ruled out "free" as I don't think it's possible anymore - no matter how big the block size is. Also I don't think anyone is willing to accept fees over $10 - it will be more expensive than the bank fees, so I made it 10+ USD.

Please vote and explain below why you voted the way you voted.

Thank you.

These are the usual common thing circumstances happen in the blockchain now that for every transaction everyday there is a delay confirmation in the history record. That majority of the transaction was stock into traffic because of most of it is  unconfirmed and will take an hour before it confirms. So I think 10$ for each transaction wow! that is very huge fee's that I will ever know if ever that happen. And many of the bitcoin community will get react on this matter.