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

[Pelekus]

0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.

[batang_bitcoin]

0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.

Even it will go up to $0.5 still that's not going to bother me and that amount isn't that big amount at all to think about that my transaction will be confirmed for the next block. Also I will keep on following the suggested amount of blockchain.info to make sure that my transaction will be good and won't be failing.

[RedX]

Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.

[royalfestus]

For me it depends on the amount I will be processing if I will send 1 btc Im willing to pay $1-5 for faster confirmations, $6-10 seems to high for me its not justifiable anymore, if the amount is small like $1-5, 0.01 usd is ok.

Well said, it should depend on the amount of funds you are moving. for someone moving $5, $0.1 is high in my own views, the irony of this whole issue is that, the wasn't the case when the price was around $600, we now have BTC penetrating into some new markets especially south America and Africa. I just think the whole transaction fee issue is more political than the main scaling debate issue

Well I believe that is wrong the way we most of us are thinking when we speak about payment with bitcoin. We have stop think in dollars or euro or anything else like as any fiat money. This is not fair. We have try to think only with transaction size and if we need, really all times do we need the next block confirmation?, fast confirmation time. As you see in my signature yesterday I payed and the campaign manager payed about 5.31sat/byte and first confirmation was in less than 24 hours.

Now we know better that irrespective of the transaction fee, the value of the bitcoin still matters. I struggle to believe a percentage of the transfer amount wont be appealing to miners compared to the fixed cost. Now none of those is being considered if segwit is considered. I just hope all settles soon and business continue as usual

[gabmen]

Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.

Well for me even if it goes to around 0.5$ it would still be reasonable and a lot cheaper than other transactional fees. That's the good thing with btc and i think it's one of the things that will make btc one of the major transaction forms in the future

[Potato Chips]

Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.

Well for me even if it goes to around 0.5$ it would still be reasonable and a lot cheaper than other transactional fees. That's the good thing with btc and i think it's one of the things that will make btc one of the major transaction forms in the future

Yeah as long as I pay in cents that would be fine but we all know that it should depends on the amount of transaction or the size rather. Lets just hope that it will stay low in the future because many people will be dissappointed if the miner fees are just equal on fees the real world.

Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.

We don't know that yet because there is a excessive competition between the miners, Electricity rates are different, Mining rigs are different, number of active hours are different. The best thing is to pay based on the size of your transaction.

[bryant.coleman]

Let's reach a compromise at $0.01 per transaction. 50% of this amount should go to the miners, and the rest should go to the Bitcoin foundation. I think that this is the amount which is most acceptable for both the miners and the traders. Let's have a uniform fee instead of the variable fee depending on the transaction size. This will encourage more and more people to use Bitcoins, and the revenue for the miners will also rise proportionally.

[Xester]

Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.

I hope that 0.01$ will come true but right now it is not going to happen since the problems on bitcoin is still there. If probably BTC and BTU can be harmonized and will solved the blocksize problem on mining then 0.01$ is possible to meet. What we can do for today is just wait for the update between BTC and BTU and how it will affect the bitcoins value and if it can solve the current problems on bitcoin right now.

[el kaka22]

Nothing more than 0.01 BTC; people should stop the monetization of Bitcoin transactions because the enticing factor that drew some of us into Bitcoin is the low transaction fees but it seems the trend is Changing and its worrying.

Yeah, not more than 0.01BTC because if that happen, it will become worst than a bank.  But I think it won't gonna happen perhaps. But I'm okay for 0.001BTC per transaction I think that would not much hurt so badly.

Worst than bank? I do not think that bank offer that huge, in my country it will be around 0.005 or lower so I think it will not possible that the transaction fee will cost that high. For me the transaction will be around 0.01-0.1% from your withdraw amount. This must be fair enough for everyone

Paying extra fees for the transaction is optional it is not like they force you pay them in order to receive your transaction, fees are processed and received by miners, senders decide to pay predefined fee rate to make their transaction be on top of the list and be received faster otherwise it is set to default which will make your transaction slower and that is actually what miners want they want you to pay more fees so they make more money.

[Sosaso75]

0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.

I totally agree with you mate...

[Monnt]

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

[s ize=14pt]How much are you willing to pay on daily basis in fees for a Bitcoin transaction that is cleared within 10 minutes? (1 block)[/size]

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.

Basically for me it depends on the amount that I transact each time. If I am transacting around 0.01 bitcoins average then I would be happy to pay like 0.00025 btc which means 2-3% fees is what I would never mind paying for that.

For bigger transactions though that ranges from 1-2 bitcoins I won't be paying 2-3% also since it accounts 0.01-0.02 and hence I would be fine to pay like 0.005 btc for that big of a transaction. Really fees is becoming a issue.

[Sundark]

The whole concept of this thread when op is using poll based on 1st world country pricing is ridiculous.
You should instead used pricing according to vast majority of poor people!
As stated by the data from worldbank.org, in 2013, 767 million people lived on less than $1.90 a day
Do you think they would be able to afford paying more than $1 cent for bitcoin transaction?

[Gotottack]

The whole concept of this thread when op is using poll based on 1st world country pricing is ridiculous.
You should instead used pricing according to vast majority of poor people!
As stated by the data from worldbank.org, in 2013, 767 million people lived on less than $1.90 a day
Do you think they would be able to afford paying more than $1 cent for bitcoin transaction?

Well that is how it is, usually online things are based off the pricing and values first world countries dictate. Though, for better scaling for everybody, I think a better way to view this thread is just give a percentage kind of value. If it was in percentage I would accept a fee of no more than 1% of the transactions.

[naidray]

0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.

See $ 0.01 is quite a tiny amount to get your transaction confirmed. I would be willing to pay a fixed small percentage of bitcoins each transaction, like maybe 1% ( most companies like skrill, etc also apply that much fees ) but that been said people who transact really big like 10-20 bitcoins would be concerned with this. Mainly people use bitcoins because it has no fees and now fee is such a problem that we are discussing this.

[royalfestus]

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

[s ize=14pt]How much are you willing to pay on daily basis in fees for a Bitcoin transaction that is cleared within 10 minutes? (1 block)[/size]

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.

Basically for me it depends on the amount that I transact each time. If I am transacting around 0.01 bitcoins average then I would be happy to pay like 0.00025 btc which means 2-3% fees is what I would never mind paying for that.

For bigger transactions though that ranges from 1-2 bitcoins I won't be paying 2-3% also since it accounts 0.01-0.02 and hence I would be fine to pay like 0.005 btc for that big of a transaction. Really fees is becoming a issue.

Tranfers fee should be in less than 0.1%, and the percentage transfer will be more profitable than fixed amount. Most times the 0.1% can be over looked and more transaction can be done, also for those who use them in ATM card, there wont be drudgery in use

[Ayers]

Let's reach a compromise at $0.01 per transaction. 50% of this amount should go to the miners, and the rest should go to the Bitcoin foundation. I think that this is the amount which is most acceptable for both the miners and the traders. Let's have a uniform fee instead of the variable fee depending on the transaction size. This will encourage more and more people to use Bitcoins, and the revenue for the miners will also rise proportionally.

i like this idea but it's better if the 50% instead of fundation, will go to nodes that are supporting more bitcoin without a reward, i think that node should have been rewarded, they are good at dealing with sybil attack

0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.

See $ 0.01 is quite a tiny amount to get your transaction confirmed. I would be willing to pay a fixed small percentage of bitcoins each transaction, like maybe 1% ( most companies like skrill, etc also apply that much fees ) but that been said people who transact really big like 10-20 bitcoins would be concerned with this. Mainly people use bitcoins because it has no fees and now fee is such a problem that we are discussing this.

1% is a fixed amount, because if i send a big transaction i'll pay more, a fixed amount is the same no matter what transaction i send, i think 0.01 cent or 0.1 at best is the best compromise, or in bitcoin 10k satoshi like it used to be is the best compromise

[wuvdoll]

Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.

I hope that 0.01$ will come true but right now it is not going to happen since the problems on bitcoin is still there. If probably BTC and BTU can be harmonized and will solved the blocksize problem on mining then 0.01$ is possible to meet. What we can do for today is just wait for the update between BTC and BTU and how it will affect the bitcoins value and if it can solve the current problems on bitcoin right now.

Actually high bitcoins fees would mean that useless or unwanted transactions would be minimized and that actually will help diminish cause of block size issue.  I guess there are too many unwanted transactions going on and guys if you really want to send many transactions at the same time please learn how to send multiple transactions at the same time in a single tx that really helps.

[LittleBitFunny]

Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.

Well for me even if it goes to around 0.5$ it would still be reasonable and a lot cheaper than other transactional fees. That's the good thing with btc and i think it's one of the things that will make btc one of the major transaction forms in the future

In most situations, that fee would be much higher than any other normal transaction fees.  Visa I believe charges 0.2% of the transaction plus 1 pence (UK, about 1.2 cents).  It's great if Bitcoin is used as a store of value and is used for investments - spending 1 Bitcoin or more the transaction fee would be very low.  But for any normal transactions that make up our everyday lives, the transaction fee is far too high.  The problem is how the Bitcoin fee is based on the number of bytes rather than being measured as a percentage of the transaction, meaning that small transactions are difficult.

[TicTacTic]

Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.

Well for me even if it goes to around 0.5$ it would still be reasonable and a lot cheaper than other transactional fees. That's the good thing with btc and i think it's one of the things that will make btc one of the major transaction forms in the future

In most situations, that fee would be much higher than any other normal transaction fees.  Visa I believe charges 0.2% of the transaction plus 1 pence (UK, about 1.2 cents).  It's great if Bitcoin is used as a store of value and is used for investments - spending 1 Bitcoin or more the transaction fee would be very low.  But for any normal transactions that make up our everyday lives, the transaction fee is far too high.  The problem is how the Bitcoin fee is based on the number of bytes rather than being measured as a percentage of the transaction, meaning that small transactions are difficult.

To be honest, I have a big problem with these things. Once with in general paid more than translated, now I do not do financial translations bitcoin until I find out all the information necessary for this.

[Barbut]

0.01 USD fee would be normal in my opinion. Lower fees are for everyone, and I would leave option +10$ fees for people who wish to make very high amount of bitcoins very fast, but generally for us normal and ordinary people lower fee is important.

Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.

This is how I see this, its better to have 10 or more transactions with 0,01 $ fee, then just one with 1 $ fee. There is no need to be greedy but this world is working on that apparently, looks like its in our veins. And even thou I wish lower fees, I think high fees will win in the end.