small fee makes transactions faster

[Taki]

Small fees will never make transactions faster and you may have to wait even 1 or 2 days for your transaction to get confirmed and if you want faster confirmation then add higher fees and your transaction will get confirmed in around 30 minutes.

That's right, if you want faster transactions you have to pay higher fees. I don't care about how transaction fast is, to me it's ok to wait hours or a whole day. So, I prefer to pay as low fees as possible with waiting so long.

[bamboylee]

OP need to know how miners work. OP thought that if you put high fees it will also occupy large spot on the block so fewer transactions per block will be processed. At least that is what I understand from his responses,

[bravehearth0319]

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?

In my ideas about it, If you pay higher fee in your transaction there is a big chance for you to be confirm in a fastest way, but sometimes even you pay higher it is still unconfirmed for an hour. But it is really worst if you pay low fee's. you will wait for a long hours sometimes it takes 2 days before it confirm.

[Sled]

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?

I think it is fair to pay bitcoin transfer or transactions with a large fee because the miners can't sustain the network if they didn't get enough profit in supporting bitcoin network. Larger or more expensive fees will help you to make the confirmations even faster and i think we should practice being used of that.

[mastermold]

The validity of a transaction depends on several previous relevant transactions i.e
verification of previous transactions are needed in order to confirm the validity of the current transaction.Each sum of money that you have in your account is composed of several transactions through which you recieved those money.Larger sum means more number of transactions involved that means more number of transactions need to be verified.

[iram3130]

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?

I think it is fair to pay bitcoin transfer or transactions with a large fee because the miners can't sustain the network if they didn't get enough profit in supporting bitcoin network. Larger or more expensive fees will help you to make the confirmations even faster and i think we should practice being used of that.

It's not about the money we pay to confirm the transactions, it's about the popularity and value of Bitcoin. People came to Bitcoin universe because it has faster transactions, very low fees and anonymity.
Everyone know here that fees are very much essential in keeping the whole system stable but paying higher fees for faster transactions is like bribing someone, we need to find a solution for that.

[Amph]

some times some miners could validate your transaction even with lower fee, just to round up his earning from transaction, if he had a few that day but that is luck

normally the higher you put the fee the higher the chance to confirm, and this is the reason why the fee is so high, the users are deciding the size of the transaction not the miners

[HatakeKakashi]

If the fees is low for sure your transaction is slow . Because I think it depends on the fees the confirmation. If you set high fees for sure the transaction will be confimed in less than one hour. It depends also I think in high priority or low priority in you transaction.

[Sadlife]

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?

Couldn't understand your sentence at first but i eventually get it.

Because with large fee your transaction will get confirmed faster. We relay transactions to the miners and this miners broadcast nodes to other miners for your blocks to get process.

[Cangkeman Wae]

Small fees will never make transactions faster and you may have to wait even 1 or 2 days for your transaction to get confirmed and if you want faster confirmation then add higher fees and your transaction will get confirmed in around 30 minutes.

That's right, if you want faster transactions you have to pay higher fees. I don't care about how transaction fast is, to me it's ok to wait hours or a whole day. So, I prefer to pay as low fees as possible with waiting so long.

I was never convinced that a transaction with a small fee can make transactions more quickly, but with bitcoin it can happen because it is made for cheap and quick transactions.

[KennyR]

Small transaction all the time won't help with faster transaction confirmation. At times lucky people get it depending upon the miner involved with the particular transaction. Small transaction fee gives faster confirmation when the transaction amount too is found low in value.

[crairezx20]

Small transaction all the time won't help with faster transaction confirmation. At times lucky people get it depending upon the miner involved with the particular transaction. Small transaction fee gives faster confirmation when the transaction amount too is found low in value.

If the miners fee is low than the minimum it could be slow transaction.. we need to relay in transaction size if you pay a small fee if the transaction size is high the speed of the transaction can be affect it could be slow.. so always check good size of the transaction and pay for an enough fee it can be the transaction going to normal or fast.
You can relay in this chart
https://bitcoinfees.21.co/
But there is no way to know what will be the transaction size if you sent it first..
Just use electrum instead for estimator and use the dynamic fees so that you know what speed you want to mine.

[Vivace92]

The existence of the bitcoin really makes me amazed, transactions for a small fee but it is faster than the banks, maybe up to 100 times. Can't argue with the facts of the bitcoin transaction is faster.

[olubams]

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?

It seems op haven't made some transfers in recent time because if you do you know without high fees your transaction will take forever however its not neccesarily means the higher the tx fee the faster because sometimes using blockchain, I have witnessed the site recommending me use a lower fee that using a higher fee will not necessarily means its going any faster than using the recommended fee. So I just revert to what is being given to me to use to achieve the transaction in the least possible time...

[Rajchandu]

I think it is fair to pay bitcoin transfer or transactions with a large fee because the miners can't sustain the network if they didn't get enough profit in supporting bitcoin network. Larger or more expensive fees will help you to make the confirmations even faster and i think we should practice being used of that.

[rajasumi3]

well its because of the increased traffic and  the problem to be resolved very soon.i think the transaction fees should be kept in control otherwise it is going to be the decline of bitcoins,.

[e-coinomist]

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?

In my ideas about it, If you pay higher fee in your transaction there is a big chance for you to be confirm in a fastest way, but sometimes even you pay higher it is still unconfirmed for an hour. But it is really worst if you pay low fee's. you will wait for a long hours sometimes it takes 2 days before it confirm.

Always using the lowest possible but greater zero fees. If it times out, resent. For a quick transfer of value there's always LTC at the ready.
That's absolutely no selling point "but btc transactions are expensive, or slow" in advertisement.

We always questioned ourselfes what copied derivatives of btc's source code could do better. Always in front of breaking the social contract of limited coin supply, just take a look at LTC it's several times more supply available than BTC. But I think that does no more hinder adoption even if LTC could only reach 250$ at ATH, could still carry the same market cap.

[mmo_online_1981]

I think lower fee for send BTC, You can not sent BTC in one day at the monent!

[FasTroy]

Now i don't even care for fees. The reason i use coinbase as my wallet and they never took fees in past and normally when i sent bitcoins it was sent within 40 minutes. Now they introduced 0.5$ fees and they told it is being charged for faster transactions. And now just to get 1 confirmation it takes an hour even after paying the fees. Conclusion the more fees you pay it takes more time.

I don't have any problem with bitcoin transactions fees, because i used xapo wallet which it pay the fees for you. By the way transactions from xapo to xapo is instantly. and transactions from xapo to outside it take some times, I think around 1h30-4h, 5 hours in worst case. Maybe you are right about the more fees you pay, transactions takes more time to be confirmed.

[Pattart]

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?

because by using a large fee then your transaction will be prioritized to receive confirmation of first? small fee will take a long time to be confirmed now