Is bitcoin transaction fees fair?

[mjnick01]

There are different types of transactions
you will not know whether they are fair or not
because it is usually important to withdraw money from bitcoin
You do not have to think or wonder if the right compensation is important and it is important that you only have the money you spend
good luck to all of us

[HIMU]

High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.

[batang_bitcoin]

High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.

It may result for that but most of the transactors know what to do. Everyone will just let this pass and wait for the fees to get down. The fees now are really high and though the fees are high people are still transacting with bitcoin because it's the most popular coin and it will make transactions lower because of it.

[wenas]

I do understand that the system does need the fees to remain alive, and as incentive to the miners, even knowing at this moment the fact of they collect blocks would be enought for them, but the fee is just a way to keep the transactions safe. Some coins are coming offering no fees wich may change the game, if you can keep doing all the things you do with bitcoin without have to pay a fee i believe its an improvement and something to consider over the future.

[Darmanin]

the fees are sometimes amazing, the miners have to make a bundle of money!

[javalemcgee]

High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.

It may result for that but most of the transactors know what to do. Everyone will just let this pass and wait for the fees to get down. The fees now are really high and though the fees are high people are still transacting with bitcoin because it's the most popular coin and it will make transactions lower because of it.

I'm sure fees are not fair at the moment. But fixing this and overcoming this problem is a vital duty for bitcoin core developers. Once they fix this problem, our trust will increase for bitcoin team.

[Simon pasco]

pay more than $ 30 to wait 24 hours is sometimes a bit irritating

[KingScorpio]

main reason for bitcoins success is the unpopularity with the established banker cartelss worldwide, not bitcoins technological quality and efficiency, for that there are currently many more much better cryptocurrencies.

regards

[Sithara007]

High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.

I have checked the list of transactions included in the recently mined blocks. Most of them are medium sized ones (with estimated value ranging from $100 to $1,000). These people are paying anywhere from 2.5% to 25% of the total amount as fees. Transactions with a value of less than $100 have almost disappeared from the picture.

[rube08]

The transaction fees are quite high to transfer bitcoin.  For instance, I transferred 100 dollars worth of bitcoin, it the transaction fee was around 10 dollars. I hope they scale properly to have transaciton fees lower if they want bitcoin to be used as a world wide payment system.

[batang_bitcoin]

High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.

It may result for that but most of the transactors know what to do. Everyone will just let this pass and wait for the fees to get down. The fees now are really high and though the fees are high people are still transacting with bitcoin because it's the most popular coin and it will make transactions lower because of it.

I'm sure fees are not fair at the moment. But fixing this and overcoming this problem is a vital duty for bitcoin core developers. Once they fix this problem, our trust will increase for bitcoin team.

Yes they are not fair but we can't do something about that. That's the fee that was being asked by the miners and if you don't want to pay the fee then your transaction can't move or it can be moved and confirmed but we can't guess on how long you have to wait for that confirmation. Core devs should continuous fixing it since bitcoin is also gaining a lot of investors from time to time.

[flatnose101]

High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.

It may result for that but most of the transactors know what to do. Everyone will just let this pass and wait for the fees to get down. The fees now are really high and though the fees are high people are still transacting with bitcoin because it's the most popular coin and it will make transactions lower because of it.

what was really the thing that affect about the fee of bitcoin is the price of it why they can take the lower fee if the rice of bitcoin is very high of course they can make an higher fee on it.

[nikola22]

The transaction fees are quite high to transfer bitcoin.  For instance, I transferred 100 dollars worth of bitcoin, it the transaction fee was around 10 dollars. I hope they scale properly to have transaciton fees lower if they want bitcoin to be used as a world wide payment system.

I think all waiting for Lightning Network that will allow to reduce transaction time and comissions.

[batang_bitcoin]

High fess may be a haul as a result of folks aren't attending to build little transactions with bitcoins due to fess. It will limit bitcoin to merely larger transections.

It may result for that but most of the transactors know what to do. Everyone will just let this pass and wait for the fees to get down. The fees now are really high and though the fees are high people are still transacting with bitcoin because it's the most popular coin and it will make transactions lower because of it.

what was really the thing that affect about the fee of bitcoin is the price of it why they can take the lower fee if the rice of bitcoin is very high of course they can make an higher fee on it.

No, not that really the price since there are few times that I transacted with the ATH but the fee isn't too high it goes around $0.05 - $0.6 I guess, I can't remember the exact amount. But that does matter too, when before 0.0001 BTC fee is very cheap and now if we will convert it with the current price of bitcoin that will make it not cheap anymore. Before it was like a cents to us but not anymore.

[Habakkuk77]

This thing is unfair for me also that the transaction fee is to high. Bitcoin seeks to provide a low and fast transaction, free from tax but if they are imposing a high transaction fee, how it would be?

[JC btc]

This thing is unfair for me also that the transaction fee is to high. Bitcoin seeks to provide a low and fast transaction, free from tax but if they are imposing a high transaction fee, how it would be?

For me it is fair enough, we all know that bitcoin has been the business and work of many people in different countries, just like us exchanges has been a large business as well. without them, it is hard for us to exchange our bitcoin to our local currency and if they will offer just a cheap transaction fee maybe they cannot sustain their company and might get closed.

[Pettuh4]

This thing is unfair for me also that the transaction fee is to high. Bitcoin seeks to provide a low and fast transaction, free from tax but if they are imposing a high transaction fee, how it would be?

You know the transaction fees were meant to go up if the value of Bitcoin also goes up. It's virtually the same satoshis you pay on your transactions a year or two back but because Bitcoin wasn't much valuable you didn't feel it like today and at the time we thought we were paying low transaction fees.

[moli1]

Are the transaction fees going to decrease ?
I have to send a small amount (0.0022) of Bitcoin from my bitcoin.com wallet to localbitcoin.com wallet
and the transaction fees are costing me about 43% of the amount I'm sending.
So should i wait for the transaction fee to lower (If they do) or send now

[mabell943]

Many bitcoin wallet earn revenues from the fees that they collect in every customer. I think the best way to lessen the expenses from this it withdrawing your bitcoin once not many times.
In this way you can save somehow money which you spend in paying the fee.

[shield132]

Are the transaction fees going to decrease ?
I have to send a small amount (0.0022) of Bitcoin from my bitcoin.com wallet to localbitcoin.com wallet
and the transaction fees are costing me about 43% of the amount I'm sending.
So should i wait for the transaction fee to lower (If they do) or send now

If you wait for transaction fees to lower, then there are chanses that bitcoin may fall too (but there is a chanse it will rise too, hard to determine). I think it will be better for you to send transaction with low fee and use viabtc accelerator (you have to be quick because viabtc's free acceleration service is spammed, everything must be done in 2 seconds). So I would send with 0.00011 btc fee (viabtc needs transaction with at least 0.0001btc fee to include it in accelerator).