Is bitcoin transaction fees fair?

[Zigzagkuy]

I think fair enough because bitcoin prices have soared. Do you have any doubts? Maybe you think this is unfair to those who do not have a lot of bitcoin. Which I think so too.

[piebeyb]

you may say the cost is very expensive and unfair if bitcoin is only in your country only and is only used by the people in your country, do you think like this bitcoin does not live in society that exist in your country only, you know that bitcoin covers all countries that have currency of different value, you will understand that later

[webdevmastery]

I think it depends on the application who are transfering your coins if it is more secured. In my side, It is ok for me to pay high fees if the transaction is fast and there is no way for my coins to get hacked by any other users.

[Mr.Anonymous]

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).

It is not neccesary, even I think it is useless and you are a stingy person. Example I want to sell 1 Bitcoin at $15,000 and I just need to spend ~10-20 dollars for my transaction (it is high fee to make my transaction get confirm as soon as possible), I am ready to accept that fees because it helps me do not miss the chance to sell my Bitcoin at high price.

[bitcub]

I am not sure if this is good. But I keep doing this everytime.
 If I want to send Bitcoins to someone,  instead of sending them Bitcoin,  I buy crypto with low mining fee for like DOGE,  LTC or BCH.  Then I send it to them in the form of other altcoin.

[8Habits]

I am not sure if this is good. But I keep doing this everytime.
 If I want to send Bitcoins to someone,  instead of sending them Bitcoin,  I buy crypto with low mining fee for like DOGE,  LTC or BCH.  Then I send it to them in the form of other altcoin.

That is also a good form or technique to send friend some coins with minimal transaction fees. Just bear in mind also that they will eventually also transact bitcoin to encash to fiat money.

[NJB18]

I am not sure if this is good. But I keep doing this everytime.
 If I want to send Bitcoins to someone,  instead of sending them Bitcoin,  I buy crypto with low mining fee for like DOGE,  LTC or BCH.  Then I send it to them in the form of other altcoin.

That is also a good form or technique to send friend some coins with minimal transaction fees. Just bear in mind also that they will eventually also transact bitcoin to encash to fiat money.

Same here too. If possible I always shift to other crypto that are fast and cheap like Digibyte and Litecoin. Let us see when will Bitcoin adopts LN.

[Tolullopsy]

Bitcoin usage is no longer appealing with the huge transaction fee

[watchbay30]

I think it depends on the application who are transfering your coins if it is more secured. In my side, It is ok for me to pay high fees if the transaction is fast and there is no way for my coins to get hacked by any other users.

It would sound like a bank system they always charge more and they also delay the work as much as possible for them but with the Bitcoin the case is different at first when it was charging some part of the transaction which was at that time priced low but that same part now is more costly due to the high price also due to the heavy network size but only transactions and not the issue here if you see it clearly then you can identify that we have to do some of chain transactions like the uses transacting from blockchain to there another blockchain account should not be taken fees because they are transacting in their own network this way we can minimise the consumption of fees.

[SangkuniBird]

The factor is the poeple usually complains that the cost is quite large but in reality the cost remains the same as the long-rising bitcoin price tag, just because the price tag we've seen, and makes sense because bitcoin has become so common that miners have more operations to do and more deals to confirm, but still some purses get a lot of fees and transactions even now sluggish.

[Henry27]

I think that the commission for bitcoin is fair. because it is no longer a simple currency, but a digital one with the possibility of investing. for the big profit there should be a big commission.

[Tramle091296]

The Fee is fair. we cant avoid the higher fee cause the bitcoin becomes higher... the transaction method is depends on the people that when he want or how long he want to receive or approve his transaction. the lesser the time the higher the fee you will pay cause your transaction become priority because of the time you want to get you transaction and in the more time is the lower the fee. its in the person what he/she will pick. but your point of view is good also.

[tigan_gangmei]

I did a transaction with low fees and now it's stuck. I feel like if everyone starts sending low fees the miners will have no choice but to accept the fees. It depends on us.

[livvsyth]

In fact, the problem is relative. I know a miner who said he didn't want the price of bitcoin to be too high. This will lead to a decrease in the transaction frequency. Although the cost of the single transaction is higher, the profit of the miners is decreasing. Because the increase of calculation power is more difficult for miners to dig bitcoins.

[Paycoinzzz]

The Fee is fair. we cant avoid the higher fee cause the bitcoin becomes higher... the transaction method is depends on the people that when he want or how long he want to receive or approve his transaction. the lesser the time the higher the fee you will pay cause your transaction become priority because of the time you want to get you transaction and in the more time is the lower the fee. its in the person what he/she will pick. but your point of view is good also.

In blockchain system, all things are fair.
I do not surprise when the transaction fees increases because the value and the numbers of transactions in Bitcoin increases too.
Beside that, the transaction fees can helps Bitcoin becomes an asset for trading, saving, investing instead of use for payment.

[MkGregor]

Bitcoin transaction fees ARE fair. The other question is, what do you use BTC for, for example, if I need to send someone small value, I would rather choose a faster, cheaper currency. However, as a storage of value and transferring large amounts, BTC has no rivals

[focmere]

Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.

I think it's fair considering the value of Bitcoin. But, of course for the new poor newcomers that's a problem.

[kallen02]

At first when i convert my peso to btc during high price value of bitcoin, the charge fee is high, and that time my mind thinks it's not fair. But later on i conclude that the charge is reasonable. In other words, the higher price value is equivalent of the higher total returns to everyone who invested in it. But at the end of the day, we will be the one to make decision whether to invest even if the charge is bigger or we're going to drop before investing.

[alkiw21]

I guess that's fair enough because the bitcoin prices are so high right now. Do you feel that this is unfair? I do not know what you think about this.

[SneakyRik]

This wasn't the promised "low fee" + "fast transaction times", but we have to consider the congestion and that security is still top priority for Bitcoin.