Is bitcoin transaction fees fair?

[rey.fudz15]

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.

but still they should stick to the promises they made before, bitcoin's transaction fees are very expensive right now and who knows in the future it will become worst as there are many people entering the blockchain.

[tortic25]

if you're investing/holding i guess it's fair  if you want to gamble daytrade or anything involving multi small transactions use alt coins.

[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.

but still they should stick to the promises they made before, bitcoin's transaction fees are very expensive right now and who knows in the future it will become worst as there are many people entering the blockchain.

That, I'd have to agree. I honestly thought they had a temporary solution via Segwit, but nothing noticeable seemed to have changed apart from the fork.

[ace4549]

I think the bitcoin wallet transaction fees are fair somehow; since they need to earn income also to support all their finances in order to provide an excellent quality of service.
We should be grateful enough somehow since we are the one who needed their service; it just a small thing when they ask charges from their services.

[chuckblocker]

It's fair yes. 0.5-2$ cost just one month ago @ 10-14k vs 30-50$ for last weeks @ 15-19k. I don't think that it's fair at all. It only shows the impotence or manipulative greed of the people who are supposed to keep the network running.

If this continues it will bring no good, to people doing less then 500$ per transactions, actual users not traders.

[blue_nexus15]

It's fair yes. 0.5-2$ cost just one month ago @ 10-14k vs 30-50$ for last weeks @ 15-19k. I don't think that it's fair at all. It only shows the impotence or manipulative greed of the people who are supposed to keep the network running.

If this continues it will bring no good, to people doing less then 500$ per transactions, actual users not traders.

I am aware that the current transaction fee of commercial sites is being raised by the high price of bitcoin. This is a reasonable price increase because when the bitcoin price will lead to many people involved in bitcoin mining and making the difficulty increase so much so need to increase the fee to pay for the miners.

[tittensor]

It's fair yes. 0.5-2$ cost just one month ago @ 10-14k vs 30-50$ for last weeks @ 15-19k. I don't think that it's fair at all. It only shows the impotence or manipulative greed of the people who are supposed to keep the network running.

If this continues it will bring no good, to people doing less then 500$ per transactions, actual users not traders.

I am aware that the current transaction fee of commercial sites is being raised by the high price of bitcoin. This is a reasonable price increase because when the bitcoin price will lead to many people involved in bitcoin mining and making the difficulty increase so much so need to increase the fee to pay for the miners.

The Bitcoin network is not only for the transaction of Bitcoin. It still support other crypto use the Bitcoin blockchain to build platform. OMNI is one of the projects made the current network of Bitcoin bottlenecks. Because USDT is also a platform use OMNI to build its system.

[moli1]

Over the past week, there’s been heightened tension around the conversation about bitcoin fees and confirmation times.
Many individuals have been complaining about unconfirmed transactions and average median transaction fees,
costing $31-52 USD on December 23.
With bitcoin being divisible by eight decimals,
many of those decimals are rendered useless as small amounts of satoshis held on wallets can never be spent unless fees subside.

[Hmei777]

I think the price is getting higher.

[dynospytan]

The way I see it, it is not fair because the price of the fee is so high and I think it is absurd. They should work it out a little bit, we all know that the price of bitcoin is high but with the fee also rising more than we expected is not fair, some of us cannot afford the high fees but we just need to find a way in order to be able to make a transaction.

[jonosutio]

all would be fair to use bitcoin as a transaction tool, because I use a bitcoin purse that has a very fast and fair-sounding transaction at a cost of a few cents but has a high cost, but for a really slow transaction is really unfair to you. by paying me not getting so much confirmation required by me.

[Hmei777]

Current BTC transaction fee kill micropayments and gave this niche business to altcoins sadly.

because the price is high, so you have to be careful if you want to sell can be a higher cost of money you get.

[erickastella]

Current BTC transaction fee kill micropayments and gave this niche business to altcoins sadly.

because the price is high, so you have to be careful if you want to sell can be a higher cost of money you get.

yeah , i feel it too.
when i send small transaction , i feel the fee is cost much.
but if i send a lot bitcoin , i think the fee is fair.
this problem affected because bitcoin price is more higher , the fees feeling expensive but still same like old when the bitcoin price not high.
like i send some bitcoin from livecoin to my local exchangers , its cost 0.001 btc fees , i think its too expensive for small amount transaction , 0.001 equivalent $14 , this cost much for small amount transaction , maybe some exchanges will have a good performance for sending low transaction fees and cost more low for transaction lower than $50-100 , and more high fees for higher transaction like $1000-5000

[Yousint0r]

yes you choose your fee no one forced you to pay.

i see many lucky send with 10 sat only and get conformed after week

[8Habits]

Current BTC transaction fee kill micropayments and gave this niche business to altcoins sadly.

because the price is high, so you have to be careful if you want to sell can be a higher cost of money you get.

yeah , i feel it too.
when i send small transaction , i feel the fee is cost much.
but if i send a lot bitcoin , i think the fee is fair.
this problem affected because bitcoin price is more higher , the fees feeling expensive but still same like old when the bitcoin price not high.
like i send some bitcoin from livecoin to my local exchangers , its cost 0.001 btc fees , i think its too expensive for small amount transaction , 0.001 equivalent $14 , this cost much for small amount transaction , maybe some exchanges will have a good performance for sending low transaction fees and cost more low for transaction lower than $50-100 , and more high fees for higher transaction like $1000-5000

To be fair, the price is just the same, however, it becomes or seems bigger because we are thinking of its corresponding value in terms of dollars. One of the ways to combat this is to have less transactions and do it by bulk.

[aarons6]

Current BTC transaction fee kill micropayments and gave this niche business to altcoins sadly.

because the price is high, so you have to be careful if you want to sell can be a higher cost of money you get.

yeah , i feel it too.
when i send small transaction , i feel the fee is cost much.
but if i send a lot bitcoin , i think the fee is fair.
this problem affected because bitcoin price is more higher , the fees feeling expensive but still same like old when the bitcoin price not high.
like i send some bitcoin from livecoin to my local exchangers , its cost 0.001 btc fees , i think its too expensive for small amount transaction , 0.001 equivalent $14 , this cost much for small amount transaction , maybe some exchanges will have a good performance for sending low transaction fees and cost more low for transaction lower than $50-100 , and more high fees for higher transaction like $1000-5000

To be fair, the price is just the same, however, it becomes or seems bigger because we are thinking of its corresponding value in terms of dollars. One of the ways to combat this is to have less transactions and do it by bulk.

actually the only way to combat this is to change the priority fee system to a fixed fee with first in first out.

[watchurstep45]

it is natural that bitcoin transaction fee will get higher because bitcoin value  has raised that we not expected.bitcoin transaction is fair in my opinion .

[riskthebiscuit]

Why wouldn't it be fair? It isn't something that is chosen randomly by miners I don't think it is based off the price of bitcoin. Since bitcoin keeps rising it only makes sense that transaction fees do to. It is unfortunate because it makes btc harder to trade especially if you send smaller amounts but I am sure with this project on the cusp of a trillion dollars next year they can easily solve this problem.

[FreelancerCoin]

It is totally unfair now. I hope bitcoin position will be replaced with another coin soon.

[authorfriendly]

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.

Great idea - and it may will be a future wave to use altcoins to avoid higher fees for Bitcoin. Someone needs to put up a frequently updating website that lists the fees for transactions on the top 20 or so altcoins and bitcoin.