Is bitcoin transaction fees fair?

[stompix]

In my opinion, fee tx occur as now still quite fair. Indeed, when viewed in fiat form value is quite huge. However, i feel no objection because in principle i need fast confirmation process for buy or sell transactions against fiat. Rather than low, but very slowly confirmed.

I don't completely agree with your statement. The transaction fee is ok for high transactions of big amounts but for those who wana send 1 dollar , 2 dollar or even 5 dollar , the fee is even more than the amount to be submitted itself.

The problem is that the transaction fee is calculated based on the size of the transaction and not on the basis of its value. So the fee will be higher, if there is a lot of dust included in your transaction. In such cases, you may end up paying as much as $10 for a transaction with a total value of only $20 or $25. This is one of the disadvantages of Bitcoin.

But still it is far better and cheaper than PayPal to make transactions by using bitcoins for large transactions. However, we cannot also deny the fact that at current it is not very suitable for micro payments but I hope with time things get better.

If those transactions are between countries and between normal and business accounts.
Since the last year my bank has 0 fees for both sender and receiver and the limit is currently 50 000 euros a day.
Transaction in instant.

Traditional bitcoin can't and won't be able even to compete with local transactions. Segwit might be able but not too many are using it or rather close to 0 are using it
What is left is international and huge... really huge transactions when we talk about millions.

[BarbieCasino]

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 the rise of transaction fees is just fair because bitcoin price rate also rises which means greater opportunity to gain and earn an income. It is not fair if we bitcoin users are earning big but those people who are behind the processing of our transactions which are the miners are just earning a little amount because we prefer of paying low transaction fees for the transaction process to be done as soon as possible. The rise of the price rate is pretty nice so as is with the transaction fee rate. They must both come along with the rise so that both parties between the users/consumers and the miners will be just fair and equal so no one will be left behind and just one party will be dominant over the other.

the price of the bitcoin is very high and it is increasing as the time is spending so it is fair enough today the bitcoin transaction is much low as compare to the bank fees the transaction fees of the bitcoin is 0.005 and it is very low according to me but the charges of the banks are very high and there are a lot of tax for the bank amount as compare of the bitcoin.

[8Habits]

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 the rise of transaction fees is just fair because bitcoin price rate also rises which means greater opportunity to gain and earn an income. It is not fair if we bitcoin users are earning big but those people who are behind the processing of our transactions which are the miners are just earning a little amount because we prefer of paying low transaction fees for the transaction process to be done as soon as possible. The rise of the price rate is pretty nice so as is with the transaction fee rate. They must both come along with the rise so that both parties between the users/consumers and the miners will be just fair and equal so no one will be left behind and just one party will be dominant over the other.

the price of the bitcoin is very high and it is increasing as the time is spending so it is fair enough today the bitcoin transaction is much low as compare to the bank fees the transaction fees of the bitcoin is 0.005 and it is very low according to me but the charges of the banks are very high and there are a lot of tax for the bank amount as compare of the bitcoin.

Bitcoin is just simply awesome because there is freedom of use by the coin holder with the sense of anonymity. However, we all know that there is no freedom without the law or in other words, there is really no absolute things in this world - hence, we should lived by the bitcoin transaction fees and just be wise enough to have some planned bitcoin transactions.

[Basmic]

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 the rise of transaction fees is just fair because bitcoin price rate also rises which means greater opportunity to gain and earn an income. It is not fair if we bitcoin users are earning big but those people who are behind the processing of our transactions which are the miners are just earning a little amount because we prefer of paying low transaction fees for the transaction process to be done as soon as possible. The rise of the price rate is pretty nice so as is with the transaction fee rate. They must both come along with the rise so that both parties between the users/consumers and the miners will be just fair and equal so no one will be left behind and just one party will be dominant over the other.

the price of the bitcoin is very high and it is increasing as the time is spending so it is fair enough today the bitcoin transaction is much low as compare to the bank fees the transaction fees of the bitcoin is 0.005 and it is very low according to me but the charges of the banks are very high and there are a lot of tax for the bank amount as compare of the bitcoin.

Bitcoin is just simply awesome because there is freedom of use by the coin holder with the sense of anonymity. However, we all know that there is no freedom without the law or in other words, there is really no absolute things in this world - hence, we should lived by the bitcoin transaction fees and just be wise enough to have some planned bitcoin transactions.

You at least have understood what he wrote? Where the anonymity of bitcoin does if each user to spend their coins forced to change them for Fiat? You suggest not to solve problems. You propose to accept them and adapt. It's a dead end.

[8Habits]

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 the rise of transaction fees is just fair because bitcoin price rate also rises which means greater opportunity to gain and earn an income. It is not fair if we bitcoin users are earning big but those people who are behind the processing of our transactions which are the miners are just earning a little amount because we prefer of paying low transaction fees for the transaction process to be done as soon as possible. The rise of the price rate is pretty nice so as is with the transaction fee rate. They must both come along with the rise so that both parties between the users/consumers and the miners will be just fair and equal so no one will be left behind and just one party will be dominant over the other.

the price of the bitcoin is very high and it is increasing as the time is spending so it is fair enough today the bitcoin transaction is much low as compare to the bank fees the transaction fees of the bitcoin is 0.005 and it is very low according to me but the charges of the banks are very high and there are a lot of tax for the bank amount as compare of the bitcoin.

Bitcoin is just simply awesome because there is freedom of use by the coin holder with the sense of anonymity. However, we all know that there is no freedom without the law or in other words, there is really no absolute things in this world - hence, we should lived by the bitcoin transaction fees and just be wise enough to have some planned bitcoin transactions.

You at least have understood what he wrote? Where the anonymity of bitcoin does if each user to spend their coins forced to change them for Fiat? You suggest not to solve problems. You propose to accept them and adapt. It's a dead end.

What I am trying to say is that, transaction fees are ok - we need to compensate our miners because they are the ones who served as witnesses for all of our bitcoin transactions. They are also investing serious money for their mining infrastructures and technology. We are partying at the moment with bitcoin earnings and its price rising, it is reasonable to share and pay someone who made our transactions get through in blochain..

[Bosx1ne]

For me the transaction fee of the bitcoin is not fair because the transaction is always expensive. I really pissed off to the high fees that I always paying when I transferring my bitcoin.

[Victorycoin]

the bitcoin transaction fees are not much expensive as compared to other forms of transactions. The main issue is the transaction fees are calculated on regard to the number of transaction regardless of its value and hence the fees might be high.

Yes, even we send a small amount of bitcoin then the fee is still the same but it is not a big deal because to save some bitcoin on paying fees then just transact or send bitcoin when it is a big amount of money but if the fees are more expensive than the usual money transfer system then just use the traditional way to save some bitcoin and also money.

I’m not going to say thetransaction fee is fair or unfair, but for me, I don’t think I’m  okay with it. I’m  just looking forward to November for the split and the so called lightening network. Let’s  see how it will change everything.

Are you really looking forward for a split, do you really think a split of the network would do the network more good than harm? There's need for better resolution to the scaling problem else split of the network would become a reoccurring decimal.

[Rebisco]

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.

Yeah It seems that you are right because we have the same problem, my problem is also the transaction fees in bitcoin. The transaction fees nowadays are really expensive and really high. I hope that the transaction fees become cheap.

[Avametra]

I think that the commission for transactions is fair. Bitcoin is a currency that provides an opportunity to get rich in a short time and the absence of a commission or a low commission will be unfair.

[8Habits]

I think that the commission for transactions is fair. Bitcoin is a currency that provides an opportunity to get rich in a short time and the absence of a commission or a low commission will be unfair.

That is correct. If you are already making lots of money because of bitcoin, it would sound fair if you even pay more transaction fees as a way to tip miners for their work which makes you cash out a possible.

[Chanock]

In my opinion bitcoin fees is fair. Because the fees is based on the bitcoin price. When bitcoin value is in mode o low the fees is low and when it's in high value the fees is high. Fees' in bitcoin is depend on the movement of bitcoin value.

[8Habits]

In my opinion bitcoin fees is fair. Because the fees is based on the bitcoin price. When bitcoin value is in mode o low the fees is low and when it's in high value the fees is high. Fees' in bitcoin is depend on the movement of bitcoin value.

For me, it is also fair (the bitcoin transaction fee). If transaction fee is really a big concern, I would suggest that peole will transact less and if they do, it should be a carefully planned transaction so that they can get away with fees for several transactions.

[Guzztsar]

Seems fair to me, considering that you can instantly transfer to anyone in the world.
But, for now, micro transactions, aren't practicable.

[quarkyplum]

In my opinion bitcoin fees is fair. Because the fees is based on the bitcoin price. When bitcoin value is in mode o low the fees is low and when it's in high value the fees is high. Fees' in bitcoin is depend on the movement of bitcoin value.

For me, it is also fair (the bitcoin transaction fee). If transaction fee is really a big concern, I would suggest that peole will transact less and if they do, it should be a carefully planned transaction so that they can get away with fees for several transactions.

Certainly, in present, Bitcoin do not use for case purchase daily or small order, if you want do that, you need accept spend small fees first, this is rules when the value of Bitcoin high like not.

[Conevesses1976]

Transaction payment is reasonable, simply because when the price will increase alongside with the identical the transaction charge benefit increases. Expecting a price tag boost and lower in transaction price isn't going to make sense. In my check out most users get the quickest affirmation but quite few transaction get caught to the lagging network producing it unfair

[n0ne]

Bitcoin price has started to move forward once again. This is also an reason for the increase in the bitcoin transaction fee, in this scenario people has the mentality to accept the growth and not the transaction fee. Hope the fee increases with time depending on the growth happening with time. I don't find this to be a much bigger price, in some cases small transaction makers will suffer while large volume transactors feel comfortable.

[albert11]

I think it's not fair. For those who are poor we are not able to transact because of the high fee per move to another wallet. So what can we do now? if this can not be resolved? So it's true that bitcoins are for the rich. How are the poor people hoping for bitcoins? How can I now earn the 20 $ amount of their bitcoins reduced by 5 $. Hopefully this will be resolved in november and we are free to use bitcoins.

[Freedom Force]

I think it's not fair. For those who are poor we are not able to transact because of the high fee per move to another wallet. So what can we do now? if this can not be resolved? So it's true that bitcoins are for the rich. How are the poor people hoping for bitcoins? How can I now earn the 20 $ amount of their bitcoins reduced by 5 $. Hopefully this will be resolved in november and we are free to use bitcoins.

Fees are not so high anymore, have drastically reduced since big blockers stopped spamming the network. I have seen cases of transactions being confirmed with very low fees.

I also think we have not yet seen the full segwit potential, since there are many miners who are not mining segwit blocks yet.

[setupbounds]

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 the rise of transaction fees is just fair because bitcoin price rate also rises which means greater opportunity to gain and earn an income. It is not fair if we bitcoin users are earning big but those people who are behind the processing of our transactions which are the miners are just earning a little amount because we prefer of paying low transaction fees for the transaction process to be done as soon as possible. The rise of the price rate is pretty nice so as is with the transaction fee rate. They must both come along with the rise so that both parties between the users/consumers and the miners will be just fair and equal so no one will be left behind and just one party will be dominant over the other.

Very high, surely with the rates of bitcoin. As the value of one bitcoin raises the transaction fees also increases. I suggest that the transaction fees should be very low, so the people will take more and more interest in bitcoin business and investment.

Just like western union also has high transaction fees, the people who want to send money to the other part of the world searched for other transaction methods.

[Momoamzad]

I think its fair  to take transaction fees . if there is many benifit for u to save and safe your bitcoin its their right to take some fees from you. They are worthy of it.