Is bitcoin transaction fees fair?

[dificanovi]

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.

for me such a thing is normal, because according to what we get. if we can bitcoin a lot, then the transaction cost is also expensive. do not complain about the cost because bitcoin has helped us a lot.

[1714969104]

1714969104

[1714969104]

1714969104

[Sithara007]

Definitely not. It is not fair. Every time when I move my coins from exchange wallet to my personal wallet, I am paying transaction fee of around BTC0.0010 to BTC0.0015. Imagine paying $5 to $8 just for moving money from one of your bank accounts to another. My bank doesn't charge for such transactions. And here, I have to pay a premium for using BTC.

[Rj Manik]

Bitcoin transaction fees can not be fair.Bitcoin takes the fee in the $ 500 transaction, taking the fee in $ 100 transactions.It can never be fair.I'll always make big transactions it's not possible.The advantage may be the difficulty.Small transactions may be required if needed.So you always take the same fee all the time, it can never be fair.

[JeffBrad12]

Bitcoin transaction fees can not be fair.Bitcoin takes the fee in the $ 500 transaction, taking the fee in $ 100 transactions.It can never be fair.I'll always make big transactions it's not possible.The advantage may be the difficulty.Small transactions may be required if needed.So you always take the same fee all the time, it can never be fair.

The fee depends on the size of your transaction, not fixed, that's why, to keep your fee as minimum as possible, try to keep the input and output in your transaction as fewer as possible. But, frankly, the fee is rather unpractical for daily usage. Small transaction burdens the same fee as a transaction with higher amount of money, back then, people call transacting with bitcoin is cheap and fast, but now, meh, not anymore.

[mabell943]

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.

In my opinion i would rather love it to be free from transaction fee haha! but in some ways it must be,to impose transaction fees inorder for the miners and the team to continue the blockchain process

[pendekar cinta]

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 incident is very reasonable because to get income from marketing there must be a rise and fall in price whether a developer can get money at any time if not from the above. We better obey just this decision and live what it is To complement each other.

[julslet84]

i think that bitcoin transaction fees quite normal and fair.
if you use this transaction service for your benefit, you should pay that fees. it is not such a big matter as per your gains from bitcoin.

[The Cryptologist]

It's not fair to me. What I do is I just make less transactions so I wouldn't waste a lot of bitcoins for the stupid fees.

[kangjiasg]

It's not fair to me. What I do is I just make less transactions so I wouldn't waste a lot of bitcoins for the stupid fees.

But making less transaction in big amount and doing many transactions with small amount isn't it about the same? It is calculated base on percentage right?

[saenko]

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.

[katrimans]

I consider the commission bitcoin fair, as it is already considered an investment, and not a simple currency through which you can make only payments. If someone wants a small commission, then he can use ordinary currency.

Yes I agree with you that bitcoin is not only a digital currency but it is also an online coin business, and when you invest your money in such a business which gives you a handsome amount of profit then there will be transaction fee.

I think transaction fee is the right of the company who provide you such a secure and trustful service. I have no allegations about the transaction fee.

[alfs75]

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 thinks that the commision of bitcoin in paying of trading is fair and reasonable ,because everything wants to earn,everybody needs to earn to continue the service of each and everyone in blackchain market.the digital currency like us want to earn then while the coin business needs to earn also,to continue the stock exchange everybody must sacrifice to pay the service according to the rules and regulation of each and everyone.

[DoublerHunter]

I consider the commission bitcoin fair, as it is already considered an investment, and not a simple currency through which you can make only payments. If someone wants a small commission, then he can use ordinary currency.

Yes I agree with you that bitcoin is not only a digital currency but it is also an online coin business, and when you invest your money in such a business which gives you a handsome amount of profit then there will be transaction fee.

I think transaction fee is the right of the company who provide you such a secure and trustful service. I have no allegations about the transaction fee.

Transaction fees are here because that is how the miners make profit from confirming and securing your transaction and also in the other places like sites, it serves as a commission for them for their profit alone to have a good income from their site and to improve the things that they need to improve because they have the fund to do that. So i think the fees are for profit and also improvement so we need to participate and pay those fees properly.

[yojodojo21]

In my Country, Philippines We use Coins.ph for Wallet of bitcoins.
And, Everytime I Cash out my converted bitcoin into Fiat, It has the Same Price of fees in Remittances or through Cash Out Via Online bank. So For me it's Really Fair.

[marcuslong]

For me something no and something yes bitcoin transaction fee is kinda hurting me everytime you will send few bitcoins some fees are into 0.001 and its really hurt sometimes i just save it and one time withdrawal for to saved fees too.

[Manchumichael]

In my Country, Philippines We use Coins.ph for Wallet of bitcoins.
And, Everytime I Cash out my converted bitcoin into Fiat, It has the Same Price of fees in Remittances or through Cash Out Via Online bank. So For me it's Really Fair.

I am also from Asia and for me also the transaction fee is good enough for decent amount transaction. but for small amount bitcoins, it looks high.

[albert11]

Right now I'm really stuck with the transaction fee. Because I'm a poor person and $ 1 to 5 $ is a great thing I'll exchange it with our country's money. So the transaction fee for me is not fair but because we can not do it. So let it go, I hope it will be resolved and stop. so that we can freely use bitcoins. Because really much money is missing from me everyday when I go to another wallet

[lady Royal]

For me something no and something yes bitcoin transaction fee is kinda hurting me everytime you will send few bitcoins some fees are into 0.001 and its really hurt sometimes i just save it and one time withdrawal for to saved fees too.

Really? Everything is fixed now the fee is back to normal, You can send your transaction with the lowest fee, I have sent many transactions with as low as 0.0001. The day the OP created the thread the fee the miners asking was really high but now it is back to normal you don't have to send your transaction with 0.001 fee. You don't have to worry about your transaction now you can send with small fee too

Right now I'm really stuck with the transaction fee. Because I'm a poor person and $ 1 to 5 $ is a great thing I'll exchange it with our country's money. So the transaction fee for me is not fair but because we can not do it. So let it go, I hope it will be resolved and stop. so that we can freely use bitcoins. Because really much money is missing from me everyday when I go to another wallet

You can send with low fees using 0.50$ as fee, I guess that is the right fee to give to miners? But with low fee it can take some time about 6 blocks to get confirmed but it will get confirmed. Just if you are saving some money.

[nazzzzz]

I use Blockchain.info and think Fee is good not high and not low but i can send 50$ to any one in the world with 0.5$ only so it is very cheap and when  high price also high

[gilad215]

Right now I'm really stuck with the transaction fee. Because I'm a poor person and $ 1 to 5 $ is a great thing I'll exchange it with our country's money. So the transaction fee for me is not fair but because we can not do it. So let it go, I hope it will be resolved and stop. so that we can freely use bitcoins. Because really much money is missing from me everyday when I go to another wallet

C'Mon, man! You are senior member, you must be aware of the latest trend in fees. There is no need to send transaction fees of $1-$5 for a transaction to happen. The fastest and cheapest transaction fee is currently 140 satoshis/byte. For the median transaction size of 226 bytes, this results in a fee of 31,640 satoshis. That accounts for $1.5. That is fastest transaction fees. Your transaction can very well happen with the fees <$1. It won't even take much time. For blockchain to keep running securely, this much incentive is indeed required for the miners.