Is bitcoin transaction fees fair?

[ayeshakakolly]

I think it is unfair,because some time transaction fee as much as high that why can not sent small amount for this charge.it should be reasonable.

[kim93]

I am new to bitcoin.I have a small problem.Imagine we have bitcoin in our wallet.But it is not enough to transfer.How can we get that?

[TTITA]

I seen the problem is not about fees fair or not. This issue coming when price of bitcoins raising fast this year. Let's back 1 - 2 years ago, when 1 BTC still equivalent some hundred. Only need some mins up to hour for transaction get confirmation, even you send with low fees.

By the high price of bitcoins now, some miners set priority to pick any transaction with highes fees. Bitcoins using block technology, and this is business for miners which many people using bitcoins for transaction. It's not a problem i think. The problem is when some people spamming network with sending mass transaction at same time with fee 0.

For now, i always send bitcoins with fee of .0001 . If the network is busy it can take up to 1-2 day, but if not just takes a few hours. If you want to make your transaction priority confirm, you can setup with more high fees. Some other virtual currency can do transactions instantly, but we agree to use bitcoins because we can control own money as bank.

[jrrigs]

Tx fees is currently at all time high but I think its still fair. Since the fee is calculated by the size of data being transmitted (sat/byte) and not a percentage of the amount sent, it gets noticeable on smaller transactions. Which is a problem due to the rise in the price of bitcoin.

[conceivedspoon2]

Sincerely, it is expedient to mention here that the transaction fee for bitcoin can sometimes be killing. It can be termed as tax too. But meanwhile, it is good that you consider it whether for trading or asset.

[Mikwik]

Its even my sigh on bitcoin transaction fees, governments using people in terms of cash saying it is for our own civilization and keeping the government officials with luxuries.
However we are even having the same pain, lot of Bitcoin wallets available and for deposits, withdrawals they are charging the transaction fees from us.
I am using a wallet what I could observe is my deposit amount is deducted after paying some transaction fees but even that I kept observing the Wallet from a week bitcoin price is increasing but my money in wallet is not increasing, this game is really a cheating.
If our bitcointalk.org owner itself is having a wallet, exchange with less transaction fees.
No matter what I will be the first person depositing my money in this loving bitcoin talk platform.
If any one even knows good wallets with less transaction fees kindly suggest me.

[cryptolerant]

Sincerely, it is expedient to mention here that the transaction fee for bitcoin can sometimes be killing. It can be termed as tax too. But meanwhile, it is good that you consider it whether for trading or asset.

I love everything about crypto currency world, philosophy of decentralization, how it brings freedom, how big is the community etc. except those enormous transaction fees. you are right, it can really sometimes be killing. I hope it will not keep on like that.

[JL421]

it is fair most of the time sometimes the fees does increase but it manageable for me.
i always send higher amount of transactions rather than sending minimum or less amount
it saves fees for me and is also cost effective

[aarons6]

it is fair most of the time sometimes the fees does increase but it manageable for me.
i always send higher amount of transactions rather than sending minimum or less amount
it saves fees for me and is also cost effective

see this is the flaw with bitcoin.. your reason the fees are OK is because you dont spend bitcoin on anything.. just hold it and only do transactions if you really need to.

go buy something online for about 50$ and tell me how great these fees are.

[Dr.Osh]

well, if you pay a little fee, then the transaction you do will feel long enough, but if it is big, it may be fast. well, so many transactions that need to be noticed, so, I think that's fair enough.

[millgates]

well, if you pay a little fee, then the transaction you do will feel long enough, but if it is big, it may be fast. well, so many transactions that need to be noticed, so, I think that's fair enough.

Yes I agree it's fair, bitcoin transaction fee is still lower than charge cost of using remittance agencies like western union paypal or anything else.  Also the transaction is faster than any remittace service, bitcoin is still give us benefits.

[pimvinken]

i do not think these transaction fees nowaday fair, i still dont dont think those exchanges can charge people like 3%-6% for 1 BTC, this a mount if multiplied will be huge, i think they should change their  fee lower than a bit to satisfy small investors all around the world.

[bitfools]

Sincerely, it is expedient to mention here that the transaction fee for bitcoin can sometimes be killing. It can be termed as tax too. But meanwhile, it is good that you consider it whether for trading or asset.

TAX TRADERS to DEATH

Let Savers become RICH.

[bitfools]

i do not think these transaction fees nowaday fair, i still dont dont think those exchanges can charge people like 3%-6% for 1 BTC, this a mount if multiplied will be huge, i think they should change their  fee lower than a bit to satisfy small investors all around the world.

Become a MINER, then U never even have to deal with an exchange.

Exchanges are gatekeepers and criminals,

Satoshi never envisioned gatekeepers, the peer2peer network was always nodes buying/selling.

The exchanges have become nothing more than casinos

[xandriel]

I think so. The fee is too high now. Because the block size is too small. I think the devs have to improve this weakness. if not, miners and investors can give up Bitcoin.

[Guzztsar]

I see these fees as a huge problem and the biggest obstacle for btc to become a daily used coin.
BTC and the blockchain are relatively new, I'll keep the optimism, and wait that new implements, like the lightning network could solve this.

[King Sastro]

I think it is very fair, currently the transaction costs around 12k satoshi (I use wallet blockchain.info), or if judged then no more than $ 1 for a single transaction, when compared to banks of course the cost of bitcoin transaction is very small and cheap.

[Pejoh Asu]

Which I feel the cost of bitcoin transactions more expensive, withdrawal costs if we use exchangers usually more than 100k satoshi or about $ 7, for me this is expensive and not fair, it's time dev. care about this in order to lower transaction costs.

[Sithara007]

I think it is very fair, currently the transaction costs around 12k satoshi (I use wallet blockchain.info), or if judged then no more than $ 1 for a single transaction, when compared to banks of course the cost of bitcoin transaction is very small and cheap.

No more than $1 per transaction? A few days back, one of my friends paid $20 for a single transaction and it got confirmed after 4 hours. Don't beat around the bush. Just admit it. The fee is too high, when compared to the other payment mediums such as Paypal, Visa and Master.

[queenhallmark]

I have faced a problem of high fees too. At transfer of $100 the commission has made $12. Same robbery!!!