Is bitcoin transaction fees fair?

[Carlsen]

There are withdrawl fees from exchanges.
Those sometimes really seem to be high. But usually your transaction is processed within the next block.
And then there are transaction fees from one wallet to another. Often you can set them as low or high as you want.
But then, if you choose a lower fee, the time until it's processed in a block will be longer.
All together this sounds fair to me.

[chaser15]

Expect higher fees in terms of USD value because bitcoin price is increasing. I don't see any big differences in my last transactions in terms of bitcoin transaction fees.

The fees are playing at 40,000 satoshis to 80,000 satoshis as medium fees. But with the bitcoin price increase, it's obvious that the USD value of that 40,000 sats is way different now to what is the value today. So expect higher fees is USD value in the future but still same amount of bitcoin quantity.

[Cryptocoinsmania.com]

Transactions fees raised a lot lately and I don't think they're fair now. We need to get them back to the normal level while other cryptocurrencies have amazing fees.

[stromae]

Expect higher fees in terms of USD value because bitcoin price is increasing. I don't see any big differences in my last transactions in terms of bitcoin transaction fees.

The fees are playing at 40,000 satoshis to 80,000 satoshis as medium fees. But with the bitcoin price increase, it's obvious that the USD value of that 40,000 sats is way different now to what is the value today. So expect higher fees is USD value in the future but still same amount of bitcoin quantity.

If the fee is not rising in terms of sat value, then it's still okay. As price go up, the fee look like it's going up too due to bitcoin price rally.

[marx hu]

Expect higher fees in terms of USD value because bitcoin price is increasing. I don't see any big differences in my last transactions in terms of bitcoin transaction fees.

The fees are playing at 40,000 satoshis to 80,000 satoshis as medium fees. But with the bitcoin price increase, it's obvious that the USD value of that 40,000 sats is way different now to what is the value today. So expect higher fees is USD value in the future but still same amount of bitcoin quantity.

If the fee is not rising in terms of sat value, then it's still okay. As price go up, the fee look like it's going up too due to bitcoin price rally.

my opinion here, i feel something is not right here.. we suppose to get lower rate seen the transactions rate become higher and higher.. it is kinda weird seem like miners are earning more and more by volumes and values...

[d1ceplayer]

I will say it is fair because you have to pay for transactions to sustain the blockchain and enhance mining and actually you pay for what you want, You can literally transact without a fee and be sure to have it processed like forever

I made a high priority transaction and got charged $5+ when these charges were implemented, and I was kind of surprised, an felt this is very, very unfair. But after some time considering thefacts, I changed my mind and now I believe it’s a  fair charge. The fees are needed to maintain the Blockchain, so there is nothing wrong with it.

[kotbi]

next week when segwit activate we expect a huge drop of fees. in the next week months, we will monitor the fees closely. I think the fees will determine if the segwit2X will deployed or not.

[kotbi]

I will say it is fair because you have to pay for transactions to sustain the blockchain and enhance mining and actually you pay for what you want, You can literally transact without a fee and be sure to have it processed like forever

I made a high priority transaction and got charged $5+ when these charges were implemented, and I was kind of surprised, an felt this is very, very unfair. But after some time considering thefacts, I changed my mind and now I believe it’s a  fair charge. The fees are needed to maintain the Blockchain, so there is nothing wrong with it.

low fees can also maintain the blockchain if each block is big enough. right now it's restricted to 1MB.

[kotbi]

Transactions fees raised a lot lately and I don't think they're fair now. We need to get them back to the normal level while other cryptocurrencies have amazing fees.

Look at mempool, it's getting close to all time high. It's also an indicator of more users get into bitcoin and caused the the clog. Next week, we will see the drop.

[kotbi]

One thing I would like to talk about is that when I see low fees, I tend to send more transactions. Now when I see fees too high, I tend to wait and wait for a one bigger transaction.

[8Habits]

One thing I would like to talk about is that when I see low fees, I tend to send more transactions. Now when I see fees too high, I tend to wait and wait for a one bigger transaction.

When we do not really need the money and that we can cover our expenses with our fiat money, it would be wise not to use bitcoin with this scenario and you can getaway with he transaction fees. However, if you want to trade, then you have to decide and target gain that covers also the expenses.

[YTBitcoin]

One thing I would like to talk about is that when I see low fees, I tend to send more transactions. Now when I see fees too high, I tend to wait and wait for a one bigger transaction.

When we do not really need the money and that we can cover our expenses with our fiat money, it would be wise not to use bitcoin with this scenario and you can getaway with he transaction fees. However, if you want to trade, then you have to decide and target gain that covers also the expenses.

It is good to see the positive in all situations. Transaction fees have become the hot topic in bitcoins community recently and for small transactions, the fee is a little costly. However, it will decrease with time. Different exchanges have their own rates. But, it is best to use bitcoins for bigger transactions. Be patient and things will get better.

[farwellbit]

Bitcoin transaction fees are fair. They are actually the best you can find anywhere for the kind of transactions you make online. Take a look at paypal charges or payoneer and you won’t need an omega to prove to you that the fees are the best.

[erpbridge]

Bitcoin transaction fees are fair. They are actually the best you can find anywhere for the kind of transactions you make online. Take a look at paypal charges or payoneer and you won’t need an omega to prove to you that the fees are the best.

You must be living the life 3 years back. Bitcoin fees is not fair. You get charged 4-5$ to send money. Unless you are sending over 200$, that is more than what paypal charges. Along with that cashing that out has another fees involved.

[badungs]

i think, fee is depend on price of bitcoin. when price high, fee will increase, and vice versa. and they will be fair until this time. because they sincronize between fee and bitcoin's prise. and it balance i think

[Sithara007]

The minimum fee required for instant confirmation is around 200 to 300 Satoshi per Byte as of now. And this comes to around $2 to $4 per transaction. Even if you compare to the fee charged by Paypal and Visa, this amount is exceptionally high.

[farwellbit]

people prefer bitcoin over fiat since it has monetary value and also an investment. If you hold one dollar note you know you’re holding a dollar but If you own 1Bitcoin you can even predict the price the next second. That is why I would rather buy much bitcoin than hold more fiat.

[8Habits]

people prefer bitcoin over fiat since it has monetary value and also an investment. If you hold one dollar note you know you’re holding a dollar but If you own 1Bitcoin you can even predict the price the next second. That is why I would rather buy much bitcoin than hold more fiat.

Holding or saving fiat money is really not ideal because as time passes, its value will going to deplete due to inflation. That is why save only a portion that you can use at anytime in times of emergency but invest more of your money to make it work for you and combat inflation. With bitcoin, holding or saving it is good at the moment.

[CODE200]

Not fair but I think it is reasonable. If you want a faster transaction, you shell out additional fees and lower fees for not so fast confirmations. I think it is not automatically setup but you have to select it manually in your wallet.I hope network improves so that it is convenient t0 send and receive transaction just like before.

I'd you are looking to transaction with out fees it is actually a not a reasonable thing thing because the security of Bitcoin ensures by the fees used by the developer to develop Bitcoin in terms of price, value, transaction and security. So if you are going to used or to deal with transaction you must find that transaction fees is necessary and it is quite fair because it for development and security measures of the system of Bitcoin.

[Kp4everK]

I think that the bitcoin commission is too high, but compared to other currencies, its price increase is much larger and it justifies such a high commission. It is more profitable to use it as an investment, and not as a currency.