Is bitcoin transaction fees fair?

[pugi2]

remember that are not the miners that make the fee, they could accept even the lowest fee if everyone was using the lowest one and reducing the average, it's up to the peple that decide what fee to use

if for example everyone start now to lower his fee the average would be like the old 10k satoshi per transaction, but instead everyone is rushing to have his/her transaction prioritized and this is increasing the average, miners have no fault here

We all talk about high fee, but i dont know who make low or high transaction fee?  I think the fee is made by every platform.
But maybe i am wrong.

[duocnguyen]

Every bitcoin transaction is fair and transparent.
Policies and regulations, privacy are strictly respected,so we can rest assured to use

[Gabrieelle]

I guess we all have our point of view with the fees being charged to us. The way I see it since the price of bitcoin is so high and there are a lot of users added day by day, it is reasonable that the fees went up but to think about it, the fees are doubled and it is really too much right now. I have read that there is something happening right now, we just have to wait for it to go down a bit.

[ringgo96]

In current network circumstances the fees aren't fair, that's for sure, but there is no other thing to do than dealing with the situation.

not just bitcoins that can be so, we better look around us a lot of people who are not fair in transactions.tip state certainly there is. so do not be surprised if such a thing can happen.

[aarons6]

i said this before and i will say it once again, rly the only treatment for this is to code in the leimary a FIFO type scenario for tx's.. this WHOLE charge factor is really a failing.. it'll never act as Inchmeant" as somebody will invariably set their fee greater and better and better.rap

this and only this..

if they want to they could implement a 50/50 fifo/fee system.. this way you can pay the min fee of .0001 or whatever they put in and wait for a guaranteed amount of time, or you can pay more for a faster confirmation.

the way it is now, there is no guarantee your fee will be enough.. even if it's enough right now, in a few hours it might not be. this is the part that isnt fair.. its that when you send bitcoin you have to GUESS to how much the fee should be... if for whatever reason someone else decides it should be higher, then your fee wont be enough.

also right now as it is.. to get in a the next few blocks you need to send a fee of .007 / Kb.. which is around 50$. this is insane and makes bitcoin useless..

[zenrol28]

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.

The price of bitcoin is irrelevant. If you want high priority, you have to pay for it. Fair enough. Since bitcoin has now nany users and it will have more in years to come. And also by the time all bitcoins are mined block rewards will be replaced by transaction fees so get use to it.

[KingOfWinterfell01]

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, it's only fair that it costs high as long as it is constant for all transactions, whether big or small. The downside of this is for the ones whose transactions are small that the transaction fees are actually greater than the fee itself. It's fair because they have it secured made sure no one can ever intercept your bitcoins along the way.

[Thecryptocurrency09]

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 every transaction there is really a fee. Even if it doesn't involve bitcoin. I guess we don't really have to go against it. Transaction fees are the way this transaction companies or banks could gain.

[Sithara007]

Just paid BTC0.001 to Livecoin, for withdrawing BTC0.015 to my Localbitcoins wallet. And the biggest joke is that Localbitcoins took another BTC0.0007 as deposit fees. In the end, instead of BTC0.015, I got BTC0.0133 (total fee of 11.3%). I am just fed up with this high transaction fee. I just wrote an email to Localbitcoins support, asking them to enable altcoins such as Bitcoin Cash and Ethereum.

[aarons6]

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.

The price of bitcoin is irrelevant. If you want high priority, you have to pay for it. Fair enough. Since bitcoin has now nany users and it will have more in years to come. And also by the time all bitcoins are mined block rewards will be replaced by transaction fees so get use to it.

you are talking about something that won't  happen for over 100 years.. and you can be assured by then a .007 per KB fee to transfer bitcoin will still be considered too much..

[DoublerHunter]

Just paid BTC0.001 to Livecoin, for withdrawing BTC0.015 to my Localbitcoins wallet. And the biggest joke is that Localbitcoins took another BTC0.0007 as deposit fees. In the end, instead of BTC0.015, I got BTC0.0133 (total fee of 11.3%). I am just fed up with this high transaction fee. I just wrote an email to Localbitcoins support, asking them to enable altcoins such as Bitcoin Cash and Ethereum.

That is the consequence of having bitcoin as a mainstream cryptocurrency because the other sites or places in the internet are taking advantage to earn a lot of money by fees because they are now putting a lot of increase percentage in fees of bitcoin. I hope that in the future, bitcoin will have a lowered fees and great network again.

[emanbea1234]

 In most cases the transaction speed is near instant, while confirmations heavily depend on the hight of the fee in relation to the satoshi to byte ratio.

[acmagbanua21]

 I don't think is a good option to use for smaller transactions. Bitcoins are only good for investment purpose or if you want to deal a bigger amount.

[peteycamey]

used to be fair. but now too high.

[gulshan1]

Bitcoin transaction fees is not fair because it is increasing every years and people are bound to pay this extra expense. I think this fee rate will increase in coming few years due to less quantity of bitcoin mining and huge user of bitcoin is also reason of increasing the high charge of transaction fees. but there is no control to stop the increasing fee rate.

[MFY151]

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 agree it almost totally goes with every kinds of services not just via bitcoin transactions. The higher the quality of the service the higher goes the fee also though there are some that offers smaller fee which are somewhat reliable too but I suggest you stick to higher transactions fees if you have coins to spare.

[longpro098]

This is not fair at all because bitcoin is so expensive that the transaction fee is too expensive. I hope the fee will decrease in the coming time

[siddu1]

Sometimes it is little bit higher.But actually it depends on the amount anyone transferring.But bitcoin as well as it's technology growing very rapidly and also new miners are joining; those will help to reduce the transaction fees and reduce time also.

[bitbunnny]

I think the question is not whether they are fair or not but how much is enough for service called Bitcoin transactions to be executed and that everyone in this chain gets its part. It's true that fees are much higher than before but things have changed and Bitcoin is not that cheap, in terms of service, as it used to be. I'm afraid we don't have other choice than to accept this.

[dunfida]

Just paid BTC0.001 to Livecoin, for withdrawing BTC0.015 to my Localbitcoins wallet. And the biggest joke is that Localbitcoins took another BTC0.0007 as deposit fees. In the end, instead of BTC0.015, I got BTC0.0133 (total fee of 11.3%). I am just fed up with this high transaction fee. I just wrote an email to Localbitcoins support, asking them to enable altcoins such as Bitcoin Cash and Ethereum.

That is the consequence of having bitcoin as a mainstream cryptocurrency because the other sites or places in the internet are taking advantage to earn a lot of money by fees because they are now putting a lot of increase percentage in fees of bitcoin. I hope that in the future, bitcoin will have a lowered fees and great network again.

This is one of the reasons too when bitcoin increases its demand those services or sites do really make an advantage to its users some of them do put up unjustifiable network fees but well if you do try to compare it on electrum or using pc wallets they do only differ on small amounts though but yet I do really consider it as high fees and if you are doing micro transactions then possibilities that your fee would really be more than on the amount you do transact.