Is bitcoin transaction fees fair?

[MWesterweele]

The thing that I know is bitcoin transactions now is not advisable. Even Steam stopped supporting bitcoin as a payment because transaction fees are higher than the product itself.

No its to much high even its value of bitcoin is higher its not fair to us when we doing transaction because the fees in every transaction is higher than the things we buy. So that only few people are do transaction at this moment.

[Ethernel]

The fees are not really that big, it is just that we are not used to having higher fees than it was before. The fees were dust and now it is a little higher. I dont say it is fair though, I liked the times I paid a few cents for a smaller transaction and now I have to pay half of the amount transfered at a normal amount and wait more than a day for the confirmation of the transaction.

[deepakg2m]

According to me BITCOIN fee should not depend on the BITCOIN price .In fact it should be according to the transaction we are making.Then we will have a fixed transaction fee for a particular amount which would be much better for some of us including me

[passwordnow]

Gone are the times when I used to pay around $0.10 for my Bitcoin transactions.

I miss those days that transaction fees are very cheap but as bitcoin grows the conversion of the low transaction fee is looking high base on our conversion to the current USD value. I did checked the transaction on blockchain.info a while ago and the fee isn't too high, it was around 0.0002 BTC so that was really low unlike before it was more than 0.001BTC. And before when the price of bitcoin is low, 0.0002 BTC is really cheap.

yes, that is not way too much of a transaction fee and it is just fair for making all of our bitcoin transactions possible. Miners are also investing a fortune for their bitcoin mining infrastructure in order to serve and make our transactions get through.

They invested on their mining rig and they are the ones who are confirming our transactions so they have the advantage of requesting or increasing the fees. But for now there are many miners that are back to bitcoin again so that affected the price and it is starting to decrease again. The fees are fair again and if you'll check out https://bitcoinfees.earn.com/ it only requires 450 sats per byte.

[Anti-Cen]

Transaction fees is just an extortion plan in BTC and the developers could fix it in
a day but they are getting too rich ripping us off.

Yeah sure LN will fix things in like six months time so the last one to leave please
remember to turn the lights off because I am not hanging around that long when
Segwit fees will be $0.01 

[cjinny]

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 it's unfair with the cost of bitcoin transactions today which is expensive, because not everyone has the same amount of bitcoins. So like me who has bitcoin in small quantities will think twice if will do the transaction. Problems like this also hinder the adoption of bitcoin to be used as alternative payment to buy goods or services in a store or other field.

[Andika23]

it seems unfair if we redeem bitcoin into paper money when a small fee takes a few days to be confirmed then type a large fee very quickly to be confirmed in my opinion unfair

[Paycoinzzz]

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 it's unfair with the cost of bitcoin transactions today which is expensive, because not everyone has the same amount of bitcoins. So like me who has bitcoin in small quantities will think twice if will do the transaction. Problems like this also hinder the adoption of bitcoin to be used as alternative payment to buy goods or services in a store or other field.

You have to know the Bitcoin users are making Bitcoin become an asset instead of a currency or a payment method.
Honestly, I want to ask you a question: "Do you really want to use Bitcoin for payment while other payment method can provide better system?"

[Dakshkapoor]

Bitcoin transaction is also acting as a obstacle against bitcoin sometimes . It is the fixed amount which is to be payed for every transaction you make. So i think it is unfair to charge transaction fees.

[lesya-ya]

When Btc price is rising why wouldn't the fees. It's just like the average pay is increasing so is the price of the essential commodities.
Also you can select lower fees for the transaction but it takes more time.

[bitcoinisbest]

it seems unfair if we redeem bitcoin into paper money when a small fee takes a few days to be confirmed then type a large fee very quickly to be confirmed in my opinion unfair

To an extent if the fee is charged is fine but charging some 50 $ + to send from blockchain for priority for just 0.1 btc is too high and such overcharge needs to be taken care. Else what will be happening is that people will change their paths to different altcoins which provide faster confirmations with very less fees and this may result in decrease of demand in the btc in coming time.

[maikelujang]

The fees of bitcoin is not fair because what if you are just a small timer and you will just send at least 0.005 bitcoins to your friend as a payment but the fee is over 0.001 then it is very frustrating because the fee is so high and it cut a very huge amount from the original which is such a disappointment for a small timer like me.

[oaz7t]

the bitcoin transaction fees has increased a lot than before
the fees were quite low before which was on of the main advantage of bitcoins but now as the prices have risen so have the transaction fees
for a $200 transaction almost $20 transaction is required which is too much
there are other cryptocurrencies as well who offer less transaction fees than bitcoins
the recent rise in the transaction fees of bitcoins might be a problem and due to which the prices might fall

[kudosoblique]

It all depends on the price of the Bitcoin on the moment of your transaction. If you want it cheap, then wait for the prices to fluctuate.

[arlington]

At the moment for btc holders the fees might be fair as they had earned a lot from btc and this fees are nothing but for newcomers when they want to buy or transfer it the fees are so high and not so fair.

[Itjoker]

At the moment for btc holders the fees might be fair as they had earned a lot from btc and this fees are nothing but for newcomers when they want to buy or transfer it the fees are so high and not so fair.

Exactly. Bitcoin fee is not fair for newscomers. Because not everyone can afford at least one Bitcoin. And the purchase of small and not expensive things in general becomes without meaning. In this case, Bitcoin generally loses its meaning as a monetary unit.

[GoldMen]

The size of a transaction depends on the number of entries that the funds support. The more entries we have, the more it will cost to make a transaction. On the other hand, those who make small transactions, in addition to the waiting time for the network to group similar transactions as a single payment, must pay rates even higher than the initial amount of the transaction.

[syntac]

I think currently the cost of bitcoin transactions is unfair, there is no fixed value in every transaction, always changing. The developers should be able to solve this problem quickly so as not to harm investors with small capital.

[Empiretoken]

  The recent high Bitcoin transaction fees is worrisome but that is one of the price to pay for
  influx of a lot of people to the cryptocurrency space. The network is very slow these days compared
  to what was obtainable in the beginning.

[ismadanniel]

yes it is fee can be change for transferer if want fast increase.if relax make less