Is bitcoin transaction fees fair?

[sofiasalmon]

The fees aren't fair for the senders considering how high it is and keeping on rising BUT it is how it works, we are the ones determining the fees by how high we are willing to pay to get included quickly - Since bitcoin has no set fees -.

[1714914797]

1714914797

[Mr.Anonymous]

For me, small fees won't hurt, however nowadays wherein a lot of people are already using bitcoins, they couldn't refuse to charge bigger. But as long as it is reasonable, it's fine, not just too high that people will begin to think that it's already too much because if that's the case, the tendency will be people will start doubting bitcoin, and we wouldn't want that to happen.

If you used Bitcoin for global transaction or huge amount of money need to send for someone, I think a small fees of Bitcoin is nothing for total benefits you got from Bitcoin. You will need to verify your amount when you send a huge amount of money to someone and need to pay a lot of money for the transaction fees if you use bank services to transfer money to other countries on the world.

[Roksodhon]

 Many users are not happy with high fees, some even so much that they want to quit using Bitcoin. Fees are required by the miners to be able to make more profit, because their profit from mining is not enough for them because they need for maintenance. So I think fair because everything makes sense.

[echo11]

Now the fee does look unfair. Because the greater the fee incurred because we must be able to conduct transactions in a fast time. There must be a solution to make things better.Fee shouldn't be treated like a miners incentive to confirm the transactions after all miners already earning good amount of bitcoin for whatever they are doing.

[nvt2511]

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

[guxu219]

I think this topic can now be closed because the transaction of bitcoin is now as low as that of ethereum,  I sent out 0.03 BTC about 4 days ago,  and to my greatest surprise I spent only $0.03 as transaction fee,  I was scared as first thinking that the transaction might not confirm and would remain in the block for months.  But the transaction was confirmed within 30 mins from when I sent coin.

[paynercash]

There is nothing fair in the world. Everything has a dominant power, like the BTC I suspect there is a certain power that is driving the price of the BTC on the market, not the BTC based on supply and demand. If you can accept it then you should continue to invest and do not accept it should withdraw from the BTC market.

[Denigmatic]

Transaction fees are beneficial to those who send a lot of money, because it is calculated based on the size of the transaction. But for those who would like to send a little, the transaction fee seems expensive compared to the time when you have to wait until it is confirmed

[PM.coins]

I will say it is fair because you have to pay for transactions to sustain the blockchain and improve 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.

[Jembut Ireng]

Of course very fair, a few minutes ago I sent via Xapo about 0.65 btc or more than $ 4000 and the transaction costs only about 2500 satoshi, this is a very small fee because that bitcoin worthy of international currency.

[Sithara007]

Transaction fees are beneficial to those who send a lot of money, because it is calculated based on the size of the transaction. But for those who would like to send a little, the transaction fee seems expensive compared to the time when you have to wait until it is confirmed

Have you checked the fee lately? The last time I checked, it was around 1 Satoshi per Byte, which is equivalent to close to $0.02 per transaction. It can't get any lower than this. Unless you are sending less than $1 worth of coins, it is going to be fine.

[ubay]

Yes I think it's fair, because the fee is for miners. And if you use bitcoin only for small transactions, you better use only dollars. Because a small transaction will frustrate your fee from bitcoin.

[bjmpoker001]

i think it is a quit fair. bitcoin transaction fee is high because the price of bitcoin is already high.
in the beginning of bitcoin, the tx fee was very cheap, because bitcoin price still about $1.

[decano]

It has rose quite a lot in past few years. The only reason for this is high mining difficulty and block reward halving, miners will not earn any profit if they start accepting transactions with low fee like before because of low block reward right now.

[signaturecoin]

According to me it is indeed a way how they do business with transaction costs, in fact it's a reasonable thing, but if the transaction costs are too expensive then it is unnatural because they are managing too much benefit

[Glutius]

Now this situation has changed for the better thanks to the project Lightning network.

[Mical coffe]

In my opinion, 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 to send and receive transaction just like before.

[hikaru_11]

I believe the bitcoin transactions fees are fairly high and that's what is making people look for alternatives. Bitcoin initially started as a payment solution provider but ended up as an investment. So bitcoin looks good as an investment and especially for those whoa re saving bitcoin since long time.

[mom_dad]

For me, it is fair. I think you need to forget dust transactions. Bitcoin priced had increased so I guess we need to adjust too. Bitcoin is still the cheapest in my opinion in transferring thousands to millions of dollars worth of BTC. If you are to send dust better to use altcoins for it.

[chim_brisss]

For me Bitcoin transaction fees is fair... but just don't transact if you have low bitcoin amount, just wait until your Bitcoin is big enough and you can transact it all at once. In order to save transaction fees.