Is bitcoin transaction fees fair?

[Alex_He]

The factor is the poeple usually complains that the cost is quite large but in reality the cost remains the same as the long-rising bitcoin price tag, just because the price tag we've seen, and makes sense because bitcoin has become so common that miners have more operations to do and more deals to confirm, but still some purses get a lot of fees and transactions even now sluggish.

[kirito1614]

in the event that those exchanges are deficient and influencing the center, at that point the charge coming about the moderate affirmation which constrained us to pay more expense is uncalled for, if those are customary exchange, it is reasonable by its weight. I don't generally comprehend why we would need to pay such a high measure of exchange expense these days.

[diickydbo]

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.

[wilsonwilly1]

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 -.

[Sand King]

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 that is not fair but it's necessary to make transactions. But I think that the fees goes to good hands and I hope that the services in transaction department will be more accessible and hassle free.

[Raffaele Rago]

we can experience a bit faster confirmation due to segwit activation. But still the fee is expensive. But it is just fair because the price of bitcoin is in skyrocket now.

[Houseman]

I think bitcoin transaction fees can be consider fair, if we want the transaction to be done faster then we need to pay extra to get it done more earlier. It apply fairly to every transaction.

[Jay Jay crypto]

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.

[summerbray]

In my opinion, fee tx occur as now still quite fair. Indeed, when viewed in fiat form value is quite huge. However, i feel no objection because in principle i need fast confirmation process for buy or sell transactions against fiat. Rather than low, but very slowly confirmed.

[gesdan]

i think its fair if you need the fast time, if you set the fee of bitcoin more high than the standart you will get the fast confirmation time, so if you set the fees in the low or standart you will get the confirmation time slower than high fees, so it fair if you need to fast time to send bitcoin ir receive bitcoin

[FRJ]

No I don't think Bitcoin transactions fees are fair .maybe this price is needed for transactions, but I think the price should be lower because we the general public face difficulties in transactions for nothing else only for the transactions fees.this is not fair. if we transact $20 then we have to give up to $5 is transaction fee so this is quite difficult for us.

[Sampson7]

Those things people consider in crypto transactions. 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.
 One of the bigger problems is that people transfer a lot of unnecessary small amounts. Of course, they have their reasons - want to earn here and there a few extra $, want to buy something "small" things, don't trust some services or just don't realize that small amounts will fight against them in some not too far future.

[venlo]

High fee is one of disadvantages of bitcoins and I think it is unfair when transfrer small amont btc but with big amont the transfer fee is can be received. But if Bitcoin wants to have an effect on the economy of the whole world, surely such fees must be diminished, and such delays in confirmations must be eliminated.

[Cash BTC]

Bitcoin transaction fees are only fair if your transaction is big but if you will only send 0.01 and you need to pay for 0.001 for the fee then that's unfair. And sometimes even if you pay a highers fee the transaction still takes time and that is frustrating.

[IsabelCornd]

At my opinion bitcoin fees nowadays are too high. It's very bad that we still have freezed transactions that can be solved by paying money only...

[sammyp]

The transaction fees most at times are not fair but looking at it in a mathematical view, I think the transaction fees and bitcoin price are directly proportional. This means if the price of bitcoin increases then the transaction fees also increases (this is just my personal view and I stand to be corrected). It would have been very appropriate if transaction fee was a fixed percentage of amount been sent.

[fiend91]

Well i do not know how things work exactly, as far as mining is concerned, but i do not thing that price for fee transfer need to be low if price for bitcoin is going up. What i think is, that if i can transfer my bitcoin fast and without problems i will pay a bit more. So in general i am more interested in efficiency of transfer.

[EnaksiS]

Nothing is fair in this blockchain but I think it deserves that fee. Because Bitcoin is the starter, the reference coin. But if I have to say so i am agree with you, it is unfair

[freshm4ker]

I'm sure this is a system shortage on how to measure the exact cost because as we all know the cost depends on how to secure the wallet online. Appropriate laws and regulations on the transparency of the number of block chain costs that the bus passes through and allowing decisions on costs to be decided by some of the organizations that organize them.

[Raffaele Rago]

The current cost of a transaction with the bank about $0.4 If domestically and $7.47 if we send abroad, only about $0.2 bitcoin transactions so I think it is very fair.