$0.85 transaction fee is absolutely ridiculous!

[White sugar]

Well, since I paid $75 to send a $2100 wire transfer earlier this week, I would have been happy to pay $.85 - if only they accepted Bitcoin.

Depends where are you transferring to. May be free or almost free(for example: SEPA to SEPA), may be really expensive or even impossible(like if you want to send money to Iran or North Korea to buy some illegal weapons)

[briny]

it is really frustrating..for me!! can you help me with letting me know that i have to pay 1 mbtc from coinbase !! each time i made any transaction.
i dont know why it so high... is it only the coinbase charging or it is same for all other house???

thnx in advance

[White sugar]

it is really frustrating..for me!! can you help me with letting me know that i have to pay 1 mbtc from coinbase !! each time i made any transaction.
i dont know why it so high... is it only the coinbase charging or it is same for all other house???

thnx in advance

other people are paying similar fees too

Coinbase's fees probably don't go all for the transaction and include some tax of custody of funds, but the actual transaction fees never are below 0.0006 BTC recently

[Sakamoto09]

Absolutely ridiculous but i guess this is a just a normal fee because the bitcoin price is increasing rapidly and rich almost 2500$ in the market so no doubt that the transaction fees will also increase but its really ridiculous having a almost 1$ transation fees every time.

[hatshepsut93]

At this point all online Bitcoin services like casinos or exchanges should have an option for batch withdrawals that would cost only 10k sat to users. It's ridiculous to demand from your customers to pay 1.5 mbtc per withdrawal, if someone wants to withdraw 15 mbtc, which is worth $36, they are forced to pay 10% of the transacted amount, while fiat banks charge from zero to just a few percents.

[neochiny]

it is really frustrating..for me!! can you help me with letting me know that i have to pay 1 mbtc from coinbase !! each time i made any transaction.
i dont know why it so high... is it only the coinbase charging or it is same for all other house???

thnx in advance

It's not just Coinbase. Everyone else pays almost as much or sometimes more, no matter the wallet.
It all depends on your transaction size. If you have many inputs(the fund comes from not just 1 address) then you'd really pay more because the transaction size would be higher.

If you knew how to calculate your own fees, then you'd be able to set the fees you want but mind you, that'll turn the usual confirmation of minutes, to hours and sometimes even days.

median transaction size of 226 bytes, this results in a fee of 94,920 satoshis.

https://bitcoinfees.21.co/

At this point all online Bitcoin services like casinos or exchanges should have an option for batch withdrawals that would cost only 10k sat to users. It's ridiculous to demand from your customers to pay 1.5 mbtc per withdrawal, if someone wants to withdraw 15 mbtc, which is worth $36, they are forced to pay 10% of the transacted amount, while fiat banks charge from zero to just a few percents.

Batch withdrawals and for 10ksat, with the current fees as it is? That'd be tricky. Players are given options on how much they're willing to pay for tx fees, depending on how long they're prepared to wait.
Which casino is demanding for 1.5 mbtc per withdrawal by the way?(if you don't mind me asking)

[TheCheek]

Am I the only one realizing that ~$1 fee to make a transaction is absolutely insane and defeats one of the core benefits of using bitcoin for daily transactions.

This is getting insane and is completely uncalled for, or am I wrong?

No, you are not wrong. Plus, you cannot even be sure of confirmations. I am avoiding using BTC at the moment due to that.

[TheCheek]

Continue from above.

The last 3 txs have taken between 4 hours and 1.5 days, despite paying a high fee.

[mrayazgul]

it is really frustrating..for me!! can you help me with letting me know that i have to pay 1 mbtc from coinbase !! each time i made any transaction.
i dont know why it so high... is it only the coinbase charging or it is same for all other house???

thnx in advance

other people are paying similar fees too

Coinbase's fees probably don't go all for the transaction and include some tax of custody of funds, but the actual transaction fees never are below 0.0006 BTC recently

As a site owner of any kind, I would allow the clients some leeway in the fee's, while at the same time, every outgoing TX would be a smart contract.  Coinbase fee are now almost a dollar for any transaction and is quite high.

[(o)(o)ilikeboobs(o)(o)]

it is really frustrating..for me!! can you help me with letting me know that i have to pay 1 mbtc from coinbase !! each time i made any transaction.
i dont know why it so high... is it only the coinbase charging or it is same for all other house???

thnx in advance

other people are paying similar fees too

Coinbase's fees probably don't go all for the transaction and include some tax of custody of funds, but the actual transaction fees never are below 0.0006 BTC recently

As a site owner of any kind, I would allow the clients some leeway in the fee's, while at the same time, every outgoing TX would be a smart contract.  Coinbase fee are now almost a dollar for any transaction and is quite high.

Ya it is true that the transaction fees is very high but i think if you wanted to do business now then you can go for ETH for your clients payment as the transaction is fast and low cost.

[BitcoinsGreat]

it is really frustrating..for me!! can you help me with letting me know that i have to pay 1 mbtc from coinbase !! each time i made any transaction.
i dont know why it so high... is it only the coinbase charging or it is same for all other house???

thnx in advance

other people are paying similar fees too

Coinbase's fees probably don't go all for the transaction and include some tax of custody of funds, but the actual transaction fees never are below 0.0006 BTC recently

As a site owner of any kind, I would allow the clients some leeway in the fee's, while at the same time, every outgoing TX would be a smart contract.  Coinbase fee are now almost a dollar for any transaction and is quite high.

If the client sets the fee too low and the funds are still orphaned after thirty days the transaction is nulled and the balance is returned to the site, clients would quickly learn the right fees then.  No site owner can let hundreds of tiny TX's float back and forth without some control.

[Qunenin]

I would rather see an option to set the fees on most TX's.  That would make people understand the right place for a fee to be, too small and the TX never gets confirmed, too high and why bother sending the money in the first place.  There is a happy place that most of us have found when it comes to fees and most of us will look at some transactions and know that there is no reason to even bother moving a tiny amount because it will get eaten up in fees.  
 

[taxmanmt5]

Continue from above.

The last 3 txs have taken between 4 hours and 1.5 days, despite paying a high fee.

This is the trick with removing any governing authority from the system.  There are numerous reasons that decentralized service is awesome, but you have also taken to a lawless city when you are dealing with Bitcoin.  This is combined with the fact that the slow blockchain of a few weeks back scared everyone and now they are willing to pay higher fees to become more attractive to the miners.

[richardsNY]

I would rather see an option to set the fees on most TX's.  That would make people understand the right place for a fee to be, too small and the TX never gets confirmed, too high and why bother sending the money in the first place.

I make use of the Core client, and there already is an option that gives me a rough recommended fee calculation. I personally don't use that option, but look at the recommended fee displayed by https://bitcoinfees.21.co where I add a 10% premium to make miners pick up my transaction.

most of us will look at some transactions and know that there is no reason to even bother moving a tiny amount because it will get eaten up in fees.

Correct, but in some cases you can't avoid transacting with smaller amounts. In this case it would be handy to make use of an online wallet service (for small amounts only) that allows you to transact free and instantly with others that make use of the same service. That's also the reason why certain faucets only pay out to Coinbase and Xapo accounts -- it allows them to bypass transaction fees as they operate within the ecosystem of the services in question.

[ThirdGear]

A fixed fee would be best and perhaps an express fee if it needs to be done fast.

[Dabs]

The last 3 txs have taken between 4 hours and 1.5 days, despite paying a high fee.

Maybe it's not high enough.

I make use of the Core client, and there already is an option that gives me a rough recommended fee calculation. I personally don't use that option, but look at the recommended fee displayed by https://bitcoinfees.21.co where I add a 10% premium to make miners pick up my transaction.

I notice that with the current version of Core (0.14.1) there is no 1 block estimate anymore. The lowest estimate (fastest) is 2 blocks. If you look at the numbers closely, bitcoinfees.21.co is just slightly higher than what you have on your Core client. Depending on the transaction sometimes I use whatever value is displayed there and add a satoshi to the total, or a satoshi to the fee per byte. The tx will get included quickly either way.

[Decoded]

More than 0.001 for a transaction of one input and two outputs now... Jeez, that's appalling.

A fixed fee would be best and perhaps an express fee if it needs to be done fast.

It may be the best for users, but then miners will only be able to mine a set amount of transactions every 10 minutes, and currently the mempool is filling up faster than miners can pack them into blocks. How will they know what transactions to put into a block if the fees are all the same?

[Sithara007]

The number of unconfirmed transactions is rising once again, and is about to touch the 100,000 mark. We need some permanent solutions for this. A fixed transaction fee with no priority for anyone would be good, rather than temporary solutions such as SegWit.

[Prodigan786]

Yes it's absolutely ridiculous my few of low transaction still not confirmed now bitcoin becoming for only big transaction hope soon it will recover otherwise altcoins would be the option

[NikS13]

Yes it is absolutely ridiculous! Thats why im trying to avoid sending btc too often