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Author Topic: Recommend BTC transfer fee  (Read 1773 times)
bankpower
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May 14, 2017, 07:02:22 AM
 #21

Unfortunately was urgent so I had to do it. Thanks for the suggestion.
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May 14, 2017, 10:15:44 AM
 #22

Ideally, the transaction fee must be a fixed amount. If it is too volatile, the merchants and even the Bitcoin users will lose their confidence in Bitcoin. How can you guarantee that the transaction fee won't rise to 10x the amount as of now after a few months?

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May 15, 2017, 06:30:53 AM
 #23

Ideally, the transaction fee must be a fixed amount. If it is too volatile, the merchants and even the Bitcoin users will lose their confidence in Bitcoin. How can you guarantee that the transaction fee won't rise to 10x the amount as of now after a few months?

Agreed. But because of Bitcoin's nature this can't be changed. Probably only bigger blocks can solve this issue.
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May 15, 2017, 08:48:26 AM
 #24

Are there any plans to change the fee system?
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May 15, 2017, 09:04:19 AM
 #25

Are there any plans to change the fee system?

What do you mean? What kind of plans?
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May 15, 2017, 09:17:55 AM
 #26

Lately the blockchain is very cool congested. Let us make a list of low medium and high priority fees for BTC.
Lowest being the very lowest fee just above failure. The highest being the most you need at which point adding more makes little difference.

240 Satoshi/byte works well so far what figures are the rest of you seeing ?
yeah you need to understand the basic reason of the increase and down in the fee of  Bitcoin transaction .
I will suggest you to go at bitcoinfee.21.co at this site you can estimate that how much you need to pay for your transaction to confirm speedly .
But beside of this estimation of this side I have the basic idea of the paying fees for the Bitcoin transaction that is 0.0 0 0 3 BTC .
Cause in the current time I am paying about 150sat per byte , is a good thing for the confirmation of the transaction.
Second thing here I will suggest you to just use the normal see that wallet shows you during the transaction of your Bitcoin amount .
Because the recommended the recommended fees are really impactful for the better confirmation of your Bitcoin transaction.


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May 15, 2017, 12:17:35 PM
 #27

I don't know what's the recommended fee. I dont really manually edit my transaction fee. I put either normal to priority fee. I don't use low fee since i want all the transactions fast. But the fees are getting bigger now. The last time i withdraw on my livecoin account. I pay .0005 btc fee. That's huge for me. It's fast tho. It only takes 3 minutes to receive.

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May 15, 2017, 01:20:38 PM
 #28

I paid a fee of just over 162 sats/byte @ 17:54:45 today, there were ~150k unconfirmed txs at the time and it still confirmed in 11 minutes.



Is this cheap compare to other?
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May 15, 2017, 07:34:03 PM
 #29

what allet have less fee ?

Each wallet has its own cost. Because that's what they get from the results of our transactions

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May 17, 2017, 02:21:33 PM
 #30

Are there any plans to change the fee system?

How would you change the fee system ? You would have to change and restructure the entire way Bitcoin works. I guess you hoping to pay reduced fees. You can't dude. It's just how it works.

what allet have less fee ?

Each wallet has its own cost. Because that's what they get from the results of our transactions

Yes but it is best to customize it as it is ever changing to begin with.


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