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Author Topic: Are you using low fees?  (Read 13390 times)
Lizzie_Girl
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June 11, 2017, 01:50:44 PM
 #281

Yes I am using low fees for transactions that sends a small amount of Bitcoin because I thing sepending a big fee just to send a little Bitcoin is something very weird
some exchanges are giving you option to use the transaction fee according to your own wishes but the transaction speed is depending on your transaction fee. while some exchanges have fixed amount for transaction fee and you have pay that fee in any case.

Most exchanges are now charging 0.0015 which is enough. I use that amount now. The exchange went from 10k to 20k to 50k and now 150k that is a big leap and with Bitcoin being worth more it's now well over 30x more costly then before. 100x more is not unreachable. Before it was 10k now it's 150k that's already 15x then factor in Bitcoin price and you get 30x 90x easily. Pay more then 0.0015 ntc and you looking at 100x more costly then before.
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June 11, 2017, 02:06:58 PM
 #282

Low fees all the way. Else I feel like throwing money away, and I'm the one feeling like garbage after!
Yes, I use the low cost when making a transfer or other transaction as with it the lowest costs and
 the money I could have saved more
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June 11, 2017, 03:20:34 PM
 #283

Just hold your bitcoin, try not to send it anywhere until they fix the high fees thing. If you are sending from exchanges it's easy enough to buy ltc or doge and send that instead. With bitcoin fees so high it's made it not very useful. I still don't understand how faucets can send so many micro transactions that are less than the minimum btc fee. I have used the minimum fees with no problems, longest I've had to wait is 2 days, but usually goes through withing a few hours. I think you can soon set your wallet to use a bip148 server, this will strengthen the movement over, and make sure your transactions don't get stuck on the old chain.
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June 11, 2017, 04:34:41 PM
 #284

Of course at a low cost, I try to suppress all forms of transactions or travel at a low cost Grin
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June 11, 2017, 04:48:00 PM
 #285

It depends on how fast you want your btc going through. But hopefully with the segwit integration in bitcoin this August 2017 things can change with lower fees in transactions.

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June 11, 2017, 04:49:55 PM
 #286

Usually I choose to pay small fee, unless it's something urgent. Once I waited over week, but all transactions have been confirmed so far Smiley One interesting thing is, that withdraws from one of the dice services are almost instant (confirmed within 15 minuites) and they have fixed fee = 0,0003 BTC (30k sat).
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June 11, 2017, 05:38:22 PM
 #287

Usually I choose to pay small fee, unless it's something urgent. Once I waited over week, but all transactions have been confirmed so far Smiley One interesting thing is, that withdraws from one of the dice services are almost instant (confirmed within 15 minuites) and they have fixed fee = 0,0003 BTC (30k sat).

Most of the times I use to convert bitcoin to some altcoin like doge or ltc or eth which usually takes lower fee and also takes less time to get confirmation. There are many exchanges as well as gambling sites available which support alot of altcoins.
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June 11, 2017, 05:48:21 PM
 #288

Usually I choose to pay small fee, unless it's something urgent. Once I waited over week, but all transactions have been confirmed so far Smiley One interesting thing is, that withdraws from one of the dice services are almost instant (confirmed within 15 minuites) and they have fixed fee = 0,0003 BTC (30k sat).

Most of the times I use to convert bitcoin to some altcoin like doge or ltc or eth which usually takes lower fee and also takes less time to get confirmation. There are many exchanges as well as gambling sites available which support alot of altcoins.

Yeah thats cool feature - already seen on some websites, but usually there is some minimum required amount of coins for processing such conversion. If it would work without that limitation and with low conversion fee, that would be great Smiley
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June 11, 2017, 06:36:48 PM
 #289

Three months ago, I only need 50 satoshi/kb for make make transactions and it confirm very fast! But now, I need spend 250 sat/kb if I want my transaction confirm fast and this is a big fee for me because the price Bitcoin now very hight
I am still spending the same fees and I rush on to viabtc and submit my transaction, has been working well for me. Though at times the submissions are beyond limit but anyways I  manage to submit my transaction anyhow.
I am not sure if the fees would be a issue anymore as its 100-200 satoshi/byte usually.
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June 11, 2017, 08:19:42 PM
 #290

I see that the ideal way for your transfers to be fast is the way to pay intermediate rates and high rates! Today is like this ... unfortunately it is a reality in case you want your shipment to be fast!
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June 11, 2017, 08:46:53 PM
 #291

Most of the times I use to convert bitcoin to some altcoin like doge or ltc or eth which usually takes lower fee and also takes less time to get confirmation. There are many exchanges as well as gambling sites available which support alot of altcoins.

Converting your Bitcoins to alts just to save yourself some satoshis isn't really what I consider to be worthwhile. It's not only time consuming, but you'll be subject to the volatility connected to altcoins as well. You just need to include fees based on the priority according to you -- if it doesn't need to confirm directly, you can choose to go with a lower fee, and mostly your transactions get confirmed well within 10 blocks. If you need quick confirmations, then just go with the recommended fee. Don't waste your time on altcoins....
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June 11, 2017, 10:08:50 PM
 #292

No, my blckchain.info wallet is offering me around 75sat/b for some reason, so I set it manually to 240 sat/b just to be sure that it's going to get confirmations. I don't mind paying a little higher fees.

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

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June 11, 2017, 10:23:53 PM
 #293

Usually I choose to pay small fee, unless it's something urgent. Once I waited over week, but all transactions have been confirmed so far Smiley One interesting thing is, that withdraws from one of the dice services are almost instant (confirmed within 15 minuites) and they have fixed fee = 0,0003 BTC (30k sat).

Most of the times I use to convert bitcoin to some altcoin like doge or ltc or eth which usually takes lower fee and also takes less time to get confirmation. There are many exchanges as well as gambling sites available which support alot of altcoins.

Yeah thats cool feature - already seen on some websites, but usually there is some minimum required amount of coins for processing such conversion. If it would work without that limitation and with low conversion fee, that would be great Smiley

That is such a time wasting roundabout for saving a few satoshi you are better of just doing a few hours of community service instead.

And you withdraw s*coin2 instead of btc and then you do... what?
Go to another exchange deposit s*coin2 and get btc and... withdraw btc again by paying the fees?

Or are you going to get stuck forever with s*coin2 ?

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June 11, 2017, 10:31:10 PM
 #294

The lowest I can, and I don't know what we can expect in future with this fees, if fees continue to rise more then I will stop gambling and sending bitcoins, probably I will start to gamble with some other currency cause I don't wish to pay 5 dollars for one little transaction, that is not normal, and I agree with people who think that this what miner ate doing is just crazy.
Maybe that's why ETH is rising so much, many people are thinking about changing the ship, and that is not a joke if you ask me, what this miners are doing and why, do anyone knows?



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June 11, 2017, 11:19:03 PM
 #295

Yeah I'm also using low fees with 0.0001 BTC withdrawal fees and 60-70 sat/B and its visible pretty good for me, although I do not have many bitcon but I'm not too bothered about withdrawal fees, as long as it's still recommended I think it will be fine.

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June 11, 2017, 11:22:25 PM
 #296

Yeah I'm also using low fees with 0.0001 BTC withdrawal fees and 60-70 sat/B and its visible pretty good for me, although I do not have many bitcon but I'm not too bothered about withdrawal fees, as long as it's still recommended I think it will be fine.

60-70 sats/b? Really a low fees there.

How's the transaction? How long before it can confirmed? You will not say it's pretty good in the first place if it's really not.
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June 12, 2017, 02:30:17 AM
 #297

The ATM fees that are charged to process the ATM TX's are the same thing as the network fees for Bitcoin TX's.  The only difference is that the fee's at the ATM can not be set by the user.  That would be interesting, though.  To see an ATM user set a stupidly lower fee than average and stand there and wait four hours for the ATM to spit their money out.  
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June 12, 2017, 02:37:10 AM
 #298

No im not using low fees or even the high fees because my wallet its depends on how much I send bitcoin if the bitcoin big for sure the transaction fee is high also. And if this transaction is low they will be low also. But in my other wallet not using to send payout they have option how much fee do you want the minimum transaction fee  is 0.001 and thatsvery big and Im not using it.

 
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June 12, 2017, 03:02:54 AM
 #299

I was always use normal fees with my trabsactions and always gets confirmed in 25-30 minutes i dont have problems with it. Probably your transactions doesn't go through because of the blockchain transaction traffic is maybe full in the time that you send it. If a bitcoin scaling solution like segwit and lightning network you can kiss the delays goodbye and the price of bitcoin will soar up dramatically cause bitcoin will be once again able to use micropayments such as buying coffee or pizza and more investors will be interested in investing to it as all the problems has been fixed in crypto currency.

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hajimasan
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Activity: 882
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June 12, 2017, 03:28:35 AM
 #300

Hopeless, because it was april when i had sent a transaction with low fees and it took about 2 days for the confirmation so from that time because I learnt the lesson and I won't repeat it again and now i sent only bulk amount only and all amall small transaction will get red signal from my side. As now i am no longer paying low fees so i have no head ache about it and during my last transaction with low fees i was about to die because about 0.5btc stuck in and i was helpless and i had nothing to do with it and i cant even cancel tge transaction and for two days that tension just sucked my blood and i was so angry over bitcoin that I won't use this currency again but now i love it so much.
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