Are you using low fees?

[hatshepsut93]

Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?

[unamis76]

Last time I used normal fees was quite long ago. In the last few months, I always use fees hefty enough for next block confirmation, mainly because when I spend Bitcoins, I spend them to buy something and next block confirmation are always welcome in these cases.

[European Central Bank]

i go for middling fees. i'm not convinced fees that low will ever confirm with things the way there are these days. if i'm buying something then i go for relatively high because i don't want to be waiting around.

[adzino]

Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?

Isn't 50-70 sat per byte extremely low fees? They are going to take ages to confirm. I usually pay up high fees when doing any kind of transactions, don't feel like waiting. I once had an transaction with 296.011 sat per byte. It took almost 4 days to confirm. How long does it take to confirm with 50 sat/b fee?

[ahmedjamal1998]

Look at this.
I sent an exchange some bitcoins with an extremely low amount of fees (60 sat/byte) and left it like that for days.
I thought it eventually is going to return back to me. But surprisingly just a few minutes ago it started getting confirmations.
This is actually just 3 days from sending it.

I haven't used viabtc or anything similar.
Weird and interesting.

https://blockchain.info/tx/f6290491b2f00b3c5f2c773ab024723b568bdca456b680b24a2a766aab3d8d15

[mindrust]

I always use 30 satoshi per byte and i'm letting Jihan BU to pay the rest on my behalf.   Viabtc's free service does the job very well.

Paying >200satoshi/byte started to hurt me very badly. I have to move my coins from one address to another from time to time because those small incomes which i collect from here and there create many inputs in time and i don't want to look at a 100$ fee in some day.

[chaser15]

Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?

I used medium fees but lately it's now decent high, 100,000-150,000 satoshis is too much for a fees. That is $2 on USD value. To minimize the cost, I always transfer in bulk. But Im considering using low fees now but not to wait for 2 or 3 weeks. Id rather pay for 1 to 2 days than weeks eventhough Im not using my bitcoin.

You never know what will happen so it's good be ready. We can earned the lost money but for the needs, we must be ready anytime.

[hatshepsut93]

Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?

Isn't 50-70 sat per byte extremely low fees? They are going to take ages to confirm. I usually pay up high fees when doing any kind of transactions, don't feel like waiting. I once had an transaction with 296.011 sat per byte. It took almost 4 days to confirm. How long does it take to confirm with 50 sat/b fee?

My 65 sat/byte (also, it had 2.2 kB size) took 2 weeks to confirm and it arrived today.

I always use 30 satoshi per byte and i'm letting Jihan BU to pay the rest on my behalf.   Viabtc's free service does the job very well.

Paying >200satoshi/byte started to hurt me very badly. I have to move my coins from one address to another from time to time because those small incomes which i collect from here and there create many inputs in time and i don't want to look at a 100$ fee in some day.

That's exactly my thoughts, today's 2 mBTC might be "only" $5 (which is already too much for transactions under $500), but if Bitcoin will cost $20 000 in 10-15 years, at that point the amount of fees paid by average Bitcoin user can easily be worth a few thousands USD or more.

[Ucy]

Am currently using exchanges as my wallet. It pretty much does the job for me. The fee as far as know isn't that a big deal. People adviced me against using exchange, I have no choice unfortunately.

[BingoDog]

Not anymore. Since there is a huge problem with low fees transactions I take care about the fee I'm paying for my transactions and I'm using wallet where I can control the fees and where the proper fees are already suggested. This is more secure and less chances that I will end up with unconfirmed transaction.

[Baofeng]

I think Electrum wallet will let you adjust the fees so that the transaction can be pick up faster. I haven't try it at all because I just got my first payment from a signature campaign. But if ever I want to transfer my funds then I guess I have to used the 400 sat/byte recommendation fees to make my transaction quick if I'm in a hurry.

[lite]

I only use high fees whenever i want to purchase something, if i want to just move my coins to another wallet then i use low fees. i won't be selling/spending the coins i send, so it doesn't matters if takes a week to confirm.

[FractalUniverse]

I dont mind paying 0.001-0.002 BTC fee when i need fast transaction,
 
lets look at ti this way: both buying real or virtual stuff and paying fees for transactions is supporting bitcoin economy.

[klf]

Am currently using exchanges as my wallet. It pretty much does the job for me. The fee as far as know isn't that a big deal. People adviced me against using exchange, I have no choice unfortunately.

Some exchanges, particularly XAPO, started fee for outgoing transactions recently but their charges are quite high compared to other places. So if you can avoid these high charge exchanges. I use both blockchain and earlier was using XAPO but not very less transaction in XAPO. But most of the time I pay a high fee because I don't like waiting for long time to get transactions confirmed.

[Pearls Before Swine]

Last time I used normal fees was quite long ago. In the last few months, I always use fees hefty enough for next block confirmation, mainly because when I spend Bitcoins, I spend them to buy something and next block confirmation are always welcome in these cases.

Same here.  I've bought a few things in the past couple of months that I'd rather not have waited weeks to receive.  So no, I don't skimp on the fees usually.  And honestly I try not to spend bitcoin if I can use cash.  I'd rather give up the fiat, because I know it's not going to rise in value like bitcoin might.  Makes sense, right?  And who wants to pay $5-10 or more to spend money?  I sure as hell don't.

[Qartada]

I always use 30 satoshi per byte and i'm letting Jihan BU to pay the rest on my behalf.   Viabtc's free service does the job very well.

Hilarious stuff.  Jihan Wu doesn't lead ViaBTC.  For all we know he could be mining there, but I've seen no evidence of this.  I hope you feel good abusing a free service for your own greed.

Paying >200satoshi/byte started to hurt me very badly. I have to move my coins from one address to another from time to time because those small incomes which i collect from here and there create many inputs in time and i don't want to look at a 100$ fee in some day.

Solution:  wait for ~3 weeks until you have BTC0.1 or so, then transfer to a new address.  Alternatively, just deal with the inputs - with current necessary fees it's not going to add more than ~0.0004 to your fees.  If you claim that you can't pay this with the income you receive, you're lying.
IMO the best thing to do is to use the lowest fee on the recommended fees page which is estimated to be confirmed within 6 hours or so.  This way you avoid pushing up the fees for other people by perpetuating the fee market unless you have a high-priority transaction.

[richardsNY]

No. I use https://bitcoinfees.21.co to look at the recommended minimum fee, and add an additional 10% to make my transaction look a bit more interesting financially. I have sent out 2 transactions today, and in both cases I added around $4 in fees, which makes it a total of $8 only to send coins from point A to B. Is it a considerable amount? Sure it is, but I don't like waiting -- time is money.

[Karpeles]

I always use 30 satoshi per byte and i'm letting Jihan BU to pay the rest on my behalf.   Viabtc's free service does the job very well.

Paying >200satoshi/byte started to hurt me very badly. I have to move my coins from one address to another from time to time because those small incomes which i collect from here and there create many inputs in time and i don't want to look at a 100$ fee in some day.

You can send the coins back to the same address, no need to use another. If you won't use the funds, just send them back to your address with a small fee, and when you need faster confirmation, the fee won't be as expensive because of just 1 input

[Mbokani]

I even used to think like that if i am not in a hurry,but then some my transactions with low fees got rejected and so i stopped doing transactions with very low fees and even i am starting to go over the bridge and start putting higher fees even though i am not in a hurry just to get those coins transferred.

[Meuh6879]

Yes, i use low fees ... but only from Bitcoin Core.
Not from Hot wallet (SPV Android Wallet).

https://bitcointalk.org/index.php?topic=1868604.0