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Author Topic: Are you using low fees?  (Read 13454 times)
terrate
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June 05, 2017, 11:01:52 PM
 #161

i use the default fees by blockchain and coinbase. no any issue and long delay.
Also for me, try to not modify the fees, if i put wrong how... Tongue
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June 05, 2017, 11:08:33 PM
 #162

NO chance i guess bitcoin is increasing its price in the market so no doubt that the fee will also increase i dont know why it also increasing but i guess it is just normal to take advantage in what is happening in the market so they will definitely do that because they have a reason to do high fees so probably all transaction have high fees.
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June 05, 2017, 11:17:37 PM
 #163

I think YoBit exchange is using low fees...when I sent a btc from yobit to another, it took days to go through =/

They are terrible and I don't want to be part of those complaining club, most of the trading sites are requiring fees. And I haven't chose the lower fees because I don't want to experience the long wait for my transaction to be confirmed by the miners. But I don't want to pay too much fees I just use the normal fees.

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June 05, 2017, 11:27:12 PM
 #164

When the amount I send was low and not important I will send it using low or normal fee, other than that usually I used a high fee eventhough it is expensive but I am an anxious person, I can't sleep and will keep on checking if my transaction is not confirmed yet


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June 05, 2017, 11:33:08 PM
 #165

i use the default fees by blockchain and coinbase. no any issue and long delay.
Also for me, try to not modify the fees, if i put wrong how... Tongue

 Yes I do the same with coinbase and I get my transactions confirmed in just an hour or less sometimes. Coinbase also has internal transfers from other coinbase wallets that are free of charge because they don't go into the blockchain.
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June 05, 2017, 11:46:14 PM
 #166

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?

Nice one, it is works if you are not in hurry to send bitcoin. What kind of wallet do you use to set those low fees? as I've never set it, just automatic fee from blockchain wallet. But, it is really piss me off waiting for days to get a confirmation, so $1-2 doesn't matter in my opinion, especially you want it be confirmed soon.
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June 06, 2017, 01:51:24 AM
 #167

I do not want to use a low fee because it will slow my transaction, so I use the fee in accordance with the rules in the wallet, or sometimes I add a little fee to be more quickly transported my transaction by the miners

Yes, we can save, but we should save at work. Our work requires fast transactions, saving will slow our work, and it is not good.

i use the default fees by blockchain and coinbase. no any issue and long delay.
Also for me, try to not modify the fees, if i put wrong how... Tongue

 Yes I do the same with coinbase and I get my transactions confirmed in just an hour or less sometimes. Coinbase also has internal transfers from other coinbase wallets that are free of charge because they don't go into the blockchain.

Me too
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June 06, 2017, 03:15:32 AM
 #168

I always use the default fee or the usual recommended fee to avoid the length of the transaction. even though bitcoin fees are getting expensive but I also get benefit from the bitcoin itself.

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June 06, 2017, 04:02:34 AM
 #169

i use the default fees by blockchain and coinbase. no any issue and long delay.
Also for me, try to not modify the fees, if i put wrong how... Tongue

 Yes I do the same with coinbase and I get my transactions confirmed in just an hour or less sometimes. Coinbase also has internal transfers from other coinbase wallets that are free of charge because they don't go into the blockchain.
When you do the same wallet transactions then they dont really charge up some fees and transfers are instant and talking about coinbase their suggested fee is 0.00103 and thats $2 more which i can say its really expensive if you do make it as a normal fee on your transactions unless if you are rich then those fees are piece a cake

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June 06, 2017, 04:22:14 AM
 #170

NO chance i guess bitcoin is increasing its price in the market so no doubt that the fee will also increase i dont know why it also increasing but i guess it is just normal to take advantage in what is happening in the market so they will definitely do that because they have a reason to do high fees so probably all transaction have high fees.
Because when the price of Bitcoin up more, many people want trade it, and blockchain will have more transaction cannot confirm, if you want your transaction confirm soon, you need spend a small fee for miner (Transaction have hight fee will confirm soon than low fee)
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June 06, 2017, 04:46:15 AM
 #171

I prefer to use the recommended fee/s than setting it lower. But the wallet I'm using has no setting up the transaction fee. It get pissed me off if the sender use low fee because it doesn't confirm fast, it takes the waiting time longer and there instances that the transactions are vanish due to unspent as shown in blockchain.

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June 06, 2017, 05:07:13 AM
 #172

I prefer to use the recommended fee/s than setting it lower. But the wallet I'm using has no setting up the transaction fee. It get pissed me off if the sender use low fee because it doesn't confirm fast, it takes the waiting time longer and there instances that the transactions are vanish due to unspent as shown in blockchain.
If you want have permission to change fee in wallet, I recomend you should use a Wallet PC,
Ex: Bitcoin Core - strong Wallet, need more space for sync, but very security
Electrum - Light Wallet, not need more space for sync, can get Private key
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June 06, 2017, 06:36:03 AM
 #173

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.
Yes its better to use high fees or middle fees than to use low fees and wait for a long time. Its good to have your own wallet where you can control the fees because youll not be worried anymore.



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Rainbot
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Question123
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June 06, 2017, 06:50:27 AM
 #174

I did not set any fee. Because my wallet using depends on how much you send the bitcoin if the the bitcoin high for sure the transaction fee is high also. My one wallet I use coins.ph called.and their minimum fee is 0.001 bitcoin . If you send 1 bitcoin the fee is alsp like that. Unlike to the other wallet it depends on how much you send. Buf if you want to confirm fast your transaction its better if you set high fee.
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June 06, 2017, 08:07:54 PM
 #175

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

Yes, you should be careful in selecting the transcation fee as a too low fee will make your confirmation waiting for months and its no use.
I got stuck in the same situation too. For the time being I converted my bitcoins into altcoins and then I withdraw accordingly. Another idea is to deposit your bitcoins on exchanges and then withdraw from there as they send mass transaction and hence at a much lower fees they bind up a lot of transactions which we ourselves cannot do.

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June 06, 2017, 10:57:58 PM
 #176

Maybe someone can explain. Why is the bytes so high ? The over 1000 when they were otherwise 225. What's going on please help me to understand this.
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June 06, 2017, 11:05:11 PM
 #177

If you want have permission to change fee in wallet, I recomend you should use a Wallet PC,
Ex: Bitcoin Core - strong Wallet, need more space for sync, but very security

Actually I don't see the need to use the Bitcoin Core wallet anymore, syncing with this takes ages.

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June 06, 2017, 11:09:06 PM
 #178

It depends on how much bitcoins i am transacting with and if it is in a rush or not,mostly at normal transactions i use small fees only but if im going with big amount of bitcoins and im in a rush i use the standar high fee to make transactions faster

 
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June 06, 2017, 11:39:24 PM
 #179

I never use low fees, don't trust them.

I use Electrum wallet and always pay the highest fee possible.

I've had problems before trying lower fees and its not worth the hassle.

Normally I'm moving 10 BTC + so I don't mind paying $5 + for a transaction
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June 06, 2017, 11:42:36 PM
 #180

Maybe someone can explain. Why is the bytes so high ? The over 1000 when they were otherwise 225. What's going on please help me to understand this.
That happens when you frequently receiving small amounts of satoshi, and one you want to send btc to other address then the size takes so high thats why the recommended fee is high to, sometimes the was much hifher than the funds you want to send

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