Are you using low fees?

[hatshepsut93]

When i was a new to cryptocurrency i always set the fee to normal because usually i really want to received my profit as soon as possible but even tho it's a normal fee the fee transaction is still expensive and we all know that. I think the transaction fees will bring down bitcoins i hope in the next year or months they will solved the problem about transaction fees before some altcoins will pop out and beat the value of bitcoins because of the expensive transaction fee

You are right, normal fees are not normal, they are ridiculously high, and even my "cheap" fees like 40-60 sat/byte are very expensive, because if you are paying 0.0005 BTC for 0.01 BTC transaction, that's a 5% fees - something that rarely happens even with fiat transactions. I have a feeling that miners are just preying on people's fear of uncertainty, people are afraid that their transaction will get stuck forever and lost, so they want it to get confirmed asap, which makes them to push fees higher and higher. I won't be surprised if we find out that miners are behind spam attacks and that they are doing everything they can to keep fees as high as possible.

[bitbunnny]

Not anymore because then all my transactions would probably get stuck. Now I use wallets with dynamic fees policy. But there are also no low fees anymore, even those labeled as normal or low are very high. But this is the new Bitcoin reality, if you want it use it efficiently and be sure that you would get or send the coins, you have to pay the price.

[btc_angela]

Not anymore because then all my transactions would probably get stuck. Now I use wallets with dynamic fees policy. But there are also no low fees anymore, even those labeled as normal or low are very high. But this is the new Bitcoin reality, if you want it use it efficiently and be sure that you would get or send the coins, you have to pay the price.

Correct, we are the one adjusting and paying the price of using bitcoin now. But whatever angle you look at it, this will have a negative impact to the bitcoin ecosystem. Maybe some are moving to alt coins because of this. We don't know. That is why I'm just storing my bitcoin and not doing any transactions for now to avoid paying the high tx fees.

[justspare]

I use low fees if I'm just putting away some bitcoins into cold storage or transferring to other wallets. By low I mean 100-200 Satoshis/byte, never under 100. They usually confirm within 24h so I suppose I could go lower if I wanted to but waiting weeks seems silly.

bitcoin is a kind of currency in which people are getting a lot of benefit althrough if they are earning money through online business or either they are investing in it bitcoin is giving profit to all of us i'm very sure that it depend and how fast a user want the money by bitcoin because spending a more than a couple or year income just so another user can get they are not doing it smartly a lot of people are here who are using transition with low fees and mostly with no fees with no fees transaction would take half a day to get completed being in hury is never been a good and smart option.

[European Central Bank]

i wonder now that some type of scaling looks like it's gonna arrive, whether the 'fee pressure' will mysteriously disappear. let's see what it does between now and august. i think we might be in for not much of a surprise.

[BossMacko]

Yes i am using low fees, It take my transaction days to be completed completely, For me it is ok because i only need 1 confirmation to get my deposit when i am depositing to other site so no need for my transaction to be 100% completed and it save me so much transaction fee by using low fees.

[shine1123]

Yes i am using low fees, It take my transaction days to be completed completely, For me it is ok because i only need 1 confirmation to get my deposit when i am depositing to other site so no need for my transaction to be 100% completed and it save me so much transaction fee by using low fees.

Well, for people that want fast confirmation always use a standard fee for their transaction, up to 0.0005-0.001. With that fee you can get cofirmation 30minutes-1hour depend on the fee. For me, i always use 0.0003-0.0005 fee and i use txid accelerator for make it faster.

[sotoshihero]

When I am withdrawing from exchanges,  I have nothing to do they charges higher fees. But when I am the one sending, I am using medium to Higher fees because I want it fast,also the other party are waiting.Its fine for me,adding that when you are in a hurry, it saves time.

[Deluzi]

everytime while I can I use low fees, but if you're using a site that doesn't have low fees, only high, what to do then?

[European Central Bank]

everytime while I can I use low fees, but if you're using a site that doesn't have low fees, only high, what to do then?

contact support? if you have private keys then you can import them to another wallet that does let you control your fees. if you don't have them then you're at their mercy.

if you're talking about an exchange then use an alt to move your funds and you can convert back somewhere else.

[TastyChillySauce00]

Block.io just quoted me .0492840 btc as a minimum network fee that's 123.90 USD
talk about stealing

It's most probably because the input and output in your transaction are rather many that cause the transaction to have an overwhelmingly high size, though, that's still not an excuse of how the fee is ridiculously high that it far surpasses any other similar services out there that offer more benefits.
Talking about the confirmation and the efficient way, better to use someone else's service to include your transaction into a block by paying some amount of BTC which is smaller than what quoted by block.io

[Omega Weapon]

Never do I use low fees because all my transactions are really important that I can risk myself on chance to losse mt Bitcoin

If your transaction does not confirm then your transaction has nowhere to go but back to your wallet, you are not going to lose your bitcoin, think about this as if you are sending a letter, if you send a letter without stamps, the letter is going to go back to you because it did not have stamps, bitcoin is the same if you send a transaction with low fees, the transactions is not going to go anywhere because of lack of fees.

[stompix]

Block.io just quoted me .0492840 btc as a minimum network fee that's 123.90 USD
talk about stealing

That's bs.
Sorry to say it but it is BS.

Either you have more than 100 inputs or outputs or this story is just fake.
I've never heard of such a fee till know.

And the funny part.
Block.io provides zero fee transactions for users, developers, and merchants. However, we do not deal in money.
What happened to this?

everytime while I can I use low fees, but if you're using a site that doesn't have low fees, only high, what to do then?

Stop using a 3rd art. It defeats the point of using bitcoin.

[goinmerry]

Block.io just quoted me .0492840 btc as a minimum network fee that's 123.90 USD
talk about stealing

This is ridiculous. What do you do? Do you proceed?

If yes can you share the tx id here? It's hard to believe and that is just a minimum. So how much more for priority?

[Clark05]

Sometimes I used low fees because the fees as of now its very high. Compared to the previous fee is very low I think the fee is only 20 k satoshi but now look the fee is very high the amount you send if high the fee is also high. But sometimes I used also high fees when I need my bitcoin and i want to confirmed fast my transaction. But even the fees is hifh thetransaction sometimes is low also I dont know why.

[shinratensei_]

Yes i am using low fees, It take my transaction days to be completed completely, For me it is ok because i only need 1 confirmation to get my deposit when i am depositing to other site so no need for my transaction to be 100% completed and it save me so much transaction fee by using low fees.

There are no low fees will be acceptable in these days we know that the bitcoin network bloated and the fees are so high. Even the chart on bitcoin21fees says that the fastest and cheap fees for the transaction is 390byte/sat and in this time it will equal with almost 10 dollars. and it looks strange in my opinion. There is no micro-transaction for bitcoin again.

[7jaka7]

Block.io just quoted me .0492840 btc as a minimum network fee that's 123.90 USD
talk about stealing

This is ridiculous. What do you do? Do you proceed?

If yes can you share the tx id here? It's hard to believe and that is just a minimum. So how much more for priority?

I would like to know more about this too, There must be some mistake or scam. And if neither of this you should change your wallet.

[DoublerHunter]

Low fees is not practical anymore because if you want to save some bitcoin or money and if you will choose low fees then you can say goodbye to your money because it will not get confirmed because of the low fees or it will take a lot of days or weeks before the miners confirm it because they prioritize transaction that has a higher fees so they can get more profits.

[maydna]

Low fees is not practical anymore because if you want to save some bitcoin or money and if you will choose low fees then you can say goodbye to your money because it will not get confirmed because of the low fees or it will take a lot of days or weeks before the miners confirm it because they prioritize transaction that has a higher fees so they can get more profits.

i am not using low fees because i understand that with low fees, a transaction will need longer to be confirmed and we need to be patience to see the balance is show in our account. at least we need to use up to 0.0005 btc for the fees and if we want to see fast confirmed, we can use 0.001 btc for the fees. for myself, i always use more than 0.0005 btc for the fees and sometimes i used 0.001 to send a big transactions, and the confirmations is not take more than 1 hours.

[Hotel_Prodeo]

Sometimes, if I send small amount or under 0,05 btc, of course I will select for small fees, usually take more than 3 days will receive. I use XAPO wallet, and if I send more than 0,05 btc I am not use low fees.