Hello, Everyone!
I will send small amounts of BTC to dozens of people and I don't like to pay sending fees.
Is there any way to avoid it?
I tried Xapo but it sucks and become full scam so I really need your help for a good way to send BTC without fees.
Thanks in advance.
You can send without fees if you're transacting off-chain, you don't have to pay fees within Coinbase, Xapo and probably also other wallets I'm not familiar with.
You will not be able to transact without fees on chain.
Xapo also charges fees now. They did not charge fees or maybe they did but they never asked at the time of transaction, but now a days they are doing that, and i don't think there is any way to send transactions without fees because if there were and it was working, then everyone would have been doing that.
Well, the transaction fee is not taken by the service provider, so it does not matter how big it is for the quality of the service.
Most wallet providers take big fees, because want to send the transaction fast, and that is the reason the fee is big.
Other wallets have the option to use lower fee in this case the transaction may take some more time to get into the blockchain.
If the protocol is not changed it is possible to send transactions with no fee, but due to the big traffic of transactions, it will not be included into the new blocks, as transactions are ordered by transaction fee => bigger fee first in line. There is a limit of how many transactions can be stored in one block.
So as the pending transactions are much more then the space available no fee transactions will not fill for days, or even never...
btw there is a way to monitor this and choose to send transactions when fees are lowest, but that will take lots of work to monitor it as there is no service that I know of.
Beware of scam and pay your fees! There's no such thing as a free lunch
As stated above the fee is not for the service provider, but for the miners, so the scam or not the fee is ther
You can't. If you send transaction without adding fee nobody is going to confirm it.
You can send transaction with no fee, but as there is BIG trafic now, the transaction may take several days to go, or it may expire before there is less transactions with fees then the block size.
Miners confirm transactions anyways, as they get block reward (different then transaction fee). But because the total reward for miners is: block reward (12.5BTC) + sum of all transaction fees (even if they low or 0), the miners sort transactions for their fees.
In final words: If you do not need fast transaction (you will not want to exchange it now for alt coin to catch good ratio), or you want to buy access to some services that they give access once transaction has passed => you are probably ok to try and do send the transactions with no fee.
But if you need to transfer it fast or relevantly fast you have to pay fee
Hope this will help you all
