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Author Topic: Transaction FEES 0.00133153 BTC !!!  (Read 5005 times)
NeuroticFish
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September 07, 2017, 08:35:47 AM
 #181

google tells me that bitgrail is a small exchange!
if you paid 0.0013BTC in fees then there is nothing you can do about it, you can complain to that exchange why they are taking that big a fee from you. or stop using it and use another exchange that takes a smaller fee for withdrawals. for example i heard that poloniex and bitstamp are taking 0.0001BTC fee!

really, if we use poloniex and bitstamp very small transaction costs, we better use poloniex and bitstamp so that we do not always harmed at the time of transaction. my friends have also used poloniex and bitstamp the result is very satisfactory, they take 0.0001 BTC when transact.

There are drawbacks too on using Poloniex as a wallet.
My first time I bought goods directly with Bitcoin almost ended as a disaster. I transferred from Poloniex. They need some time - sometimes shorter, sometimes longer - to get together more withdrawals and make one bigger transaction. The payment processor had a countdown and Polo didn't do the send in that fixed time. So my transfer was not registered.
I had to talk with customer support at seller and at payment processor, spend 1-2 more days and, with some luck, it was solved. However, all the next transactions when I bought things over internet I made directly from wallet and they went on very good.
And with today's fees like 40 satoshi/byte it's again better (and safer) to keep money in your wallet imho.

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Potato Chips
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September 07, 2017, 08:42:13 AM
 #182

google tells me that bitgrail is a small exchange!
if you paid 0.0013BTC in fees then there is nothing you can do about it, you can complain to that exchange why they are taking that big a fee from you. or stop using it and use another exchange that takes a smaller fee for withdrawals. for example i heard that poloniex and bitstamp are taking 0.0001BTC fee!

really, if we use poloniex and bitstamp very small transaction costs, we better use poloniex and bitstamp so that we do not always harmed at the time of transaction. my friends have also used poloniex and bitstamp the result is very satisfactory, they take 0.0001 BTC when transact.

The reason why poloniex only charges a small amount per withdrawal is because they're doing batch transactions because that miner fee is for a fast individual transaction.

maybe this small exchange doesn't have that much withdrawals so if they do batch transaction, the waiting time to sign them might take longer than expected as they will wait

until a certain number of withdrawals is meet. on the othe hand, big exchanges like poloniex is used by a huge number of people so withdrawals are piling faster so theres really

no problem. in my opinion they should still do batch transactions and just lower the number of withdrawals in a certain transaction

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September 07, 2017, 08:50:57 AM
 #183

google tells me that bitgrail is a small exchange!
if you paid 0.0013BTC in fees then there is nothing you can do about it, you can complain to that exchange why they are taking that big a fee from you. or stop using it and use another exchange that takes a smaller fee for withdrawals. for example i heard that poloniex and bitstamp are taking 0.0001BTC fee!

really, if we use poloniex and bitstamp very small transaction costs, we better use poloniex and bitstamp so that we do not always harmed at the time of transaction. my friends have also used poloniex and bitstamp the result is very satisfactory, they take 0.0001 BTC when transact.

The reason why poloniex only charges a small amount per withdrawal is because they're doing batch transactions because that miner fee is for a fast individual transaction.

maybe this small exchange doesn't have that much withdrawals so if they do batch transaction, the waiting time to sign them might take longer than expected as they will wait

until a certain number of withdrawals is meet. on the othe hand, big exchanges like poloniex is used by a huge number of people so withdrawals are piling faster so theres really

no problem. in my opinion they should still do batch transactions and just lower the number of withdrawals in a certain transaction
People create their own problems. It seems to me that it is the task of those on whom the future of bitcoin. For a long time many users raise the issue that the fee per transaction is too high. This negatively affects the development of bitcoin. It is difficult to arrange automatic generation of a package?

 
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Smarty14392
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September 12, 2017, 09:33:48 AM
 #184

Hi ,

You can use Wallets Instead like coinpayments which only charge 0.0002btc as transaction fees , There may be some other bitcoin wallet with lower fees .
There are also some bitcoin trading platform which take Low charges .

So You have many options .


No doubt that different exchange site and wallets have their own rates of charges but I think the fee changes with the amount. 0.0002 Btc is an okay fee but for how much transacting amount? Also, I think the charges are getting better with time.
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September 14, 2017, 03:51:59 AM
 #185

Hi ,

You can use Wallets Instead like coinpayments which only charge 0.0002btc as transaction fees , There may be some other bitcoin wallet with lower fees .
There are also some bitcoin trading platform which take Low charges .

So You have many options .


This only works if you want to keep your bitcoin in your own wallet, but once you put your money in an exchange then you do not have any option but to accept their fees, and it seems some exchanges are charging very high fees, I think this is to avoid having a bad reputation about their transactions taking too much time, but now people are going to complain because of the high fees.
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September 14, 2017, 02:42:50 PM
 #186

Hi ,

You can use Wallets Instead like coinpayments which only charge 0.0002btc as transaction fees , There may be some other bitcoin wallet with lower fees .
There are also some bitcoin trading platform which take Low charges .

So You have many options .


This only works if you want to keep your bitcoin in your own wallet, but once you put your money in an exchange then you do not have any option but to accept their fees, and it seems some exchanges are charging very high fees, I think this is to avoid having a bad reputation about their transactions taking too much time, but now people are going to complain because of the high fees.

There are exchanges that really charges high fees but for me they are not to blame why they are act like that. In the past, they should transaction fees but because bitcoin network become congested all things have changed.

As long as Im getting the right service and able to take advantage of the exchanges features, I don't mind paying $5-$10 and besides Im not doing a micro transaction to save fees.
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September 19, 2017, 04:54:08 PM
 #187

google tells me that bitgrail is a small exchange!
if you paid 0.0013BTC in fees then there is nothing you can do about it, you can complain to that exchange why they are taking that big a fee from you. or stop using it and use another exchange that takes a smaller fee for withdrawals. for example i heard that poloniex and bitstamp are taking 0.0001BTC fee!

really, if we use poloniex and bitstamp very small transaction costs, we better use poloniex and bitstamp so that we do not always harmed at the time of transaction. my friends have also used poloniex and bitstamp the result is very satisfactory, they take 0.0001 BTC when transact.

There are drawbacks too on using Poloniex as a wallet.
My first time I bought goods directly with Bitcoin almost ended as a disaster. I transferred from Poloniex. They need some time - sometimes shorter, sometimes longer - to get together more withdrawals and make one bigger transaction. The payment processor had a countdown and Polo didn't do the send in that fixed time. So my transfer was not registered.
I had to talk with customer support at seller and at payment processor, spend 1-2 more days and, with some luck, it was solved. However, all the next transactions when I bought things over internet I made directly from wallet and they went on very good.
And with today's fees like 40 satoshi/byte it's again better (and safer) to keep money in your wallet imho.
That is something that is very common and when you do not have experience in the bitcoin world this can happen to you, that happened to me but with a gambling website, I was gambling a little bit just to make use of my bitcoins and then I wanted to buy something, I thought that I could save in fees by sending directly from my gambling wallet but I did not realize that withdrawals were not automatic and I needed to wait several hours to send my bitcoin, by that time the seller was getting impatient and began messaging to find out what was happening, at the end everything was resolved but I was embarrassed by my ignorance.
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September 19, 2017, 05:02:02 PM
 #188

Well I feel that the transaction fees is completely on you. It's up to you wheather you have to pay more fees for faster confirmation. You can also pay a very less fees like 0.11 USD approx for a transaction to confirm. But that will take a very long time to confirm. But you can take his help for boosting your transaction. https://bitcointalk.org/index.php?topic=2114273.260
He actually helped many people who were facing the problem of late confirmation

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October 19, 2017, 08:04:18 PM
 #189

Well  you should try to understand , more fees  = more quick your transaction get confirmations ,at the same time hurts so much because bitcoin price is up  , a fee valued in 5 $ could be 10$  in months , try sending a ticket to the support  .
oh wow
I didn't know that speed depends from price  Cheesy
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October 20, 2017, 10:57:00 AM
 #190

It is not only bitgrial that have high transaction charge even bittrex charge much as well when someone is transferring bitcoin. what I do after exchanging what ever I want to exchange I use the bitcoin and buy dogecoin and transfer it to another exchanger because transferring dogecoin do not attract much transaction charge.
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October 20, 2017, 11:58:42 AM
 #191

Bitcoin rises very drastically and this makes the fee for the transaction also increased. a very high cost of 0001 for the transaction.
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October 20, 2017, 12:13:27 PM
 #192

Well, there are many exchanges that asks for a higher fees in transacting your funds onto your wallet it is sad that they wanted so much fund on your part but it is part of their service. The exchange that I use most is hitbtc and the only fee is 0.0004 btc. That is the flat fee and I think it is so humane on that fee versus the fee from your exchange Cheesy




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October 20, 2017, 12:26:44 PM
 #193

there's nothing you can do about that, if you want you can sign a petition to that exchange to lower that fees lol 😂. Maybe next time you should choose the right exchange some are just juicing traders now.

Sometimes I don't withdraw in bitcoins sometimes I trade my digital assets to ethereum to take advantage of low fees.
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October 20, 2017, 12:33:01 PM
 #194

I think this is not right having to not be lower the fees despite the price of btc getting high there is some suspesious about this fees maybe have another client to have transaction with

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October 20, 2017, 01:27:29 PM
 #195

google tells me that bitgrail is a small exchange!
if you paid 0.0013BTC in fees then there is nothing you can do about it, you can complain to that exchange why they are taking that big a fee from you. or stop using it and use another exchange that takes a smaller fee for withdrawals. for example i heard that poloniex and bitstamp are taking 0.0001BTC fee!
That is big for a small exchanger. Bittrex withdrawal fee is 0.001. Cryptopia is about 0.0015 but they are all big exchangers. Most exchanger fee is about 0.001. i like to exchange directly using flyp.me. No registration needed. the fee is about 0.001. It is realtime exchanger, you can exchange eth, litecoin, and some tokens. That is an easy way to exchange quickly. exchange from trading site need some steps like phone or email confirmation.
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October 20, 2017, 02:53:34 PM
 #196

All exchanges have big transaction fees. I am using bittrex for trading and after I gave them 0.001 Bitcoin they told me that it will cost me 0.001 bitcoin the withdrawal fee. So I am obliged to do some trading although this is not my preferrence. What I found is that if you exchange your bitcoin to other alt-coin and withdraw that altcoin it will cost you less. For example the dogecoins, their withdrawal fee is 1-10 dogecoins. they you can exchange the dogecoins to biotcoin at changely, for example (I do not know the withdrawal fee at changely).
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