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Author Topic: High transaction fees !  (Read 1327 times)
Praesidium
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August 30, 2017, 04:41:58 PM
 #41

This is the frustration about Bitcoin, as the price of the bitcoin increases so do its' transaction fees. It is pain in the ass to transfer bitcoin almost 1-2$ fee is needed to transact. I can buy something might be useful. Hopefully in the future the transaction price will drop to decimals
AGD
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August 30, 2017, 04:52:26 PM
 #42

This is the frustration about Bitcoin, as the price of the bitcoin increases so do its' transaction fees. It is pain in the ass to transfer bitcoin almost 1-2$ fee is needed to transact. I can buy something might be useful. Hopefully in the future the transaction price will drop to decimals

This is a lie!

Bitcoin is not a bubble, it's the pin!
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August 30, 2017, 05:01:20 PM
 #43

Hi all, haven't posted here in a while... Just noticed how high the transaction fee is now, $5 for a small transaction with blockchain.info Any ideas if the transaction will still get verified with a $0.2 fee... I only want to transfer $10 to one of my other wallets

I guess the transaction will get verified with a lower fee but it would take an hour, the moment that I noticed the high fee I was getting lightly irritated because it would spend a certain amount of satoshi which is much larger that the amount that I was going to transfer to an external bitcoin wallet . And that is the reason why I don't transfer to exchanges and trade because it would be so much expensive from the moment you deposited your money to the moment that you are going to withdraw .
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