Bitcoin huge fees

[Drnice]

now i make a transction For 9$ i pay 3$ fee in blockchain.info
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks

It's so annoying when I made a transfer using from coinbase to bitrefill and I made a 3$ transfer and I was charged 4$ as my transaction fee from coinbase. It made me so crazy when I saw this.

[ohlawdy]

now i make a transction For 9$ i pay 3$ fee in blockchain.info
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks

It's so annoying when I made a transfer using from coinbase to bitrefill and I made a 3$ transfer and I was charged 4$ as my transaction fee from coinbase. It made me so crazy when I saw this.

This is why i think btc won't make it as a currency,  just something that will hold value for people.

[cramcram21]

Yeah the fee for every transaction is getting high,
You couldn't really have a small transaction at the moment because of the fee's.
For example you are going to send about 0.003 the fee that you have to pay is about 0.001 BTC.

[AGD]

https://bitcointalk.org/index.php?topic=2142770.0

[USSENT]

First of all, your TX isn't the default type of transaction if the fees was 0.001 BTC at that time, The default TX size of ~200 bytes can easily be covered with 0.0001-0.0003 depending on how quicky you need it confimed, using blockchain.info, You can set whatever fees you like and hence can decide the lowest possible if you can wait,
Also, I used Shapeshift before and the difference between BT and their price for DOGE was just few satoshi's (around %5 or so at the time) which was reasoanable, not sure if they deteriorated or if you were using a high exchange value for your calculations.

[kucritt]

Yes, its true  transaction fee right now is too high, yesterdey i sent 0.01 biycoin into my wallet and i got some 0.001 fee its mean that bitcoin take my 10% just gor the fee, and some from exchanger take 0.001 per transactions

[Shinpako09]

Yeah, the fee is too high even the low prio transaction cost $3-$4.But that's one thing that we need to accept in btc especially now the price is getting higher. We can't do anything with that but to accept it. Eventually, it will get even higher.

[Drnice]

now i make a transction For 9$ i pay 3$ fee in blockchain.info
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks

It's so annoying when I made a transfer using from coinbase to bitrefill and I made a 3$ transfer and I was charged 4$ as my transaction fee from coinbase. It made me so crazy when I saw this.

This is why i think btc won't make it as a currency,  just something that will hold value for people.

Yeah,  that's true, bitcoin is only holding value for people. And a time comes when the fees of transactions becomes too high then there might be a problem with the survival of bitcoin .

[mrayazgul]

Huge fees keep most people from dealing in the blockchain and that's a good thing.
Most people don't know the proper way to construct through TX and that's why they're dealing with huge fees. And that's just fine. It separates the men from the boys. Anyone that doesn't know how to construct their own Ash sign them off verify them and send them to the network it's to not be dealing with Bitcoin now.

Tell me if you think about it we are three to four years into the process and people still don't know how to send these things properly. I agree with you on high fee issue but then we compare the fee with conversion it to USD, and thats where we find bitcoin tx fee so high.

[s31joemhar]

why are the exchangers fees too high today because bitcoin's price is too high today?

[Kaller]

why are the exchangers fees too high today because bitcoin's price is too high today?

No. It only has to do with the volume of Bitcoin transactions around the world. The more transactions there are around the world, the higher fee we must pay in order for it to get mined.

[Victorycoin]

Stop complaining, just send larger valued transactions to take advantage of the platform. Instead of transmitting 10$ transactions, transmit 10,000$ transactions like everybody else on the blockchain. Come on, get with the program!

Most complaining about the large fees every transactions. This happen transactions fees become expensive because of the bitcoin value is rising. But some said and hope it would be corrected. Well, let's see and hope then.

Rising Bitcoin price has little or nothing to do with the scary transaction fees we are getting to pay these days. A good line of argument is that much more people have adopted Bitcoin, so the network is seemingly biting more than it can chew, so the system gets clogged and slow down overall activities!

[ObscurePen]

Yes, the fees are much higher than usual. Bitcoinfees21 says that the fastest and cheapest transaction fee is currently 300 satoshi per byte. This is much larger than what is was previously.

I remember, yesterday I had to pay 2 dollars for a 6 dollar transaction fee. Way too much! But, I SegWit has worked. Fees are lower than the previous 420 satoshi per byte. So that is a relief.

But the main reason for the higher transaction fee is because Bitcoin miners are switching to Bitcoin cash. They are mining Bitcoin Cash as it is currently easier to mine and more profitable than Bitcoin. But we seem to be getting most of hash power back today. Perhaps fees will drop soon.

[BigBall]

Yea  bitcoin have really big  fees but I heard that in the november it will be hard fork and I hope that this will be some kind of change which will decrease bitcoin transaction fee but I dont have much informations about that but still bitcoin is for me better than some fiat wallets because you dont need to give some your own private informations what is really good to protect your private informations,I prefer you to use smaller transaction fee even if transaction speed is slower because you save more money with that way.

[AGD]

Yea  bitcoin have really big  fees but I heard that in the november it will be hard fork and I hope that this will be some kind of change which will decrease bitcoin transaction fee but I dont have much informations about that but still bitcoin is for me better than some fiat wallets because you dont need to give some your own private informations what is really good to protect your private informations,I prefer you to use smaller transaction fee even if transaction speed is slower because you save more money with that way.

You don't know, what you are talking about. Fee is actually pretty low:

https://blockchain.info/tx/3f7832c09687497feef130c6a271c8dda9b5e74d5c8f558ad07428c98273dac7

2.5sat/b is nothing you should worry about.

[949miner]

A few minutes ago i made a transaction and i only payed 0.0008 of fees, worth $4 aproximately,
They are low than a week before, maybe this is because of bitcoin dump.
But it took five minutes to receive the first confirmation, and it received six confirmations after 45 minutes.
I think it is taking less time right now, looks like the blockchain in less saturated at the moment.
Those are good news i guess

[AGD]

A few minutes ago i made a transaction and i only payed 0.0008 of fees, worth $4 aproximately,
They are low than a week before, maybe this is because of bitcoin dump.
But it took five minutes to receive the first confirmation, and it received six confirmations after 45 minutes.
I think it is taking less time right now, looks like the blockchain in less saturated at the moment.
Those are good news i guess

Strange. I paid 2 cents : https://blockchain.info/tx/3f7832c09687497feef130c6a271c8dda9b5e74d5c8f558ad07428c98273dac7

[stompix]

Huge fees keep most people from dealing in the blockchain and that's a good thing.
Most people don't know the proper way to construct through TX and that's why they're dealing with huge fees. And that's just fine. It separates the men from the boys. Anyone that doesn't know how to construct their own Ash sign them off verify them and send them to the network it's to not be dealing with Bitcoin now.

So preventing people from using the blockchain is a good thing.
Then how about this, we write the miners a few letters about this miraculous idea , they set the minimum fee they will accept tx at .. let's say 50 000 satoshi/byte and everybody will be happy.

When I see acting so high and might it makes me wanna puke.
How about we stop people who don't understand how a train works from boarding one? Or flying a plane?
Or everybody who doesn't have a clue about the difference between gsm and cdma from using a smartphone?
 

[Emworks]

now i make a transction For 9$ i pay 3$ fee in blockchain.info
shapeshift charged me to change 20$ from ethereum to bitcoin 10$. 50% commision ! nasty greedy company.
the fees in bitcoin are way higher than banks

Even though they show the transaction fee, you don't have to accept it and proceed, you have the ability to adjust it so that you pay slightly lower fees. And this high fees was to be expected because the value of bitcoins rose.

Regarding on what you said.about the adjusment of transaction fee, im really wanted to adjust the fee,but im afraid it might get stuck at the middle of the confirmation..do you have any link how to set a correct fee for a particular transsction?

[BITDV]

the cost of bitcoin transactions would be more expensive because the selling price of bitcoin is expensive, but greed will always exist in every human being and all companies that are owned by humans large cost of transaction also may affect with the transaction speed and security