Bitcoin fees make me angry

[keycellko]

Yes i feel you. I hate the fees that's why i don't convert as much as possible. I hold my btc and convert only when there's an emergency or if i ran out of money. Someday it'll be better. We'll just hope it will. Sigh.

[sunsilk]

Not only you people are angry about the fees. I know that 2 USD is quite cheap for those whales out there and for those average bitcoin holders.

You may say that it's not too much but for me and to other people who are holding a very few amount of bitcoin, the fees now are really high and I can't transact when it's too high.

I remember that I had to transact and pay almost $20 just for my transaction to get confirmed. 

[eaLiTy]

With the price of bitcoin above $7000 we are paying well close to $5 on an average to get the transaction going if you want faster transaction the price will increase further,it is being like this for sometime and sadly there is nothing we can do unless we hope that there will be a time when the network could handle everything smoothly with lower transaction fees. With the transaction fees so high it is hard to imagine using bitcoin for smaller transactions like we used to do in the past,it is only good to carrying out big transactions.

[Mei1418]

what's going on with you ??, do you want to buy bitcoin while the price always goes up or vice versa ?, or what actually makes you angry with the bitcoin cost ??

[NerdYale]

Now this has became a disadvantage for bitcoin. I think its time we shift to another coins (eth preferably) that has still low mining/transaction fee. Its like you if you convert your small amount if bitcoin, you could even end up getting only half of it, and half to the transaction fee.

[SastraID]

4.5$ actually not really high cause many exchanger have crazy fee
0.002 bitcoin pertransaction,, yeah that make me angry 

[Yukyzu]

there are wallets making high transaction costs are also low. high or low transactions will affect the quality of your transactions. the higher the transaction costs you spend then the transactions that you do will be faster, and vice versa.

[wantjokull]

Yup, fees are killing everything very badly. Its also not the same every other day from what I have observed since last week. Many of the transaction that I’m doing from my personal account are taking more than 6-7 hours upto 24 hours for some of them after paying the “Normal” fees also. This is ridiculous to see how this may get worst in the future. This might be due to more competition and hence more difficulty in finding the blocks. However, I’m afraid that prices of the bitcoin could also be one of the reason fro this. The fees are always dynamic and paying higher fees also won’t do much good and they will result in successful transaction after 6+ hours only. This is clear that its the difficulty that these guys are getting or may be something else I don’t know but its not good for small transactor like me.

[daight]

in my case I always make fee of my transaction is 120 satoshi/byte and almost 1~2 hours to get 1 confirm this is cheapest more than exodus wallet fee, I think not below 110 if below that transaction gonna be long

[DBronze98]

What the hell ?

LOL, it is normal for bitcoin high values to be higher than expected to ensure that transactions are smooth and profitable for each withdrawal.

[pushups44]

I agree that the fees are too high. Hopefully they will go down as bitcoin scales. I suppose there is both a positive and a negative to this, as rising fees are an indicator of rising demand. However, for bitcoin to become mainstream, the fees will have to drop substantially.

[kqyyzmlc]

If the number of bitcoins you use to transfer is less than 0.0 x, the current transfer fee is really high because the price of bitcoin is really high. The transaction fee is the same whether it is 0.001 or 10, so it is very inconvenient now. I hope there is a good solution.

[chuckblocker]

It's going to shit quick. I paid 5$ for a 10$ transaction yesterday and still didnt get confirmed 1 day later... LMFAO, that's 288 sat/byte

https://blockchain.info/tx/470eed8c0118e02d8b3accec1a3b041fb32683496f7cf33e33234a29d29e2fbf

Now they are asking 8.77$ / 580 satoshis for priority, blockchain.info.

So yea, bitcoin is dead for microtransaction. And anything below 250$ is considered a micro... LMFAO again.

Good riddance, can't wait for it to go back down to 450$ or die already. Perfect money here I come again after years.


Ooh, and I f***g miss Liberty Reserve. Too bad feds killed it to make way for this bitcoin garbage.

[trinketmage]

Transaction fees are way to high for Bitcoin. It´s a problem, and the devs should fix it asap.

[chuckblocker]

https://blockchain.info/charts/mempool-count?timespan=24h

Noone paying those "priority" fees so mempool just becomes more jammed up by the minute. It was at 80k or smth unconfirmeds 10 hours ago, lol.

just name it whalecoin already

Sucks for those who tried getting out @ 7400-7700 values. Not get any confirms and value now is 6392$. So 1k drop in value while waiting for confirm and going down still. Hahaha, really sucks for those panic sellers.

[CryptoClown]

Gone were the days that we can send bitcoin funds with zero transaction fees. I guess we should anticipate that the more it gets popular, the more fees we need to pay for the blockchain.

[ramsdaj28]

What the hell ?

Bitcoin transaction fee changes from time to time. In our country (GMT  +8:00), transaction fee is usually at its lowest early in the morning and at its highest during daytime. The best thing to do when you are trying to transact with bitcoin is to check the transaction fee at every point of the day so that you will be able to pay the lowest possible transaction fee later on.

Another thing, transaction fee varies in every wallet. There are some wallets that really require high transaction fee to accomodate the volume of transactions in their platform.

[ananas99]

What the hell ?

And you wanted to earn and not earn on you. Well, there is no price at the height of the prospect is, then the fees can be made good. And there is your business whether you should pay them or not. But after all, the fee changes with time, maybe you went to not the best time.

[deepika the crypto girl]

What the hell ?

Yes, the fees are pretty high these days, If you are making small transactions than the money you earn is only slightly more than the fees paid. I think using altcoin can be a good alternative to lower the transaction cost.

[jilani]

What the hell ?

Fee 4.51 USD This is really disappointed thing because Bitcoin transaction fee is more high.I think should price will be reduce after that people feel to comfort in BTC transaction.Otherwise it's very difficult to carry high transaction fee.