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Author Topic: $13 fee to transfer $600 in bitcoin  (Read 375 times)
blackcoiner
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November 14, 2017, 12:48:24 AM
 #21

Man fee's are nothing compare to your profit. How can you achieve what ever goal you set if a small fee is already too much for you. patience is the start of being reach so wait bruh.

It's not necessarily about the fee's you have to pay, it's "just" 13 bucks (which is still a lot for a tx of course). But it illustrates btc can't compete with other payment systems right now, if ever.

Because you think bitcoin is currency which is not. Bitcoin is money maker in short term....the profit from trading is bigger than just 13$.
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richardsNY
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November 14, 2017, 12:58:51 AM
 #22

Is a bad fee but is necessary

How do you know that? OP hasn't shared anything regarding his transaction aside from the fiat value. Do you know that fees also depend on the byte size of each transaction? The higher the byte size (i.e. the more block space it requires), the higher the fee will be in order to get yourself a relatively quick first confirmation. Does that make sense? It's not like all transactions require the same minimum fee. If that was the case, there would be a whole lot less complaining going through this forum and on social media. Fees look high/low depending on the transaction value. $10 fee looks massive when you send $100 worth of Bitcoin, but in the same way, a $10 fee looks peanuts when you send $10,000 worth of Bitcoin.

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November 14, 2017, 01:36:51 AM
 #23

This is a common problem. For example, when the Bitcoin price rises, the usual unit costs only 5 dollars, the coral rises to 13 dollars. Not just Bitcoin, this applies to every coin. Fee will continue to rise if the value of the coin rises. If you feel that Bitcoin fees are up, use another coin (like Doge, ETH) that has a small fee.

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November 14, 2017, 01:43:45 AM
 #24

Oh my, yes I expereince this too just this moment, I have to pay a friend with $3 for the service he rendered to me but what the heck is this fee $13 from my online wallet will.be charge to me. It makes me cry now. Fee is 400% higher than my sending money Sad
So what will be good? Send now money or take a little later for this so it lower the price?

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November 14, 2017, 01:51:01 AM
 #25

This is a problem that is only getting worse and there is no solution in sight. If the price of bitcoin is going to head to $500k like the "experts" say... It is going to cost $500.00 to send 1 Bitcoin. This is going to leave the small/dust wallets and faucet players dead in their tracks.

Someone will need to run an off-chain transfer service that works, for bitcoin to succeed and be attainable for the small guys.


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November 14, 2017, 02:18:57 AM
 #26

if the $13 fee is too high for you then you can find another wallet that could applied for the fee which is less than $13 but you need to wait until 3 hours. i think i don't have any problem if i should pay $13 because i still have $587 in my bank account and i considering $13 is for the charity for the blockchain because blockchain is helping me to make my transaction is sending with fast. when i check in my mycelium wallet, if i want to make transaction with 0.09, the normal fee with estimated transaction is 30 minutes with the smallest fee is $9.60, more less than the fee you should pay because in mycelium there is many option on how much you want to pay the fee. so its depend on you, how much fee you want to pay for the transaction.
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November 14, 2017, 02:22:07 AM
 #27

well, i guess it's too high. maybe using another wallet can make you manage from the transaction fee you have. maybe like using electrum wallet, or other desktop wallet. if the fee is around $ 13, I think it's really a disservice.


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