♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨

[ShortCoins]

That's only $1.70 at current price

You are the first person I have heard say the fee is under $2. Can anyone else confirm how much the fees are right now? I thought much higher

[Freddy Mercury]

That's only $1.70 at current price

You are the first person I have heard say the fee is under $2. Can anyone else confirm how much the fees are right now? I thought much higher

Use ETH 

[Kossa]

ETH is also slow nowadays. Kitties were enough to kill the network
I think that LTC is now the quickiest way to send money. I have never waited more than 10 minutes to transfer them. Fee is also very low and all exchanges accept LTC. BTC has never been meant to allow many transactions. I do not know if it is even possible to increase its capacity to the level of VISA or MasterCard.

[amaydel]

We could not deny bitcoin fees is quite high because of its market price. Exchange market for instance would ask such amount for the blockchain transaction you made so i think it's better to transact big than transact a little amount where almost half of the amount being transacted goes to the charge fee.

[Bukx]

90% of all bitcoin owners have less than 0.1 BTC each

the fees to transfer $100 worth of BTC cost around $25. that is outrageous

that means 90% of the owners cant even afford to transfer their coins without losing a lot of money

I was worry with this fee and very long transaction. What will happen if those two thing continue happening?
It will affect to bitcoin itself about price. Marketcap also will decrease if it continue happening in future.

[cipher-x_09]

Yeah definitely the fees are just too much it even costs much higher than transaction of other remittancebor money sending firms. Which is why it's hindering the growth of price of bitcoin because its a bit of discouraging especially to its users who have been with bitcoin for a long period of time.

[heureca]

90% of all bitcoin owners have less than 0.1 BTC each

the fees to transfer $100 worth of BTC cost around $25. that is outrageous

that means 90% of the owners cant even afford to transfer their coins without losing a lot of money

Yeah, currently that's right. However, BTC is investment tool at present. I think it is not used for payments. It is like a gold - you will never pay with gold

[Anniee123]

Too expensive a fee will clearly hinder further development of bitcoin, such as small payments, trading speeds and so on. I believe the community will solve this problem in the future.

[mpgalloo]

alta, ridicula, btc vai morrer assim.
BCH E OUTRAS COIN DE FORK DOMINARAM

[Manchumichael]

90% of all bitcoin owners have less than 0.1 BTC each

the fees to transfer $100 worth of BTC cost around $25. that is outrageous

that means 90% of the owners cant even afford to transfer their coins without losing a lot of money

Yeah, currently that's right. However, BTC is investment tool at present. I think it is not used for payments. It is like a gold - you will never pay with gold

Some exchange wallets like XAPO even worst than others their transaction fees much higher than electrum or blockchain wallets. They used to be free long back but their charges are very high so I almost stop their wallet using.

In general, if this continues like this then many small amount transactions will shift to other altcoins like ETH or LTC.

[OriginTrain]

Agreed. The "store of value" arguments are mostly nonsense and an attempt to sweep the issue under the rug. Bitcoin was designed to be "the" peer-to-peer digital, decentralized cash system, and if it can't become this then more competent development is needed. Other coins can do it, I see no reason why bitcoin can't. Even if a hard fork is required, if the exact same balances of all coins are retained with no pre-mining, I can't see why this would be an issue.

[Joshucus]

That is ridiculous but faucets and deposit sites have to make their money one way or the other just the way life works...

[dawoodkhan97]

If this issue is not resolved any time soon
Bitcoin will be replaced by a superior coin
with better features and that has the solution
for the current problems.

It is a grave issue as what good will Bitcoin do
if a normal person can't use it to transfer money.

[oviudiu]

90% of all bitcoin owners have less than 0.1 BTC each

the fees to transfer $100 worth of BTC cost around $25. that is outrageous

that means 90% of the owners cant even afford to transfer their coins without losing a lot of money

I feel bad for Mc Donald's, really bad. ) They are gonna pay more on BTC fees rather than the hamburger

[doublecoins]

Bitcoin fees are main problem every bitcoiner feel fees to be regulated

[RamBahadur.Gurung]

Bitcoin fees are main problem every bitcoiner feel fees to be regulated

Agreed. Almost everyone is bothered about it, and yet the core developers remain blind to this issue. Bitcoin is slowly losing the confidence of the users, and the alts such as ETH and BCH are using this opportunity to gain more users.

[Simonjonesfamily]

High transaction fees will kill bitcoin, but remember even if lots of people have stopped mining, there will be a difficulty correction to maintain the amount of blocks created. The cost problem is because people are mining as a business to make money. My understanding of the original theory was go use latent processing power.

[RawDog]

Agreed. The "store of value" arguments are mostly nonsense and an attempt to sweep the issue under the rug. Bitcoin was designed to be "the" peer-to-peer digital, decentralized cash system.

There is another system which is peer to peer cash.  No worries.  Just go use it.

[v3teran]

Totally agree the fees are a joke

[tokexchain]

90% of all bitcoin owners have less than 0.1 BTC each

the fees to transfer $100 worth of BTC cost around $25. that is outrageous

that means 90% of the owners cant even afford to transfer their coins without losing a lot of money

Litecoin, can send thousands of dollars for less than a penny....