Bitcoin transaction cost is too high

[TrunksIsHere]

The fees are just to high ( . Even Trunks can't do something about this . But I have hope , cause bitcoin will calm down with this crazy price I'm sure.

[Ais08]

I think if the fee is too expensive does not matter, if it accelerate the delivery transactions, and certainly in every exchange or wallet that is used often too long to process the transfer of funds, I hope in the future all exchange and wallet can speed up all the process of sending funds in any case. .

[DeadCoin]

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

Yah. Its too high. I had to spend .001 bitcoin for transaction. Transaction fees .001 bitcoin is too much though bitcoin price is high. But transaction fees differ between wallets. i had to go through the FAQs of few wallets. Coinbase wallets transactions fees are higher than any other wallets fees.

[MSdosOutput]

In comparison to sites transaction cost, bitcoin is too high. So, the authority should consider the rate.

[apvmoreira]

If you are in the trading business, do you think changing bitcoin to doge, transfer doge and buy bitcoin again, is good to avoid fees?

[bs9]

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

Yes bitcoin transaction fee increaseing day by day.I think bitcoin never reduce there fee because bitcoin user increased more and there transaction increased more.So best way to convert bitcoin other coin and stop to pay high tx fee

[MostHigh]

I will expect the transaction prices to go high as the prices of the coin go high as well. The transaction prices are also dependent on areas you are trading or agencies you trade with so you need to check the prices before you trade

[hynext]

What I know it's because the priced of bitcoin. But I reading your posts and other blog bitcoin transaction fee is too high. I supposed transaction fees is lower. We like bitcoin because it has a lower fees but nowadays, the fees are too high. I hope they fix it so that we enjoy the ride.

[removebeforeflight]

As the value of bitcoin increase, I think the transaction fee also increases. But I still don't see the logic on it, how come price of sending bitcoin is much higher than before? Can anyone enlighten me?

Bitcoin transaction fees is calculated in percentage with the current currency value of that particular day we transact. If Bitcoin value is high, obviously the transaction fees also would be high.

[Mr.Dick]

I think we should face the fact bitcoin is not anymore usefull for small transactions, and in my opinion this phenomen will continue because the mining efforts increase.
I think bitcoin will develop as high value currency ( e.g. for buyiung a car or house) while altcoins will used for common small payments (grocery etc.)

[pginvest]

There is a lot of demand to process transactions, supply and demand - the network can handle so many transactions at a time and the higher paid transactions get priority with miners. Supply and demand is also driving Bitcoin prices. If you are buying a cup of coffee don't pay with Bitcoin right now. If you want to buy Bitcoin as an investment - you don't mind the transaction charges so much.

[Meego821]

yea today i tranfer little bit of bitcoin and i was surprised how high fees are

[winspiral]

If fees keep up growing,it will be end of bitcoin.

[StonedWolf]

Of course it is, personally and even with using the blockchain wallet which id qualified as the one having the lowest fee value according to what I am reading in this forum. While, the value of the fee seems to me very high, for example to send 100 american dollar, I need 15 more dollar as a fee. However, I think that this is due directly to the elevation of the bitcoin value.

[AldenGreen]

Yikes but it is more ok now that later 4days this is because of high demands and big transaction in bitcoin, i wish some bitcoin forks will change this dilemmas for the good of all

[rathaha10]

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

Yah. Its too high. I had to spend .001 bitcoin for transaction. Transaction fees .001 bitcoin is too much though bitcoin price is high. But transaction fees differ between wallets. i had to go through the FAQs of few wallets. Coinbase wallets transactions fees are higher than any other wallets fees.

I heard that steam removed the option to pay with Bitcoins. They said that they did it because the fees were way too high it even got to 20 dollars. I also think that the Bitcoin fees are way too high. Just remember the days when the fees were low it was so cool back then.

[Snub]

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

Yah. Its too high. I had to spend .001 bitcoin for transaction. Transaction fees .001 bitcoin is too much though bitcoin price is high. But transaction fees differ between wallets. i had to go through the FAQs of few wallets. Coinbase wallets transactions fees are higher than any other wallets fees.

I heard that steam removed the option to pay with Bitcoins. They said that they did it because the fees were way too high it even got to 20 dollars. I also think that the Bitcoin fees are way too high. Just remember the days when the fees were low it was so cool back then.

just remember not enough...we need to live on and deal with bitcoin...and how to do this with such fees?

[yoseph]

Because of the current transaction fee involved with bitcoins, people are no longer investing into bitcoins like they used to do because they have to pay the cost of the transaction fees as well and in most cases it goes all the way to $13 and that even takes a while to confirm.

[R21]

It's a kind of problem for bitcoin transactions, we can hope bitcoin authority take a good step for this kind of problems.

[crytomusica]

It's a kind of problem for bitcoin transactions, we can hope bitcoin authority take a good step for this kind of problems.

Actually that is the biggest problem that bitcoin has and I think it will effect it future. Only for reason, some another strong coin can come eventually and beat bitcoin.