Bitcoin transaction cost is too high

[Sandra999]

Bitcoin transaction cost have even reduced compared to 2017 when the cost was very high. However, the cost is still too high as well. Its best to convert bitcoin to other altcoins that have lower transaction costs. I believe with time, bitcoin would be improved on and the transaction fee would be lower

[1715011993]

1715011993

[1715011993]

1715011993

[1715011993]

1715011993

[yoshua27]

if you have a large nominal transaction then the transaction fee is also large

[darko.bountym]

Just convert it to ethereum and then withdraw

[OrangeII]

Bitcoin transaction cost have even reduced compared to 2017 when the cost was very high. However, the cost is still too high as well. Its best to convert bitcoin to other altcoins that have lower transaction costs. I believe with time, bitcoin would be improved on and the transaction fee would be lower

for now payment in terms of bitcoin transactions, or cryptocurrency is quite expensive. maybe this is influenced by the high price of bitcoin, or ETH. besides, so many people started to make transactions, so I think it's fair if the payment is quite expensive.

[lehuong]

The strength of bitcoin is low transaction fees and this makes bitcoin more convenient for investors and truly attractive to investors.
Bitcoin transaction cost is too low

[btccointalk]

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

Even I wish for a reduction in transaction price. It is too expensive.

[dgoswami12]

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

It is right that bitcoin transaction are charges are high than most other cryptocurrency. But if you are talking to withdraw bitcoin from any exchanges that is not the true transaction charge , i think if blockchain is not so congested , bitcoin transaction charge is something between 0.00003 to 0.0001 btc ( dont know the exact amount) . But for Ethereum and erc 20 tokens transaction charges are mostly 0.0005 eth if network is not congested , sometimes it may go up to 0.002 eth depending upon network congestion whereas the transaction charges of litecoin is more less , for dogecoin 1 DOGE and that of NEO or GAS are 0. So i always prefer to withdraw in NEO or GAS and if that exchange dont support these currencies then in LTC or DOGE.

[dgoswami12]

The strength of bitcoin is low transaction fees and this makes bitcoin more convenient for investors and truly attractive to investors.
Bitcoin transaction cost is too low

Really do you think so , i think there are thousands of altcoins whose transaction charge is much lesser than btc , even the transaction charges for NEO and GAS are zero.

[SnapDown22]

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

I think it has become a common thing if the transaction costs are high because the price is also high, maybe it has become a risk of investing with bitcoin, which is the most important, take advantage of opportunities that benefit

[Cryptocb]

Every transaction has a price to pay, which all determine the amount of transaction you want to made, even the bank charges fees, therefore I think the bitcoin and other alt-coin charge fee as gas.

[dgoswami12]

Every transaction has a price to pay, which all determine the amount of transaction you want to made, even the bank charges fees, therefore I think the bitcoin and other alt-coin charge fee as gas.

Thats right but when you want to withdraw assets from any exchange they charges tremendous fee like for eth the most exchanges charges 0.005 to 0.01 withdrawl fee but if the network is normal then eth transaction fee is 0.0001 eth and if the network is congested it may take 0.001 eth fee , but the withdrawl fees are massive compared to this . For solution there has neo and gas have 0 transaction fees i think thats why these coins are becoming very popular.

[AngryWhiteWolf]

The strength of bitcoin is low transaction fees and this makes bitcoin more convenient for investors and truly attractive to investors.
Bitcoin transaction cost is too low

Actually, biggest weakness of BTC are high transaction fees and transfer duration. Miners are the only people happy with this.

[dgoswami12]

The strength of bitcoin is low transaction fees and this makes bitcoin more convenient for investors and truly attractive to investors.
Bitcoin transaction cost is too low

Actually, biggest weakness of BTC are high transaction fees and transfer duration. Miners are the only people happy with this.

Yes completely agree but now in market there are a lots of alts coming with much less transaction fee and transaction time . I like the graphene based blockchain the transactions are really fast and smooth also fee is also not too high.

[Dessy Nurvianti]

This is indeed problem in every transaction. How to reduce it? How to buy bitcoin at low price and get the profit very high? This problem burdensome every newbie who want to learn bitcoin. What's your oppinion?

[DarrinEspacio]

Yes it is right and it is one of the big barriers in the way of bitcoins popularity but i think within a short time it will be reduced and make our transition easy.

[davydovsa]

It depends on number of other transactions happening at that time. You can try later for less fees.

[martinkay550]

Try to avoid bitcoin when doing fund transfers. Waves and Litecoin are a great substitution.

[Aponkye1]

Yeahh this has been the concern of several people in this community and i seriously believe something should be done about it in the shortest possible of time since is a contributing factor to the reduction of price in bitcoin.

[Afnan_faizah]

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

I think this is the impact of blockchain bloat, where too many previous data in blockchain while many more new data that being included now and in the future. Correct if I am wrong, but I guess thats what makes bitcoin transaction cost is too high. So its related with mining activities.

[armeniimu]

You can try alt coins in that case. ETH and litecoin should be cheaper for this purpose.