Bitcoin transaction cost is too high

[MightyTulip32]

I also agree with this because there are other coins that offer more cheap cost instead of bitcoin in the case of transaction, transaction cost should be reduced.

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[Cryptrx]

I agree that the transaction cost of Bitcoin is very high where as Bitcoin and crypto in general were supposed to reduce the high transaction fees banks and other Institutions impose on customers.

[btcCoincart]

Until now everything about transaction fee is OK to most people. Oh by the way, this post is since December last year, in that time the transaction fee is still very high. But after blockchain upgrade, the fee now is easy to go

[keninu]

yes right, I also feel the same way. I think Bitcoin must make changes, transfer fees that are too high compared to other coins, make people sometimes lazy to transfer coins in the form of Bitcoin, and prefer other coins.

[vgk88]

I think that now fee in Bitcoin is not very high. The problem is that the commissions on  exchanges are much higher than the real commission in Bitcoin. The exchanges do not want to reduce fees.

[Herressy]

I think that now fee in Bitcoin is not very high. The problem is that the commissions on  exchanges are much higher than the real commission in Bitcoin. The exchanges do not want to reduce fees.

well too high fee but most of it is just make some strategy on it as of now it was never as high fee as we may encounter so make some strategy as of now when you already know the high fee on it make an effort of not always make some transaction on it.

[Denies]

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

with the value of bitcoin continuing to grow, the cost of each transaction will be increasingly expensive. this is normal, and what is happening now. the cost has returned to normal because the price of bitcoin is currently falling sharply.

[skidanchikbizon]

Undoubtedly the high prices for transactions in the network bitcoin is a big problem that needs to be solved. And the sooner the better for all of us. Only how to do this?

[adnandanish102]

This only happens in some wallets that their transaction fees are high but their merit is that, the transactions made in from these wallets are faster as compared to local bitcoin wallet.But if you convert your bitcoin to another currency like ethereum then this phenomena of high fee is not strange it is usual.

[stayeduptolate]

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

Bitcoin is a decentralised crypto currency Nd there is no such proper authentic regulating body over the bitcoin that could keep eye 👁 over all these bitcoin activities and most specifically the illegal ones like selling of drugs, explosives and money laundering and many more and being decentralised is also the one of the reason that its transactions fee is too high , once it will get legalised globally, though the transactions fee will obviously increase but I am sure that its illegal use can be stopped after its legalisation world wide.

[Gabali126]

The transaction charges for bitcoin is very okay now when sending from blockchain wallet. But sending from exchanges is still very high which still needs to be adjusted. You can spend as low as 5 cents to transfer from blockchain wallet.

[Testament28]

Aside from the slow transaction in the blockchain, this is one of the issues BTC is facing for a long time. It's transaction fee's way to high! But sometimes it's not that high, you'll have to make your transactions in a perfect timing. Do it whenever the transaction fee is low.

[molenracing]

Bitcoin is already famous for their very high transaction costs, which is the reason why many people choose to exchange their coins from Bitcoin to Coins that are cheaper when they withdraw.

[Myown55]

Its very true.bitcoin transaction cost is very high. I remember when I had to buy an Iphone charger online from a shop that accept bitcoin. The transaction fee alone was almost like the price of the Iphone charger itself, meaning that i payed almost twice for just a single item. To be frank, something good needs to be done about it.

[liseff3]

It's strange if the transaction costs are still considered high, I think the bitcoin fee has been fixed since January (beginning in 2018). However if the transaction costs are still high, maybe Nexybit Hybrid Exchange is the right solution for your wallet because the transaction costs offered by Nexybit are the lowest, which is 0.01% transaction.

[Gurueconom]

Now the prices for transactions in the Bitcoin network are not very expensive for large amounts. And when the full-scale Lightning network is launched, then the problem with the speed and price of transactions will disappear for small and large investors.

[Ains_sama]

I think that won't change ... in bitcoin transactions, the fee value refers to bitcoin, not to dollars. so that the increase in the dollar does not affect the standard fee for bitcoin transactions. unless they self-modify their fees. so it has a difference in standard fees. indeed, the bitcoin fee is very large now. but if changed, I think the miners disagree with that.

[CrypTM]

This really happen when bitcoin market price goes high so the percentage of transaction fee will remain but as the market price for bitcoin.

[edzleochico6]

I think the reason is the blockchain fees depend on several factors includingetwork congestion, transaction confirmation times (affected by liquidity providers), and transaction size (as measured in kilobytes; affected when converting bitcoin from multiple inputs such as faucet earnings or other micro-transactions).
In other words, you may need to pay higher blockchain fees if the Bitcoin network is busy or loaded at the moment. Usually, the fee increases during sudden bitcoin rate fluctuations and major world events.

[lubah]

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

Production technologies are changing and at the same time the price per transaction can change and possibly become much more expensive. In order not to pay attention to the cost of transactions, you better think about how you can earn bitcoin or altcoins.