Bitcoin transaction cost is too high

[hanlap]

If Bitcoin's transaction fees are lower, even if prices and transaction volume increase, Bitcoin can be considered a daily payment method. If Bitcoin can handle issues like transaction fees and transaction speed, paying for a coffee or a Bitcoin pizza can be a viable option.

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[rickyNmorty]

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

Well I can see that the current market situation of bitcoin will not come down anymore and it will rise. As per what i have read in one of the topic here, they have experienced less transaction fee, and with this it might be confusing because of this news. But then we can see that the more transactions may be made the lower theprice it will be. So soon it will probably go down too.

[mensahkkofie]

The transaction fees always depends on  the particular exchange or wallet that you are using. Even if the transactions fees are high, the best thing to do is to exchange your bitcoin into a coin with a relatively lesser fees on the exchange which usually includes dogecoin and litecoin.

[Miklight88]

We are in good fees now and every one can enjoy their transaction in and out, but exchange have it's power to get mined first before those sent from blockchain wallet .

The large number of transaction then cause lot of backlog in mempool then which lend to so much to mined while miners use that to increase the fees and now we are less Transaction and less fee.

[franciscoDC]

Yes because of the demand of the user,so if we need to get quickly or get fast our money we should high our transaction fee for being quick,so for me these are the main reason why transaction fee cost too high.

[Sakibhasan.bd]

Yep, you are right Bitcoin transaction cost is too high. ETH fees is  much lower fees than BTC. If you send 100$ BTC to someone and the economy level fees is about 20$. For this reason bitcoin will maybe lost its popularity.

[Jack Ment]

The fee is usually low, however sometimes higher fees are needed to complete your transfer or exchange. You should avoid the congestion if you're not in a hurry and exchange it in another time. But recently, a new tech called Lightening Network has appeared, I think this network can be helpful to this problem.

[burky156]

Yes that was high actually very high at this time last year. I remember once i send some transaction which was 0.04 BTC and the transaction fee were 0.003! It was nearly %8 commision and i was very angry.. Thankfuly right now after one year the transaction fee went way down. I just sen 0.017 BTC and paid only 0.00006 BTC..

[mr.bean865]

Yes they are charging much more then fair rate. First of all you have to buy bitcoin with some extra price then when you transfer to block chain you will pay much fees then again if you want to convert them into another category then you much some more so that will make a huge amount.

[neo444]

It is depend from any site you make your bitcoin transaction because the fee of btc transaction is not the same in any sites

[amonymous]

Let's enjoy because transaction fee does not good matter for me and all Bitcoin lovers,investor,and trader.i am small trader so if Bitcoin transaction going to high then I have to wait for low fee?? Lol personally not me.bitcoin transaction fee high/low it's simple common and I'm not crazy about fee.

[avrilbell123]

Yes bitcoin transaction price is very high. It goes up and down. should wait for some time.

[SeVenlast]

If Bitcoin's transaction fees are lower, even if prices and transaction volume increase, Bitcoin can be considered a daily payment method. If Bitcoin can handle issues like transaction fees and transaction speed, paying for a coffee or a Bitcoin pizza can be a viable option.

Things that deserve to be used in countries that accept the arrival of Bitcoin in their country but this should have happened because the price of Bitcoin did not experience a good increase.

[dimiinx]

If Bitcoin's transaction fees are lower, even if prices and transaction volume increase, Bitcoin can be considered a daily payment method. If Bitcoin can handle issues like transaction fees and transaction speed, paying for a coffee or a Bitcoin pizza can be a viable option.

Things that deserve to be used in countries that accept the arrival of Bitcoin in their country but this should have happened because the price of Bitcoin did not experience a good increase.

Bitcoin transactions are too high usually to make profits so it's only natural that bitcoin transactions are too high

[BlockchainGod]

I think that because of the large number of small transactions increases the Commission. You just have to wait it out.

[Conasse]

Yep, you are right Bitcoin transaction cost is too high. ETH fees is  much lower fees than BTC. If you send 100$ BTC to someone and the economy level fees is about 20$. For this reason bitcoin will maybe lost its popularity.

Your problem is that currently, you don't need to pay $20 to make $100 transaction. I believe you have no idea what you're talking about either. Hello, have you hear about Segwit. You make me think you have never make a single BTC transaction once

[Edraket31]

Yep, you are right Bitcoin transaction cost is too high. ETH fees is  much lower fees than BTC. If you send 100$ BTC to someone and the economy level fees is about 20$. For this reason bitcoin will maybe lost its popularity.

Your problem is that currently, you don't need to pay $20 to make $100 transaction. I believe you have no idea what you're talking about either. Hello, have you hear about Segwit. You make me think you have never make a single BTC transaction once

That is the real problem but for sure it will have a solution in the future, we will come up with a solution that will lessen the transaction cost for sure every people will wish for it and we can find solution to that, if you are not in a hurry then there is also a cheap price you just need to patiently wait for for it.

[doanngocdiep02]

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

I do agree that the fiat price of an average transaction fee is waaaay higher than it *should* be, but like others have already said: the lightning network is being developed, and if more and more people would switch to a segwit wallet, the problem should also become less pronounced.

[Saldom12]

Bitcoin costs are very high or very expensive. If that happens to us, I suggest we convert your bitcoin to ethereum, doge, litecoin. With this coin we can make transactions.

[EEEian]

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

Fees are not tied to price of the coin, no matter what coin. The fees on bitcoin didn't go up to crazy amounts in december because the price went way up. Fees are tied to space in the blocks. Fees got crazy because the blocks were full with a huge back log of transactions waiting so people had to put higher and higher fees to get their transactions sent in a reasonable amount of time. Now at a price of $9000 bitcoin fees are like what they were a year ago at a price of $1000. Price and fees are not directly linked only indirectly through the direct linkage of usage to fees.