fee transfer too high?

[JanpriX]

I think the fee too high is not a problem. Bitcoin prices are currently too high for the cost of online wallets and high transaction floors to avoid users taking advantage of the price difference for sale.

I have the same sentiment regarding BTC's transactional fees. BTC's price are now very high so it is utterly expected that the fees should also be higher than usual as this will always work hand in hand with what the current price of Bitcoin is. It is a cost that someone has to pay if you want to dive into cryptocurrency right now. My suggestion for those who want to maximize the fees that they are paying, try transferring your BTC to Segwit addresses as they have faster chain and lower fees than the Legacy one. I'm currently using it now and have no problems with it.

[daglordjames]

i think for me its normal because the price of bitcoin is getting higher so the transfer is getting a higher fee too.

[streazight]

Yep, Coinbase has fixed fees to pay the miners for the transaction, so you have no choice to avoid this. This a cost that you have to consider with your profits while trading. You can hold your bitcoins on the exchange and move them when you accumulated a large ammount, or you convert to some altcoins that have cheap transfer fees such as doge, ripple, and others. It's up to you with the goal you have.

Converting too will require some little trading fees, not sure the amount coinbase charge but at least most exchanges charge a little fee, but it is quite reasonable when the network is like this and now that Litecoin has been added, that would always make it a bit swift when trying to transfer in between exchanges.

I have never thought of this really before as it never crossed my mind, but I would try it one of these days to see if it does not end up as almost same thing as a result of the trading fee.

[star19]

it is true that, The fee now is really high because of the demand of bitcoin. anyway My advice to you when fee is high you can exchange ETH and send your wallet. when fee is low you can send bitcoin wallet. By the way, just wait the time when the fees are already lower. And my advice to you is you can transfer all your funds in one exchange only in one transaction to lessen the transaction fees.

[Rana590]

In this stage the price of Bitcoin is not stable. For maintaining price it takes some time high fees. There is another way for your solution. You can deposit other altcoin like ethereum, litecoin. It will help you to reduce fees.

[Supercrypt]

lately the transfer fee is so high that it causes many obstacles for the bitcoiners besides the transaction is also slow and takes a lot of time

Well, the faster you want your transaction to be, the higher the fee you will have to pay. I am not sure how far the whole LN alpha release have gone or when it is going to really be deployed but something really need to be done to make bitcoin transaction come with ease as we used to have it.

It is highly necessary right now because I cannot imagine myself paying virtually 10% of what I am sending just to get a transaction done, but it is all good, bitcoiner all the way!

[gabmen]

In this stage the price of Bitcoin is not stable. For maintaining price it takes some time high fees. There is another way for your solution. You can deposit other altcoin like ethereum, litecoin. It will help you to reduce fees.

Exactly. You don't have to really take thr bulk of the expensive fees if you know how to work around it. Personally i use doge to do transfers. The longer you deal with bitcoin the more techniques you'll learn to counter these challenges

[simonsaysmoney]

Hi all, i'm new to trading and i made my first wallet of bitcoin in CoinBase...now i would like to buy some altcoin but if i would like to transfer bitcoin to exchange like bittrex or other they ask me an high fee for tranfer like 12$ for transfer 100$ of BTC....is it possible? How can you  make good trading if everytime you have to transfer money from wallet you have to pay so high fee?  I did mistake something? thanks

You can try to deposit other coin like ether or litecoin then convert it to btc when you already sent it to exchange . that's the best thing to do  if you want to pay  lower fees than BTC fees.

That is exactly what i do.  I also do the same when I am purchasing coins from fiat.  As it just works out with more bang for your buck!

[does]

use segwit wallet such as electrum.org to reduce the fee.
yet the fee are still high

[beerlover]

Hi all, i'm new to trading and i made my first wallet of bitcoin in CoinBase...now i would like to buy some altcoin but if i would like to transfer bitcoin to exchange like bittrex or other they ask me an high fee for tranfer like 12$ for transfer 100$ of BTC....is it possible? How can you  make good trading if everytime you have to transfer money from wallet you have to pay so high fee?  I did mistake something? thanks

The increase in btc will result in higher fees for every transaction. The fee is fixed at a fixed rate at btc, so you must consider before making any transaction. especially in the present time. btc prices are very high.

It was not really the increased fee that has really caused the present huge one; this is just as a result of the network traffic. If you check blockchain now, you will see the number of unconfirmed transactions and that is really crazy knowing you have to pay a lot so as not to get your transaction bounced. This is something one should always consider, and it is becoming a norm now until we get hope with the scaling problem.

We just have to get use to the fact that the network can be congested sometimes due to the number of transaction going on all at once. It does not happen every day but we all know the level at which transactions are being done these days in the bitcoin network.

Yes, it can be painful, but it seems like one of the price we may have to pay now as early adopters until the whole scaling issue get fixed.

[ss890]

i think for me its normal because the price of bitcoin is getting higher so the transfer is getting a higher fee too.

I think it's not normal. Though prices are getting high it doesn't mean your one bitcoin is something different. It is the same bitcoin and we are transferring the same amount each time. Don't calculate it in terms of USD. Just consider it as normal bitcoins then you will understand why it shouldn't be different than the usual one. If prices are increased for per bitcoin then fees should be lowered because they are getting more money than the normal one. It's not about USD it's all about BTC that you are trying to get. Just think.

[Synaesthesia]

no you did not make any mistakes,
it's all due to the traffic that we're currently face that is why you need to use a higher or their recommendation fees a slightly higher compared to other.
also at the same time our current price make it even worst.
do not worry,all that you need to do is paying the fees from your coinbase account to bittrex account.
other than that you do not need to pay anything,
you will be charged if you're moving your balance to other wallet not to make a trade.
if you make a trade you're only need to pay a fees around 1%~ or less than that for every transaction,
it's totally different if you're sending your coin from wallet A to wallet B.

Transaction Fees : The fees that you need to pay for every transaction that you made,or sending your coin from your wallet to other people wallet.
Trading Fees      : it will only be charged to you if you make a trade,and it's very little around 1% or less than that

Yes, I totally agree with your answer. She has been confused when seeing the high fee. It just a traffic in transaction. If she wanna it is executed soon, she has to pay higher. That's all.

[Superways]

In this stage the price of Bitcoin is not stable. For maintaining price it takes some time high fees. There is another way for your solution. You can deposit other altcoin like ethereum, litecoin. It will help you to reduce fees.

Exactly. You don't have to really take thr bulk of the expensive fees if you know how to work around it. Personally i use doge to do transfers. The longer you deal with bitcoin the more techniques you'll learn to counter these challenges

This is some good technique being used by different people. The best thing I have observed here on this forum is that people are not selfish and try to give away the solutions to others for their help. It will be best if you take out some time and start telling us different hacks so that we can also learn something out of them. If there are some dodges available, then I think its better to opt for them and maximize our profits.

[geyayy]

It is just because of the price of bitcoin being huge, that is why the fees go bigger, too. It is just to control the price of bitcoin, there are many strategies to use while trading.

[drunkbillmurray]

For small transactions indeed it is totally high, you should expect most transactions to fail if you use a reasonable fee

[Malamok101]

for sure because the bitcoin fee is not increased because the maximum fee is 0.0002 at the same time because you are annoying with the size of the fee that is the price because of its high price and it is difficult to send transactions because every transaction you really need a fee to send you to different wallets.

[jakezyrus]

it is true that, The fee now is really high because of the demand of bitcoin. anyway My advice to you when fee is high you can exchange ETH and send your wallet. when fee is low you can send bitcoin wallet. By the way, just wait the time when the fees are already lower. And my advice to you is you can transfer all your funds in one exchange only in one transaction to lessen the transaction fees.

My advice to you when fee is high you can exchange ETH and send your wallet

keep in mind that there were also fees when exchanging or trading your coins to any online exchange. you will only end up paying more for the fees rather than saving.

By the way, just wait the time when the fees are already lower

bitcoins value will also decrease if the transaction fees will decrease therfor its not really worth it to wait.

my advice to you is you can transfer all your funds in one exchange only in one transaction to lessen the transaction fees.

keep in mind that the bigger amount you send, the bigger will be the fees also.

overall theres no real way to combat this high and expensive transaction fees. all you gotta do is accept it or leave it and switch to other coins with low fees like litecoin and dogecoin.

[Tamim121]

Bitcoin price now unstable. For maintaining price it take high fee in some time. There is a solution for you. You can transfer all your funds in other altcoin like ethereum, litecoin. Then you need to pay little fee.

[davinchi]

I think the fee too high is not a problem. Bitcoin prices are currently too high for the cost of online wallets and high transaction floors to avoid users taking advantage of the price difference for sale.

I have the same sentiment regarding BTC's transactional fees. BTC's price are now very high so it is utterly expected that the fees should also be higher than usual as this will always work hand in hand with what the current price of Bitcoin is. It is a cost that someone has to pay if you want to dive into cryptocurrency right now. My suggestion for those who want to maximize the fees that they are paying, try transferring your BTC to Segwit addresses as they have faster chain and lower fees than the Legacy one. I'm currently using it now and have no problems with it.

Everyone in this world wants to make money as much as he can and the same is doing the transfer service providers. We cannot stop them because they knew that you will have to use their platform for your transaction. We all are doing the same.

The entire businessman is doing the same. When they realize that now the people will to to buy or use this certain thing the price of that thing will go up.

[Ararbermas]

For small transactions indeed it is totally high, you should expect most transactions to fail if you use a reasonable fee

yes thats true cause nowadays all of the exchanger site has a large fee in any amount of transaction so expect to much.  Lol i think the reason maybe because the growth rate of bitcoin or some of alt is to high also that's why the fees of some exchanger site is to high , maybe the is depends on the currency valued they support.  (correct me id im wrong) im not sure.