fee transfer too high?

[eddyhalim]

i agree with you, the fee for every transaction is too high, specially with bitcoin transactions, high transaction fee can be a disadvantages to crypto community, we will take a very hard time to apply them in daily use, imagine we buy something with bitcoin but the fee can be higher than the product, that is really bad situation now and also in the future. i really hope we can fix this problem in the future.

[maianh09]

At present the bit rate is too high and there is a strong price regulation so the bitcoin transfer fee will be quite high if you let the low charge will take a lot of time to complete a transaction.

[natsu01]

Some exchanges have a higher fees when do a transaction of altcoins but this exchanges are good to trade with unlike those exchanges having a cheaper fees but you will not satisfy of the transaction process.

[mindrust]

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

Do not use coinbase. Coinbase is an antibitcoin company. They refuse to implement the upgrades which solves the fee problems.

Use only segwit ready exchanges and you also should be using a segwit address.

https://bitcointalk.org/index.php?topic=2164068.msg26249608#msg26249608
The message above explains how to create a segwit address which starts with 3....

Electrum can create segwit addresses by default but they start with bc1 and they are not compatible with many things yet. Skip that one for now, just use the one which starts with 3 and you'll be able to receive coins from anywhere.

Keep in mind segwit tx's cost only $1-2 as the legacy tx's cost $15-20. Don't get ripped off by the nay sayers.

[MacRohard]

check out some card like centra so you can cash out crypto to money easy without fee. and btw because high fee so I dont think bitcoin price can go up anymore

[izanagi narukami]

...
Keep in mind segwit tx's cost only $1-2 as the legacy tx's cost $15-20. Don't get ripped off by the nay sayers.

Is there any disadvantage for using segwit address ?
I've been using bitcoin address for 3 years and I still too lazy to adapt something new but if it's too important and being rush, should I change my current btc address into segwit , now ?

[mindrust]

...
Keep in mind segwit tx's cost only $1-2 as the legacy tx's cost $15-20. Don't get ripped off by the nay sayers.

Is there any disadvantage for using segwit address ?
I've been using bitcoin address for 3 years and I still too lazy to adapt something new but if it's too important and being rush, should I change my current btc address into segwit , now ?

The difference is as I explained.

Yes you should do it if you want to pay less fees. The difference is real. It is more than x10 less fees if you use a segwit address. Like i told above, create a segwit address which starts with "3..." do not use the default bech32 address from electrum which starts with "bc1..."

Exchanges can't recognize the bc1... addresses yet as they haven't adopted but the addresses start with 3... look just like multisig addresses and can be used like a regular address but with less fees. (because it is still segwit)

From legacy to segwit, you'll need to pay like $10 for one time and then your upcoming tx's will require like $1 fees. Also stop using services who don't adopt to segwit.

[hritevanz]

When I experienced trading last week, It was fun because it is a successful one but the only problem is the transaction fee is too high. I used yobit.net because this is the exchange site in my friend's list. Since, I really need the money that time, I have no choice but to sell it that day because if I didn't do that then I won't be able to do the important things that day. As a result, at least I already know some basic knowledeg on how to process it.

[EdenDice]

Tenx is much more better than Centra,and they have lower fees. Anyway, the fees are cheaper than before right now.

A few hours ago, a bitcoin transaction costed me about 0.009 BTC (less than $10)

check out some card like centra so you can cash out crypto to money easy without fee. and btw because high fee so I dont think bitcoin price can go up anymore

[Anne8]

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

Well, thats high fee can kill our profit from trading and i know that.
So i suggest you to send altcoin like etherium if you want to send to another exchanger because it will be much quicker and lower fee. After that you just swap to bitcoin and start trading.

[Painbird]

I am also facing this kind of problem but now I don't use bitcoin in my coinbase wallet my fully focuse on eth.bitcoin price is very high that's why transfer fee also high so better suggestion is you can convert your btc to eth & send eth any exchange for avoid high fee.

[mharz]

Fee is not much high, it will become high because price of bitcoin in the crypto currency industry are increased largely. Now since bitcoin price are decline high amount prices of transaction and withdrawal were decrease also.

I think fee is normal, it was not too much and it was not also too much low. It was neutral so there's no problem to us. But into others it is a big deal because the charges they paid during withdrawals is too much high.

[BumbleBeast27]

I would rather just hold and wait for the lightning network before transferring bitcoins again.. Fees will just eat up my capital like it were a loss in trading.

[ljtronics1]

that is standard fee.
All you need is buying a hardware wallet, transfer the fund there. From there to other exchange using segwit, should cost $1-$2 only

[ivandu]

I would rather just hold and wait for the lightning network before transferring bitcoins again.. Fees will just eat up my capital like it were a loss in trading.

lighting network had implemented and i  see at twitter people try this succesfully.transasction completed in few second with low fees.

[jambul_kribo]

I would rather just hold and wait for the lightning network before transferring bitcoins again.. Fees will just eat up my capital like it were a loss in trading.

lighting network had implemented and i  see at twitter people try this succesfully.transasction completed in few second with low fees.

after this implemented system should this be could news for bitcoin community and make bitcoin price rise again to new high after dropping so much.

[BabyBoss]

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

It's because of traffic transactions that's why we have a higher fee for more faster transactions. If you want to thrifty then you wiill have pending transactions or more turtle transactions. That's common well if you don't like to give fee like that make your transactions as once and do not sell it for short term just hold and earn more than 5 times more then do sell. So, if you really want to profit do such things and never complain just be thankful always atleast all of what you have will become double or triple or more soon.

[BobBct]

You can always lower the fees in wallets but it will take a longer time to make the transaction to become successful, so if you really want to make things easier and faster higher the fees.

[Baoo]

In general,  the transaction fee is one of the biggest problems in Bitcoin and it is sure that  this has led to a drop in price in this period . In addition to that, it is not acceptable that the value  of fee is high in Blockchain compared to other currencies ( more than $3 for just one transaction). And also that value is volatile and for example  in the previous period was close to $ 10.

As well, there should be a solution in the near future for this problem because this may adversely affect Bitcoin users, and the same thing for the unconfirmed transactions ( Such as, now in Blockchain  there are more than 99K Unconfirmed transactions and this value is very huge  ) .
therefore, many users of cryptocurrencies have become used the other currencies (like, Ethereum, Ripple, Litecoin..) because the value of their fees is very low and there is a great facilitation in their transactions.

[shahinurit]

Paying a fee that's too high is unnecessary, as it doesn't carry any additional benefit. But paying too small a fee means your transaction won't go through fast, or at all. Image: bitcoinfees.21.co. This information won't help you much if you use a wallet that doesn't let you change transaction fees, so maybe it's