Damn fees!

[pinoyden]

I exchange to litecoin when transferring as the fee is lower and transaction is quicker.

I do exactly the same, an by this way, i am always paying less than $5 worth of fees for almost all the transactions.

In fact, most exchanges are asking you for less than 0.001 LTC of withdrawal fee (less than $0,25 at the moment)
So yes, litecoin is very useful for this kind of purposes.

besides ltc, I think we can use dogecoin which only needs 5 dogecoin for the fees and I think it is too cheap for us to change into dogecoin and then we can sell it to get btc again. I think we need to think what cheap coin that we could use to send and receive and with fast confirmation so we don't need to wait too long and we can withdraw the bitcoin into fiat.

Yep! Dogecoin is really cheap both in absolute value and in respect to transaction costs. But there are at least two issues with this coin and likely even more which I simply don't know about. First, no major exchange accepts it and that severely hurts and limits its usage as a value transfer vehicle. Second, there is no active development going on with Dogecoin right now, so it is unlikely we are going to see more adoption of doges any time soon. But that's a pity really because it is a unique coin in its own department.

actually most exchanges thesedays are indeed supporting dogecoin and dogecoin is somehow a verry popular coin aside from litecoin that is also verry useful in terms of payment gateway. However bitcoin fees nowadays are started to decrease due to the fact that bitcoins value is also decreasing and theres also an segwit enabled wallets that can counter such high fees and this method is now widely use by most campaign managers in order to pay their participants in a timely manner .

[CASTIEL05]

I was telling my friends about bitcoin for almost a year and they decided to enter crypto world and buy some bitcoins.
Not much, 50-100$ worth bitcoins just to start with it and to see how it works.
But here is problem - if they buy bitcoins for 100$ they will get that minus 25-30$ fee and they will pay fee for next transaction, so their 100$ worth bitcoins will become 40$ worth bitcoins. How to explain them this??

Is this really what bitcoin become? Currency used for miners so they can earn more money?

Bitcoin fees is now tragedy for those who want to invest with it. Most of the time, small investors affected much by their fees. Almost half of the amount will cost just for transaction fees and it is hard for us small investors only.
I hope lightning network will solve this current problem about btc.

[Hell-raiser]

I exchange to litecoin when transferring as the fee is lower and transaction is quicker.

I do exactly the same, an by this way, i am always paying less than $5 worth of fees for almost all the transactions.

In fact, most exchanges are asking you for less than 0.001 LTC of withdrawal fee (less than $0,25 at the moment)
So yes, litecoin is very useful for this kind of purposes.

besides ltc, I think we can use dogecoin which only needs 5 dogecoin for the fees and I think it is too cheap for us to change into dogecoin and then we can sell it to get btc again. I think we need to think what cheap coin that we could use to send and receive and with fast confirmation so we don't need to wait too long and we can withdraw the bitcoin into fiat.

Yep! Dogecoin is really cheap both in absolute value and in respect to transaction costs. But there are at least two issues with this coin and likely even more which I simply don't know about. First, no major exchange accepts it and that severely hurts and limits its usage as a value transfer vehicle. Second, there is no active development going on with Dogecoin right now, so it is unlikely we are going to see more adoption of doges any time soon. But that's a pity really because it is a unique coin in its own department.

actually most exchanges thesedays are indeed supporting dogecoin and dogecoin is somehow a verry popular coin aside from litecoin that is also verry useful in terms of payment gateway. However bitcoin fees nowadays are started to decrease due to the fact that bitcoins value is also decreasing and theres also an segwit enabled wallets that can counter such high fees and this method is now widely use by most campaign managers in order to pay their participants in a timely manner .

Which exchanges are those? Personally, I would be quite happy if they added Dogecoin to Bitfinex but they won't and it seems there is no chance that they will ever do. These days they list a lot of unknown coins which I didn't even heard the names of, but Dogecoin looks like kinda too plebeian to them. Though I don't know how FunFair or Golem are much different in this regard. I doubt that half of the coins they recently listed at Bitfinex will be there in a year.

[Akorharrison]

I don't really understanding the fees now, I m quite confused I tried to exchange PINCOIN on livenet the fee I was charge is more than the token I received. Exchanging PINCOIN to BTC. 
 

[temdevs]

Bitcoin transaction fees are very high due to scalability issues. The number of transactions the network is able to process is lower than the current number of transactions. The code is being developed and the lightning network is allowing micro-payments without having to pay a lot of fees.

[aeternus]

These fees are a pain in the ass for persons like me who are working on a very tight budget. I'm aiming for low costs coins and decided to simulate a withdrawal from binance for 500 TRX. Transaction fee 161 TRX. Really?

This is the problem the transactions fees are getting high. Even you will transfer or withdraw coin in any exchange their is always fees. Let's hope one bitcoin stabalized the fees cost would be lower.

I do not like the idea of sending my money into other coins, these alts loose their value really quickly,look at deeponion, ripple, Bch, not at all worth doing it. The following are my suggestions to save on fees.

1) Switch to segwit based address.
2)Try and transfer at different times of the day
3) Try sending big amounts rather than small ones.

I have tried transferring 1k three times in different time of the day I ended up paying 12, 6 and 2$ respectively.
People have reported segwit is helping lower the fees.

All of those are good and I will add that if you have a lot of incoming transactions it may be a good idea to consolidate all of those by sending your bitcoin to a different address you control that way the size of the transaction will be lower and with it the costs, also if you are using electrum do not use change addresses since that only makes future transactions bigger and more costly.

[BitHodler]

I will add that if you have a lot of incoming transactions it may be a good idea to consolidate all of those by sending your bitcoin to a different address you control that way the size of the transaction will be lower and with it the costs, also if you are using electrum do not use change addresses since that only makes future transactions bigger and more costly.

If people really want to save as much as possible, they should have their small transactions sent to one of the reputable online wallet services, and have the funds accumulate till they reach a decent amount.

This will allow you to create one final transaction that you then have sent to yourself from time to time, just to get your funds off the wallet service under your full control, which should always be the main priority afterwards.

I usually don't really recommend making use of online wallet services, but in this case it's a useful and money saving option that is definitely worthy of being considered by those interested.