Bitcoin Fee

[Phridom]

Say one has to send 35 dollars to complete a transaction but the priority fee is 25 dollars. Could one send the 25 dollar fee plus add an extra 10 dollars to make it so it all adds up to 35 dollars? This way so one doesn’t have to send a total of 60 dollars?

[Dread Pirate Roberts]

yes. the fee its extreamly annoying . but if you smart trader you can use any tricks to cover it.
1. use altcoin as optional . in this case i prefer use ETH or BCH or LTC . its most Popular and Big Volume trade in market.
2. use Custom FEE . but i will take a long time to get confirmation in tx . i did fee $3 for send $80 . confirmation 1 after 2 week almost 3 weeks .

[avikz]

I am not sure whether I have understood your concern correctly. But lets take an hypothetical example. If you need to send $100 to a different address and the wallet is asking for $35 fees, then your total expenditure will be $135 for that transaction. The transaction fees are extra which is added with the transaction. So if you are sending $100 to someone, $135 will be your final expense. I hope this helps!

[Phridom]

yes. the fee its extreamly annoying . but if you smart trader you can use any tricks to cover it.
1. use altcoin as optional . in this case i prefer use ETH or BCH or LTC . its most Popular and Big Volume trade in market.
2. use Custom FEE . but i will take a long time to get confirmation in tx . i did fee $3 for send $80 . confirmation 1 after 2 week almost 3 weeks .

Im running a small business sending bitcoin to a merch and for two weeks I had no business because i sent too low of a fee.

I am not sure whether I have understood your concern correctly. But lets take an hypothetical example. If you need to send $100 to a different address and the wallet is asking for $35 fees, then your total expenditure will be $135 for that transaction. The transaction fees are extra which is added with the transaction. So if you are sending $100 to someone, $135 will be your final expense. I hope this helps!

I had a hard time wording it myself so sorry if u didn’t understand. What you said makes helps I just thought there was a loophole.

[febieki23]

Do not use FEE too small For Large Transaction comrades I do not go in for 1 month.   

[Phridom]

Do not use FEE too small For Large Transaction comrades I do not go in for 1 month.   

Dammmn longest time I had to wait was 10 days but luckily coinpayment noticed the transaction and told the merchant funds received so he sent my package. It didn’t confirm on blockchain 10 days later which was wierd. Tried goofing the system a second time and it didnt work confirmed last 2 hours before it expired then coinpayment said funds received.

[Mr.Junker]

yes. the fee its extreamly annoying . but if you smart trader you can use any tricks to cover it.
1. use altcoin as optional . in this case i prefer use ETH or BCH or LTC . its most Popular and Big Volume trade in market.
2. use Custom FEE . but i will take a long time to get confirmation in tx . i did fee $3 for send $80 . confirmation 1 after 2 week almost 3 weeks .

I agree you sir, by utilizing altcoin as the exchange rate between exchange may reduce the current huge fee if we do bitcoin trading. almost all exchanges apply a high enough fee for bitcoin trade. as friends said above maybe you can also compare fees from other exchange but for bitcoin I think its fee will be almost the same. compared to altcoin, ethereum and other fee bitcoin trade is greater.

[Itty Bitty]

There seems to be some kind of very expensive mempool attack going on.

For example, in block #502975, mined by BTC.TOP

There are hundreds and hundreds of one input, one output transactions, whose fees are 0.0018753 BTC (525 sat/byte) and in other parts of the block many many one input, one output transactions with miner fee of  0.00117702 BTC (also 525 Sat/Byte)



Randomly checking other blocks.

In block #502980, mined by BTC.com

There are hundreds and hubdreds of one input, one output transactions, whose fees are 0.00118993 BTC (528 Sat/byte). also many hundreds of one input, one output transactions have fees of 0.00118956 BTC (528 Sat/byte)

Didn't see any transactions in these blocks less than 350 Sat/byte, despite fee sites (such as bitcoinfees2.com) not showing anywhere near as many large fee transactions.

I doubt more than a couple percent of transaction in these blocks are real world genuine authentic transactions. Miners are filling up these blocks with garbage transactions (mining software probably set to prioritize certain fee amounts). Miner mafia continues unabated. Gross.

[Pursuer]

Say one has to send 35 dollars to complete a transaction but the priority fee is 25 dollars. Could one send the 25 dollar fee plus add an extra 10 dollars to make it so it all adds up to 35 dollars? This way so one doesn’t have to send a total of 60 dollars?

only your bank can answer this because banks are the ones processing "dollars" transactions not anyone here. and each bank has a different set of fee rules they use for processing transactions and they may even prioritize them based on the amount being transferred.

if you have a bitcoin transaction question then first start by talking about it in terms of bitcoin and fees in terms of "satoshi per byte". so we can answer you.

[silverstar43]

Fees were crazy end of 2017, but I noticed is slightly lower now.
Tried funding my bitpay debit card 2 weeks ago and the crazy fee was over $38 and something called a sweeping fee...
But, their wallet has the ability to customize fees for some relief.

If your sending from exodus wallet, your stuck on default fees.
I am not a fan of using an exchange hotwallet to store bitcoin, but I noticed gdax and gemini do not charge fees.
I was told "someone" has to pay the fees, I assume they do.

[ankurguta87]

Why Bitcoin fee is increasing day by day. How actually it is calculated. Is there any way to save this amount. Guys

[kevoh]

That's why BCH come out. Bitcoin never will be used as daily currency.

BCH is not a better option. BCH is only postponing the scaling issue. If BCH became massively adopted the way Bitcoin is, it will only be a matter of time before it starts facing the same issue.

[DirtyMartini]

Why Bitcoin fee is increasing day by day. How actually it is calculated. Is there any way to save this amount. Guys

Move all your bitcoins over to a segwit address and use segwit transactions to save on fees (and get quicker confirmations).

The Electrum desktop wallet has full segwit support if you don't have a hardware wallet..

[Rubick99]

If you want get more small fee to send your bitcoin, you can convert it to altcoin, just trade it. You can get a small fee. For example Convert Ethereum, that fee just about less than $5

[Lieldoryn]

If you want get more small fee to send your bitcoin, you can convert it to altcoin, just trade it. You can get a small fee. For example Convert Ethereum, that fee just about less than $5

The transaction cost is really now a very big problem. Probably all started to fight this phenomenon through the exchange of bitcoins at eth. So we see that the demand for this coin increases and, accordingly, the price constantly goes up. I think that the developers of bitcoin should draw conclusions from the situation.

[Rubick99]

If you want get more small fee to send your bitcoin, you can convert it to altcoin, just trade it. You can get a small fee. For example Convert Ethereum, that fee just about less than $5

The transaction cost is really now a very big problem. Probably all started to fight this phenomenon through the exchange of bitcoins at eth. So we see that the demand for this coin increases and, accordingly, the price constantly goes up. I think that the developers of bitcoin should draw conclusions from the situation.

Yes, I think developer need to update fee transaction of bitcoin. This is not bitcoin in 2 years ago, the price is goes increased fast for last year.

[mattmct]

yes. the fee its extreamly annoying . but if you smart trader you can use any tricks to cover it.
1. use altcoin as optional . in this case i prefer use ETH or BCH or LTC . its most Popular and Big Volume trade in market.
2. use Custom FEE . but i will take a long time to get confirmation in tx . i did fee $3 for send $80 . confirmation 1 after 2 week almost 3 weeks .

Recommending ETH right now for low fees is a bad idea, the mempool is filled with pending tx and the gwei price for gas is super high right now

[blitz18]

yes. the fee its extreamly annoying . but if you smart trader you can use any tricks to cover it.
1. use altcoin as optional . in this case i prefer use ETH or BCH or LTC . its most Popular and Big Volume trade in market.
2. use Custom FEE . but i will take a long time to get confirmation in tx . i did fee $3 for send $80 . confirmation 1 after 2 week almost 3 weeks .

Recommending ETH right now for low fees is a bad idea, the mempool is filled with pending tx and the gwei price for gas is super high right now

Even ETH these days when you use it is expensive also. It will cost you high gas just to proceed for the transactions. Ive tried to make a transactions in ethereum the fees is really expensive so both eth and btc are high fees.

[soma50]

Fee is increasing day by day. How it is actually calculated. You should see how the amount should be saved. Let's accept the fee but it is necessary to get the right amount. I think so

[fortunecrypto]

Say one has to send 35 dollars to complete a transaction but the priority fee is 25 dollars. Could one send the 25 dollar fee plus add an extra 10 dollars to make it so it all adds up to 35 dollars? This way so one doesn’t have to send a total of 60 dollars?

This fee is indeed annoying I don't think it will work that way if you are going to transact with a small amount, it is better to choose altcoin, or do it through paypal in my case I retain my paypal account, and recommend it whenever I do a small amount of transaction.