Fees and payments

[kangbasir]

Mobile phone payments made easy Specific to the bitcoin market and will not incur any transaction fees in selling or purchasing this cryptocurrency.

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[hdtqisg]

Currently, the cost of a Bitcoin transaction is very attractive, bitcoin prices are rising again! Hope to increase steadily in the future!

[Theonethatgotaway]

Mobile phone payments made easy Specific to the bitcoin market and will not incur any transaction fees in selling or purchasing this cryptocurrency.

Fees and payments are the also the advantage of bitcoin. It is easier to pay our online purchases unlike using fiat you have to pay for the money transfer  services. It is convenient for us since in our generation mobile payment is the easier way to pay.

[Radio-Active]

about bitcoin fee, i think it was cheap before bitcoin price spiked. but for now,
bitcoin transaction fee i think the most expensive in cryptocurrency.

[lillyann]

One of the big features of Bitcoin is that it is cheaper than paying with credit cards. Of course currently the Bitcoin fees are very high since it needs scaling so its only cheaper right now if you're buying a couple hundred dollars or more worth of stuff.

Anyways, businesses have hidden the credit card fees from consumers by pricing them in to products and eating the fees. With Bitcoin though, the sender pays the fee. Even if the fee is a lot lower than credit card fees, you're still spending more when using Bitcoin because the the sender pays the fee. This needs to change since businesses already price in fees. I've never bought anything with Bitcoin, so maybe this is already done by newegg and overstock, etc, but do you think retailers will subtract the fee paid from the price of the item when buying with Bitcoin? Do retailers do this now? If this doesn't happen, even if fees go way back down, this would be a terrible user experience if you have to pay a fee on top of the cost of a product when compared to paying with credit card where the fee included in that same sale price.

Everything depends on the bank. I do not pay for using a credit card. I do not use wages like her once a year. It is not so bad. BTC now has high fees. Too high.

[marmeladko]

I hope that in 5-10 years people will understand all advantages and weaknesses of Bitcoin. People can find a lot of suitable ways how to use it and save their money.

[buwaytress]

about bitcoin fee, i think it was cheap before bitcoin price spiked. but for now,
bitcoin transaction fee i think the most expensive in cryptocurrency.

I wouldn't be too sure about that. Think I've been paying 1 satoshi per byte or less on my transactions for weeks now and still getting the majority of them confirmed within the next block, longest I had to wait was 3 blocks (that comes down to about 120 satoshi per transaction, by the way). At today's price, which has been the highest in a long time, that's something like 0.85 cents. Pretty sure there are several cryptos out there with more expensive fees.

Lowest recommended gas price on Ethereum now for next block confirmation is at 1.2 cents.

[RodeoX]

I only use bitcoin to shop online, but I have never had a seller cover the cost of the fee when buying something. It makes more sense for the buyer to pay the fee because the fee is voluntary and not a specific amount. This could even be more of an issue as side-chain/lightning networks emerge.
The high fees have gone down as mining catches up and the system balances out. I did some testing last weekend and was sending $10 USD for about $0.12, a little over 0.1%. Compare than to a credit card which typically costs about 3.0%.

[stigmacryptonight]

For product purchases, I often avoid paying via Bitcoin, except when Bitcoin is high. At a lower price, it would be better to avoid it. When the low price is sure to be expensive, this is my experience. And of course, will make a big profit for the seller of the product if later exchange Bitcoin at a high price.