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Author Topic: Bitcoin fees  (Read 243 times)
dmamigo
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April 26, 2018, 11:00:41 AM
 #21

What are is lightning network and How to integrate lightning network into the bitcoin?
How to decrease bitcoin transaction fees and an increase in the speed of transaction!
Bitcoin fee is very good for making transactions! I need to improve to quickly be confirmed (or sure the transaction will be confirmed within about 06 blocks)

At present its very fair, if you are converting fiat to BTC to transact, but when there are congestion and huge price surge, the price becomes more impossible to afford. Fees are normal but converting them to fiat sometimes gives mental pain.
Lightning Network may come as a friend for us, but don't know what might happen, the whole system has been unpredictable till now.

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BrewMaster
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April 26, 2018, 11:12:14 AM
 #22

Remember the amount of BTC you send is irrelevant. There are no coins in bitcoin. When you send BTC you send inputs, depending on how many inputs you consume to generate the output the fee will vary.

true but incomplete. the correct way to say it is that the amount of fee you pay depends on the size of your transaction. the size changes based on a couple of factors including out many inputs and outputs you have.
the other factor is the type of transaction you are making. for example a regular tx with a compressed key adds 148 bytes to a transaction but a multisig can add nearly 400 bytes and SegWit about 102.
check this cool site for more information: https://coinb.in/#fees

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April 26, 2018, 11:19:41 AM
 #23

Well, bitcoin charges have been greatly diminished, there are coins (litecoin,dogecoin,bitcoin cash)which are aggressive and individuals are
as yet utilizing them yet with segwit and lightning on bitcoin its less expensive and faster to move bitcoin than it was previously.
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April 26, 2018, 11:20:34 AM
 #24

Bitcoin fees are actually too expensive and not fair because of these fees or fairs that they imposed in all transactions they received they can easily diminished the income that the investors received from their investors. Bitcoin fees should be change and fair for bwnefit of everyone.

The bitcoin fees are there for a reason, they are used to pay the miners. If there was a similar concept by government, you would have been paying more to feed the leaders as taxes.

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April 26, 2018, 11:24:07 AM
 #25

I think bitcoin fees depend of his price but i think now the fee of transaction in coinbase is not high he cost 1,26 $ nothing more

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April 27, 2018, 01:49:47 AM
 #26

Bitcoin fees are actually too expensive and not fair be. I hope that fees are reduce.
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May 02, 2018, 02:27:55 PM
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May 02, 2018, 03:11:42 PM
 #28

you can find more info here: https://www.coindesk.com/information/what-is-the-lightning-network/
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June 06, 2018, 08:52:36 AM
 #29

For the less money and bitcoin for the transaction and a transaction of the money of the new account, instead of bitcoin. In the missing missing, that you would afraid that no any way to resolve.
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June 06, 2018, 09:10:37 AM
 #30

bitcoin is a very precise and very modern investment in the modern year as it is today, investing more rapidly than previous years because everyone prefers bitcoin because its payments are already using digital coins that are safe and good.
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June 06, 2018, 10:09:07 AM
 #31

bitcoin delivery costs increase when bitcoins start to get very difficult and when bitcoin has a very crowded transactions it will definitely make bitcoin very expensive for shipping costs.

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July 12, 2018, 03:00:47 AM
 #32

The btc fee now is still not fair and not transparent for everyone
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July 12, 2018, 03:15:04 AM
 #33

I wonder why do you care about the lightning network just right now? the fees are super cheap, you do not even have to spend twenty cents for sending a little payment, so what is the problem with that? We do not need lightning network anymore, it was needed for last december when fees were over $80 for some transactions.

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July 12, 2018, 03:23:34 AM
 #34

What are is lightning network and How to integrate lightning network into the bitcoin?
How to decrease bitcoin transaction fees and an increase in the speed of transaction!
Fewer transactions result in lower transaction fees, which ensures that users merge their bitcoin (BTC) into their SegWit account. Transactions from a SegWit benefit from lower transaction costs.
Suggs noted that in order to speed up transactions, users could increase their rates or take a detour. For example, if you are using a transaction like Poloniex or Bittrex, simply exchange Bitcoin to a third party like Expanse and send it to the destination.
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July 12, 2018, 03:45:29 AM
 #35

I wonder why do you care about the lightning network just right now? the fees are super cheap, you do not even have to spend twenty cents for sending a little payment, so what is the problem with that? We do not need lightning network anymore, it was needed for last december when fees were over $80 for some transactions.


It's this ow because there aren't that much transaction being done since we're well inside a bear market. And the low fees are likely to be the effect of segwit. Ln would come very handy in the future once the value of btc goes on another bull run and the market rises up.

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July 12, 2018, 04:00:57 AM
 #36

Bitcoin is quite expensive and it is not suitable for small transactions. Fees may be higher than the amount they wish to transfer. It is not user friendly. Moreover, other co-workers have cheaper fees as well as faster transaction speeds
victoryana
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July 12, 2018, 04:11:46 AM
 #37

Bitcoin trading fees when you make large, important transactions, the bitcoin fees that customers pay as large. And Bitcoin Coinbase wallet then you can freely perform transactions that are not worry about fees
pooya87
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July 12, 2018, 05:11:08 AM
 #38

I wonder why do you care about the lightning network just right now? the fees are super cheap, you do not even have to spend twenty cents for sending a little payment, so what is the problem with that? We do not need lightning network anymore, it was needed for last december when fees were over $80 for some transactions.


It's this ow because there aren't that much transaction being done since we're well inside a bear market. And the low fees are likely to be the effect of segwit. Ln would come very handy in the future once the value of btc goes on another bull run and the market rises up.

all wrong. the transaction fees are lower because the spam attack against bitcoin was stopped partly because the cost of the attack grew too big for the attackers. otherwise there is the same amount of transactions being made even in a bear market and i'd wager it has even grown since the adoption of bitcoin is growing. the only difference is that now the transactions are all real instead of being fake spams.
ps. LN is a long term solution

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July 12, 2018, 05:40:05 AM
 #39

I got to know that bitcoin fees has drastically reduced below down.
As I wanted to send just 0.50$, surprisingly the fee was just 0.16$ in fact the transaction went through in a a matter of a minute or less.
Couldn't believe what i experienced but really that's what we all wanted

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July 12, 2018, 05:49:28 AM
 #40

If to reduce the cost of bitcoin transactions most likely very difficult to be done by the merchant because with these conditions the trader can only obey the rules.For the sake of a smooth transaction forward without appearing obstacles at all.

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