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Author Topic: Bitcoin fees  (Read 580 times)
spadaccino
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July 30, 2018, 08:23:12 AM
 #121

It's a game theory indeed - they need to be there even if its price skyrocked since beginning. With Lighting Network you can transate your coin if they are not too much and make sure you don't pay too much fees, only when you want to transfer them in your wallet on the public chain you pay the fees.

So they are mandatory and without them there will not be the miners.
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July 30, 2018, 09:16:15 AM
 #122

I don't have any problem with bitcoin fees because i know that it is just normal to see an increase on the rate of the fees for bitcoin because without the fees in bitcoin then the miners will not earn enough money for them to sustain their business and we all know that bitcoin will not work anymore without miners, so we just need to be fair and don't complain about the bitcoin fees.

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July 30, 2018, 09:22:58 AM
 #123

How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know  perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.
Which is the big problem of bitcoin and proof the prices of btc is going down because of one of these reasons?
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July 30, 2018, 09:23:54 AM
 #124

At this stage, transaction costs really restrict the development of these two projects. With the rise of bitcoin prices, transaction costs will further improve, and bitcoin is no longer suitable for small transactions.
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July 30, 2018, 09:35:13 AM
 #125

How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know  perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.
Which is the big problem of bitcoin and proof the prices of btc is going down because of one of these reasons?

Looks like you are very informed, you found a reason why price is dropping! It's sarcasm, one more troll on bitcoin talk forum.
Fees are the problem, we felt that last year when price started to grow and when fees raised so high that some people needed to pay over 50 dollars for transaction, big or small. Couple mBTC-s for a whale isn't much, but in dollars its a lot, it's crazy for us who wish to send couple hundred dollars and for that we need to pay a lot.
Now everything is stable again, that is a good thing, but big question is will we have similar situation in the future. Clearly network was overwhelmed with transactions, miners use that situation to charge extra dollars for transactions and who pays more have priority, I think we will see that again in the future, at least when ever network can't handle all transactions, miners will charge more and we can't so much about it, just turn to some coin that have cheaper transactions and when situation stabilize turn back to bitcoin again.


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July 30, 2018, 09:43:06 AM
 #126

How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know  perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.

Bitcoin transactions fees not same all wallet. Its various kinds of different wallet and different exchange site. Maximum exchange site take fees 0.001 btc every transactions.

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July 30, 2018, 11:40:01 AM
 #127

How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know  perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.
As far as I know that Ethereum prices of transaction fee is always different and big demand on the system blockchain will be increasing that fees to not affordable price. As for bitcoin probably those fees are remaining still.

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July 31, 2018, 02:26:48 PM
 #128

The transaction fee you make for all your activities is determined by the number of your transactions, not only in bitcoin or ethereum, all coins have fees. They have determined the amount. But I think there are still many shortcomings that we need to fix the problem of transaction fees in the future
Popular things are more expensive than other who do not have threat great value. It only proves that bitcoin ia the number one in all aspects, and with this we should focus investing in bitcoin because more potentials are in it. We need to choose wisely in able for us not to loose. We should think carefully. But all in all, the fee is a form in where wallets can get there percentage, so no worries for that, it is like paying the service that offer.

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July 31, 2018, 02:31:01 PM
 #129

Bitcoin withdrawal costs and all digital assets as a transfer fee to the miner on each asset.Costs differ on each digital asset, please refer to the withdrawal page of each asset to find the withdraw fee
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July 31, 2018, 02:46:29 PM
 #130

Why do you think the transfer fee of BTC is very high? In fact, it is largely because the price of BTC has increased by many times. If you look at the price of a few years ago, do you think the transfer fee is still high?

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July 31, 2018, 02:50:28 PM
 #131

Bitcoin transaction charges fees it depends the quantity of the coin sending out, to another wallet, which does not have a specific fixed amount charged, the same with Ethereum, therefore all transactions fee is simply know as gas.

daoquanghuan
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July 31, 2018, 02:52:04 PM
 #132

How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know  perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.

Currently, bitcoin's transaction fees are more expensive than ethereum's transaction fees. However, both updates are underway. For bitcoin Segwit and Lining network will make the bitcoin network faster and the transaction cost is much cheaper nowadays. I still believe that in the future bitcoin will be a popular means of payment.
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July 31, 2018, 03:02:15 PM
 #133

You can compare with these sites.

BTC - https://bitcoinfees.earn.com/

Eth - https://bitinfocharts.com/comparison/ethereum-transactionfees.html
      - https://ethgasstation.info/

The most feature that every coin is developing are about the fee and faster confirmation.
If it's about the fees most will be in favor of ETH.

Well this might be the win for ethereum,but i dont believe that bitcoin will be in opposite side because blockchain is the main platform to be used for cryptocurrency conversion to fiats.

Bitcoin transaction charges fees it depends the quantity of the coin sending out, to another wallet, which does not have a specific fixed amount charged, the same with Ethereum, therefore all transactions fee is simply know as gas.
Youve got it right on this one mate,i guess this is enough for the OPs question to be answered

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July 31, 2018, 03:12:31 PM
 #134

Bitcoin transactions fee is quite higher and expensive more than the ethereum transactions fee. This fees is also dependent on the site you are doing the transactions on and the quantity of bitcoin you are transacting.
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July 31, 2018, 03:16:57 PM
 #135

The calculation fee is already program on the wallet program so no one know outside the development his does they do the calculating all we know is that how much we need to pay for them when you make transfer.
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July 31, 2018, 03:17:11 PM
 #136

How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know  perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.

Transacting with the use of bitcoin have bigger fees compared to Ethereum but that is if you are sending to an external wallet. To avoid those high fees there is a way of doing that. And that is to use one and the same web-wallet host website. For example like coins.ph if you transfer bitcoins to other users using the same site there are no fees but if you are going to send it to external wallets then that is the time that you will pay the huge transaction fees.

Yea bitcoin transaction fee is higher as compared to the transaction fee for ethereum. I think the transaction fees is a fixed something that they have programmed the sites depending on the amount you are transacting. I will try your approach and see if it will work our for me.
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July 31, 2018, 03:18:29 PM
 #137

bitcoin fee little bit vary in blockchain wallet  than exchange wallet  if we  sending bitcoin to any other wallet  it may deduct some fee's in our wallet , but blockchain wallet is less compared than exchange wallet  . all exchange wallet is same price for deduct to pay the fees for miners same like eth to pay gas fee  for the miners .  
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July 31, 2018, 03:21:17 PM
 #138

At this stage, transaction costs really restrict the development of these two projects. With the rise of bitcoin prices, transaction costs will further improve, and bitcoin is no longer suitable for small transactions.

I agree with you in that small Bitcoin transactions are not longer worth paying the fee price. Which I suppose is fair enough we want the prices to be lower but this won't work until there are enough dynamic people trading and exchanging to make up for the lower fee.

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July 31, 2018, 03:35:54 PM
 #139

Bitcoin transactions fee is quite higher and expensive more than the ethereum transactions fee. This fees is also dependent on the site you are doing the transactions on and the quantity of bitcoin you are transacting.

of course, the cost of bitcoin transactions is higher than eth, with so many of our friends who are less able to buy bitcoin, because their capital is only a little, so capital for bitcoin is pretty high and we also need a personal fee to buy bitcoin.

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July 31, 2018, 05:29:36 PM
 #140

There is no doubt bitcoin fee is higher when compare to ethereum fee during transaction. However, one need to understand that the type of wallet and where you are sending it to(either internal or external transfer) , and how fast you want the transaction to be completed determine  the charges you are to pay. Internal  transfer is usually free but external transfer require charges.
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