Bitcoin fees

[Dondont]

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.

This is also become one of the thing that should be resolved soon. Bitcoin has a problem about its fee, also if calculated by bitcoin price right now. its still cant be compared. Some wallet provider and exchanger should make a rule about fee bitcoin.

i.e make a fixed fee 0.0001 BTC within certain amount of withdrawal maximum 0.1 BTC

[1715049901]

1715049901

[1715049901]

1715049901

[hakertajniak]

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.

in ethereum you can visit the site ethgasstation.info to know how much is the standard price of ethereum fee.
but for bitcoin, i don't know where to find out. but i think bitcoin fee is higher than ethereum fee if you compared them.

[juiceannabel]

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.

The fees of the coin is depend on the price of coin itself. For example bitcoin fee is higher than ethereum because bitcoin usd value is higher.
ethereum transaction fee is determined by the network. A network congestion can causing us to use more gas (fee) to send coin.

[klavyemaus52]

They are really so much i think bitcoin is bad idea for ''use'' but if you want to get profit u should buy bitcoin u should do transfers with altcoins

[Mr.Dick]

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.

If the fees are a criteria to you, you should also take a look at 3. generation currencys such as iota or ripple!

[stely41]

They are really so much i think bitcoin is bad idea for ''use'' but if you want to get profit u should buy bitcoin u should do transfers with altcoins

Supporters hope that bitcoin will one day offer the best of both worlds, supporting high demand and "low" fees that reflect the quality of service, while also supporting miners, computer operators who devote real-world costs to securing transactions.

[oliiecrypt3]

Both fees are frustrating but the advantages surpass the frustrations.

[samuraijin]

I only recommend not to do too many small transactions, if you want to make transactions at least in large quantities so that the transaction costs look very small and you no longer really think about it, I think the transaction costs are looking cheap now and in fact not too questionable.

[penig]

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.

Stop using that website!!!. It is always wrong, asking you to pay more than is needed.

Is bitcoinfees.earn.com systematically overestimating fees?

Use https://coinb.in/#fees.

Right now bitcoinfees is showing 50 satoshi per byte fee when a 10 satoshi per byte fee is enough for confirmation.

The site you point to states they recommend a fee of get it into the next few blocks.  Bitcoinfees gives a recommendation for the next block.  It also shows  graph to let you decide other options, though i wish they'd show the total fee calculation for each band, not just the lowest 0 block wait.

[hogriderr]

most transactions are processed for free, but for transactions that pull coins from many Bitcoin addresses so require a larger portion of data, it will incur a very small transaction fee but if the bitcoin price jumps are definitely charged the cost increment.

[stompix]

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.

Stop using that website!!!. It is always wrong, asking you to pay more than is needed.

Is bitcoinfees.earn.com systematically overestimating fees?

Use https://coinb.in/#fees.

Right now bitcoinfees is showing 50 satoshi per byte fee when a 10 satoshi per byte fee is enough for confirmation.

The site you point to states they recommend a fee of get it into the next few blocks.  Bitcoinfees gives a recommendation for the next block.  It also shows  graph to let you decide other options, though i wish they'd show the total fee calculation for each band, not just the lowest 0 block wait.

Right now bitcoinfees was showing 25 sat/b for getting into the next block.
The block mined was block 521946

Just a few example of transactions included in this block:

https://blockchain.info/tx/f33155507239720e146ca3f03f7e6f22c49334ef311d460a22e85bf2edaa3aa2
Fee per byte   1 sat/B
https://blockchain.info/tx/2929af0f4242b8e0d248b47b6ee219d5f199d081d4d2d93b7085379cf5a6e87a
Fee per byte   1 sat/B
https://blockchain.info/tx/8f1ddbcb8dc15676d6119d55f8792fe2a2f0dccdbf86e26904e8cc1253607940
Fee per byte   1 sat/B
https://blockchain.info/tx/fa487ebf3354f82b335b1f6d362f2917745f9d22d33d1a7b770b9eb890b07271
Fee per byte   1.003 sat/B

Half of the block is made of transactions under 10sat/b and that website claims you should pay 25sat/b for getting into the next block?

[Stedsm]

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.

Probably a lot different in many ways.
If you use SegWit - you'll be paying not more than a few cents for your transaction to go through.
If you use Legacy wallets - you'll end up paying higher fees because SegWit discounts your transactions based on the number of total inputs that your SegWit address had.
Lightning Network is one another alternative that could bring this scalability issue to an end, but it's still not in an understandable format ATM (at least I can't understand it well).

But, comparing speeds, ETH does it a bit faster for you than Bitcoins because if the network isn't congested (recently, it got too much messed up), ETH transactions go through almost instantly and 30 block confirmations are a matter of few minutes to let other party (recipient) access your sent ETH on the other side.

[copoyes]

which I know is judged from its block and its density, it must be several blocks in order to get to send and how much perblock it may be the difference

[matthewoz101]

As of April 2018, the average Bitcoin transaction fee is over 95% less than the fees seen during the cryptocurrency rush of late 2017. The average BTC fee is around $1 rn. The lightning network should make the fees significantly smaller, along with faster transaction speeds.

Many people, including myself, Sell BTC for ETH or LTC, and then use those coins to transfer to an exchange, then resell for BTC.

Ethereum fees are about $0.03 right now. Go figure why most people prefer using ETH over BTC. Hopefully that will change in the near future.

[bitvalak]

as far as I'm concerned, the fee depends on the amount of miner and the amount of the transaction. If the number of transactions a lot then the amount of miner also must be a lot to minimize the cost of high fees. I think that all of the coins or basic tokens act like that.

[bitctrimor1]

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.

In the recent times, Bitcoin transactions have commanded higher and higher transaction prices because that's where most of the Bitcoin trading platforms and businesses get their profit because the exchange of Bitcoin, in itself, is free of charge. So, for those entities that are geared to gain profit from cryptocurrency transactions, that's where they will look at and focus on, in terms of gaining profit.

[Abigail Asi]

I personally think the charge is more of the wallet or exchange of the transaction.

[stayeduptolate]

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 fee has been going through a lot of controversy that they are charging very high amount of transactions fee from their consumers and therefore most of the user are either hesitating in investing into bitcoin or moving to other crypto currencies, this irregulated mean has create many problems to its users and this has become one of the reason why governments and other large companies are not against bitcoin and do not want to invest their money into bitcoin in fear of losing their money.

[sergio-faucetbitcoin]

The fees on each network will depend on how many transactions there are on each of them. In early 2018 fees on Bitcoin were up to 20$ at one point ! For the future, it will also depend on the Lightning Network for Bitcoin and maybe projects like Raiden Network for Ethereum, which is basically LN for Eth.

[kang.reus]

Bitcoin is a very highly profitable and profitable investment place for people who are successful or have managed their investment by traiding or other ways concerned with the name of bitcoin sites, bitcoin also privileges the penginvesnya because bitcoin is a place of very modern investment and digital se will will follow the current world era.