Bitcoin fees

[ajiejot]

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.

It is based on the traffic of the coin, for example, if there are many transaction at the same time in the network, it is the traffic of the network. For example in ethereum, there are many people sending ethereum to another wallet at the same time, so sometimes, the transaction fees are very high and expensive.

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[royalparade01]

Transaction bitcoin charges usually occur for free if the amount of Bitcoin shipped exceeds 0.01 BTC. Bitcoin in small quantities is given to miners as a reward for processing the transaction and putting it into blockchain. For now, most transactions are processed for free, but for deals that attract coins from multiple Bitcoin addresses so that it requires a larger portion of data, it will incur very small transaction fees.

 
The fees displayed here are Satoshis (0.00000001 BTC) per byte of transaction data. Miners usually include transactions with the highest fee/byte first.
Wallets should base their fee calculations on this number, depending on how fast the user needs confirmations.

[Jimmi Andersen]

Since we are talking about transaction fees, let me draw an analogy. Bitcoin has the most expensive Commission among all crypto-currencies. Ethereum has a much lower transaction rate, and it is much faster. Eos without Commission at all, but it found a lot of broken codes. Make a conclusion what coin is better. My choice Ethereum

[Arafat01775]

To me its normal think. Again many people think that its high. But not only bitcoin transaction fee is high than other coin. Its all fees are same fore currency. Its tottaly depends on your mind.

[richpham]

There will be upcoming sites that can look at this trend to attract more customers in the near future. For example, if you transfer bitcoin to other users using the same site, there is no charge, but if you plan to send it to an external wallet then that is the time you will pay huge transaction fees.

[HatakeKakashi]

Bitcoin and ethereum fees now is good or very low compared to the last year december 2017 when bitcoin reached 20k dollars the transaction fee increased too. But because bitcoin decreased price the fee also is decreased and this is very helpful.

[pedropenduko001]

I think the higher the price the higher the fees it will be for transaction process that's what i know

[Luigieee]

Bitcoin was fee was high compared to ethereum,because bitcoin has so many user and the blockchain was getting to traffic so they need to take the fee into high to be getting fast you transaction.

[Shreek]

on average I do withdraw using BTC in charge fee 0.001 BTC or equivalent to 6 USD
and if I withdraw using ETH is usually loaded at 0.005 ETH, or about 3 USD, but the Ethereum network that often experience constraints makes me prefer withdraw in the form of BTC

[dmty.0809]

For fee fee is seen from the price of coins, the more expensive the price of bitcoin and ethereum then the tax will be more expensive, I am sure it is. If the bitcoin price is 1 billion, then the tax could be 1 million transactions

[pendong101]

I think the higher you pay for fee is the faster you get transaction confirmation and it depends on the coin price too that's what i know

[triciaa478]

The bitcoin transaction fee is extremely low. It is based on modern blockchain technology. This is a great opportunity for investors to enter the cryptocurrency market with ease. Future bitcoin will increasingly attract more investors.

I don't think you have traded bitcoin before , if you have you won't say the bitcoin transaction fee is low. At a low peak when the network is not congested, I pay about 5 percent on my transanctions from blockchain.info account. Even that is not priority ,but regular.

[stompix]

The bitcoin transaction fee is extremely low. It is based on modern blockchain technology. This is a great opportunity for investors to enter the cryptocurrency market with ease. Future bitcoin will increasingly attract more investors.

I don't think you have traded bitcoin before , if you have you won't say the bitcoin transaction fee is low. At a low peak when the network is not congested, I pay about 5 percent on my transanctions from blockchain.info account. Even that is not priority ,but regular.

It's you who is not understanding what fees are, not him.
You pay from a web wallet, a fee that is imposed by the company that owns it.
Blockchain.info can set withdraw fees as they wish, it doesn't matter what the average tx on the blockchain (not.info) is.
Same for locabitcoins which charges a deposit fee!!!!

In the last block, this tx got confirmed..

Total Input   2 BTC
Total Output   1.999995 BTC
Fees   0.000005 BTC

Is this low enough for you?

[musta5a]

So, bitcoin fees are really depends on the value of bitcoin. Like of bitcoib goes up the bitcoin fess will also goes up quite. And when the bitcoin drops then that is the time bitcoin fees will go down. Bitcoin value and bitcoin fees are directly proportional. And with bitcoin fees it is the only way of income of some websites so it's like you gain you share.

they go higher if you think of them in fiat. But truth is that if the price spikes then people are more interested in crypto and we see higher volume of transactions. That needs to be fixed

[patron bounty]

The bitcoin transaction fee is extremely low. It is based on modern blockchain technology. This is a great opportunity for investors to enter the cryptocurrency market with ease. Future bitcoin will increasingly attract more investors.

I think at this time the cost is still too high, but we do not know.
maybe in the future bitcoin transaction costs will become cheaper than at present.

[waitforme]

It is possible that Ethereum's current fees are meagre compared to Bitcoin because Ethereum has a lower price than Bitcoin. If Ethereum has the same rate as BItcoin, I'm sure the cost per transaction will be double Bitcoin.

[Lagduf]

Bitcoin was fee was high compared to ethereum,because bitcoin has so many user and the blockchain was getting to traffic so they need to take the fee into high to be getting fast you transaction.

Before try to create any comment and i suggest you to visit this site https://bitcoinfees.earn.com/
The transaction fees is very cheap right now and then you can try to fuck off and stop to create the more bullshit thing about that. You are speaking nothing about that.

[tungaqhd]

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.

I am using blockchain wallet and the fee is very low i think (because i alway set it less than 4 usd). I think ETH fee is much higher i think but the speed might be faster because bitcoin transaction is very slow when there are too many people send it.

[suindendoshi]

From my experience, I can say that the Commission of bitcoin is much higher than that of Ethereum. Also, bitcoin has a very small number of payments in processing and transactions can hang for a long time waiting for confirmation. I can't say the same about Ethereum. But here, too, there are disadvantages. There are other coins for example like waves which really have quite a lot of advantages unlike bitcoin and Ethereum.

[IanKaramazov]

If you use exchanges, it vary.
Generally bitcoin has higher transactions fee.
If you use wallet, it depends on how much you are willing to pay for the fees to get a higher speed of confirmations. You can pay as low as almost zero fee for both bitcoin and ETH with wallets.