Bitcoin fees

[Asimmo]

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.

Really didn`t know this.
Is it valid for other websites as well?
Is BTC transaction fee the same for every exchange or it only depends beneficiary`s wallet address location?
Can someone clarify exactly?

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[buwaytress]

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?

I guess people only see what they want to see. And this is yet another example of actually how very few people there are "into Bitcoin" that know how to use Bitcoin at its most basic level. They get a Coinbase wallet or similar, have never interacted directly using their own private keys, and then complain about fees and how vulnerable Bitcoin is to hacks.

5% of transactions is also way ridiculous, I have been paying about 141 satoshis on almost every transaction made in the past 2 months. So even if I sent a dollar I'm barely paying 1% (and I don't send $1 payments).

[stompix]

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.

Really didn`t know this.
Is it valid for other websites as well?
Is BTC transaction fee the same for every exchange or it only depends beneficiary`s wallet address location?
Can someone clarify exactly?

What he describes is a user to user transaction between coin.ph wallets.
Is basically what paypal offers for personal accounts.
They don't actually do the tx on the chain, they just change numbers in your account, no coins are actually moving.

Tx fees on the chain don't care about the sender or the receiver, it's all about the tx size in bytes.

[tombola_official]

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.

Thanks for your reply.

[Olga1111]

I prefer in terms of transaction costs between bitcoins and ethereum I also prefer to use ethereum in transactions because ethereum is cheaper to use.

[richpham]

There will be upcoming sites that can look at this trend to attract more customers in the near future and that is to use a web hosting web wallet the same.

[Pan Troglodytes]

Whatever the ratio is at present it is irrelevant. The one that gets to be dominant in the market will experience same problems: getting stuck waiting for confirmations, incredibly high transaction fees, etc. We have seen it in Bitcoin in December of 2017 and this is current reality for Ethereum too.

It is because of the nature of those blockchains, of how it was ill-conceived, and I am really becoming more and more afraid that the devs cannot propose any cure for it.

[131tc01n]

the larger the bitcoin price the greater the transaction cost, but you can convert it to another doge or coin to make the transaction cost cheaper, I usually use doge or stellar, you can try it that way if the bitcoin transaction cost is too expensive

[Naughty Princess]

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.

That is also what I observed on different exchanges that requires high transaction fees even the price of bitcoin down but increase more when the bitcoin is getting much expensive which is unfair to those traders and investors. Even higher transaction fee can get fast transaction many are waiting for huge volume yo transfer to use efficiently the fee.

[Bounty_Manager100]

Bitcoin transaction fee is a little bit high now but because it is anonymous and it is safe, this price is ok to me

[gohan21]

As the price rises while the bitcoin price appears to increase, each FEE for transaction will occur in bitcoin okay with other altcoins because the bitcoin was bigger then the fee.

[Roy11]

As the price rises while the bitcoin price appears to increase, each FEE for transaction will occur in bitcoin okay with other altcoins because the bitcoin was bigger then the fee.

it is true, but now the cost of bitcoin FEE can be expensive than ever.

[Kasliono]

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.

When we are talking about fees, actually it depends on how many transactions which made to the coin (bitcoin or etherium). When people use bitcoin most. It means that the fees will be high, it will be happen the same on eth too

[Pan Troglodytes]

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.

When we are talking about fees, actually it depends on how many transactions which made to the coin (bitcoin or etherium). When people use bitcoin most. It means that the fees will be high, it will be happen the same on eth too

Totally agree. Moreover, it IS happenning on Ethereum, too, just look at what happened with the congestions caused by the apps (e.g. Crypto Kittie App). The congestion then causes transaction fees to increase to astronomical levels and here we are: bitcoin or ethereum, it doesn't matter.

[Pursuer]

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.

When we are talking about fees, actually it depends on how many transactions which made to the coin (bitcoin or etherium). When people use bitcoin most. It means that the fees will be high, it will be happen the same on eth too

Totally agree. Moreover, it IS happenning on Ethereum, too, just look at what happened with the congestions caused by the apps (e.g. Crypto Kittie App). The congestion then causes transaction fees to increase to astronomical levels and here we are: bitcoin or ethereum, it doesn't matter.

there is a big difference though!
the backlog in bitcoin was 90% spam attack against the network and most of that attack was from different campaigns wanting to force their scaling solution on bitcoin for their own purpose.
the backlog in ethereum was simply usage of it from ICOs and lots of other pointless transactions that are naturally occurring on it.

the difference is that bitcoin can handle its current adoption needs and handles the users' transactions well. but ETH can not even handle a small surge of transactions.

[Aizhen05]

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.

When we are talking about fees, actually it depends on how many transactions which made to the coin (bitcoin or etherium). When people use bitcoin most. It means that the fees will be high, it will be happen the same on eth too

Totally agree. Moreover, it IS happenning on Ethereum, too, just look at what happened with the congestions caused by the apps (e.g. Crypto Kittie App). The congestion then causes transaction fees to increase to astronomical levels and here we are: bitcoin or ethereum, it doesn't matter.

there is a big difference though!
the backlog in bitcoin was 90% spam attack against the network and most of that attack was from different campaigns wanting to force their scaling solution on bitcoin for their own purpose.
the backlog in ethereum was simply usage of it from ICOs and lots of other pointless transactions that are naturally occurring on it.

the difference is that bitcoin can handle its current adoption needs and handles the users' transactions well. but ETH can not even handle a small surge of transactions.

Yes it's totally right there is a big difference and bitcoins transaction fees are not the same in ethereum. Bitcoin fee are more high than ethereum fees.

[Richard Thompsonn]

I think that transacting with 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. You can compare properly here
BTC - https://bitcoinfees.earn.com/
Eth - https://bitinfocharts.com/comparison/ethereum-transactionfees.html
      - https://ethgasstation.info/

[Robert Brownn]

But for transaction and transfer fund all around the world, transfer fee on bitcoin and ethereum is lower than banks fee

[James Smithh]

Absolutely, 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.

[Charles Avilaa]

As far as I know, Bitcoin fees is more expensive as long Bitcoin's price is getting higher but its still far lower than banks fee when Bitcoin's price below $10k. Ethereum is more lower fee than bitcoin because as i know Etehreum's price  is more lower than Bitcoin.