Bitcoin Forum
May 08, 2024, 11:39:24 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: What is your ideal transaction fee for Bitcoin transactions?  (Read 1371 times)
crypteris
Newbie
*
Offline Offline

Activity: 159
Merit: 0


View Profile
October 29, 2018, 07:59:32 PM
 #81

It's quite an interesting topic. Honestly, I have never even thought about that. It's natural for the exchanges to charge fees, and transaction fees change depending on the trade volume. The higher it is, the less you pay. There could even be options with no fees for transaction. Say, on CEX, if you've decided to buy BTG for EUR (https://cex.io/btg-eur) by VISA or MasterCard, you will have to pay about 2.99%. But doing it via bank transfers, you won't be charged anything.
1715168364
Hero Member
*
Offline Offline

Posts: 1715168364

View Profile Personal Message (Offline)

Ignore
1715168364
Reply with quote  #2

1715168364
Report to moderator
1715168364
Hero Member
*
Offline Offline

Posts: 1715168364

View Profile Personal Message (Offline)

Ignore
1715168364
Reply with quote  #2

1715168364
Report to moderator
1715168364
Hero Member
*
Offline Offline

Posts: 1715168364

View Profile Personal Message (Offline)

Ignore
1715168364
Reply with quote  #2

1715168364
Report to moderator
The forum was founded in 2009 by Satoshi and Sirius. It replaced a SourceForge forum.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715168364
Hero Member
*
Offline Offline

Posts: 1715168364

View Profile Personal Message (Offline)

Ignore
1715168364
Reply with quote  #2

1715168364
Report to moderator
1715168364
Hero Member
*
Offline Offline

Posts: 1715168364

View Profile Personal Message (Offline)

Ignore
1715168364
Reply with quote  #2

1715168364
Report to moderator
basyang
Full Member
***
Offline Offline

Activity: 644
Merit: 100



View Profile
October 29, 2018, 10:10:24 PM
 #82

Has anybody considered what the Bitcoin users want for transaction fees for their transactions? Yes, we can set the transaction

fees for our transactions in some wallets, but if you were given one set percentage of what you want to pay for transactions,

what would you choose? Let's say, this is based on the amount of bitcoins you are sending and not the transaction packet

size.  Roll Eyes

In the tax system, people with more money pay higher taxes and people with less money pay little or no taxes, so it would

make sense to apply this to Bitcoin too. {I am just playing Devils Advocate, because I know people will split tx's if this was

done.} Let's say they increase the amount, if it comes from the same Bitcoin address.... forcing people to use new Bitcoin

addresses and increasing pseudo anonymity.  Tongue

What percentage of your total transaction, would you be willing to pay for transaction fees, if this was done? {We might see

this with the future Bank Coins, because they like to do that.}  Cheesy



If you will ask me if what is my ideal transaction fees then it is 5% or fixed amount. Many of us here are not enough profit because of there ranks and having a hard time to have a merit so they are stock up in a lower positions. Some transaction fees are 10 to 20 percent which is give us burdensome and I think it is not fair especially to those bitcoinist that has a little income.

.com/?utm_source=BCT&utm_medium=Sig&utm_campaign=MD&utm_term=Full]M I N T D I C E[/url] ◉◉ MULTIPLE CURRENCIES. MULTIPLE GAMES. DONE BETTER. ◉◉ M I N T D I C E
Introducing the world's best fully featured cryptocurrency casino
▬▬▬▬▬▬▮ Facebook[/url
kucritt
Full Member
***
Offline Offline

Activity: 616
Merit: 100



View Profile
October 30, 2018, 12:04:23 AM
 #83

i agree with the fee system right now, high fee is make the transaction be the priority and it will fastest than use the low fee. but it should lower than now for the fee because right now the fee is too high i think

Siti Nurbaya
Jr. Member
*
Offline Offline

Activity: 490
Merit: 1


View Profile
October 30, 2018, 01:43:51 AM
 #84

High and low costs are indeed influential but with better services will certainly be very influential for this. The ideal cost of most of the 2% is enough, which is ensured that service can satisfy the holders.
sieemma
Sr. Member
****
Offline Offline

Activity: 980
Merit: 253


View Profile
October 30, 2018, 08:36:10 PM
 #85

The transaction fee also called miners fee is set to allow miners to activate your transaction or put your transaction the the next block to be mined. Everyone has the choice to change this value depending on when to expect the transaction to be done. I usually spend 100000 sat when I want to make my transactions instant.
1Referee
Legendary
*
Offline Offline

Activity: 2170
Merit: 1427


View Profile
October 30, 2018, 09:12:55 PM
 #86

If you will ask me if what is my ideal transaction fees then it is 5% or fixed amount. Many of us here are not enough profit because of there ranks and having a hard time to have a merit so they are stock up in a lower positions. Some transaction fees are 10 to 20 percent which is give us burdensome and I think it is not fair especially to those bitcoinist that has a little income.

You do realize that the world doesn't only evolve around people moving small values back and forth, right?

I conduct transactions almost on a daily basis, and in the last couple of months I haven't had to include more than $0.02 in transaction fees to get first/second block confirmations. You're either wasting your time on faucets and whatnot, or you are trying to consolidate an x number of inputs resulting in a higher than average fee.

Tip; In case of the latter, before you go to bed, try to consolidate your inputs in an as efficient manner as possible, add a below average fee, and when you wake up your transaction is confirmed.

I absolutely love the current fee structure, because I can buy myself priority by simply adding a higher fee.
jobukegoya
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile
November 22, 2018, 06:23:26 AM
 #87

we certainly will want a small fee, because for the transaction fee seen from the price of the coin, the more expensive the coin will be the more expensive the tax.
Actually the cost for bitcoin transactions is very cheap, because the amount to be paid depends on the number of transactions. But in general the cost of bitcoin transactions ranges from: 0,0001 - 0,0005 BTC. The greater the transaction, the greater the transaction costs.
faceoff97
Full Member
***
Offline Offline

Activity: 644
Merit: 113



View Profile
November 22, 2018, 11:45:03 PM
 #88

If you want lower transaction, you should choose wallet that supports segwit addresses. Segregated Witness (Segwit), is a different kind of transaction format for Bitcoin. Segwit changes the way in which information is stored on the blockchain, it allows for a reduced transaction size. This simply means that SegWit addresses enable bitcoin users to make cheaper and faster transactions. Check out available wallets such as Hodler wallet and samurai, it supports segwit addresses.
integrity42
Full Member
***
Offline Offline

Activity: 476
Merit: 100



View Profile WWW
November 26, 2018, 08:51:43 PM
 #89

Everybody are dreaming about the zero taxes and fees, but I understand that this is completely impossible, so I am happy with those present now!

messito
Jr. Member
*
Offline Offline

Activity: 154
Merit: 1


View Profile
November 26, 2018, 08:55:34 PM
 #90

less than one dollar. Bitcoin will never be available for calculations in the whole day life if the price is so high

[ M O B U ] The Investment Bank of the Future
The Security Token Protocol and Licensed Security Token Exchange
https://mobu.io/
bloodyvio
Full Member
***
Offline Offline

Activity: 546
Merit: 102



View Profile
November 26, 2018, 11:04:29 PM
 #91

transaction fee is not a problem for me
the most important thing is the confirmation speed
so i can make payments quickly
but the ideal transaction fee for me is around $0.05

tanxpresisit514
Newbie
*
Offline Offline

Activity: 75
Merit: 0


View Profile
December 19, 2018, 07:13:17 AM
 #92

0.5% should be the minimum fee for a single bitcoin transaction. This is because with the current fiat transaction fees I pay which is around 1-2%, 0.5% should be justifiable because there is already a network which provides all the necessary mechanism for generating a transaction and a company will just have to make sure that the account's private keys are secured
I think the ideal is 0.5% for each transaction to be cheaper than bank transactions. Transactions using bitcoin are cheaper, because transactions that occur between wallet owners and recipients are very effective and efficient because there are not too many rules. The security factor must be taken care of themselves because the wallet contains bitcoin, the private key is only the owner who knows.
btyco
Copper Member
Jr. Member
*
Offline Offline

Activity: 364
Merit: 4


View Profile
December 19, 2018, 07:45:03 AM
 #93

There are teo parties that are important here. The miners need encouragement to mine, but also users need a reason to switch from fiat. 0.01 will make it good for users, with a 10 dollar cap at the high end

DarkPayCoin - [100% community governed and built]
[-] Website  [-] ANN Thread  [-] Discord  [-] Twitter  [-] Telegram
\ HIGH ROI, Low supply / - \ A privacy focused MN/PoS coin /
burky156
Full Member
***
Offline Offline

Activity: 658
Merit: 112



View Profile
December 19, 2018, 01:00:59 PM
 #94

Has anybody considered what the Bitcoin users want for transaction fees for their transactions? Yes, we can set the transaction

fees for our transactions in some wallets, but if you were given one set percentage of what you want to pay for transactions,

what would you choose? Let's say, this is based on the amount of bitcoins you are sending and not the transaction packet

size.  Roll Eyes

In the tax system, people with more money pay higher taxes and people with less money pay little or no taxes, so it would

make sense to apply this to Bitcoin too. {I am just playing Devils Advocate, because I know people will split tx's if this was

done.} Let's say they increase the amount, if it comes from the same Bitcoin address.... forcing people to use new Bitcoin

addresses and increasing pseudo anonymity.  Tongue

What percentage of your total transaction, would you be willing to pay for transaction fees, if this was done? {We might see

this with the future Bank Coins, because they like to do that.}  Cheesy




high fee / fast transaction
low fee/ slow transaction

It seems very fair but if you procces your thought you could pay big ammount of money when you send big ammount of bitcoin (high fee / fast transaction
low fee/ slow transaction). For me is todays bitcoin transactoin fees is fair enough and i would never wish that it changes. When i make bitcoin transaxction today i am paying like 0.0001 and it makes $0,38 and it is quite acceptable. I wish that stays in this level.
Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!