KingScorpio
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January 07, 2019, 03:09:26 PM |
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I've seen a lot of wrong answers, and a lot of right (but incomplete) answers. So i'll try to give a complete answer this time ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 1) It IS possible to create a transaction with 0 fee... But the developers of a lot of modern wallets edited the functions of their programs so 0 fee transactions can not be created... If you want to create a 0 fee transaction, you can do it using the createrawtransaction command of bitcoin core (either from the cli or from the debug window), you can also use the electrum console... There might be other wallets that still allow 0 fee transactions to be generated, but bitcoin core and electrum are the wallets i've actually used for creating 0 fee transactions. Do be carefull here: there is a difference between CREATING a 0 fee transaction (which is easy) and getting the 0 fee transaction BROADCASTED to the network (which is hard). 2) the first main problem AFTER you created a 0 fee transaction is getting it relayed... A transaction will ONLY have a chance of ending up in a block IF it ends up in the mempool of the node of a miner first. A lot of nodes have a minimum relay fee, but if i'm not mistaking, a node owner CAN still modify the minimum relay fee and set a custom parameter so there is no minimum relay fee... The problem is that most nodes do have a minimum relay fee, so won't relay your transaction, so the odds of a 0 fee transaction ending up in the mempool of a mining node is small 3) the second main problem is that a miner has no incentive to add a 0 fee transaction. Historically high priority 0 fee transactions were added to blocks by the miners, but i don't think nowadays miners still honour high priority transactions jes that is possible, if you use "bitcoin certificates" on a bitcoin holding bank, and transact bitcoin to another user of a "bitcoin holding bank" the banks never transact the bitcoins, they simply change, the amounts of bitcoins in personal ownership.
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merclyn
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January 07, 2019, 03:21:48 PM |
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jes that is possible, if you use "bitcoin certificates" on a bitcoin holding bank, and transact bitcoin to another user of a "bitcoin holding bank"
the banks never transact the bitcoins, they simply change, the amounts of bitcoins in personal ownership.
"Bitcoin holding bank"? I guess an online wallet, or exchange? These are offchain, OP is asking about onchain tx's.
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MakeMoneyBtc
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January 07, 2019, 03:26:19 PM |
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Surely it's possible but I guess it's useless since no miner is going to broadcast you transaction to the network. Anyway, nowadays the fees can be as low as 1 satoshi per byte and that's more than enough for you transaction to be confirmed. So you don't have to pay more than 200-300 satoshi around 0.01$, you won't even notice it. In past there were a few wallets were you could make as many transactions as you want because they would pay all your fees. But since fee increased in last years and more people were accessing those wallets, many of them stopped paying fees for their users. There could still be wallets that offer this service but they are either new wallets or scams.
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mocacinno
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January 07, 2019, 04:16:43 PM |
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jes that is possible, if you use "bitcoin certificates" on a bitcoin holding bank, and transact bitcoin to another user of a "bitcoin holding bank"
the banks never transact the bitcoins, they simply change, the amounts of bitcoins in personal ownership.
"Bitcoin holding bank"? I guess an online wallet, or exchange? These are offchain, OP is asking about onchain tx's. Exactly! My post was not talking about web wallets that do not give you access to your keys and just use a central hot wallet while credting user's account balances in a (relational) database. Such an online wallet is just 1 single wallet to the outside world, no matter how many accounts exist on their service. I don't care if an online wallet does not charge a fee to update 2 records in their private database... This is completely beside the point... As a matter of fact, i'd recommand everybody to stop using online wallets
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Artemis3
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January 07, 2019, 04:38:33 PM |
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You can technically do it, but its unlikely it will ever get relayed, as most nodes will drop them. I think Bitcoin Core v18 will finally allow in the ui to specify 0.1 sat/B, we will see. Curiously right now TX fees went up a bit, I wonder why?
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amonymous
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January 07, 2019, 04:49:00 PM |
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Checking think when I have to sent Bitcoin transaction coinbase to another coinbase account.then totally fee without we can transactions bitcoin.it is the good proof I have,but related to the coinbase mail. Actually now absolutely need to fee with transaction for the coinbase and anyone wallet. but exchanger to exchange need claim fee to our transaction process.but I know exchanger do it allow as the lower fee.
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bitbunnny
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January 07, 2019, 05:15:44 PM |
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Miners need their share, that is why paying fees is necessary. I know many users don't like fees but on the other hand everyone in the chain should get their share and I think this is fair. But today fees are really not high and you have the option to control them so there is no reason to complain, at my opinion. And nothing is completely free, so isn't the using Bitcoin either.
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merclyn
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January 07, 2019, 05:27:28 PM |
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I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..
This is possible on the lightning network. Yes you will be sending BTC, and you can do this on the lightning network. It will require a fee to get your BTC in and out of the Lightning network, but once you open a payment channel, you can perform many transactions with no of very very little fee.
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maianh09
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January 07, 2019, 05:31:50 PM |
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as far I know, that;s impossible.
This is possible but if we are living in 2016 when websites like xapo, coinbase supports fees for transactions. But now we live in 2019, and this is no longer happening, and there is no longer this developer supporting this. I believe you will not be able to find it and do not worry because the current fee for transactions is not too high ~ $ 2 per transaction.
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gentlemand
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January 07, 2019, 05:36:57 PM |
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I thought the free transactions was only applicable for transactions that was done between Xapo account holders and not applicable to any on-chain transactions. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) The reason why these transactions was free, was because it was off-chain and done on Xapo's internal ledger system. Interesting, I never knew Xapo paid for the miners fees too. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) I guess they covered those fees with the other fees they charge for the debit card and subscription fees? If Greg Maxwell says it's possible, that's good enough for me. However it is a three year or more year old comment so perhaps many things have changed. Coinbase Pro/Gdax also paid outgoing fees though I presume that will have stopped a long time back too. I wonder how much in total Xapo and Coinbase swallowed in network fees for their punters overall. Other than guarding the funds of their rich friends I'm not really sure what Xapo does any more.
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detector
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January 07, 2019, 05:41:28 PM |
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Without fee, your transaction will be never get confirm. It's similiar when you're using WU to send money globally without the fee, the process can't be done !
It's life so they must get paid to get it done !
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whirlcoin
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January 07, 2019, 05:45:44 PM |
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Without fee, your transaction will be never get confirm. It's similiar when you're using WU to send money globally without the fee, the process can't be done !
It's life so they must get paid to get it done !
Yes you are correct without pay any fees will not be confirmed as a transaction you can definitely pay something for that to transact your Bitcoin to other it is also one of the good way to convey yourself as what we are doing.
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bit-freedom
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January 07, 2019, 05:57:49 PM |
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No, it is not possible to send Bitcoin without a transaction fees. No miner will do that for you.
If you are a coinbase user, you could send Bitcoin to another coinbase user for free using the email as address.
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Biocatens
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January 07, 2019, 06:00:09 PM |
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no you cant :/
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Theb
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January 07, 2019, 06:27:22 PM |
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I'll just quote my previous post here : If you really want to save on transaction costs you can try to use hybrid wallets that have an off-chain transfer within their system such as Coinbase, there is no transaction cost or any network fees involve and the BTC transfer are always instant. The only catch is your recipient must also have the same wallet as yours which in this case should also be a Coinbase wallet address. These off-chain transfers come in handy especially when you don't want any network fees involve.
It seems like a lot of people here still doesn't know what off-chain transactions are but it usually works between two wallets of the same kind usually 3rd party wallets like Coinbase and Xapo have off-chain transactions. The transfer is also done in-app or their website just like any normal transfer just make sure the address you are sending at is an address from the same wallet you have. Also if you have some local wallet providers existing in your country then for sure they are offering off-chain transactions as well.
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hridoyb
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January 07, 2019, 06:49:32 PM |
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I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..
It's impossible to sending btc without a transaction fee. Bitcoin Miner can reduce your transaction fee or if you want to delay your transaction but its impossible to any miner success your transaction without fee
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kingpin4321
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January 07, 2019, 07:05:01 PM |
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Well I don't think it's possible to complete a bitcoin transcation with out transactions fee. Like the name implies transcation fee that it's part of the whole system
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FedorIzmailov
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January 07, 2019, 07:16:16 PM |
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Bitcoin technology itself does not allow us to remove transaction fees as miners will not be able to earn
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BetiX
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January 07, 2019, 07:35:47 PM |
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Of course, it is possible. Bitcoin will be $1m when your tx done! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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H1N1
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January 09, 2019, 02:26:42 AM |
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I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..
Even in the smallest amount of sending bitcoin, you will need some fees to pay your transactions. This is actually benefiting for us, because the fees will stay same without regarding your transaction amount, even the big amount still need only small fee.
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