Transferring bitcoins and fees

[kryptqnick]

I've multiple wallets and I was wondering if I keep transferring bitcoins among these wallets (my own wallets ) will that eventually consume all my coins (keep paying fees )?

Obviously, yes, it will, due to every transaction need a transaction fee. Not unless if you use a wallet such coinbase and send to another coinbase wallet which are hosted web wallets that never as ask any fees in transferring funds.

But for what reason you would do that?

Technically, I am not sure the user will run out of coins completely. I depends on the fees and the initial amount, but if the user is left with an amount that is not even enough to cover transaction fees, this person is kind of stuck with it. Well, of course, one can try to send it nevertheless and then the transaction might be successful once the fees get smaller, but then this process of getting rid of the last tiny bits of coins can take a really long time. Unless, of course, the person customizes the fee and sets it to the exact amount of what's left in the wallet.

[kucritt]

yes you should pay the fee,the blockchain system is not care about number of your wallet, when you send the bitcoin it will be charged for the fee, and i think that it will very fair, for all people that use bitcoin and other platform that use blockchain system

[dmty.0809]

To reduce fee fees, my advice, you can buy doge coins, because only doge coins have the cheapest fee. Please try. 

[Julunguul]

Every transaction that has been made in the network always spent the fees, no matter it was the same owner or in the same company of exchange, it will keep use it fees to make it work, what is yout actual purposes sending bitcoins to your own wallets ?

[pawanjain]

I've multiple wallets and I was wondering if I keep transferring bitcoins among these wallets (my own wallets ) will that eventually consume all my coins (keep paying fees )?

We don't know whether the addresses belongs to you or not, the world doesn't know whether the addresses belongs to you or not because bitcoin has been designed this way.
It's anonymous and hence every address is unique. So yes every transaction will require a fee whether the address belongs to you or not.
So yes all your funds will be used when the transactions get mined and all your funds will eventually be split into miner rewards.

[Harlot]

The question is what is the purpose of transferring your coins wallet to wallet if you will only keep it up to yourself? I don't see any purpose for this as you aren't meaning to save fees for transferring to any recipient aside from yourself. Well the only solution I can think off is wallets that allow off-chain transfers just like Coinbase which offers free off-chain transfers, the only bad thing about off-chain transfer to work is you need to have the same wallet to make it which means it needs to be Coinbase to Coinbase transfers.

[kctan7373]

This is funny, why do you want to keep doing that? Will this not amount to wastage of your funds since they still belong to you, or just an effort from you without any value been added!

I've fractions of coins in multiple addresses so I was thinking to "put" them all into one single address, and now it seems that will cause the fee problem

Would you tell us if this multiple wallet address belongs to the same public key or the same recovery seed?
If yes, I guess that's okay to do that (but not recommended), since it will only spend a single fee but on the other hand it will cause you higher fee due to lots of inputs (you will see a warning message for sending to your own address on some wallets).

But if not, that's alright but same thing, fee will eat up large fraction of your funds doing that.

It belongs to the same recovery seed.

[kctan7373]

Why do you use multiple wallet, did you cheat at bounty or airdrop project, you can use your one wallet for transferring your bitcoin to other exchange account with less fee, never use multi account for joining at bounty or airdrop project because is not good ideas.

No, I'm not cheating. I've used diff wallets like electrum, Bitcoin-wallet..etc and am planning to "move" them all to a brand-new hardware wallet.

[deisik]

Why do you use multiple wallet, did you cheat at bounty or airdrop project, you can use your one wallet for transferring your bitcoin to other exchange account with less fee, never use multi account for joining at bounty or airdrop project because is not good ideas.

No, I'm not cheating. I've used diff wallets like electrum, Bitcoin-wallet..etc and am planning to "move" them all to a brand-new hardware wallet

But why were you doing that?

You could just go along with importing private keys without actually moving your coins anywhere. After you are done, you can then collect all your coins in one address (if this is what you are looking for, of course). Since you seem to care about fees so much, it looks like you don't have a lot of bitcoins, then why all the fuss really? It just doesn't look like a very smart idea to shuffle your coins around