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Author Topic: Fees are sky high  (Read 789 times)
adzino
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February 06, 2021, 07:23:25 AM
 #21

You can try sending your coins to an exchange with a lower fee and wait for hours/days for confirmation. Once it gets confirmed you can trade your bitcoins for BCH. Or maybe get some other coins that has very low transaction fee.
You can try using those transaction acceleration services (there are free tx acc. services, some people try to "sell" those. So be careful!), but I doubt that is going to work, but since it is going to cost you nothing, you can give it a go.

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February 06, 2021, 08:44:13 AM
 #22

transaction fee is now a big problem with BTC and ETH chains, if you dont have the bitcoin on the exchange, you will still have to pay for bitcoin transfer fees, and then convert it to maybe usdt and trade it for bch after your deposit reflects on the exchange.

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February 06, 2021, 08:51:18 AM
 #23

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
If you have a balance on the blockchain with a transaction fee of only $ 8, I think the amount is still very small when compared to transactions via the ERC-20 platform, because for now the average transaction gas fee is expensive, only the most expensive is on the ERC-20 platform, so the ones on the blockchain are still very good I think.
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February 06, 2021, 08:51:56 AM
 #24

The gas fee now that we are in a bullish season is also having its bull run and it is hurting us low funding investors whose hoping to invest with a crypto that we desired. Well in this case I suggest that instead of directly investing for BCH, try to invest first to a low transaction fee cryptos such as xrp, doge or ltc these token are good crypto to invest with as well.

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February 06, 2021, 09:09:38 AM
 #25

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?



Unfortunately for smaller amounts the transaction fee is just too high. The crypto prices increased a lot over the last few months and so did the fees. One way would be to set a lower fee for your transaction, but then it might be taking a long time for your transaction to be processed. At the current price levels I would recommend just to do large transactions with BCH. It might be cheaper to just a FIAT transaction instead.
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February 06, 2021, 09:36:16 AM
 #26

Nowadays the rate of high gas fees is alarming, a small income trader or small investors are unable to invest due to the high transaction fees needed to carry out any transaction, and sorry It's been a while since I used blockchain wallet, so I can't  recommend any method for now, but I would advice if there's anyway you can move that funds to binance or kucoin I think you can easily change that $35 to any cryptocurrency of your choice there.

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February 06, 2021, 10:10:32 AM
 #27

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
Dear the market is very High for that reason All of coin transaction fee is too high it is very pathetic for all of us only TRX may be transaction Price is Low and all of coin transaction price is too much high and also ETH gas fee is more from BCH.

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February 06, 2021, 10:14:25 AM
 #28

This tells that we are in the bull market now, it's confirm by this usual fees, Ethereum network also has high fees, so just hold on and don't sell if you can't take the fees. This soon will be back to normal once the market begin to be stable, so let's choose whether we like a stable market or bull run with high fees. By the way, fees are not a problem if you are transacting a decent amount of money, so we can't generally say that the fees are high.
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February 06, 2021, 05:26:48 PM
 #29

Is that really $35 fee on BCH blockchain for 1 transaction ? What exchange were you using at that time ?
I know that the transaction fee on Ethereum blockchain is high, but don't know about other coin.
Maybe you can try to convert the BTC into other coin first ? or waiting some time for lower fee on the network.
Nope, 35$ fees are not make for 1 transaction. He own 35$ and wanna buy BCH but problem is higher transaction fee. Eth & BTC transaction fees rapidly increasing, small amount holder badly facing this issue, they are not able to carry the charge of such a large amount. I think no way to avoid higher gas fees right now. So you have to wait for reduce.

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February 06, 2021, 06:57:26 PM
 #30

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

See if you can send that money to a reliable L2 where you can exchange it for BCH. L2 usually have 0 or very small fee's,so you might get some bang for your buck.
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February 06, 2021, 07:37:06 PM
 #31

I can't see any reason why would anyone have to pay $27 fee for BTC on-chain tx. The current fee is pretty low and I can't remember if I have seen such a ridiculous fee ever. Which wallet are you using & how many inputs are there in your tx? Have you received the BTC more than a few times? If so, that can be the reason for such a ridiculous fee. Or, it's very possible that you have your BTC in an exchange?

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February 06, 2021, 08:03:15 PM
 #32

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

Yeah, fees are abnormally high right now. I was forced to abandon all my Eth token based & Bitcoin trades because of these fees.

I will follow to see if anyone will come out with a working solution.

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February 06, 2021, 08:12:32 PM
 #33

We have found many times that the average problem is the same, which is related to shipping costs which are very unfriendly for small traders. it is difficult for us to find this solution, unless the Dev and his team make concessions for this very expensive cost. but that is not possible, they are doing business and looking for profits not see small or large traders.

But cryptocurrency is more an online thing and not like shipping. So why will the increase transaction fees just because demand is getting high? That is wickedness and it is not the original intention for digital money. The miners are evil and are killin the interest of people in cryptos.

It is not realized that gradually, if one exchange at a low cost emerges, it will have a great consequence to abandon the old and switch to the new.

That was how Binance was able to make a name for itself and beat the exchanges before it becauae it offered zero trading fee then and that got the attention of many traders.

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February 06, 2021, 08:32:30 PM
 #34

High fees are normal during the bull market. I attempted transferring $10 worth of BTC and guess what the fee would cost me around $40 which is way more than what I will transfer. This market is not favorable for micro-transactions and even for small-time traders since fees will kill your funds.
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February 06, 2021, 08:35:09 PM
 #35

what exchange you are using and why they charge 27 dollars for the fee but they maybe thinking that bch is an eth and no dont set the fee to low because horible things might happen if the exchange or the wallet that you use dont recomend low fee and accelators are scam.

they will say they can speed up your transaction but it will process with the same speed i have tried lots of them but the true that will work is i guess those that are paid but not worth it if your transacing with tiny amounts .
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February 06, 2021, 08:35:35 PM
 #36

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

Indeed, the problem with a large commission is now gaining momentum and, unfortunately, there is nothing we can do about it. This is due to the high demand for crypto assets and I believe that this will continue until large funds are purchased with the cryptocurrencies they need. As for the purchase of cryptocurrency, now it is difficult for investors with small funds, since they have to pay a large commission. In this case, you just have to wait until the commissions return to a lower level.
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February 06, 2021, 11:41:30 PM
 #37

I will follow to see if anyone will come out with a working solution.
Some proposal already created to fix this problem again the problem is miners didn't approve this proposal.
The party that can give the best solution is the ethereum developers itself. The users are just using the protocol and follow all of the rules that already created on such platform. i have abandoned all of my tokens due to the non sense fees these days.

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February 06, 2021, 11:46:00 PM
 #38

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

Try to transact at your local exchanges if they support BCH. Internal transfer between the same exchange is a more convenient and best alternative rather than transact it from between exchanges.

If not available, no choice but to spend $8 on your transaction or choose the lowest possible one then wait for a longer confirmation time if you are not in rush.
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February 06, 2021, 11:49:24 PM
 #39

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?

Try to transact at your local exchanges if they support BCH. Internal transfer between the same exchange is a more convenient and best alternative rather than transact it from between exchanges.

If not available, no choice but to spend $8 on your transaction or choose the lowest possible one then wait for a longer confirmation time if you are not in rush.

There are already local exchanges that directly convert your fiat to BCH. But it depends on where the OP is. If not, he can use the Binance p2p. Check first the fees involved before proceeding with transaction. As once you initiated the transaction, there's no going back. With such small funds, it is really not practical to buy alt if it will incur hefty fee.
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February 07, 2021, 05:32:22 AM
 #40

I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
Dear the market is very High for that reason All of coin transaction fee is too high it is very pathetic for all of us only TRX may be transaction Price is Low and all of coin transaction price is too much high and also ETH gas fee is more from BCH.
Actually all the coins that below top 10 market cap (except erc20 tokens) have low fees, its just the users too centralized in top cryptocurrency thats why the blockchain overflowed with many transactions as a result the confirmation arrives too long but then people use higher fee to overtake other people's transaction and the cycle goes.

Eth seem to stay this way for atleast few months in the future so be patient or move over to coin with better fee.

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