What is your solution to pay less Fee ?

[dkbit98]

the fact that most large cap cryptos are more safe and user friendly than Lightning Network.

That is absolutely not true!
Please don't spread misinformation like this again.

USDT Tether is largest cap possible and it can be frozen and controlled by single entity like it was done several times.
BNB is centralized junk controlled by CZ and few of his friends that is even more controlled that ethereum tokens.
I can continue like this all day long, but I won't waste time.

End of discussion for me.

[1715281598]

1715281598

[1715281598]

1715281598

[Coyster]

like some extremist maximalists who don't trust any cryptocurrencies except Bitcoin despite all its downsides,

Honestly there are only a few altcoins that has an actual utility, if i am to call; i'd say Monero and very few others, thus it is not strange for someone to use/buy only Bitcoin, i'd rather use only Bitcoin that purchase pump and dump coins.

Having said that, the Bitcoin network is open source, so people basically do not just "trust" Bitcoin, but they verify for themselves. What are the downsides you are referring to exactly, there is no invention without a disadvantage, but Bitcoin's advantages and use cases far outweigh whatever downside you can think of.

[Saint-loup]

Honestly there are only a few altcoins that has an actual utility, if i am to call; i'd say Monero and very few others, thus it is not strange for someone to use/buy only Bitcoin, i'd rather use only Bitcoin that purchase pump and dump coins.

Having said that, the Bitcoin network is open source, so people basically do not just "trust" Bitcoin, but they verify for themselves. What are the downsides you are referring to exactly, there is no invention without a disadvantage, but Bitcoin's advantages and use cases far outweigh whatever downside you can think of.

I wouldn't say all altcoins have an actual utility as you say, but many of them or several of them at least, are currently more useful than Bitcoin for the main current use cases of the blockchain technology : Web3, DeFi, GameFi, DAO, NFT, smart contracts, dApps, tokens, obfuscation, instant payments/transactions, cheap ones,... It's sad but currently BTC is almost useless for me because of its very high fees and the lack of adoption of the Lightening Network by merchants and platforms.

[_act_]

I wouldn't say all altcoins have an actual utility as you say, but many of them or several of them at least, are currently more useful than Bitcoin for the main current use cases of the blockchain technology : Web3, DeFi, GameFi, DAO, NFT, smart contracts, dApps, tokens, obfuscation, instant payments/transactions, cheap ones,... It's sad but currently BTC is almost useless for me because of its very high fees and the lack of adoption of the Lightening Network by merchants and platforms.

Bitcoin is almost useless for you? Why not tell your campaign manager not to pay you in bitcoin because it is not useful for you.

Altcoins are useful than bitcoin? Becuase the fall under DeFi, NFT, Web3, smart contract, dApps, tokens, instant payment/transactions, cheap ones? Are you serious. Most of what you listed are what scammers and hackers are using to make money and the recent advanced ponzi scheme are becuase of that

The only point you have is transaction fee. Then do not use bitcoin.

When it comes to utility, bitcoin is far useful. But when it comes to scam and hack, altcoins are mostly useful for scammers.

For fee, you can use lightning network.

Bitcoin is useful to the extent that you can use those altcoins, side chains instead. They are not bitcoin but they developers have bitcoin that they bought and pegged with it.

What about Ordinals and Inscriptions? They are also not done by bitcoin developers but that is part of the usefulness of bitcoin blockchain.

What I see about you is that you are not happy with how the transaction fee is, but bitcoin is far more useful for me. It also has the highest secure blockchain.

Bitcoin is accepted as a legal tender in El Salvador and CAR.

[LogitechMouse]

Re: What is your solution to pay less Fee ?

- Use ViaBTC for transaction accelerator.
- Use other coins.
- Don't make any transactions at all.
- Wait for the Ordinals hype to subside.

The 2nd & 3rd ones are somewhat correlated because if you don't want to make any transactions using Bitcoin, you will convert it into altcoin and then make a transaction using that one. I tried using ViaBTC once already, and it's helpful because they accelerated my transaction when the current fee was twice as high as the one that I put in which is obviously my fault. Lastly, Ordinals is the reason why the transaction right now is at its peak (or at least it's high). Just like what happened with NFTs, and ICOs, this hype will subside thus, transaction fees will go lower as well.

[Jon_Hodl]

First off, you need to use a wallet that gives you the option to set a custom miner fee. If you are unable to set your own fee rate, then your wallet will do it for you which will always be a problem because they tend to be imprecise.

Second, you need to avoid sending bitcoin on chain if you are able. There are a multitude of tools and services that enable you to send bitcoin on a second or even a third layer. This is just one of the many ways that bitcoin is scaling. An important part of how bitcoin is scaling is with the lightning network and the game theory of the lighting network is all about bidding down the cost of sending a payment rather than bidding it up which is how on-chain payments work.

Additionally, when you send an on-chain payment, you need to be the one who decides how many UTXOs you send because otherwise you will end up using more UTXOs that you otherwise would. This manual selection is commonly known as coin control and it gives you more manual control over how you spend your bitcoin.

If you use a wallet like Sparrow Wallet and use your own custom miner fees and you manually select which UTXOs you use to create transactions, then you will naturally spend less on miner fees than if you don't use these tools.

I hope this helps you to pay less fees. Best of luck.

[DVlog]

Re: What is your solution to pay less Fee ?

- Use ViaBTC for transaction accelerator.
- Use other coins.
- Don't make any transactions at all.
- Wait for the Ordinals hype to subside.

The 2nd & 3rd ones are somewhat correlated because if you don't want to make any transactions using Bitcoin, you will convert it into altcoin and then make a transaction using that one. I tried using ViaBTC once already, and it's helpful because they accelerated my transaction when the current fee was twice as high as the one that I put in which is obviously my fault. Lastly, Ordinals is the reason why the transaction right now is at its peak (or at least it's high). Just like what happened with NFTs, and ICOs, this hype will subside thus, transaction fees will go lower as well.

I need to learn about this ViaBTC transaction accelerator. I usually try to avoid any transactions when the network is congested. Sometimes i need to transfer my bitcoin to the exchange and i am a segwit user but the transaction fees are pretty insane here as well. Using other coins is a good option but i need to have my funds in the exchange first to do that.

This Ordinals hype is going crazy and till now i am not sure why there is so much hype about it. People are earning more bitcoin by using that?

[TakeItEasy]

Currently there is no magical way in running away from paying the fees showing on your wallet. You can use the viaBTC free accelerator as suggested by so many, but you need to remember that you have to set a lower fee before you use it. It works to accelerate the little fees you choose and not reduce the fee. Which means if it's going to take you a week or days to get your transaction confirmed the ViaBTC accelerator will reduce the time for you.

Can we use it for the Ethereum too? or it is only usable to the BTC? Because I also need some fund to withdraw to my trust wallet but the problem is when I try to transfer it from any exchange it requires a lot of fee which I don't want to pay because the Gwei is that much high so I can't prefer to send this Ethereum from Binance to my wallet.
Is there any other way in which If I send 10 USDT to that exchange and trade in that and in the return I would receive 10$ in the Ethereum.

Although 2-3$ if the gas fee I will manage it, but more than that also requires in the Binance exchange So i leave it due to this problem having a high fee for just some dollars of withdrawing from it.

[Myleschetty]

First off, you need to use a wallet that gives you the option to set a custom miner fee. If you are unable to set your own fee rate, then your wallet will do it for you which will always be a problem because they tend to be imprecise.

Using a Bitcoin wallet that provides the custom transaction fee is not totally the solution if it does help with transaction confirmation.
I believe the wallet that should be used is bech supported.

Second, you need to avoid sending bitcoin on chain if you are able. There are a multitude of tools and services that enable you to send bitcoin on a second or even a third layer.

If you avoid the use of on-chain Bitcoin and choose to use side chains then what you going to have is a token that is not the real BTC. An example wBtc.
What we need is Schnorr signatures and Taproot.

[dzungmobile]

Using a Bitcoin wallet that provides the custom transaction fee is not totally the solution if it does help with transaction confirmation.
I believe the wallet that should be used is bech supported.

Non custodial
Open source
Coin control feature
Segwit Bech32 supported
and more if you want more like privacy.

You can choose wallets with different filters https://bitcoin.org/en/choose-your-wallet from basics to advanced/ experienced.

See https://en.bitcoin.it/wiki/Bech32_adoption

[Saint-loup]

~

Hacking, scamming and Ponzi schemes are precisely what nocoiners and gold bugs blame Bitcoin for. So I don't think it's specific to altcoins unfortunately Bitcoin is maybe the highest secure blockchain but it's not safer than gold or cash money while it takes huge fees for every transaction and consumes much resources. And please don't say you can use Lightning Network if you want to save transaction fees because it's wrong, almost no platforms, merchants or crypto users accept LN payments. You talk about campaigns but which one pays its participants through LN nowadays for example?