Have you stopped using bitcoin for small transactions completely ?

[Asiska02]

Small transactions on bitcoin does not make any sense now at all. Like to make a $20 amount transaction, one has to pay about same amount, $20 in fees. This does not make any sense. Have you stopped using bitcoin for small transactions completely because of this reason ?

For transactions like this, you’ll only incur yourself more loss and it’s not advisable to continue using it for transaction when the mempool is congested. Most of the transactions I do with my bitcoin are mostly through exchanges. I usually take excess to use for myself and for smaller transactions and not going back within a short time to send money out from my wallet. Money used from exchanges after they’re sent there are converted to my fiat, so I don’t directly use bitcoin for payment but sometimes use stable coins like USDT through exchanges. In transactions that I pay using  cryptocurrency is when the receiver is also vast and uses crypto for transactions, it saves time to me and very fast as usual even though it’s through an exchange. In many cases, I use fiat for transactions, so I do bull conversion and then take from theirs for any transaction until it’s exhausted and I need to take from my wallet and convert to fiat again.

[Bobrox]

Stop awhile using bitcoin for small transaction after congested with network and have to bigger fees, its not worth yet when sending under amount around $20 to $30 we have to pay fees almost 30% of our amount sending transaction. Its normally with bitcoin has congested network and likely will back to normally and taking fewest fees for transaction, if your wallet support with lightening network better using this way for small transaction in bitcoin because not required fees yet.

Last weeks seems the increasing of bitcoin fees transaction after receiving payment from my friend and taking around more than two hours with transaction taken one block confirmation, I stop awhile and waiting the transaction fees normal and not required waiting for longer time with bitcoin transaction completed.

[Dr.Bitcoin_Strange]

Small transactions on bitcoin does not make any sense now at all. Like to make a $20 amount transaction, one has to pay about same amount, $20 in fees. This does not make any sense.

Yes, but you don't have to spend a small fraction of Bitcoin during a high transaction fee period, if that is not a must. Have Bitcoin and also have Fiat. Where it is not necessarily important that you pay in Bitcoin, you can use Fiat to perform your transaction. 

Have you stopped using bitcoin for small transactions completely because of this reason ?

Not at all; the high Bitcoin transaction fee usually gets high sometimes and also becomes normal when the mempool is less congested. If the Bitcoin transaction fee is high above my expectations and far beyond what I can afford to pay, I will better look for another alternative to making that payment. Any time the fee reduces, I can still spend small fractions of bitcoin for any payment I want to make.

Someone already recommend you use the LN, which will help reduce the fee. 

[kentrolla]

There are so many irrelevant answers to this as the question is pretty simple so people don't need to explain why the charges are high and when it happens because as an end user i wouldn't like to pay transaction charges equivalent to my transaction amount itself it doesn't make any sense hence I have stopped Bitcoin for smaller transactions and it's been a while now.

[coolcoinz]

I've never used bitcoin for small transactions, but what is small depends on your definition.

The way I see it, small transactions would be buying groceries, drinks, things of that nature and I never did that because when I used bitcoin for the first time it was an investment, so I didn't want to spend it. Now I could buy some stuff but fees are too high to pay for each transaction. Thankfully, you can buy in bulk. For instance, you can get a gift code to a store for $1k or more and use that for all your future purchases.

[Troytech]

Small transactions on bitcoin does not make any sense now at all. Like to make a $20 amount transaction, one has to pay about same amount, $20 in fees. This does not make any sense. Have you stopped using bitcoin for small transactions completely because of this reason ?

It depends tho, if its so urgent and I can afford to I would but if not I would compromise, besides I hardly perform transaction using bitcoin, except when I'm buying and when I do I do off centralized exchanges and I store them there untill there are up to a reasonable amount then I move them to a cold wallet for storage. I don't think it's that bad that you would consider to stop using it except you make transactions too often with it and little transactions for that matter, but if your use if for big transactions and no very often then it isn't that bad.

[Ludmilla_rose1995]

Small transactions on bitcoin does not make any sense now at all. Like to make a $20 amount transaction, one has to pay about same amount, $20 in fees. This does not make any sense. Have you stopped using bitcoin for small transactions completely because of this reason ?

Fortunately, I have never made a transaction using Bitcoin at a merchant, to be honest, the fee charged for processing a Bitcoin transaction is currently very fluctuating, what if in an urgent situation, I definitely don't want to have to carry out the transaction

but even if I want to make transactions with bitcoin then I will only choose to do it with the lightning network, I am also quite active in using bluewallet, it is definitely safe to transact bitcoin without having to worry about high fees

[passwordnow]

Fortunately, I have never made a transaction using Bitcoin at a merchant, to be honest, the fee charged for processing a Bitcoin transaction is currently very fluctuating, what if in an urgent situation, I definitely don't want to have to carry out the transaction

You don't to spend to merchants just for doing small transactions. Like the payments in the campaigns and when you've decided to spend them as you've received your weekly reward, that's already considered a small but it's not that encouraging at all when you see that the lowest fee sometimes goes from $2 to $10 and there were times that it's been on $20. So just always monitor the fees when doing that and avoid spending a lot when it's not necessary.

but even if I want to make transactions with bitcoin then I will only choose to do it with the lightning network, I am also quite active in using bluewallet, it is definitely safe to transact bitcoin without having to worry about high fees

Bluewallet is a good one and supports LN and this is what many haven't done yet in terms of transactions whether it's on the merchants or just a normal transfer. LN is cheaper and faster and there's no doubt with it but there's a lesser advertisement on it and that's why it's not yet known by many Bitcoin holders and the newbies don't also have an idea about its existence.

[The Cryptovator]

To be honest, yes. I have stopped making small Bitcoin transactions. A few months ago, I worked for a client to buy a domain. Previously, I bought a domain with Namecheap through Bitcoin, and as usual, I tried it. During that time, I was asked to pay $50+ fees for $50 transactions. So it's totally useless to use Bitcoin there. I had to use my card to purchase the domain name. So usually we can't make small Bitcoin transactions in this situation unless transaction fees become law. A few days ago, I also used LTC to make payments. I forgot where, but besides Bitcoin, there were options for LTC as well. So it does require only small transaction fees. 

[Ben Barubal]

Small transactions on bitcoin does not make any sense now at all. Like to make a $20 amount transaction, one has to pay about same amount, $20 in fees. This does not make any sense. Have you stopped using bitcoin for small transactions completely because of this reason ?

     If the network is not congested, bitcoin fees are not high. Only when there is a large amount of traffic on the blockchain network is there a sudden increase in fees because, of course, the higher offer is prioritized over the lower one.

Then it doesn't always happen in situations where the fees are high; yes, it hurts the bangs, but it also returns to normal depending on the situation; you just have to be patient in waiting.

[letteredhub]

Small transactions on bitcoin does not make any sense now at all. Like to make a $20 amount transaction, one has to pay about same amount, $20 in fees. This does not make any sense. Have you stopped using bitcoin for small transactions completely because of this reason ?

Despite how much of a bitcoin enthusiast that I am, I hate to say this but this is one of the limitations of bitcoin,  at this it doesn't accommodate or supoort for use by small/ medium scale or nano business  owners for transactions. A grocery store owner for instance can't make use of bitcoin right now for sales because fees could be slightly lower or higher than the amount needed for transaction.
 

[Mate2237]

Small transactions on bitcoin does not make any sense now at all. Like to make a $20 amount transaction, one has to pay about same amount, $20 in fees. This does not make any sense. Have you stopped using bitcoin for small transactions completely because of this reason ?

That made me to cancel a transaction and leave it until the fee will go down. I was told or informed that the price of bitcoin will go or increase in the halving time. But that amount you used is like and exaggeration. I don't think the transaction fee has gone up to that amount of $20 to transfer $20 again. And if though it doesn't make sense there.is nothing we can do. We have been deliberating on this for past one year but no solution till now so we just have to let it be.

But really it is not good to make transaction for that amount for now because fee is high..

[suzanne5223]

Reason why people stop using Bitcoin for small transactions varies but I believe the transaction is not mainly the reason because they can use the lightning network to avoid paying high transaction fees.
From my perspective, I don't use Bitcoin for small transactions to keep my bag intact cause I don't want to waste any, especially now that halving is approaching.

[krishnaverma]

I've never used bitcoin for small transactions, but what is small depends on your definition.

The way I see it, small transactions would be buying groceries, drinks, things of that nature and I never did that because when I used bitcoin for the first time it was an investment, so I didn't want to spend it. Now I could buy some stuff but fees are too high to pay for each transaction. Thankfully, you can buy in bulk. For instance, you can get a gift code to a store for $1k or more and use that for all your future purchases.

Buying for groceries is impractical irrespective of fees because bitcoin transfer is not instant.

[Mahanton]

Small transactions on bitcoin does not make any sense now at all. Like to make a $20 amount transaction, one has to pay about same amount, $20 in fees. This does not make any sense. Have you stopped using bitcoin for small transactions completely because of this reason ?

Frankly speaking i do have several transactions which are currently stuck into the network and im not really that willing on paying up higher fees even if we do say i do make out $1000 in transaction on which paying up $20 or even more or having that spike of $110 as far as i have checked out yesterday then these fees gone crazy on which we cant really be able to deny that it do really sucks on making small transactions.
This is why i have stopped on making out some transactions as of this moment and would be waiting up for everything to settle down. Yes, this isnt something that we dont really like to see on Bitcoin fees
but with having that scalability issue but well this isnt something that would really be always happening.

Actually this is my first time on seeing Bitcoin fees playing around $20-110 maximum on which this isnt something those numbers that we've seen even into that BRC20 spam.
I dont know on whats the reason behind of this spike whether it do really talks about tons of buys but seeing on the current price that we do have on which it didnt really made out such move
that much. It would really be just that making out those kind of questions on whats happening now.

[Sidney986]

Plan in advance when there's are low Bitcoin fees by pegging into the Bitcoin Liquid wallets app Sideswap then top up an existing lightning wallet channel with cheaper fees which can be done via boltz.exchange Liquid BTC to Lightning BTC.  Also Liquid BTC and Lightning BTC hold their fiat value which can be exchanged back to Bitcoin whilst alt coins have high risk of losing fiat value.  Obviously keeping long term Bitcoin on the Bitcoin network as more secure.

[Crypto Library]

Small transactions on bitcoin does not make any sense now at all. Like to make a $20 amount transaction, one has to pay about same amount, $20 in fees. This does not make any sense. Have you stopped using bitcoin for small transactions completely because of this reason ?

I don't think anyone would do this kind of mistake in his sense, because when there are alternatives ways already, why  you will use Bitcoin using unnecessarily high transactions? Be it in case of small transaction or in case of big transaction if bitcoin transaction is to be done then I would say to hold the current fund and find out some other way for that transaction to complete it. And when the transaction fee of Bitcoin is reduced, then the transaction is completed.
Currently I am doing all my transactions through Lite coin because this coin seems safe to me and has the lowest transaction fee. I think that's Alternative Coins were not invented for going in vain, they also have a reason to be invented and that is why they are called Bitcoin Alternative Coins. So don't make the mistake of taking their benefits of these at the right time.

[Fatunad]

Small transactions on bitcoin does not make any sense now at all. Like to make a $20 amount transaction, one has to pay about same amount, $20 in fees. This does not make any sense. Have you stopped using bitcoin for small transactions completely because of this reason ?

Frankly speaking i do have several transactions which are currently stuck into the network and im not really that willing on paying up higher fees even if we do say i do make out $1000 in transaction on which paying up $20 or even more or having that spike of $110 as far as i have checked out yesterday then these fees gone crazy on which we cant really be able to deny that it do really sucks on making small transactions.
This is why i have stopped on making out some transactions as of this moment and would be waiting up for everything to settle down. Yes, this isnt something that we dont really like to see on Bitcoin fees
but with having that scalability issue but well this isnt something that would really be always happening.

Actually this is my first time on seeing Bitcoin fees playing around $20-110 maximum on which this isnt something those numbers that we've seen even into that BRC20 spam.
I dont know on whats the reason behind of this spike whether it do really talks about tons of buys but seeing on the current price that we do have on which it didnt really made out such move
that much. It would really be just that making out those kind of questions on whats happening now.

Yes you are right on which it is really that pain in the ass on making transactions as of this moment because of the fees. If you do tend to look at which we know that ETH does have that higher gas fees which the current ones is really that much more in Bitcoin on which this is really that in unusual sight and this is why it would really be that better that you do make use on other alternatives if you are really that eager on making up some transactions but same as you said that network condition would really be that becoming better but it would really be taking up a day or a couple and if you could be able to hold up for that long then it would really be your choice but if you are willing to pay up the high fees then its your choice. Now ive been using up some cheaper altcoin alternatives with the current fees on which making out some conversion on my
exchange wallet account into some coins and make out some transactions due to much cheaper fees and you cant really be able to complain. On the time that it would subside on then going back to business again.
This doesnt really last up that long and it does really need up a little patience for everything to settle down.

[Agbe]

As it is there is no way to make small transaction. Today I was trying to see if the transaction is low from $100, guy I could not really believed on the fee I saw with my eyes. At first they refused to accept the transaction because the coins not enough to pay the fee. So I reduced it to $6 to be withdrew. But could you believed that the transaction fee was about $85.8 and if I convert the $6 to my local currency is about 8k that is my money from the transaction while the $85.8 is a about 100k. That is madness transaction fee. So all the small scale and medium transactions for now have been suspended till further notice.

[serjent05]

As it is there is no way to make small transaction. Today I was trying to see if the transaction is low from $100, guy I could not really believed on the fee I saw with my eyes. At first they refused to accept the transaction because the coins not enough to pay the fee. So I reduced it to $6 to be withdrew. But could you believed that the transaction fee was about $85.8 and if I convert the $6 to my local currency is about 8k that is my money from the transaction while the $85.8 is a about 100k. That is madness transaction fee. So all the small scale and medium transactions for now have been suspended till further notice.

I feel you, the current surge in Bitcoin transactions is very frustrating.  If the developer doesn't address this NFT minting on-chain that makes the transaction fee balloon,  sooner or later we might see people leaving the Bitcoin community.  

Due to the current situation, I think no one in his right mind will use Bitcoin for small transaction and if this on-chain NFT minting is not stopped or the developer won't create any solution for the congestion of the network due to these protocols, then I believe whether we like it or not, we will be forced to completely stop using Bitcoin for small transaction.