Fee

[roeylee]

What Android app allows no fee transactions?
Is it risky? 

[hotsaucee]

Everything uses a fee, but if you are with android check out blockchains app.

[inBitweTrust]

What Android app allows no fee transactions?
Is it risky? 

Pay the miner 5 cents or wait days for your transaction to process.

[roeylee]

If I send a tiny amount with no fee, will it be lost? I don't mind to wait days, but can the transaction be ignored?

[validium]

If I send a tiny amount with no fee, will it be lost? I don't mind to wait days, but can the transaction be ignored?

No it wont get lost, but will take ages to get to the receiver address.

[roeylee]

Would the receiver get any notification/confirmation at starts? I understand that the final confirmation would take days but would there be any preliminary notification/confirmation?

[Velkro]

paying fee is good
your transaction would go up to hours instead up to 24 hours or even more

[RodeoX]

It is possible, though unlikely, that your transaction will never be included in a block. Payment of fees is voluntary, but so is including your Tx. 

[roeylee]

It is possible, though unlikely, that your transaction will never be included in a block. Payment of fees is voluntary, but so is including your Tx. 

Could such "unincluded in a block" transaction, be deducted from the payer wallet while not shown in the payee wallet? Meaning that funds would be lost in a "black hole"?

[byt411]

It is possible, though unlikely, that your transaction will never be included in a block. Payment of fees is voluntary, but so is including your Tx. 

Could such "unincluded in a block" transaction, be deducted from the payer wallet while not shown in the payee wallet? Meaning that funds would be lost in a "black hole"?

If your wallet keeps re-broadcasting the transaction, then it's a pain in the ass to get your money out of this semi-black hole. If not, then it should be returned to you in a few days.
I mean, seriously, just add the fee, it's 0.0001. 5 cents.

[RodeoX]

It is possible, though unlikely, that your transaction will never be included in a block. Payment of fees is voluntary, but so is including your Tx. 

Could such "unincluded in a block" transaction, be deducted from the payer wallet while not shown in the payee wallet? Meaning that funds would be lost in a "black hole"?

If your wallet keeps re-broadcasting the transaction, then it's a pain in the ass to get your money out of this semi-black hole. If not, then it should be returned to you in a few days.
I mean, seriously, just add the fee, it's 0.0001. 5 cents.

This. It is a hassle to undo an abandon transaction. Way more trouble than $0.05.

[ranlo]

What Android app allows no fee transactions?
Is it risky? 

Pay the miner 5 cents or wait days for your transaction to process.

I've sent transactions before with 0 fee and still had them there within an hour. You just have to make sure the amount you're sending is 0.01 BTC or more and that the transaction size is under 10 KB.

[byt411]

What Android app allows no fee transactions?
Is it risky? 

Pay the miner 5 cents or wait days for your transaction to process.

I've sent transactions before with 0 fee and still had them there within an hour. You just have to make sure the amount you're sending is 0.01 BTC or more and that the transaction size is under 10 KB.

He's a newbie, and he won't be able to calculate tx size before sending it.

[ranlo]

What Android app allows no fee transactions?
Is it risky? 

Pay the miner 5 cents or wait days for your transaction to process.

I've sent transactions before with 0 fee and still had them there within an hour. You just have to make sure the amount you're sending is 0.01 BTC or more and that the transaction size is under 10 KB.

He's a newbie, and he won't be able to calculate tx size before sending it.

You really don't have to though. I think it's around 75 inputs + 1 output (just to be safe). So if you're always getting inputs of 1 mBTC, you should be able to send 0.075 BTC in one transaction before hitting that cap. It's of course a bit deeper than this, but you should be safe with that.

[byt411]

What Android app allows no fee transactions?
Is it risky? 

Pay the miner 5 cents or wait days for your transaction to process.

I've sent transactions before with 0 fee and still had them there within an hour. You just have to make sure the amount you're sending is 0.01 BTC or more and that the transaction size is under 10 KB.

He's a newbie, and he won't be able to calculate tx size before sending it.

You really don't have to though. I think it's around 75 inputs + 1 output (just to be safe). So if you're always getting inputs of 1 mBTC, you should be able to send 0.075 BTC in one transaction before hitting that cap. It's of course a bit deeper than this, but you should be safe with that.

He probably has no idea as to what inputs and outputs are anyway. Also, don't forget the change, so it won't be 1 output.

[ranlo]

What Android app allows no fee transactions?
Is it risky? 

Pay the miner 5 cents or wait days for your transaction to process.

I've sent transactions before with 0 fee and still had them there within an hour. You just have to make sure the amount you're sending is 0.01 BTC or more and that the transaction size is under 10 KB.

He's a newbie, and he won't be able to calculate tx size before sending it.

You really don't have to though. I think it's around 75 inputs + 1 output (just to be safe). So if you're always getting inputs of 1 mBTC, you should be able to send 0.075 BTC in one transaction before hitting that cap. It's of course a bit deeper than this, but you should be safe with that.

He probably has no idea as to what inputs and outputs are anyway. Also, don't forget the change, so it won't be 1 output.

True. A better idea then: Coinbase! No worrying about fees since they pay for them, :p.

[byt411]

What Android app allows no fee transactions?
Is it risky? 

Pay the miner 5 cents or wait days for your transaction to process.

I've sent transactions before with 0 fee and still had them there within an hour. You just have to make sure the amount you're sending is 0.01 BTC or more and that the transaction size is under 10 KB.

He's a newbie, and he won't be able to calculate tx size before sending it.

You really don't have to though. I think it's around 75 inputs + 1 output (just to be safe). So if you're always getting inputs of 1 mBTC, you should be able to send 0.075 BTC in one transaction before hitting that cap. It's of course a bit deeper than this, but you should be safe with that.

He probably has no idea as to what inputs and outputs are anyway. Also, don't forget the change, so it won't be 1 output.

True. A better idea then: Coinbase! No worrying about fees since they pay for them, :p.

Not that safe, it's still an web-based wallet. I recommend people to not use web-based wallets.
P.S: Nice post count that we're racking up.

[roeylee]

So Bitcoin is not suitable for micropayments?

[ranlo]

What Android app allows no fee transactions?
Is it risky? 

Pay the miner 5 cents or wait days for your transaction to process.

I've sent transactions before with 0 fee and still had them there within an hour. You just have to make sure the amount you're sending is 0.01 BTC or more and that the transaction size is under 10 KB.

He's a newbie, and he won't be able to calculate tx size before sending it.

You really don't have to though. I think it's around 75 inputs + 1 output (just to be safe). So if you're always getting inputs of 1 mBTC, you should be able to send 0.075 BTC in one transaction before hitting that cap. It's of course a bit deeper than this, but you should be safe with that.

He probably has no idea as to what inputs and outputs are anyway. Also, don't forget the change, so it won't be 1 output.

True. A better idea then: Coinbase! No worrying about fees since they pay for them, :p.

Not that safe, it's still an web-based wallet. I recommend people to not use web-based wallets.
P.S: Nice post count that we're racking up.

For absolute newbies, I think web wallets are safer than self-hosted (as many people have viruses and don't know, or don't know how to back up their stuff). Both are going to have their risks, of course, but web wallets are more easily used.

[byt411]

What Android app allows no fee transactions?
Is it risky? 

Pay the miner 5 cents or wait days for your transaction to process.

I've sent transactions before with 0 fee and still had them there within an hour. You just have to make sure the amount you're sending is 0.01 BTC or more and that the transaction size is under 10 KB.

He's a newbie, and he won't be able to calculate tx size before sending it.

You really don't have to though. I think it's around 75 inputs + 1 output (just to be safe). So if you're always getting inputs of 1 mBTC, you should be able to send 0.075 BTC in one transaction before hitting that cap. It's of course a bit deeper than this, but you should be safe with that.

He probably has no idea as to what inputs and outputs are anyway. Also, don't forget the change, so it won't be 1 output.

True. A better idea then: Coinbase! No worrying about fees since they pay for them, :p.

Not that safe, it's still an web-based wallet. I recommend people to not use web-based wallets.
P.S: Nice post count that we're racking up.

For absolute newbies, I think web wallets are safer than self-hosted (as many people have viruses and don't know, or don't know how to back up their stuff). Both are going to have their risks, of course, but web wallets are more easily used.

Then you should only use blockchain.info, since you are in control of your private keys.

So Bitcoin is not suitable for micropayments?

Bitcoin IS suitable for micropayments. But if you mean micropayments as in a tenth of a cent, then no, since no one needs that.
If you pay 1 US Dollar to someone in Australia, he/she would receive like $0.60. If you use Bitcoin, he/she receives $0.96. Electronic Fiat is even worse for micropayments.