The transaction fee is just ridiculous.

[Flashman]

Plus you have to come out of the basement and talk to people, that's always a huge disadvantage of real world shit.

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[Jewell]

We are FORCED to pay a tax upon every transaction, and they say Bitcoin doesn't have any taxes? That's just pure crap. Taxation is unconstitutional theft via armed extortion. In Bitcoin's case, it's unavoidable, and is without the armed extortion (YOU ARE FORCED TO PAY).

Lol i don't understand that fee is small for me i could pay this ammount. This is better than fiat.

[Dabs]

Ok. Everyone is talking about it.

It's the $82,432,657.90 transaction that cost $0.04 to send.

[Q7]

You can avoid the fees if you use electrum where you can set it to zero. But you must fulfilled certain conditions like age and size of the transaction. If you are sending large tx who cares of the fees which adds up few cents. So it all depends on how you look at it.

[jbrnt]

Fees aren't really that high. I do understand why some would feel it is ridiculous. It is when newbie has a lot of dust from faucets and it costs more to send them. That is how bitcoin works, and it is not likely to change any time soon.

[Argwai96]

Ok. Everyone is talking about it.

It's the $82,432,657.90 transaction that cost $0.04 to send.

Well I guess this certainly proves that the OP does not know what he was talking about.

I don't think there is any other payment method that allows for such a large transaction to take place at the same (or lower) cost

[sobitcoin]

Ok. Everyone is talking about it.

It's the $82,432,657.90 transaction that cost $0.04 to send.

Well I guess this certainly proves that the OP does not know what he was talking about.

I don't think there is any other payment method that allows for such a large transaction to take place at the same (or lower) cost

I think there is one...and one only.  Cash. And that would be a shit ton of it, not to mention transporting it to the destination.. security... nevermind.

[botany]

You can avoid the fees if you use electrum where you can set it to zero. But you must fulfilled certain conditions like age and size of the transaction. If you are sending large tx who cares of the fees which adds up few cents. So it all depends on how you look at it.

Electrum forces you to specify a transaction fee if the priority of the coins is not high enough. I guess there are other clients where you can try your luck with zero transaction fee, and hope for it to get confirmed.

[deluxeCITY]

You can avoid the fees if you use electrum where you can set it to zero. But you must fulfilled certain conditions like age and size of the transaction. If you are sending large tx who cares of the fees which adds up few cents. So it all depends on how you look at it.

Electrum forces you to specify a transaction fee if the priority of the coins is not high enough. I guess there are other clients where you can try your luck with zero transaction fee, and hope for it to get confirmed.

The very simply solution would be to not use electrum. You can generally easily create, sign an push your own custom TX (as long as you have access to the private keys in question) and you can do all of the above while not including a TX fee with your custom transaction

[sandykho47]

It's called miner fee / transaction fee.
The fee is very low compared to credit card / paypal

The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network

[pitham1]

It's called miner fee / transaction fee.
The fee is very low compared to credit card / paypal

The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network

Whatever you call it, it is compulsory only in certain transactions.

[madmax6688]

It's called miner fee / transaction fee.
The fee is very low compared to credit card / paypal

The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network

You don't even need to pay it usually. And either way it's a cent.

[botany]

It's called miner fee / transaction fee.
The fee is very low compared to credit card / paypal

The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network

You don't even need to pay it usually. And either way it's a cent.

Transaction fees aren't the reason why people shy away from using bitcoin.
Even if they don't like transaction fees, all they have to do is compare it with other means of transferring value.

[malaimult]

It's called miner fee / transaction fee.
The fee is very low compared to credit card / paypal

The fee is only 0.0001 BTC
And the fee is only to appreciate the miner who help to secure P2P bitcoin network

Exactly. A credit card or paypal transaction will almost always have a fixed charge/fee that is much greater then the equivalent of .0001.....the only real difference is that this is "paid" by the receiver instead of the sender so it is somewhat less transparent

[LitcoinCollector]

It's a small amount to help maintain the chain.
If you realy want you don't have to pay, use another client.

[Flashman]

Exactly. A credit card or paypal transaction will almost always have a fixed charge/fee that is much greater then the equivalent of .0001.....the only real difference is that this is "paid" by the receiver instead of the sender so it is somewhat less transparent

Also it's somewhat hidden in pricing, sometimes you'll see 3% cash discount.

[malaimult]

Exactly. A credit card or paypal transaction will almost always have a fixed charge/fee that is much greater then the equivalent of .0001.....the only real difference is that this is "paid" by the receiver instead of the sender so it is somewhat less transparent

Also it's somewhat hidden in pricing, sometimes you'll see 3% cash discount.

It is actually pretty rare that I see any kind of cash discount. I think that cash customers end up covering a portion of credit card fees. Plus it has only been recently that merchants were suppose to be allowed to offer different prices for paying in ways other then credit cards (although it did occasionally happen).

What I have seen is a number of companies offer some kind of discount for paying in bitcoin......just saying op (making the effective TX fee negative)

[botany]

Exactly. A credit card or paypal transaction will almost always have a fixed charge/fee that is much greater then the equivalent of .0001.....the only real difference is that this is "paid" by the receiver instead of the sender so it is somewhat less transparent

Also it's somewhat hidden in pricing, sometimes you'll see 3% cash discount.

It is actually pretty rare that I see any kind of cash discount. I think that cash customers end up covering a portion of credit card fees. Plus it has only been recently that merchants were suppose to be allowed to offer different prices for paying in ways other then credit cards (although it did occasionally happen).

What I have seen is a number of companies offer some kind of discount for paying in bitcoin......just saying op (making the effective TX fee negative)

Where I stay, the terms & conditions of credit card companies explicitly tell the merchant that they are not supposed to add any transaction fees for credit card transactions. I am not sure if merchants would be allowed to offer cash discounts (essentially making credit cards costlier) if they agree to those terms and conditions.

[Dabs]

The thing with credit cards, the merchant is not allowed to add a surcharge if customers pay with credit cards, but the merchant may apply a discount if the customer pays in cash. It's a loophole, and while on the surface it means the same thing, under the law, it is different. That is why cash is king.

In almost any store I go to, when I find an item I want to buy, and they advertise zero percent on credit cards, I always ask the salesperson if I can get a discount if I pay in cash, in full. Almost always, a discount is applicable. If not, I escalate it to someone in authority who can apply the discount.

[redsn0w]

So I think you didn't   see this  thread : FOR LAUGH , this guy sent 0.0001 with 2 btc FEE !! (https://bitcointalk.org/index.php?topic=887207.0)   - Check and come back .