Fees are so high. what can we do?

[Rehan Zakir]

During April, I saw a tremendous increase in bitcoin transaction fee. I think there are enough people who want to make fast transaction that they are willing to pay miner more than usual. Quite a few people seem in a hurry to get their turn for confirmation in the next block, so anyone who wants to send a small transaction has to be patient for a longer turn. I hope the mempool can be cleaned up as soon as possible, but if the panic of trader and investor continues then maybe these expensive fee will last longer.

So, i suggest you if you are a small trader then use other block chains then bitcoin block chains. There are many other block chains that are still very cheap for making transactions.

[Azharul]

We can see that transaction fee in bitcoin so high.we saw in april it's transaction fee will increase.So I told that maney treader and investor are face this expensive fee.So I told that it's the bearish seasone for cryptocurrency market. Otherwise we thinks that USA president joe Biden said, The one who earns more will pay more tax.

[Tubelight]

Currently Bitcoin has increased the amount of gas fee extra. In such a situation we have nothing to do but wait. If Bitcoin's gas fee is normal again, then you can trade Bitcoin.So wait patiently Bitcoin gas will be normal.

[Lukasz]

Bitcoin is going through a transition phase from a mode of payment currency to a store of value where coins like user uusdc xrp nano hbar. Coins that have super low transaction fees yet offer liquidity taking over the role of a mode of payment asset

[Malam90]

Last few months, Bitcoin transaction fees touched to the sky with competition of Ethereum network but now transaction fees for Bitcoin is comparatively low. I haven't made any transaction of Bitcoin in the last 5 months to avoid such huge transaction fees for my small transaction but i can't avoid ERC20 token transactions. BTW, we can hope in the upcoming days, we will find lower transaction fees for Bitcoin transaction fees. We don't have alternative way than wait.

[hasyurt]

Sometimes serious commissions can occur in Bitcoin from time to time. What strikes me is that after the Berlin update, commissions in the ethereum have decreased significantly. Yesterday I wanted to transfer btc from a wallet to the exchange. When I saw the commission the network wanted from me, my mouth was open.

[TomPluz]

I am not anymore updated with the transaction fees involved in the Bitcoin network. Seems I am more preoccupied with the more  shocking gas fees in the Ethereum network. Now, we know that most of us here are using both Bitcoin and Ethereum especially those involved with bounty hunting, so maybe it can help if there can be an updated comparison chart in these two for the cost involved in the transfers. There is no question that transaction costs can be affecting the earnings we are getting in cryptocurrency and though we are wishing this is not the case we can't close our eyes to the realities in the industry we are in.

[Doctor]

Currently Bitcoin has increased the amount of gas fee extra. In such a situation we have nothing to do but wait. If Bitcoin's gas fee is normal again, then you can trade Bitcoin.So wait patiently Bitcoin gas will be normal.

Yes,I agree. I think we should wait, because high gas fee is the big problem now. Don't do transaction with high cost , you will lost alot. I think  the team of bitcoin and alcoins will have good solution, that's my opinion.

[Mrkadir85]

The advice you give is certainly effective for everyone.  In fact, large investors are often willing to pay higher fees for faster transactions, which is why small investors have to face big problems, which is not desirable in any way.  Therefore, small investors should reduce their use of Bitcoin wallets and use other wallets such as BNB, including Trust Wallet.

[Condorlaib]

The advice you give is certainly effective for everyone.  In fact, large investors are often willing to pay higher fees for faster transactions, which is why small investors have to face big problems, which is not desirable in any way.  Therefore, small investors should reduce their use of Bitcoin wallets and use other wallets such as BNB, including Trust Wallet.

the same situation is observed with dissatisfaction with the erc20 platform. Everyone talks about bad Ethereum, but nobody talks about bad Bitcoin because of the high fees. I believe that this is a huge nonsense, because given the popularity, demand and high cost of Bitcoin, you cannot expect low transaction costs. But if you look into the future and assume that Bitcoin will be used as a means of payment, then buying a cup of coffee in a cafe, paying for transactions will really be too expensive.

[Muneeb22]

Fees of almost all coins are so high this is true and i hope that soon the fee system is going to correct and we can pay the low fee. This time the ETH gas fee is also so much high and this is not good for the crypto lovers.

[Zed0X]

I made a little guide a few months ago - Simple tips to save on bitcoin transaction fees

The increase in the last few weeks was caused by the problems that miners from China had encountered. It seems they are (almost) back to normal capacity.

Just remember that the Bitcoin protocol automatically adjust mining difficulty every 2016 blocks (approximately 2 weeks) to bring the block time to 10 mins on average. The next adjustment will be happening in about 2 days. Expect fees to be lower by then.

Fees of almost all coins are so high this is true

I doubt that. Can you name me coins that has high transaction fees other than BTC and ETH?

[Gravatai]

I try not to use Bitcoin to make payments, I only accumulate and use it for trading. Bitcoin is more suitable as an investment asset and for trading. For payment, I use coins with a low transaction fee, it is more convenient and faster.

[gurunanakji777]

Big investors do not worried about transaction fees they just want quick transactions but on the other hand, the small trader doesn't not like high transaction fees. I believe most of the small traders invest in bitcoin to store it as an asset otherwise they do not want to pay high fees. Nowadays small traders love to use the Tron network and Binance Smart Chain because of less transaction fees.

[lepbagong]

I try not to use Bitcoin to make payments, I only accumulate and use it for trading. Bitcoin is more suitable as an investment asset and for trading. For payment, I use coins with a low transaction fee, it is more convenient and faster.

indeed, the principle is if bitcoin is used as a payment only because of innovations that are constantly being updated to make it easier, but on the other hand it can also be of no use at all because the changing value fluctuations make it difficult to determine the right price.

I more agree with the way you treat bitcoin, only for trading, of course it is more usable as intended so far bitcoin is used. Of course, it is even better as a very profitable investment. Especially at this time bitcoin is indeed being upgraded so it is indeed very good for investment.