Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: cryptorakibul on January 17, 2018, 05:31:26 PM

Title: Is bitcoin transaction fees fair?
Post by: cryptorakibul on January 17, 2018, 05:31:26 PM

Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.

Title: Re: Is bitcoin transaction fees fair?
Post by: Arendra on September 07, 2018, 06:37:46 AM

Fair and not depends on the opinion of each person. In general, this BTC transaction fee depends on the wallet used. Some wallets bear transaction costs but some charge transaction fees to members. Usually the BTC fee is between 0.0001-0.0005 BTC.