Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Malam90 on February 11, 2021, 07:03:02 AM
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Have you witnessed Bitcoin transaction fees recently?
Actually i haven't made any Bitcoin transaction in the last 6 months. I made all transactions with USDT, XLM, TRX and DOT. 6 months ago when i made last Bitcoin transaction, it took 0.0001 btc which is now cutting upto 0.001 btc. Can you imagine a single bitcoin transaction fees now more than $30-$40? Around 3 years ago, when SegWit was adopted with Bitcoin transaction, it reduced transaction fees but now transaction fees is a concern. :'(
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In fact, I haven't traded a bitcoin in a couple of months. For this reason, I can't say exactly what kind of transaction seems fee. But at the moment I have traded Etherium and all the other coins that are there but I have never seen such a transaction fee.
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While all of us are wishing for the bull run to happen that can push the prices of many cryptos to the top, we know that one of the not-so-good side with this is the rising transaction fees involved. And it seems to me that as of now there is no clear-cut roadmap to reduce the fees for good. This is now quite true with Ethereum but also with Bitcoin. Most of us are now resigned to this reality because there is nothing we individually can do to counter this thing. We have to bite the bullet, as they say.
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Have you witnessed Bitcoin transaction fees recently?
Actually i haven't made any Bitcoin transaction in the last 6 months. I made all transactions with USDT, XLM, TRX and DOT. 6 months ago when i made last Bitcoin transaction, it took 0.0001 btc which is now cutting upto 0.001 btc. Can you imagine a single bitcoin transaction fees now more than $30-$40? Around 3 years ago, when SegWit was adopted with Bitcoin transaction, it reduced transaction fees but now transaction fees is a concern. :'(
I happen to be the same as you. Never made a transaction, so we don't know about the progress of transaction fees at this time. But I think the large transaction fees will clearly affect everyone's transaction interest ...
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Where have you transferred your Bitcoin from? Online or own wallet? If there is an option, you could have manually set sat/byte transaction fee. Also the amount of inputs and outputs plays a huge role when calculating transaction fee. I've transferred around 0.004 and paid only $5 for that (but it took 4 days for funds to reach the wallet).
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Indeed, by becoming more expensive, this Bitcoin will of course also have high transaction fees. Because this value is definitely balanced, if the price is expensive, it must be high. I myself see this as a thing that makes sense. It's just that it's unsettling.
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Have you witnessed Bitcoin transaction fees recently?
Actually i haven't made any Bitcoin transaction in the last 6 months. I made all transactions with USDT, XLM, TRX and DOT. 6 months ago when i made last Bitcoin transaction, it took 0.0001 btc which is now cutting upto 0.001 btc. Can you imagine a single bitcoin transaction fees now more than $30-$40? Around 3 years ago, when SegWit was adopted with Bitcoin transaction, it reduced transaction fees but now transaction fees is a concern. :'(
Recent transaction free has increased a lot.Currently people are among the many losers for transaction fees.This is a big problem right now.If you want to send $10, you have to pay a transaction fee of $40 to $50.There is more music than rent.If the transaction is reduced to free then everyone will suffer a lot.What is the reason for the sudden increase in transaction fees?I will draw the attention of the senior brothers. If you know about this, you must discuss in detail.
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I went to send $50 Ethereum in the morning but went there and saw that my transaction fee would be cut to about $40.I was shocked to see that story.What is the main reason for such a sudden increase?Then I did not want to send the dollars.Because later if the transaction is reduced then I will think of sending.I think this problem will cause a lot of damage to everyone.Because at the present time most people are now there to exchange dollars.
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This is what actually happens. The fee transaction of Bitcoin is actually high enough from the start. And this is different if we use Segwit wallet, it is cheaper sometimes. Moreover we can also set the fee in order to speed up the transaction process.
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I went to send $50 Ethereum in the morning but went there and saw that my transaction fee would be cut to about $40.I was shocked to see that story.What is the main reason for such a sudden increase?Then I did not want to send the dollars.Because later if the transaction is reduced then I will think of sending.I think this problem will cause a lot of damage to everyone.Because at the present time most people are now there to exchange dollars.
You are right. High transaction fees allow anyone to cancel or withhold the transaction at a reasonable cost. The vendor should consider the low cost so that the transaction volume increases.
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With the increase in the price of Bitcoin but the transaction fee has increased a lot. With so many transactions fees, small investors have a lot of problems. I believe that the higher the price of Bitcoin, the higher the rate of fees transactions.
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We should not be surprised by the increase in transaction fees. That's just normal. Like the rising price of bitcoin. Although indeed an increase in transaction costs will definitely make a lot of people's considerations in making transactions
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Guys, I dont understand, why are you so worried about Bitcoin transaction fees. You can pay $40 for a transaction or $1 for same transaction. Everything depends on how quick you want receiver to get BTC. Set 1sat/byte fee and wait for weeks for transaction to reach. Most important, transaction will reach receiver with 100% probability. Despite Ethereum, where network could simply burn your gas and your transaction will return.
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If you can invest in both, it would be great to invest. Because these two coins are definitely good and definitely potential. You certainly won't regret investing in Bitcoin or Ethereum.
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Have you witnessed Bitcoin transaction fees recently?
Actually i haven't made any Bitcoin transaction in the last 6 months. I made all transactions with USDT, XLM, TRX and DOT. 6 months ago when i made last Bitcoin transaction, it took 0.0001 btc which is now cutting upto 0.001 btc. Can you imagine a single bitcoin transaction fees now more than $30-$40? Around 3 years ago, when SegWit was adopted with Bitcoin transaction, it reduced transaction fees but now transaction fees is a concern. :'(
It's not surprising because the Bitcoin price is rising so fast thats, why the Network is congested thats why many users are choosing high fees just to prioritized their transactions mostly whales are doing that triggering the greedy miners to prioritized them just like Ethereum the greed are hovering in both Networks Miners are taking advantage of the situation and I believe it's unsustainable Ethereum become worst because of these transaction fees. Thats why it is not worth using it anymore it's better to find other alternatives like Binance Smart Chain. Tron etc.
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I also haven't used bitcoin to transact for a while now maybe because even with the SegWit lower the amount per transaction, if I choose an amount that is too low I might have to wait for a while to get it, the last time I did a bitcoin transaction and used a low fee , it took over a week plus to get to the destination and I don't want that to happen again, so just like you TRX is the major cryptocurrency I use for transactions, because the transaction fees are pretty low.
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Guys, I dont understand, why are you so worried about Bitcoin transaction fees. You can pay $40 for a transaction or $1 for same transaction. Everything depends on how quick you want receiver to get BTC. Set 1sat/byte fee and wait for weeks for transaction to reach. Most important, transaction will reach receiver with 100% probability. Despite Ethereum, where network could simply burn your gas and your transaction will return.
The crypto market is still characterized by high volatility, and many people want to send Bitcoin to an exchange or between wallets for 15-20 minutes at a reasonable cost. Right now the cost is too expensive and the people who rejoice are just the miners.
I don't think I have the patience to wait for 1 transaction in a week, if the company or the state delays the salary or pensions 1 week, protests will be on the street :)
SegWit/Linghtning used to be a good solution to increase Bitcoin's transaction speed, but they also have limitations in capacity. We are in need of more solutions to this problem!
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I had a recent case where I was sending bitcoins from one exchange to another and the commission was quite high, but I could not do anything to reduce it manually. The commission was set automatically and did not change. Perhaps as a way out of this situation, to make transactions in DOGE or Tron.
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The fee would be higher if you want an instant transaction, try to set low fee if you are not in hurry but in exchange transaction we can not set it low.. it is fixed, so face it if you want to do transaction. This bitcoin fee is insane and also ethereum..
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Please, don't compare the transaction fees about now and some years ago. because the price of Bitcoin is also very different. if we compare it and convert it to fiat, of course, the price will go higher, very high moreover it is because the price of BTC also increase more than doube, but triple. So, now is now.
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Please, don't compare the transaction fees about now and some years ago. because the price of Bitcoin is also very different. if we compare it and convert it to fiat, of course, the price will go higher, very high moreover it is because the price of BTC also increase more than doube, but triple. So, now is now.
Hi, probably you haven't fully read. :)
Whatever the present market price, it doesn't matter. It will rise simultaneously but the comparison here with points. One year ago, it took around 10000 satoshi (0.0001 btc) to make transaction but with the passage of time, it has reached to now even 100000 satoshi (0.001 btc) which is 10x higher than past. This is the main focus.
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The crypto market is still characterized by high volatility, and many people want to send Bitcoin to an exchange or between wallets for 15-20 minutes at a reasonable cost. Right now the cost is too expensive and the people who rejoice are just the miners.
I don't think I have the patience to wait for 1 transaction in a week
I understand that, but topic starter did not mention how quick he wants the transaction to reach the receiver. He said that he was amazed by the price. I understand that if you want to get something quick, be ready to pay high price. I made a post about low sat/byte, because maybe he is not aware of that.
For example I have some btc in my wallet, and I want to convert them to fiat. I am not in a hurry, so I made a 10sat/byte fee transaction and get my btc on exchange in 2-3 days. Waiting few days is fine for me. Maybe waiting few day will be also fine for him.
P.S. for urgent cases I have a fiat salary :D
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The higher the transaction fees the more perfect time for another blockchain to try their fast and reliable service with a lower fees. Through this the investors might change their interest from Bitcoin to Altcoins.
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I really feel very sad and uneasy about Bitcoin transaction fees that are getting more expensive. However, many say it is comparable to the price of Bitcoin which is also getting higher. I look forward to seeing these Bitcoin transaction fees decrease.
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When it comes to the fee transaction of BTC, it is better not to convert it to USD because it will be so damn high if comparing the rate. That is sometimes as usual as the previous rate but now it is too hard because the price is very high. Free will be always following the rate of BTC itself
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Not only me, it seems like a lot of people are annoyed and worried about the increase in transaction fees on Bitcoin and the ethereum basis. I do not know how long this condition will improve soon.
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Bitcoin transactions: Fees are under control. The price of Bitcoin is constantly rising. It is possible to make a profit by investing. Bitcoin is very important for transactions. So the transactions are constantly increasing. I think bitcoin transaction fees are under control. However, ETH transaction fee is not under control. Not normal for users, but bitcoin transaction fee is normal for users.
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The crypto market is still characterized by high volatility, and many people want to send Bitcoin to an exchange or between wallets for 15-20 minutes at a reasonable cost. Right now the cost is too expensive and the people who rejoice are just the miners.
I don't think I have the patience to wait for 1 transaction in a week
I understand that, but topic starter did not mention how quick he wants the transaction to reach the receiver. He said that he was amazed by the price. I understand that if you want to get something quick, be ready to pay high price. I made a post about low sat/byte, because maybe he is not aware of that.
For example I have some btc in my wallet, and I want to convert them to fiat. I am not in a hurry, so I made a 10sat/byte fee transaction and get my btc on exchange in 2-3 days. Waiting few days is fine for me. Maybe waiting few day will be also fine for him.
P.S. for urgent cases I have a fiat salary :D
You're right, that's what I found out.
The average transaction fee is 0.30 USD, but unlike banks, there is no fixed percentage for the transaction costs. Instead, Bitcoin users manually set their own transaction fees for each outgoing transaction.
I haven't made a pure Bitcoin transaction myself for a long time because I'm long-therm with Bitcoin
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We really cannot avoid the fees. The transaction fee of Bitcoin and also Ethereum is very big, moreover, ERC20. I think that this will be left behind because of the very high fees.
So far, the Bitcoin fee is still reasonable but it is likely changing even in SegWit
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Actually high Ethereum network fees, I can't transfer my coins at all because in uniswap two steps fees are required , 1 step coin/ token approve and second is Swap. Another fees required to withdraw from wallets.
See the network Free below screenshot.
(https://i.imgur.com/wwqwvrf.jpg)
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I have realized that Bitcoin's transaction has become free. Bikan's transaction is more free, which has caused a huge problem. If bitcoin transactions continue to increase in this way, then the transaction will have to be stopped at some point. Because with this extra fee, middle-class crypto hunters are not able to do their bitcoin transactions.
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when the price of all coins went up, they looked for opportunities to increase the price of transaction fees. All traders and bounty hunters cry because very high fees make them unable to carry out transaction activities.
especially traders with small capital. many traders with small capital stop for a while and can only look at the market.
excruciatingly high transaction fees
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Of course, many people even felt very uneasy about the increase in bitcoin transaction fees. Because I only have a small amount of bitcoins, of course, will be very disadvantaged.
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I have never seen it, but I have compared the rupiah withdrawal fee, bitcoin transfer fee, minimum withdrawal, to maker / taker fees in exchange markets such as Indodax, Tokocrypto, Triv Pro, Upbit, Luno, my account, Zipmex, Digital Exchange ID, and Bitocto . In the future, there will be more sites that we will compare as your reference in choosing the best bitcoin exchange market site in Indonesia.
The table that we present also lists the bitcoin exchange market site in Indonesia. Here's a comparison of the bitcoin exchange market.
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So far I have never traded in Bitcoin. So I can't say exactly what the Bitcoin fee is. However, it is seen that the price of etherium has increased a lot at the present time.
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Of course, many people even felt very uneasy about the increase in bitcoin transaction fees. Because I only have a small amount of bitcoins, of course, will be very disadvantaged.
Whenever you want to make a small transaction like $50-$500, it needs $30+ transaction fees which makes you angry as well as upset. Too many transactions with in a second, Bitcoin network can't process other than 8-10. People increase gas fees to make faster his transaction, others will increase more than previous persons, hence gas fees increases automatically. But we are small holders suffering this problem, until fees can't be minimized, we can't make transactions. We have to wait, nothing for solution in our hands.
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Everyone finds out through free to control bitcoin transactions. But there are many free media but they can't provide security that is why many people stay away from free media.
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Have you witnessed Bitcoin transaction fees recently?
Actually i haven't made any Bitcoin transaction in the last 6 months. I made all transactions with USDT, XLM, TRX and DOT. 6 months ago when i made last Bitcoin transaction, it took 0.0001 btc which is now cutting upto 0.001 btc. Can you imagine a single bitcoin transaction fees now more than $30-$40? Around 3 years ago, when SegWit was adopted with Bitcoin transaction, it reduced transaction fees but now transaction fees is a concern. :'(
Firstly bitcoin transaction is not for low amount holder as they can not afford the fee that is why we should not check out the current transaction fee.Also for low amount transaction ltc,trx,doge better.Because it safe our money badly according to our total capital.Hope you get my point.
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Not just Bitcoin transaction fee increase but also with Ethereum. Those coins you mention might help lessen transaction costs because they are cheaper alternatives. Todays fee is not reasonable when you transact smaller denomination or fractions.
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Nor have I ever had any sending transaction fees for Bitcoin as I mostly trade on Binance using USDT x Altcoins.
After trading and experiencing profits, I easily withdraw to my own ATM account using P2P on Binance which is a very sophisticated feature in my opinion for trading between Fiat.
So maybe I have forgotten about Bitcoin transaction fees and it is really heartbreaking for me to forget how the parent cryptocurrency is sent.
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Have you witnessed Bitcoin transaction fees recently?
Actually i haven't made any Bitcoin transaction in the last 6 months. I made all transactions with USDT, XLM, TRX and DOT. 6 months ago when i made last Bitcoin transaction, it took 0.0001 btc which is now cutting upto 0.001 btc. Can you imagine a single bitcoin transaction fees now more than $30-$40? Around 3 years ago, when SegWit was adopted with Bitcoin transaction, it reduced transaction fees but now transaction fees is a concern. :'(
I myself have witnessed that as the price of Bitcoin has increased, so has its transaction fee While the price of bitcoin was close to $20k to $30k, Bitcoin's gas free was largely within reach. But ever since the value of bitcoins began to rise Since then it is transaction fee Suddenly increasing. However, I hope that soon Bitcoin transaction free will be normal again.
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I think there a lot of transactions are happening now in the blockchain. Miners prefer to pick up transactions with the highest attached fees to make their work worthwhile. Therefore, when there are a lot of transactions going on, blockchain suggests the best fee to get your transaction through as fast as possible, which is why it is high at this moment.
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Where have you transferred your Bitcoin from? Online or own wallet? If there is an option, you could have manually set sat/byte transaction fee.
EXACTLY! If you don't want to suffer from insane fees for your BTC transfers, use non-custodial wallets that allows you to set fees. Much better to still use segwit (nested/native) addresses.
Also the amount of inputs and outputs plays a huge role when calculating transaction fee.
True that. Consolidating inputs when fees are low and you have no plan to spend it yet is actually a good practice.
I've transferred around 0.004 and paid only $5 for that (but it took 4 days for funds to reach the wallet).
I transferred some BTC a few days ago and it confirmed in under two hours while the tx fee was around $1. There are also times when it confirms in 30 minutes while I spend less than $1.
Here are some of the tricks that I do:
2. Check mempool size and recommended fees on websites like https://mempool.space/ (noob friendly) and https://jochen-hoenicke.de/queue/ Both sites are pretty much accurate from my experience.
3. Send on a weekend. It's been observed that mempool tends to be less congested around these times as traders needs some "rest" too. You can send for as low as 1 sats/vbyte (less than $0.50) and your transaction will confirm in an hour (more or less).
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I have not any witness transaction fees recently but many treaders I know who claims the gas fees of btc is not tolerate at the moment .so the transaction fees is now big issue in cryptocurrency market cap .
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As far as the cryptocurrency market has reached its peak, we can see that with the growth of the cryptocurrency market, transaction fees has multiplied several times. At present, the biggest problem has become transaction fees. But I think those investors who have transaction fees will have nothing. But at the moment, Bitcoin is several times more gas fees.
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For those who are planning to transact in the next couple of days. I would recommend the tricks of @Zed0x for lower fees and much better way the Simple tips to save on bitcoin transaction fees (https://www.altcoinstalks.com/index.php?topic=184469.0).
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I am satisfied with the fee transactions that Bitcoin currently has Because bitcoin transaction fee is now fairly within our reach. We can easily do bitcoin transactions if we want.That would not be good news. However, I hope that the Bitcoin transaction will be within the reach of people.
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We have not been able to transact or sell any tokens for a long time due to the high cost of gas fees. Which is going to cause the most problems. This is one of the biggest problems because the cost of gas fees does not go up by selling tokens. So what is the reason for low gas fees in the future?
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We cannot sell because of extra tokens. This is a big problem. The price of gas is not spent by selling tokens. So what is the reason for less gas release in the future?
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I think bitcoin transactions are still fee and affordable. Now anyone can easily trade bitcoin at a lower cost.However, I think that the transactions fee of Bitcoin may increase in the future for . Because the price of Bitcoin is increasing at present.So we have to patiently monitor the market to see how much Bitcoin transactions fee increase.
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The fee of Bitcoin transactions is always high. Moreover, during the bullish period with always a new ATH. The transaction fee keeps increasing although we use segwit wallet. The Etheruem transaction fee is also so damnd high more than BTC
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At present the transaction fee is much higher. This has caused a lot of problems for us now. It turns out that more dollars are going to pay our transaction fees than we are earning. This has already caused a lot of problems for us.If we do not solve this problem very quickly, we will have to suffer a lot of losses. This is currently the biggest problem for small users like us.It turns out that despite having tokens in our wallet, we can't sell tokens for the transaction fee.Transaction fees have risen sharply as the price of other coins, including Bitcoin and Etherium, has risen. I think this problem should be solved very quickly.
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I feel very uneasy about the increase in transaction fees. Not only on Bitcoin but on ethereum as well. even all coins in MEW feel it. This is a very bad condition in my opinion.
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Have you witnessed Bitcoin transaction fees recently?
Actually i haven't made any Bitcoin transaction in the last 6 months. I made all transactions with USDT, XLM, TRX and DOT. 6 months ago when i made last Bitcoin transaction, it took 0.0001 btc which is now cutting upto 0.001 btc. Can you imagine a single bitcoin transaction fees now more than $30-$40? Around 3 years ago, when SegWit was adopted with Bitcoin transaction, it reduced transaction fees but now transaction fees is a concern. :'(
Bitcoin trading seems a bit more fee to me now than I did trading Bitcoin with fee transactions before.I think the reason for the increase in Bitcoin transaction fees now is that the price of Bitcoin has increased significantly at present.But hopefully soon Bitcoin transaction fee will be normal again.
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In my opinion, bitcoin is really in demand and make its price high, so I think this is the big reason why bitcoin transaction fees increase as well.
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commissions for transferring Bitcoin increases not only due to the strong congestion of the network, but also due to the wallet that the user uses. Of course, Bitcoin's bandwidth is very low and this problem needs to be dealt with, because in the future Bitcoin will be more popular and more in demand, which means that the load on the network will increase. At the same time, each wallet charges its own interest for transfers, such as blockchain.info, which is too expensive to use.
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The higher the price of Bitcoin, the more expensive the cost of Bitcoin is because the decimal digits are also more expensive to appreciate.
For example in 2013 the Bitcoin transaction fee was around 0.0005 Satoshi at a cost of around 0.5 USD but now it is still the same the fee is around 0.0005 Satoshi but the price is now around 29 USD.
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It is normal that the transaction will be fee if the transaction is done from any platform. Because everyone has come to do business. However, if the amount of the transaction is too much, then it is the cause of everyone's headache Currently Bitcoin transaction fee is fairly satisfactory. Hopefully, bitcoin transactions will not increase more than this.
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The fee of Bitcoin transactions is always high. Moreover, during the bullish period with always a new ATH. The transaction fee keeps increasing although we use segwit wallet. The Etheruem transaction fee is also so damnd high more than BTC
That's true, the bitcoin fee transaction is so high, It is big problem for us. I hope we will see the good thing that done by the team..Because I see many investors and trader also complain about it
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I haven't transacted any bitcoin since the bull run started. But 30-40$ is expected because the price btc is growing so much rapidly and now it is around 50k. But it is making the situation critical. I think after the end of bull run it will be normal again.
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You have created a very nice and constructive post. Hopefully many senior and junior members will be able to learn and learn a lot from this valuable post of yours.And hopefully this post will be shared more and more among us so we can move forward a lot.
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Bitcoin has always been known for its high transaction fees, so in the past people preferred to make transactions with Ethereum or other coins, because at that time Ethereum transaction fees were very low. But now what we are seeing with the transaction fees by Ethereum is very high, so I think it is only natural that Bitcoin transaction fees are high as high as $30 / $40. Hopefully problems like this can be resolved soon with low transaction costs.
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As long as the price of Bitcoin has gone up, Costly transactions have been costly. At present the transaction is costing so much that it is unthinkable because never before has the transaction cost in such a way. The days are going by and the transaction is costing more.
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The way the Bitcoin price has risen has actually increased the transaction fees. But those angel investors may not have a problem. It has become a problem for those who are doing small transactions. It is hoped that if the market stabilizes, the transaction fee may come down.
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Bitcoin fee is going to high day by day and i hope the coin price soon comes down becasue now this time the fee is high and also the coin value is high but in future the coin value is high and the fee is low becasue soon the BTC go 200,000$ in a short time.
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Bitcoin transaction fees will be a little higher, but that's normal. Because the value of bitcoin is the highest in the cryptocurrency market. Bitcoin is one of the most popular transactions in the world. However, the transaction fee is much lower. So the demand for transactions is constantly increasing.
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Lastly I made a Bitcoin withdrawal from the gaming platform and needed at least 0.00005 to make a withdrawal, there are low fees with the older coin withdrawal option.
Maybe if I make a coin withdrawal from a crypto exchange, I will see the same number which is 0.0001 BTC.
Because of that I chose withdrawal using another coin method to save more money on withdrawals :D
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I already victimed Ethereum and bitcoin transactions fees which made me astonished that may be 2 months ago I borrowed 30 Dollar Ethereum network fees exchanging 45 worth of dollars assets.
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Hopefully I can try this and witnessed about the bitcoin transactions fees because as this moment I only knows from anybody on how is it the value of bitcoin fees and I am so excited someday I will know about it.
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The way the Bitcoin price has risen has actually increased the transaction fees. But those angel investors may not have a problemAt present the transaction is costing so much that it is unthinkable because never before has the transaction cost in such a way At the same time, each wallet charges its own interest for transfers, such as blockchain.info, which is too expensive to use.
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Actually i haven't made any Bitcoin transaction in the last 6 months.
It is already quite long time, don't you have Bitcoin on your Segwit wallet? or you just hold the Bitcoin on your wallets until the next bullish season? I also think it is very annoying with the high fees in crypto transactions currently, including Bitcoin transaction fees. However, I need to move the Bitcoin from my private wallet to exchange wallets. So, I have no choice, just choose the time that the fees can be a bit lower.
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IT does sound scarry for " shrimps" krill & "small fry". But there are so many other coins that can take over this role that BTC is leaving right now for most ppl that want to use a safe way to transfer funds even it if sounds expensive to some is nothing with the security and costs associated with the overall market situation
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Bitcoin will always be at a high level. Cryptocurrency This coin is very unlikely to go down. In fact, the more expensive the coin, the higher the transaction fee. Cryptocurrency Bitcoin is called a digital currency. This currency must maintain balance.
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The risk is that cryptocurrency transactions are just like the force in Physics, the greater the pressure from this force, the greater the demands for the driving force.
Bitcoin is more expensive, the more expensive the transaction fees are and this is really very difficult to stop except maybe using other blockchains such as Solana, TRON and BSC.
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I agree with this I witnessed Bitcoin transaction fees to my friends long time ago when he was trading there tokens converted into a money and I am wondering someday I can try this because in the bounty campaign I want to joined so that someday I know the transaction fees of bitcoin prices.
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Bitcoin transactions from Exchange are the same as before, maybe around 50,000-100,000 satoshis for withdrawals.
For the nominal Bitcoin it is still as usual but the one that increases is the decimal Bitcoin price because the Bitcoin price is getting higher and higher in price.
I am also sure that with all these increases all the prices of the altcoins are also going up in price.
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You are saying right! Due to a massive jump in the price of Bitcoin. The transaction fees is very high and also time consuming. But if we compared it with other coins, their fees are still very low such as BNB, TRX, USDT, EOS. I am also adopted these coins for making transactions.
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According to the current transactions of Bitcoin, it can be said that it is fairly normal. However, if the transaction fee of Bitcoin increases more than this, it will be extra. I hope that the transaction of Bitcoin fee will not increase so much. Bitcoin transactions will be fee as far as people can afford.