Yes,the transaction fees are high.As I have read if you send the amount of Bitcoin in the same network to someone,who has his wallet in the same network,there will be no transactions fee at all.You can speak to the person to whom you want to send the Bitcoins,to make a wallet in the same network,where is your wallet too.
Yes,i remember when the price of the Bitcoin was not so high,around $400-$500,and the transaction fees were very small.Even sending from one network to another the fees were acceptable.Once that the Bitcoin has arrived to a higher value,the networks,I think first was the Xapo,and I transferred all my satoshis to Coinbase from Xapo.Because fortunately there was sent a notification to every account holder of Xapo,that the fees will be highere within a certain period of time(about a month).So,I was able to transfer the satoshis with very small fees.Bitcoin was created to decrease the the transaction fees which is very high in ewallet such as paypal and payza to transfer funds from one place to another .
But as we all know that these days some wallet are also carging very high fees ,like Coinbase and blockchain.info never use, it is best but charge high fees i always use unocoin and xapo ......thanx
Interesting information.I didn't have a clue,that the transactions of Bitcoin are different,that it depends from the period of the day when you ask for it and that is faster,when you ask for it in a certain period of the day.The fee 0.25 from $5 is not that high,there were times,when they asked even more.
This is really annoying. Bitcoin wallets are costing us too much per transaction i think they should cost us only about 1-5% of our transactions.
Exactly. On coinbase at least .. if you try to send money its gonna take you at least 5$ no matter what the amount is . I don't like how it works but it is what it is. I heard that we can somehow make the fee smaller but I have no idea how.. If anyone knows this and wants to tell us that would be super good.you mean for big money the charge is less and for small amount we may have to pay more? am I right?
I don't know about coinbase if changing fees feature is available, but i'm sure on the blockchain.info wallet you can modify the transaction fee .Exactly. On coinbase at least .. if you try to send money its gonna take you at least 5$ no matter what the amount is . I don't like how it works but it is what it is. I heard that we can somehow make the fee smaller but I have no idea how.. If anyone knows this and wants to tell us that would be super good.
Hey thank you for this. I was looking for something similar. Too bad you can't do this on Coinbase .. ? At least I think you can't.My main wallet has always been blockchain but I never knew that you can modify the fees there. Thanks again.I don't know about coinbase if changing fees feature is available, but i'm sure on the blockchain.info wallet you can modify the transaction fee .
That's why i love blockchain.info wallet
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