Investing in medical cannabis. It’s profitable!
Play over 1000+ slots! SPIN NOW! WIN CASH!

Welcome to BeerMoneyForum.com - We Help Each Other to Make Money Online

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❓ASK Bitcoin transaction fee

MegaMan

Gold Member
LV
0
 
Joined
Jul 23, 2017
Messages
464
Reaction score
69
Points
36
Location
Egypt
BMF Points
70
Rating - 0%
0   0   0
I have $5.5 worth of bitcoin in my wallet, I can't send any amount of bitcoin because the regular transaction fee is really high :mad:, will there be any problems if I customized this transaction fee?
 
Last edited:

BMF

Administrator
Staff member
OFFICIAL
LV
1
 
Joined
Mar 24, 2016
Messages
6,440
Solutions
3
Reaction score
3,335
Points
206
Awards
3
Website
www.beermoneyforum.com
BMF Points
4,012,024
Rating - 100%
3   0   0
will there be any problems if I customized this transaction fee?
Yes, it may take more than the "usual couple hours" to be confirmed.
 

tusziget

Sapphire Member
LV
0
 
Joined
Aug 13, 2017
Messages
6,273
Reaction score
140
Points
150
Awards
1
Location
romania
BMF Points
929
Rating - 0%
0   0   0
I have $5.5 worth of bitcoin in my wallet, I can't send any amount of bitcoin because the regular transaction fee is really high :mad:, will there be any problems if I customized this transaction fee?
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.
 

Crystal

Platinum Member
LV
0
 
Joined
Apr 9, 2017
Messages
500
Reaction score
243
Points
50
Location
Terra
BMF Points
18,713
Rating - 0%
0   0   0
https://bitcoinfees.21.co/
wow the tx fees are really high right now, as i can see Time is on 1200 minutes on the longest line row . Well the minutes might not be in real for your tx but use this number as indicator for how much the network is loaded.
you need to wait and check this link and when you see 35-400 then it is decent to send for fees and if you see 35-90 that is best to send for almost free. You need patience to check this link often and don't send bitcoins right now.
 
Last edited:
M

Micheal joe

Guest
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
 

BMF

Administrator
Staff member
OFFICIAL
LV
1
 
Joined
Mar 24, 2016
Messages
6,440
Solutions
3
Reaction score
3,335
Points
206
Awards
3
Website
www.beermoneyforum.com
BMF Points
4,012,024
Rating - 100%
3   0   0
Today I paid over $1 to exchange :BTC: for PayPal. But sometimes when network is not busy fees are between $.05 - $0.10 :Smile:
 

tusziget

Sapphire Member
LV
0
 
Joined
Aug 13, 2017
Messages
6,273
Reaction score
140
Points
150
Awards
1
Location
romania
BMF Points
929
Rating - 0%
0   0   0
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
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.
 

BMF

Administrator
Staff member
OFFICIAL
LV
1
 
Joined
Mar 24, 2016
Messages
6,440
Solutions
3
Reaction score
3,335
Points
206
Awards
3
Website
www.beermoneyforum.com
BMF Points
4,012,024
Rating - 100%
3   0   0
I have $3 in my paypal and i want the BTC
The minimum to exchange is usually a lot bigger. Also your profits are small even Bicoin double it's value price, you make like $6.
 

castbound castboundoski

Platinum Member
LV
0
 
Joined
Aug 8, 2017
Messages
701
Reaction score
72
Points
35
Age
30
Location
Macedonia
BMF Points
90
Rating - 0%
0   0   0
I think it takes like 5-6$ per transaction.. sending someone bitcoins.Its a lot yea if you wanna send a small amount :/ Thats how I reacted too but the fee stays the same if you want to send even 1000$ which is really good.So working with small amounts isn't gonna help at all.. so its worse.
 
S

SHOHANA

Guest
you mean for big money the charge is less and for small amount we may have to pay more? am I right?
 
S

SHOHANA

Guest
thanks for the reply and assure me, actually I wanting to know more about bitcoins n bmf helping me a lot to lear more.
 
M

Medowriter

Guest
There are period when the transaction of bitcoin exchange used to be very fast especially late in the night and very early in the morning, I have received $5 bitcoin for $5.25 to blochain wallet but it is cheaper if it is the same kind of wallet.
 

tusziget

Sapphire Member
LV
0
 
Joined
Aug 13, 2017
Messages
6,273
Reaction score
140
Points
150
Awards
1
Location
romania
BMF Points
929
Rating - 0%
0   0   0
There are period when the transaction of bitcoin exchange used to be very fast especially late in the night and very early in the morning, I have received $5 bitcoin for $5.25 to blochain wallet but it is cheaper if it is the same kind of wallet.
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.
 

Abdul hanan

Gold Member
LV
0
 
Joined
Aug 4, 2017
Messages
408
Reaction score
19
Points
25
Age
26
Location
Pakistan
BMF Points
10
Rating - 0%
0   0   0
I have $5.5 worth of bitcoin in my wallet, I can't send any amount of bitcoin because the regular transaction fee is really high :mad:, will there be any problems if I customized this transaction fee?
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.
I think Coinpayment cost 0.5% fee only but i am not sure and never tried it.
 

castbound castboundoski

Platinum Member
LV
0
 
Joined
Aug 8, 2017
Messages
701
Reaction score
72
Points
35
Age
30
Location
Macedonia
BMF Points
90
Rating - 0%
0   0   0
you mean for big money the charge is less and for small amount we may have to pay more? am I right?
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.
 
S

SHOHANA

Guest
Past few days ago I have signed up on coinbase, there I found buying and selling is not allowed for my country.
 

Crystal

Platinum Member
LV
0
 
Joined
Apr 9, 2017
Messages
500
Reaction score
243
Points
50
Location
Terra
BMF Points
18,713
Rating - 0%
0   0   0
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.
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 .
https://www.beermoneyforum.com/thre...-your-blockchain-wallet-change-the-fees.1044/
That's why i love blockchain.info wallet :Cat:
 

castbound castboundoski

Platinum Member
LV
0
 
Joined
Aug 8, 2017
Messages
701
Reaction score
72
Points
35
Age
30
Location
Macedonia
BMF Points
90
Rating - 0%
0   0   0
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 .
https://www.beermoneyforum.com/thre...-your-blockchain-wallet-change-the-fees.1044/
That's why i love blockchain.info wallet :Cat:
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.
 

REWARDS: Active Raffles


  • Roll 25: Win 100,000 BMF Points!

    The entry period for this raffle ends in..

Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.