Bitcoin Transaction Fees: A Beginner's Guide For 2020

Bitcoin Lotto

The true random bitcoin lottery.
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Bitcoin Marketplace: Buy and Sell for Bitcoin

The /BitMarket subreddit is for buying and selling almost anything for Bitcoin BTC except what is prohibited by Reddit. Please use Old Reddit to see the full list of rules and sidebar to participate here. DON'T CLICK CREATE POST! Click below it.
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Riecoin - Cryptocurrency That Uses Prime Constellations as Proof Of Work

Riecoin is a decentralized (p2p), open source digital currency. It allows to transfer money to anywhere in the world with only minimum transaction fees. It is a fork of the Bitcoin project. The name "Riecoin" pays homage to Bernhard Riemann, whose work generated new ways of studying the distribution of prime numbers and is referenced in the math of Riecoin. It also pays homage to Bitcoin, the cryptocurrency that started them all.
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Block-Size - Increased Minimum Bitcoin Transaction Amount

Block-Size - Increased Minimum Bitcoin Transaction Amount submitted by HBSurfPhoto to Bitcoin [link] [comments]

Block-Size - Increased Minimum Bitcoin Transaction Amount

Block-Size - Increased Minimum Bitcoin Transaction Amount submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Coinbase offchain payments are broken and there is no alternative

Coinbase offers offchain, zero fee payments between Coinbase users: http://blog.coinbase.com/post/57483182558/you-can-now-send-micro-transactions-with-zero-fees
Unfortunately, this feature is broken. It's not working since months.
When you try to send to somebody a small amount (0.00001 BTC) you will get and error like: "minimum Bitcoin transaction is 0.0000546 BTC". If you increase the amount to 0.0000546 BTC it will ask you for a 0.0002 BTC fee too.
(The funny thing is it's working for a few accounts, but it's broken for the new users and sometimes for the old users too.)
Do you know any alternative to Coinbase where sending offchain micropayments is possible?
New wallets poping up like crazy with all the VC funds and none of them offer offchain micropayments.
submitted by hiero1 to Bitcoin [link] [comments]

I've never used bitcoin, but I want to pay for a transaction and it's the only payment method. What's the minimum I need to do?

For reference I'm in Canada.
I want to make a bitcoin transaction (usenet) for the value of $10 USD - honestly not interested in tracking values, markets etc. I just need to get enough bitcoin to make this payment. If it's super easy I might continue to use it for all my usenet/vpn transactions from a privacy standpoint.
From this page it seems there's two exchange options in Canada - Shakepay and Canadian Bitcoins. Unless I'm reading the landing page wrong, Canadian has a $50 minimum which is more than I need.
Do I still need a wallet? I usually do all my online shopping on my laptop (hate doing it on my phone) so a Windows client would probably be preferable. That being said I have an android phone so it might be convenient to pick one that supports both?
Really I have no idea where to start?
submitted by purplegreendave to BitcoinBeginners [link] [comments]

Need help Coinswitching.com

I wanted to buy a product so sent 20112 Doge https://chain.so/address/DOGE/D72fsCzEFQFwLiMN48zqEPrgPyoDa6JjV7
to them to be converted to BTC but the webpage is stating
The 0.8.2 Bitcoin has a limit that prevents sending (or relaying) transactions that have outputs smaller than 0.00005430 BTC. Be sure to send enough Dogecoins to respect the minimum transaction amount.
ERROR: We received Dogecoins but once converted it don't respect the minimim Bitcoin 0.8.2 transaction amount. Send more Dogecoins to respect the minimum Bitcoin transaction or contact us to get a refund.
The output is way more than the minimum limit. What to do in this case?
Edit - The server has a problem I guess I sent 2000 more Doge and still the same case. Nobody should use their services for now
submitted by agniswarm to dogecoin [link] [comments]

Please educate newbies that there will be no minimum transaction fee for Bitcoin Cash transactions!

This is terrible news for Litecoin (which I'm invested in and mine), and great news for Bitcoin Cash (which I'm invested in and mine): Charlie Lee is proposing that miners flag the minimum transaction fee in the block headers.
People who panic because they think this will lower LTC transaction fees below Bitcoin Cash levels are not getting what this actually means (and can follow my comments on the /litecoin channel on my thoughts on the implications).
What this actually means (and what I have left out in my comments in /litecoin) is that any attempt to change the transaction fee scale from Litecoin per byte to kbyte will FAIL on Litecoin.
When this will be implemented, Bitcoin Cash will have another advantage over Litecoin. We will have no minimum fee limit for our transactions. If we decide to change from 1sat/byte to 1sat/kbyte, we can just do that.
Fees are very low on Bitcoin Cash and they will stay very low on Bitcoin Cash. Bitcoin Core has fee problems, Litecoin has fee problems, Ethereum has fee problems. We don't!
edit: one little correction: the core wallet is counting LTC/kb already, so the example should be changing the scale from kb to mb. I was referring to the proposal to change from sat/byte to sat/kbyte.
Some additional info to the defenders of a minimum transaction fee to avoid spam attacks:
1) Bitcoin Cash already experienced a spamming attack on the 16th of August 2017 and it wasn't a success. Big blocks are an effective measure to counter spam attacks. The only network that is suffering from Spam attacks seems to be Bitcoin Core.
2)The smallest amount on BCH and LTC is 0.00000001. Why skip 3 digits like Charlie did and set the minimum fee to 0.00001? If you are worried about 0-fee transactions, set the minimum to 0.00000001 and there you go. But don't give any entity the power to dictate and raise that limit.
submitted by grmpfpff to btc [link] [comments]

"Steam credits are easily and instantly bought, at minimum Bitcoin related transaction fees - though Lightning Network on Bitrefill.Bitrefill company..." [-13]

submitted by NegativeWithGoldBot to NegativeWithGold [link] [comments]

05-24 05:14 - '*transaction fees. Try BCH. / In related news, I walked out of a bar after they said $15 minimum on cards (at $7 / beer), supposedly due to Visa transaction fees. / Either I need to start carrying cash again, or m...' by /u/SolarFlareWebDesign removed from /r/Bitcoin within 125-135min

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*transaction fees. Try BCH.
In related news, I walked out of a bar after they said $15 minimum on cards (at $7 / beer), supposedly due to Visa transaction fees.
Either I need to start carrying cash again, or more places need to start accepting Bitcoins
'''
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Go1dfish undelete link
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Author: SolarFlareWebDesign
submitted by removalbot to removalbot [link] [comments]

Second Market bitcoin exchange is now open for interested buyers & sellers; minimum 25 bitcoins per transaction.

Second Market bitcoin exchange is now open for interested buyers & sellers; minimum 25 bitcoins per transaction. submitted by SpinozaDiego to Bitcoin [link] [comments]

How am I supposed to buy from Paxful as a new account if every single vendor requires a minimum amount of transactions? /r/Bitcoin

How am I supposed to buy from Paxful as a new account if every single vendor requires a minimum amount of transactions? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

High transaction fees limit the minimum possible investment into Bitcoin.

A lot of people hearing about Bitcoin for the first time, even now, don't realize that Bitcoins are divisible and think that they must buy a whole Bitcoin to have any sort of investment. I used to get a lot of people to dip their toes in the water by offering to sell them $5, $10, or $20 worth of Bitcoin. With average tx fees now above $5, it doesn't make sense for me to pay a 25% fee to sell someone $20 worth of Bitcoin, and it doesn't make much sense for someone to buy $20 worth of Bitcoin when it will cost them at least 25% in fees to do anything with it.
The more demand for cryptocurrency can be padded by allowing virtually anyone in the world to purchase any amount of it, the more resilient the currency will be to groupthink market behavior and to manipulation by large players. As most of the world is now priced out of using Bitcoin, it's essentially being turned into a rich man's speculative toy, rather than something that can appeal to almost anyone. This will result in an inherently unstable system built on shaky foundations. The clock is ticking.
submitted by BeijingBitcoins to btc [link] [comments]

We need minimum transaction fee calculations in Bitcoin as well. How Cardano's transaction fees work...

We need minimum transaction fee calculations in Bitcoin as well. How Cardano's transaction fees work... submitted by kishvier to btc [link] [comments]

Did a transaction in bitcoin-qt for the "minimum" fee and it was 6x confirmed in about 4.5 hours. This pleases me.

https://blockchain.info/tx/c0b91945eff385daf3c40a428b7802274441baa328f95ec7dc4abc5ce8bd4f26?show_adv=false
Being a noob, I was using Exodus until I realized it was MAXIMIZING the fee, charging me something like $3 CAD to transfer $7 to someone!
I get that the fee supports the miners and thus the whole network, but come on!
submitted by CttCJim to Bitcoin [link] [comments]

Bitcoin [BTC]: Transaction fees remain minimum as transaction rates approach all-time high - AMBCrypto News

Bitcoin [BTC]: Transaction fees remain minimum as transaction rates approach all-time high - AMBCrypto News submitted by ulros to fbitcoin [link] [comments]

Bitcoin [BTC]: Transaction fees remain minimum as transaction rates approach all-time high

Bitcoin [BTC]: Transaction fees remain minimum as transaction rates approach all-time high submitted by leftok to atbitcoin [link] [comments]

What is the minimum transaction fee for small transaction? Can I set 1 satoshi per kilobyte? /r/Bitcoin

What is the minimum transaction fee for small transaction? Can I set 1 satoshi per kilobyte? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

When all bitcoin have been mined and "mining" switches to routing transaction, what is the minimum price where routing transactions alone is profitable?

or is this a dumb question? if so please explain why, thanks
submitted by TheClownInBlack to Bitcoin [link] [comments]

Why are Bitcoin Cash transactions paying more than minimum fee (10 sat/B)? Are the BCH wallets using the BTC fee estimators?

Why are Bitcoin Cash transactions paying more than minimum fee (10 sat/B)? Are the BCH wallets using the BTC fee estimators? submitted by jstolfi to Bitcoincash [link] [comments]

Bitcoin Developers Adding $0.007 Minimum Transaction Output Size

Bitcoin Developers Adding $0.007 Minimum Transaction Output Size submitted by vbuterin to Bitcoin [link] [comments]

Bitpay Confident in Bitcoin, But Raises Its Minimum Transaction Size

Bitpay Confident in Bitcoin, But Raises Its Minimum Transaction Size submitted by Fencesitta to Buttcoin [link] [comments]

Wouldn't setting a minimum transaction amount prevent the Bitcoin crisis?

From what I am reading, there are two issues: - Bitcoin miners don't want to raise transaction fees, for their own probably legitimate reasons - increasing the block size does not truly solve the scaling issue, it only buys time
The other idea is that Bitcoin really needs to be like the backer or "gold standard" of other crypto currencies. However, this hasn't been done by anyone.
In order to keep things as is, why not set a minimum transaction amount, like 1 btc? It would bring down the amount of transactions significantly. After all, gold isn't the most easily transferable asset either.
That would also create the opportunity/incentive for other startups to create suitable cryptocurrencies for small transactions that are backed by Bitcoin.
submitted by msavin to Bitcoin [link] [comments]

"A new crypto-oriented advertising platform is using blockchain to enable low transaction fees and no minimum budgets for campaigns #CT_sponsored https://t.co/8L0nPx0RWv" $btc $ltc $neo $eth #btc #bitcoin #crypto #ethereum

submitted by fcukjerry to BitcoinDayTrade [link] [comments]

DEMO - Bitcoin Fake Transaction FV With Blockchain Beta Version ✅ How To Get The LOWEST Cryptocurrency Trading Fee Millionaires vs. Bitcoin Supply!!  2000 -2019 How to set your Fees For faster transactions On Blockchain By Bart Janssen Looking at an Ethereum transaction on the blockchain

The minimum amount of bitcoin you can send in a transaction is 546 Satoshis, which is equivalent to .00000546 BTC. This minimum transaction fee should be more than the minimum relay fee. What Is Minimum Relay Fee In Bitcoin? The minimum transaction fee a transaction must pay (if it isn’t a high-priority transaction) for a full node to relay that transaction to other nodes. There is no one minimum relay fee—each node chooses its own policy. The minimum amount is the one set by the platform on which you’ll buy your first piece of Bitcoin. For example, Coinbase allows its users to buy Bitcoin from $2 . On the other hand, I do not recommend investing such a small amount of money because exchange platforms charge fees for buying, selling and transferring cryptocurrencies. The Bitcoin block size limit is a parameter in the Bitcoin protocol that limits the size of Bitcoin blocks, and, therefore, the number of transactions that can be confirmed on the network approximately every 10 minutes. The minimum transaction fee is dynamic and can change over time. Thus, the best way to calculate Bitcoin transaction fees is by doing fee estimation using information provided about the Bitcoin network. Bitcoin fees are usually shown as Satoshis/Byte or Satoshis/kB. Here’s how you can estimate your optimal Bitcoin transaction fees:

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DEMO - Bitcoin Fake Transaction FV With Blockchain Beta Version ✅

Bitcoin fake transaction is a software which allows you to send false bitcoin transactions with 100% confirmation (watch the demo video live) and which can also be canceled. Before using the ... SUBSCRIBE AND PARTICIPATE IN MY GIVE AWA'S THANK YOU FOR WATCHING https://youtu.be/nQJrgYhQpLg ----- 👇👇👇👇👇👇👇👇👇👇👇👇 https://youtu.be ... Visualize the total amount of millionaires in USD for each country from 2000 to 2019 versus the Bitcoin circulating supply. In the year 2000 there was approximately 13.9 million millionaires. Fast ... How To Double Spend Your Stuck Bitcoin Transaction with FSS-RBF - Duration: 8:22. m1xolyd1an 85,487 ... Ethereum to 10k minimum + SEC Securities - Duration: 29:09. Digital Asset News 24,509 ... video, sharing, camera phone, video phone, free, upload

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