Post
Topic
Board Bitcoin Discussion
Re: Wallet with lowest transcation fee
by
alexkey
on 01/06/2017, 07:42:00 UTC
Can anyone tell which Wallet with lowest transaction fee both desktop and web wallet.

Thanks


There is no PC wallet with lowest fees like that,Online wallets Poloniex just requires 0.0001 for withdrawal, heard coinbase is "free", LBC also takes less fees than the normal.
PC wallets and BC.info offer free fees, you can set it as much as you want (or as less) but of course if you lower it the possibility of getting confirmed plummets.

Poloniex is not a wallet as such it is an Exchange, it is not advisable to use it as a wallet plus all the Exchanges are currently struggling with Support if you should need it due to so many new users signing up.

Coinbase is not free unless the transaction is between Coinbase users, i.e. Coinbase to Coinbase.

Most wallets now give a choice of transaction fee for you to choose from according to the importance of the speed of the transaction.
Just to correct thing. Poloniex requires 0.001 as a fee for withdrawal and not 0.0001. It's right that Poloniex is basically an exchange, and many people have repeatedly said that it's really dangerous to keep your money in exchange for a long time because every exchange has the potential to turns out becoming scam just like Cryptsy. But, if someone is expecting to make a big sized transaction with the lowest fee, using Poloniex can be an alternate option. It doesn't matter how big your transaction is, the fee will always be fixed.

BTC withdrawal transaction fee is actually 0.00010000 at Poloniex but another problem with all the Exchanges and many other centralised services at the moment is that due to the surge in new users there are lengthy backlogs in the support systems should you need them.
Ah, Sorry, I just remembered that 0.001 is Bittrex withdrawal fee. Pretty curious about why there's a huge gap of fee between Bittrex and Poloniex. Maybe Bittrex just trying to minimise the loss caused by the overwhelmingly high fee.
But, a good thing it's also fixed so it's fine.

About my post what do you think?
Xapo is the only one

Which takes your fee if you receive less than 0.001 btc
Or are all wallets now?