Post
Topic
Board Service Discussion
Re: How to avoid high bitcoin transaction fees?
by
triads
on 03/01/2018, 01:28:26 UTC
Reduce the number of payments and only send/receive large amounts.

Also, check the mempool before you send:

https://dedi.jochen-hoenicke.de/queue/#24h

Wait till it has dropped before sending, and you increase the chances that you receive your coins quickly.

The other option is to use another coin. Ask the people who are sending the coins whether they can use litecoin or doge instead. It's cheaper and quicker.

Avoiding using BTC is not a 'solution'. That so many posters are suggesting it bodes poorly for Bitcoin. Segwit or not, if the crypto can't handle the volume without a $26 transaction fee (which is the current average), it has lost it's original purpose.

For comparison, the average transaction fee for VISA or MasterCard is $2.