Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin transaction fees fair?
by
aarons6
on 16/01/2018, 13:36:33 UTC
I also remember that I could send any transaction with normal fee and receive confirmations in a few hours.Recently, I had to wait more than 24 hours for confirmation and because of this experience, now I send each transaction with higher fee.Yes, I don't like it, but still is cheaper to send funds with bitcoin than with  WU, for example.It's obvious that this situation must be resolved somehow because bitcoin may become less attractive to the new people.I don't think that transaction fee is connected with BTC price. For me its really not fair for a high fee in many bitcoin wallets but i already use bitcoin wallet that has a really fast transaction that sounds fair for a few cent fee but having a high fee for a really slow transaction is really not unfair for us we are paying fee's and didnot get a fat transaction we wanted and there are so many confirmations needed.


this statement is flawed.

if you send bitcoin to someone that needed cash, they would have to send the bitcoin to an exchange then transfer it to bank account which usually has a fee.
if your friend lives in the USA, the IRS will then take up to 39% of this as short term gains.. since you are gifting him the bitcoin, im not sure but im sure its seen as all profit.


sending your friend a WU would only cost 20$.. that he or she can then cash for free.