How to do micro payments with bitcoin? The transactions need to be verified on the blockchain, but need to minimize the fees.
Yea micropayments are hard because you will lose so much money in fees. If this is for a business I would recommend upping your prices to cover the fees.
yes that is correct micro payments are much expensive in btc but not in other alternative coins. You can use other alt coin that have very less fees.
Both of you are correct, that is why micro transaction is not recommended usually for transferring bitcoin wallet to an exchange because of the high transaction fees. For me every time i do transaction i include multiple wallet to lessen the transaction fees.
Or if you want small amount of fees used faucet because the calculation of their transaction fee is much lesser than usual bitcoin wallet.