Post
Topic
Board Bitcoin Discussion
Re: Bitcoin fees
by
Asimmo
on 13/07/2018, 14:05:05 UTC
How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know  perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.

Transacting with the use of bitcoin have bigger fees compared to Ethereum but that is if you are sending to an external wallet. To avoid those high fees there is a way of doing that. And that is to use one and the same web-wallet host website. For example like coins.ph if you transfer bitcoins to other users using the same site there are no fees but if you are going to send it to external wallets then that is the time that you will pay the huge transaction fees.
Really didn`t know this.
Is it valid for other websites as well?
Is BTC transaction fee the same for every exchange or it only depends beneficiary`s wallet address location?
Can someone clarify exactly?