Post
Topic
Board Bitcoin Discussion
Re: Transaction fees
by
Zackgeno96
on 08/07/2020, 15:56:46 UTC
What do you think about transaction fee? Sometimes it really pisses me of.somedy, In the perfect world, there will be no comission at all. But frankly, I see that some exchanges have already decided to do that. I found a post, that it could be highly likely that the big part of the exhanges will do that soon. https://cryptogeek.info/en/blog/free-transactions. Sometimes, I gotta admit, that I can spend relatively a lot of money on the comission. I hope it will change somehow. I don't know how the other users can put up with it. Is there any legal way to avoid the fees?
Unfortunately there isn't any way to avoid the transaction fees, you always have to pay the transaction fees in order to get any confirmations on yout transaction as miners have to do some work on your transaction and also you have to compete with others to get your transaction confirmed so that is the reason for high fees that exchanges charge from you, moreover, you can minimize your transaction fees to the lowest possible by using an altcoin like Ethereum or any other altcoin for doing transactions which is having a huge market cap but smaller transaction fees in general than bitcoin and then convert back to bitcoins but then also you will be losing some money in this process due to the conversion fees that the exchanges charge.