Reduce transaction fees

[1pennyS 39]

As I know, the less fee are, more time needed to proceed transaction. So what's the point to use this feature?

[Kertis586 19]

Thanks for the helpful tips. they really help. Since Bitcoin has very high commissions. And you need to know the time when it is better to send transactions.

[CryptoMiner228 79]

Bro, if a program will take some fee from me, i think it not must be a problem, because it comission with site and it is good. For example in our time we always must pay for something, and it is normal.

[rocki 319]

On 10/6/2020 at 11:00 PM, 1pennyS said:

As I know, the less fee are, more time needed to proceed transaction. So what's the point to use this feature?

Sometimes we don't have a lot of money, e.g. for smaller transfers and we don't care so much about time, then we can give a lower transaction fee.

[joca 33]

A very important issue to reduce spending, check the link page and it seems very good, I think that if it should be taken into account to make transactions, it is always good to save as much as possible, I think that if I am not mistaken the rates The highest price are those of the bitcoin cryptocurrency, because its price is high, then I think ETH follows, but I always read that they recommend buying cheap currencies such as LTC, Dash or rippe to make transactions and then later you can do the exchange, the transaction fees for these currencies are cheaper.

[Jharoth12 31]

For my part, I do not like to pay a lot for the commission and for the transactions that this generates, for the rest I use Litecoin or dogecoin because it is a way to reduce the cost per transaction as opposed to charging me in bitcoin or eth.

[Niloy123 69]

The transaction fee must be reduced. Because in case of any business or investment, there are many transaction problems.  That's why you have to reduce the transaction fee for all these problems.  I agree with you.

[Fatih Aslan 41]

" I know that there is very little transaction fee in XRP, transaction fees are very high in etherium, and your transactions can take to long, even days, while you "wait for the transaction fee to be low.

[Bortmexanuk 27]

The solution is not bad, but you should not set too small commission, otherwise the transfer will take too long.

[Viscount 1357]

We can actually reduce transaction fee when we are transferring Eth or ERC 20 token. But as we know, there are downsides to reducing transfer fee. If you reduce transaction fee or what we called Gas, the transaction will be hard and will take some serious time before getting completed.

[Mir Hamza 2888]

There is a little transaction fee in ltc than btc. We know that bitcoin has much transaction fee other than litecoin. I used litecoin for my transactions. Other cryptocurrencies has much transactions fee and their is a long process. In this way we have to wait a lot for low transaction fees while sending any other cryptocurrency.. But we can send litecoin immediately.

[Luis Flores 8]

Thank you, my friend, for lowering the fees. Thank you very much because they are very high.

[DINERO 2]

On 10/9/2019 at 7:49 AM, hexwin said:

 

Everyone should know how to reduce fees when sending Bitcoins.

It is best to check mempool to see if there are to many stuck transactions.

- Use Electrum wallet and adjust edit fee manually 

- Use Ledger wallet and Seqwit addresses

More information and details you can find here:

https://en.bitcoin.it/wiki/Techniques_to_reduce_transaction_fees

 

Calculate fees here:

https://coinb.in/#fees

https://www.buybitcoinworldwide.com/fee-calculator/

Nice, i think equal

[ga570n 9]

Some peoples don't know that they can adjust transaction fees when sending cryptocurrency. I hope that will help a lot of users to set their preferences about transactions fees

[Mirandum 77]

So many exchange and wallet have a high fee, from withdrawal to buying and selling and so many other transactions, they over change Thier customers which may lead to loss of customers and it is a bad idea to have issues with your customer,  Why? Because of your the customers are like the pillar of the good

[GalaxyGuard 352]

I think this process can reduce fees for few wallets ,This system is not available in all wallet.

[rasta212 61]

 Efficiency improvements. Creating transactions that are smaller in size (weight), or which accomplish more for a given size, provide a more efficient way of using scarce block space and so pay less total fee to achieve a feerate that is equivalent to less efficient payments.

[rafatu 26]

the last time i tried editing the fee before sending' the btc took over 72hours before confirming.

[rocki 319]

On 10/16/2020 at 3:15 PM, rafatu said:

the last time i tried editing the fee before sending' the btc took over 72hours before confirming.

I also have similar experiences. I don't recommend lowering the transaction fee, because our money may be lost.

[snowflake97ss 10]

Trust wallet seems to be the cheapest wallet to process ethereum token transaction now.

[Ndayebo8 0]

This only applies to those who use the wallet, for me in making savings that are cost-effective is to use altcoin, there are many altcoins available in exchange and can be used as an alternative for withdrawals

 

 

[giangvan 36]

You can wait a long time. They need to perform better so that there are no delays in the network. It is important to set commissions not too low.

[febriyana 934]

That is simple guide. But in my opinion for Bitcoin fees, we shouldn't edit the fees. I already testing it many times and make my transaction very slow. The worst time is taking time more than 2 day to get confirmed. Now i prefer to use high fees but with recommendation by Mempool. If other coin i still brave to edit the fees.

[Edwinvicky 819]

I noticed that when ever one reduce the fee the transaction takes alot of time to process than high fees.

[Sabbir900 5]

now then according to a quantity of readings I take completed about it, the fee rates should not be concentrated much, for the reason that they are processed extremely late, they keep on on hold, now and then they persist days, weeks and the fee has to be made to order anon subsequently that they preserve manage it . Caution must be exercised when doing so