Community post
CRYPTOCURRENCY : HIGH BITCOIN TRANSACTION FEES
People keep complaining that the Bitcoin transaction fees are very high and its so slow.
Do you know that Bitcoin transactions fees skyrocketing is no more a news now!!
Why ?
Because after the mempool clearance recently and the increase in segwit adoption, the fees have reduced substantially.
But wait!! Do you know how to reduce your transaction fees further while transacting bitcoins?
One way of reducing fees is using segwit addresses obviously and the other is to use such Bitcoin wallets that allow you to customize your Bitcoin fees.
Read Full Story Here: https://coinsutra.com/bitcoin-wallets-custom-transaction-fees/
article credit to: Coinsutra
#nkkb @nkkb
#teammalaysia Member at Steemit.
#mentormemtee with #zublizainordin and #nkkb
@OriginalWorks #originalworks
https://steemit.com/@originalworks
@t3ran13
Replies (21)
One way of reducing fees is using segwit addresses obviously and the other is to use such Bitcoin wallets that allow you to customize your Bitcoin fees.------this is really helpful. Thank you.
It's very interesting post and very useful!!
I like your work!!
Resteem _)) Upvote me if you want :))
Your Power is amazing ....You are steem millioner :P
yeah those fee are what kill the market for alot of people but there always going to be pros and cons to every venture thats what i like about steem the zero transactions fees and that it can be linked to most major and minor cryptos
assalamun alaikum.ya kawan bitcoin sekarang lagi gak jelas, postingan bagus kawan.
Bitcoin core gets challenged by Bitcoin cash now because bcc claim more faster and low transaction fees, nice post brother!!
@zublizainordin says @nkkb #nkkb I knew it, there must be a better way. Or a way better than before as kind heart People such as You go out far and near to read and to share goodness, Information like the above. Thank You and keep on sharing with us Steemians.
#zublizainordin
Easier way is to just use litecoin. Faster, Cheaper, and otherwise the same tech.
Good deal!
I have not been using bitcoin for sending. I've switched to litecoin for sending between exchanges to avoid high fees.
Nice to see it subsiding.
BLAST 'EM!
JGV
@nkkb to @thunderbirdcomic : Yes indeed, there many other options in terms of fees reduction. Thanks
@nkkb to @pioner21: Very good bro. Every success toy you.
#nkkb
Thank you for all dear @nkkd _))
Always success and you my friend....
It turns out many ways to reduce costs by using segwitions, I just found out, thanks for the information @ nkkb, I am also one of the bitcoin users.
@nkkb to @milky My pleasure and all the best in our journey towards financial freedom.
#nkkb
This is really helpful. Thanks mate!
I think in the end, the highest fee you paid for contributed to the fastest transaction time for your btc transaction. I am using ETH though.
@nkkb Yes sounds very simple indeed. All the best
@nkkb says Salamun alaikum dan terima kasih
@nkkb says welcome
@nkkb says At least there is a choice. Thanks bro
@nkkb says true enough and one choose whats good for one.
no prob!