Starting to use bitcoin queries

Discussion in 'Cryptocurrency, Finance, & Gambling Discussion' started by Storm Spirit, Dec 9, 2017.

Starting to use bitcoin queries
  1. Unread #1 - Dec 9, 2017 at 12:53 PM
  2. Storm Spirit
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    Starting to use bitcoin queries

    Hi everyone, i'm planning to start and use bitcoin, however today i created a wallet at blockchain and wanted to sell 63M, apparently the guy who was buying my gold had to pay a fee of around 7 euros , i mean how is that possible? how everyone is using the BTC if the fees are so high? is there any way to prevent the fees? also there was an option where you can change "sat/b" and if you set it to 1 the fee becomes 0.03 but then again it doesn't give an estimate time on how long will it take for me to receive the BTC, so main questions are how to prevent fees for everyday trading and how long would it take to receive btc if sat/b is 1?

    Thanks in advance guys . :)
     
  3. Unread #2 - Dec 9, 2017 at 1:01 PM
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    Starting to use bitcoin queries

    1 sat/b will probably never get confirmed and the transaction will return to the sender. Whenever there's high traffic and a lot of unconfirmed transactions the "regular" fee price goes up. When there isn't much traffic you can expect a 0.5-1$ fee on average.
     
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  5. Unread #3 - Dec 9, 2017 at 1:11 PM
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    Starting to use bitcoin queries

    Thanks for your answer, very helpful
     
  7. Unread #4 - Dec 9, 2017 at 1:14 PM
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    Starting to use bitcoin queries

    Most people try to use Coinbase to send internal Email transactions, without a fee and instant. to avoid that, its up to the parts involved to agree on a btc ammount etc. But apart from that btc is having fees incredibly high that I rater take any other crypto
     
  9. Unread #5 - Dec 9, 2017 at 1:18 PM
  10. Storm Spirit
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    didnt quite understand, what do you mean by saying that?
     
  11. Unread #6 - Dec 9, 2017 at 1:54 PM
  12. Rael
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    Starting to use bitcoin queries

    There's a wallet called coinbase. www.coinbase.com most people get their bitcoins from there and they have internal transactions meaning you can send by email to another person trough their email address. the transactions cannot be reversed same principle of btc, and they are instant and has no fee.
     
  13. Unread #7 - Dec 9, 2017 at 2:00 PM
  14. Storm Spirit
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    How do i make such transaction?
     
  15. Unread #8 - Dec 10, 2017 at 4:40 AM
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    Starting to use bitcoin queries

    Lmao “decentralised”
     
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