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Strategies To Save Bitcoin Fees?

  • Thread starter Thread starter Shivay
  • Start date Start date
The strategies of saving bitcoin fee is to make use of coinbase platform ,you could send a coin from coinbase to coinbase using your coinbase email and you would be able to save some fees through that process ,that's the best method to make use of
 
Cash% said:
The strategies of saving bitcoin fee is to make use of coinbase platform ,you could send a coin from coinbase to coinbase using your coinbase email and you would be able to save some fees through that process ,that's the best method to make use of
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Yes, coinbase doesn't charge a dime when it concerns transactions between coinbase to coinbase. I have coinbase, i receive Bitcoin worth over $50 from a merchant, so fast. That made me to believe that coinbase to coinbase isn't charge a dime transaction fee.
 
Sincerem said:
Yes, coinbase doesn't charge a dime when it concerns transactions between coinbase to coinbase. I have coinbase, i receive Bitcoin worth over $50 from a merchant, so fast. That made me to believe that coinbase to coinbase isn't charge a dime transaction fee.
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It didnt charge any fees , i want other platform to also adopt this method and many users will flock the platform , just like the way coinbase is operating for now , it have shown that the platform have more credibility and many more
 
Cash% said:
It didnt charge any fees , i want other platform to also adopt this method and many users will flock the platform , just like the way coinbase is operating for now , it have shown that the platform have more credibility and many more
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Coinbase is one of the best crypto exchange platform till date. Its value is above $5+ billion, binance is second in the ranking of best crypto exchange platform with higher value, $4+ billion. But i see binance climbing ahead of coinbase soon, cos of the availability of the site to many countries, and the increase in activities in the site.
 
Shivay said:
Most recently, Bitcoin's network fees have increased to a point where it's unfeasible to send small payments on a daily basis. SegWit is a solution to save from high fees, but not everyone supports it. Exchanging Bitcoin to an altcoin could be an option, but you'd still have to pay the network fee for the transaction to get processed on the Blockchain.

If there was a working strategy to save as much Bitcoin fees as possible, it would certainly prevent me a lot of "headaches". Do you happen to know of effective strategy to save off Bitcoin fees right now? Any suggestions or recommendations will be greatly appreciated.
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If you are a top tier person , then coinbase should be the perfect site for you , as their exchange rate is low and transaction between coinbase users is free
 
Since we're not from the top tier, and coinbase pro doesn't open to us in full. We can't access its full features, it is better to ficus on binance, and others that accepts worldwide use.
 
The strategy you could only make use of is to transfer the bitcoin to smaller coin then send to the wallet you are willing to send to and its done
 
If you are using coinbase and if you are sending to other coinbase users, use email id. This will save you a lot of transaction fees. You also need to avoid doing small transactions and concentrate on big transaction to save fees.
 
I do not know of any and Indoubt if there is any strategy used for saving bitcoin fees. Those fees are compulsory however, they vary in different platforms. Your best bet is use the cheapest of them.
 
To avoid wasting money on network fees, I try to send bitcoin in bulk instead of in tiny bits and I do my transaction late in the night because it is much easier at that time.
 
If you want to save on bitcoin transaction fees, you will have to stop doing small transaction and perform only big transactions. Small transactions have large fees.
 
Shivay said:
Most recently, Bitcoin's network fees have increased to a point where it's unfeasible to send small payments on a daily basis. SegWit is a solution to save from high fees, but not everyone supports it. Exchanging Bitcoin to an altcoin could be an option, but you'd still have to pay the network fee for the transaction to get processed on the Blockchain.

If there was a working strategy to save as much Bitcoin fees as possible, it would certainly prevent me a lot of "headaches". Do you happen to know of effective strategy to save off Bitcoin fees right now? Any suggestions or recommendations will be greatly appreciated.
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There is no strategy to reduce bitcoin transfer fees. Because the transfer fee is meant to be as a reward for miners and it has a protocol that it follows.
The only way to send with low transfer fee is by using coinomi wallet to transfer your bitcoin. Coinomi has the cheapest transfer and you can manually set the transfer fee yourself
 
Shivay said:
Most recently, Bitcoin's network fees have increased to a point where it's unfeasible to send small payments on a daily basis. SegWit is a solution to save from high fees, but not everyone supports it. Exchanging Bitcoin to an altcoin could be an option, but you'd still have to pay the network fee for the transaction to get processed on the Blockchain.

If there was a working strategy to save as much Bitcoin fees as possible, it would certainly prevent me a lot of "headaches". Do you happen to know of effective strategy to save off Bitcoin fees right now? Any suggestions or recommendations will be greatly appreciated.
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The only fee applied is the trading fee, if you are exchanging bitcoin to other altcoins on exchanges, I don't think transaction fee is included.
 
Alot of people have been talking about Bitcoin high fees. Unlike me i prefer sending other coins rather than bitcoin because Bitcoin charges high fees. So i prefer sending litecoin to other exchanges
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I find bitcoin fees a barrier when sending them to another wallet.. they charges very high so I just change it to litecoin and send them elsewhere
 
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One of the strategies are used another to escape high gas fees is to convert to either litecoin or dogecoin and send through bep20 network.
 
If you want to send some Bitcoin urgently, it would be best you just swap your coins to another one with lesser transaction fee and carry out your transfer.
 
Dowenship said:
I think this might lead to extinction of bitcoin. When its highly expensive to transact. It can lead to its extinction how? When people realize that there are other altcoin with less fees and more profitable, they will run from it now.
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The high network fee of bitcoin has been around around for a very long time and I don't think it will make it go into extinction.
I think it depends on the kind of network will you use. There are some networks that have very low fees and there are some that have extreme high fees.
 
Ok if I get you right, you mean there are some network that really works fine for transaction with lower gas fee and my fund won't get lost?
 
I don't think there is any strategic in bitcoin transaction because the price of bitcoin is going up so also the transaction fee will also go up as well.
 
I'm not quite sure there's any way to reduce bitcoin transaction fee price except one trades high volume per time. It's just simple logic of the reduction in prices when it comes to anything bulk transactions
 
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