Strategies To Save Bitcoin Fees?

[Thinker009]

I think the best way is to convert it to small asset and do the necessary exchange you are willing to do ,when taking the necessary steps to reduce the high blockchain network fee

 

[nimzy]

I think the only strategy to avoid such kind of situation is to make your transactions directly to the person yiu wishes to make your sell or buy from not directly to the main body of the forum itself.

 

[Good-Person]

I am not sure if you can actually save crypto fees. You may try to use Faucetpay or expresscrypto micro wallets to save fees if you want. i have never used them so I am not sure if they indeed have a low fees. I have read somewhere that they charge a very low fees.

 

[Trexxxy]

I think the best way would be to convert to other coins, if you don't want to do that, there are few options I can think of, I also think you could check out different wallet options.

 

[Dagm1]

I do not believe certainly there certainly are actually any type of tactical strategies to utilize to evade the Bitcoin deal charge for participants or even Financiers. The genuine truth is actually that as the cost of each coin is actually increasing therefore is actually the cost of the deal charge increasing.

 

[Nomad]

Binance to Binance and Coinbase to Coinbase has low transaction cost. If you send larger amount instead of small amount, you will also save transaction fees for bitcoin.

 

[Filicit]

It's better to just hodl as long as possible, when you hold bitcoin your money increase then you will make more money that will cater for your fees

 

[Aaron625]

If you want Bitcoin transaction fees to be as low as $1 , you can withdraw Bitcoin from faucetpay , by choosing normal withdrawal. It takes 4 hours to complete the transaction. So deposit any altcoin to faucetpay , exchange it to bitcoin in faucetpay and then withdraw bitcoin. Or use trust wallet to set your own transaction fees for bitcoin.

 

[Kunkun]

Yeah the transaction fees can indeed be an headache and like you said even transferring to another altcoin would also incur a charge too which I usually do, using the same wallets helps reduce the charges too

 

[greenie]

The strategy that I was newly taught to save up on fees when I want to buy or sell cryptocurrencies on my Luno wallet is by selling the Cryptocurrency on the trading exchange rather than selling it to Luno itself. This way the fees will be so small that will be charged on the transaction.

 

[tyrim88]

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.

That has been one of the issue with trading with bitcoin,because the transaction fees are so exhorbitant,but one can actually wait till you have large quantity to send or on the alternative wait for when network is less.

 

[Danny4cash]

I think sending to altcoin help to minimize the transaction fees. Bitcoin fees is much and it's giving people alot of concerns. But there's no way one can escape transaction fees, it can only be minimized.