I recently just made 2 bitcoin transactions and i must say I'm loving the lower fees since Segwit was supported.
€0.90 fee on both a transaction of €95 and €10.
Before on a transaction of €95 i would have been paying around €15 fee, which often made me not want to use bitcoin but now its very accessible.
Lower fees like this should attract a lot more people to the currency and make it more accessible for purchasing everyday items which a legitimate currency should be able to do.
So lets hope this helps towards legitimising bitcoin.
Well. Regarding fees. Did you try litecoin?
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No, i know litecoin have nice small fees but ive just always used bitcoin.
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You are from UK, right? How's coinbase doing there?
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I'm from Ireland and its doing fine, no problems
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Thanks for the tip. Fees are killer, I am in Canada if I use coinbase its around 2% to transfer money in, coinsquare a canadian exchange charges me 5%, then theres dust on the trade, and if I want the money back into my account another 5% to deposit fiat into my account, need to make 15% just to cover fees, its ridiculous, and this is still cheaper than trading stocks.
We need change, even with decentralized currency there are still overpaid gatekeepers
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I bought €100 of bitcoin with coinbase and was charged €3.99 which i didnt think was too bad.
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That's 4% and I bet you pay another 4% to convert back to £ there's 8% you need to cover fees, then you have trade to buy alt currency and back to bitcoin to exchange into £, you lose 10% on transactions, means you need to be trading in and out of positions with at least 20% gains and more if you are trading small positions. This creates a speculative market and takes credibility away from the underlying securities giving credence to statements like what we just saw from Jamie Dimon. I don't think that he is right and continue to invest in cryptocurrency, but there are underlying problems that will need to worked out. Comparitevly I see these icos and a lot of the alt currency like penny stocks, lots of pump and not much substance. This is just my opinion and obviously means nothing
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The fees have def become more palatable. In a way, if BTC continues to make updates without to much nonsense (BCH) - LTC will become useless.
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I am happy, finally, the fees are lowered, I remember paying over $20-$30 just for one purchase!
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Yes it used to be crazy, only about 3 weeks ago i was charged $52 for a transaction of $220, lets say i didnt go for it.
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Damn, that's insane! I hated using Coinbase for that reason but i guess i can use it again now!
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