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Bitcoin To Cash Fee

Coinbase | How Are Fees Applied When I Buy Or Sell ...

Coinbase | How Are Fees Applied When I Buy Or Sell ...

How are fees applied when I buy or sell digital currency? How are fees applied when I buy or sell digital currency? Fees are added to the amount entered to arrive at the total for the order. For example, if you enter $100 USD as the amount of BTC to buy, and the fee is 1.49%, your total will be $101.49. That total will be charged to your payment method and you will receive $100 worth of BTC. Coinbase fees are subtracted from the amount entered to arrive at the total. For example, if you enter $100 USD as the amount of BTC to sell, and the fee is 1.49%, your total will be $98.51. $100 Worth of BTC will be removed from your Coinbase account and $98.51 will be credited to the selected payment method. The total amount of the transaction denominated in both the digital currency and your local currency, as well as the fees being charged, will always be displayed to you on the confirmation screen. For specific fees based on your location and payment method used, please see: Buy/Sell / Deposit & Withdraw Fees Still can't find what you're looking for? Continue reading >>

Bitmain Will 'burn' 12% Of Bitcoin Cash Txn Fee, Asks Miners To Follow

Bitmain Will 'burn' 12% Of Bitcoin Cash Txn Fee, Asks Miners To Follow

Bitmain Will Burn 12% of Bitcoin Cash Txn Fee, Calls on Other Miners to Follow Cryptocurrency mining rig manufacturer and mining pool operator Bitmain has announced that it will destroy a portion of the transaction fees that it accrues from mining Bitcoin Cash blocks in a bid to support the economic health of the network. AntPool, the Chinese companys mining pool, made the announcement on Friday, explaining that it will burn 12 percent of all the transaction fees from Bitcoin Cash blocks that it mines by sending them to burn addresses, whose funds are unspendable. Arguing that Bitcoin Cash is at the tipping point of becoming a widely used public blockchain, Bitmain explained that burning a portion of the networks transaction fees will strengthen its internal economy and help investors profit from the growth of BCH. While having active users spending BCH is very important for the ecosystem, having investors who hold BCH is also a fundamental requirement for maintaining a strong economy. Without these holders, BCHs exchange value loses significant support. We believe that they too should profit from the growth of BCH by their continued stake in the Bitcoin Cash ecosystem. The transaction fees earned by miners are an important growth indicator of the BCH ecosystem, and if a portion of the fees are burnt, it is effectively miners sharing revenue with the entire BCH network. By reducing the total supply of Bitcoin Cash in circulation, Bitmain believes that it can reduce sell pressure on the coin, ultimately making it more valuable. Those comments are notable, given that many of Bitcoin Cashs advocates a group that includes Bitmain CEO Jihan Wu argue that Satoshis vision for cryptocurrency was that it should be a currency first, not a store of value. At present, AntPool acco Continue reading >>

Tx Highway - Live Bitcoin Cash Vs Bitcoin Core Transaction Visualizer

Tx Highway - Live Bitcoin Cash Vs Bitcoin Core Transaction Visualizer

Bitcoin Cash vs Bitcoin Core Transaction Visualizer TX Highway is a blockchain visualizer created by two Bitcoin Cash fans. We wanted to find a simple way for ordinary users to visualize transactions on both chains, and provide a comparison of the two competing chains of Bitcoin. We strongly feel Bitcoin Cash's big blocks, on chain scalability, fast confirmations and extremely low fees allow for Bitcoin to become the peer to peer electronic cash that it was always meant to be. It's wide open highways with Bitcoin Cash, and complete gridlock on Bitcoin Legacy. The highway comparison was originally shared by Eli Afram ( @justicemate ), a contributor for CoinGeek. This highway metaphor is what spawned this whole project. [Source] Eight lanes of Bitcoin Cash is 8MB block sizes while the single lane of Bitcoin Legacy is the limited 1MB block size. [Source] [Video Source] [Video Source] NO2X Signs blocking a second lane is the failed NYA Segwith2x. [Source] Unfinished tracks/future home of lightning under construction is the promised lightning network vaporware. [Source] Commerce City censored on the BTC road sign is the censorship of public forums and the lack of utility of BTC. [Source] [Source] [Video Source] [Video Source] The tabs on the BTC road sign is the Blockstream CEO's suggestion to unreliable Bitcoin Legacy use. [Video Source] Love our idea? Please donate to help support ongoing projects and development! We have several other ideas for projects to support Bitcoin Cash and appreciate any help you can provide. Contact The Developers bitcoincash:prwhldvws4yxkedqc3akh8ukwfs05z2dv5vnf5r9kt Continue reading >>

Bitcoin Cash - Peer-to-peer Electronic Cash

Bitcoin Cash - Peer-to-peer Electronic Cash

Transact in seconds. Get confirmed in minutes. A payment system that's a proven store of value. World's most robust blockchain technology. Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash". Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are also owners of Bitcoin Cash. All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world. On Chain Scalability - Bitcoin Cash follows the Nakamoto roadmap of global adoption with on-chain scaling. As a first step, the blocksize limit has been made adjustable, with an increased default of 8MB. Research is underway to allow massive future increases . New Transaction Signatures - A new SigHash type provides replay protection, improved hardware wallet security, and elimination of the quadratic hashing problem. New Difficulty Adjustment Algorithm (DAA) - Responsive Proof-of-Work difficulty adjustment allows miners to migrate from the legacy Bitcoin chain as desired, while providing protection against hashrate fluctuations. Decentralized Development - With multiple independent teams of developers providing software implementations, the future is secure. Bitcoin Cash is resistant to political and social attacks on protocol development. No single group or project can control it. The bitcoin-ml mailing list is a good venue for making proposals for changes that require coordination across development teams. Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank Continue reading >>

How To Calculate Bitcoin Transaction Fees When Youre In A Hurry

How To Calculate Bitcoin Transaction Fees When Youre In A Hurry

How to Calculate Bitcoin Transaction Fees When Youre in a Hurry Calculating transaction fees is like riding a bike or rolling a cigarette: simple when you know how, but frustratingly complex otherwise. UX improvements over the last few years have made bitcoin easier than ever to send and receive, but fee calculation is still something of a dark art. The following resources make fee calculation a doddle. See also: The Curious Case of the New Dragonmint Bitcoin Miner In this life, nothing comes for free. You wanna send bitcoin, youve got to pay the piper, namely the miners whose machines secure the network and confirm the hundreds of thousands of transactions that pass through it every day. Back in the day, when one bitcoin cost tens or hundreds of dollars, no one paid too much attention to fees; they were so small as to be unimportant, which is why sites like Satoshi Dice were able to flourish, permitting idle bitcoiners to send scores of micro-transactions over the blockchain with scant regard for fees. Fee calculation isnt as easy as the experts would have you think. The less blockchain congestion there is, the faster your transaction will be confirmed. In addition to earning a reward for solving the next block, miners receive the fees attached to any transactions on that block. The current reward per block is 12.5 BTC, but the miner may receive a figure closer to 13 BTC by the time fees have been added on. Although there is technically no obligation to attach fees to a transaction, there is also no obligation for the miner to include any transaction in the block theyre confirming. Thus it makes sense to include a fee to incentivize the miner to add the transaction to the block. Miners prioritize transactions with the highest fee per byte, which is why senders who are Continue reading >>

Bitcoin Cash For Beginners: A Step-by-step Guide To Bch | Finder.com

Bitcoin Cash For Beginners: A Step-by-step Guide To Bch | Finder.com

Built upon the bitcoin model , Bitcoin Cash is a digital currency that is: Decentralized. The network is spread out across many different computers all over the world. Peer-to-Peer. Person A can send Bitcoin Cash directly to Person B from anywhere in the world without needing an intermediary, like a bank. Secure. Bitcoin Cash uses strong encryption to prevent hacking, fraud, and cyber attacks. Open. The history of all Bitcoin Cash transactions is logged on a publicly accessible blockchain that can be viewed and verified by anyone. How is Bitcoin Cash different from bitcoin? Bitcoin Cash was created as a result of diverging viewpoints within the bitcoin community about how to scale the network. As more people began to use bitcoin, the network struggled to keep up with the volume of transactions. As a result, many bitcoin users were waiting hours, sometimes days, before seeing their transactions go through. There was a lot of debate around how to solve this problem that led to a split between two groups with opposing viewpoints: those in favor of increasing the size of blocks in the blockchain versus those in favor of restructuring the way data was stored in the existing blocks. To make transaction speeds faster, one group within the bitcoin community wanted to increase the size of blocks on the bitcoin blockchain. This group, consisting primarily of bitcoin miners, could not get enough support from the larger bitcoin community to form the consensus needed to move bitcoin in this direction. As a result, this group split off (or hard-forked) from the original bitcoin blockchain and formed Bitcoin Cash as a new currency. Bitcoin Cash recognizes the same blockchain as bitcoin up until the time of the fork, August 1st, 2017. After the fork, Bitcoin Cash transactions started Continue reading >>

What Does The Surge In Transaction Fees Mean For Bitcoin? | Bank Innovation | Bank Innovation

What Does The Surge In Transaction Fees Mean For Bitcoin? | Bank Innovation | Bank Innovation

What Does the Surge in Transaction Fees Mean for Bitcoin? Bitcoin has had a volatile December, from reaching an all-time high of over $19K to crashing down more than 30%. There is no dearth of reasons for why the price for cryptocurrency has been falling, from blaming the recent the hack of South Koreas cryptocurrency exchange Youbi last week, or simply an overall reluctance by many people and governments to accept the legitimacy of the cryptocurrency. Another reason, according to a report by Seeking Alpha, is the rising transaction fees associated with the cryptocurrency. The fees may send users scuttling to altcoins, the report argues. This report points to the fact that bitcoins transaction fees are 1,000 times more than other cryptocurrencies. Jonathan Cooper, author of the Seeking Alpha report stated: Transaction fees will continue to hinder Bitcoin adoption and provide a rough user experience for Bitcoin users. Specifically, Bitcoin costs far too much relative to other coins, even to the mostly identical Bitcoin Cash. Perhaps the most problematic element of bitcoins high transaction fees, as pointed in article, is that its not based on the transaction amount, as one might logically assume so, it doesnt matter if an investor is putting in $50, or $2 million. Bitcoins transaction fes is calculated based on the transaction in bytes, meaning the number of wallets used to make the transaction. This transaction fee was less than $1 in January this year. In December, the average cost per transaction was at least $33.30, according to Seeking Alpha. Thats a 3300% increase. Fellow Bitcoiners, are you ever going to realize how problematic these fees are getting? Avg fees now over $40 per tx. A year ago avg fee was $4. A year prior, $0.40. Growing faster than price, and expo Continue reading >>

Why Bitcoin's Price Has Continued To Rise In The Face Of High Transaction Fees

Why Bitcoin's Price Has Continued To Rise In The Face Of High Transaction Fees

Why Bitcoin's Price Has Continued To Rise In The Face Of High Transaction Fees I've been a full-time Bitcoin writer and researcher since early 2014. Opinions expressed by Forbes Contributors are their own. The bitcoin price reached new all-time highs on a regular basis this year, but some have pointed to the congestion currently found on the Bitcoin network as a sign that the system will be unable to scale to more users over the long term. According to BitInfoCharts , the median Bitcoin transaction fee on December 30 was $16.04, and there were a few days where it was more than $30 per day earlier in the month. These high fees or the prediction that fees would eventually go much higher are what led to the creation of Bitcoin Cash, which is a Bitcoin fork that was created over the summer around the same time that the Segregated Witness improvement was locked-in on the Bitcoin network. Bitcoin Cash features a larger block size limit, which increases the supply of block space, but it is also a completely different cryptocurrency network that does not have the level of liquidity or network effects seen in bitcoin. Litecoin is another cryptocurrency that has long been marketed as a cheaper alternative to Bitcoin. Its creator originally referred to Litecoin as the silver to bitcoins gold. So why has the bitcoin price continued to rise in the face of less reliable transaction confirmation times and skyrocketing fees when these cheaper alternatives are available? The Cost of Getting Into Bitcoin as a Store of Value is Still Low While the use of bitcoin as a medium of exchange was often hyped as the killer use case in the early days of the projects development (its even discussed in the opening section of the whitepaper), the asset has evolved to become viewed more of a store of Continue reading >>

Bitcoin Rival Bitcoin Cash Soars As Coinbase Adds Support

Bitcoin Rival Bitcoin Cash Soars As Coinbase Adds Support

Sign up or login to join the discussions! Bitcoin rival Bitcoin Cash soars as Coinbase adds support Coinbase users will be able to buy and sell Bitcoin Cash. Coinbase stunned the cryptocurrency world on Tuesday evening by announcing that it would add full support for Bitcoin Cash, a payment network that split off from the mainstream bitcoin network in August. Coinbase users can send and receive Bitcoin Cash coins, and they'll soon be able to buy and sell them as well. The news sent the value of Bitcoin Cash soaring more than 30 percent, from $2,800 to $3,800 per coin. Trading on Coinbase's cryptocurrency exchange, GDAX, briefly showed a much bigger gain, with Bitcoin Cash prices as high as $8,500 before trading was suspended. Other exchanges have not shown Bitcoin Cash prices that high, suggesting that these high prices may have merely been a technical glitch. At publication time, the price of Bitcoin Cash was around $3,300. Meanwhile, the price of conventional bitcoins fell from $17,800 to less than $16,000a decline of 10 percentin the wake of the Coinbase announcement. It has since regained some ground and is now worth $16,800. Markets reacted strongly to the news because Coinbase's endorsement could provide a big credibility boost for Bitcoin Cash.Bitcoin Cash supporters have been arguing with supporters of the conventional bitcoin network over whose version of bitcoin better reflects the vision of bitcoin founder Satoshi Nakamoto. Coinbase has millions of users, many of whom haven't ventured beyond the relatively safe confines of the Coinbase service. They now have the option to purchase Bitcoin Cash alongside the other cryptocurrencies Coinbase supports: regular bitcoins, litecoins, and ether. The scaling debate that fractured the bitcoin world The bitcoin communi Continue reading >>

Transaction Fees Temporarily Favor Bitcoin But Bigger Picture Looks Differentbitcoin Fees Temporarily Less Than Bch, Can This Continue?

Transaction Fees Temporarily Favor Bitcoin But Bigger Picture Looks Differentbitcoin Fees Temporarily Less Than Bch, Can This Continue?

However, temporary snapshots often tell a different story. The Tweet by Ven Verret shows the BTC fees are lower than BCH in a six-hour period. An interesting development, albeit one that only tells a small part of the story. The screenshot itself shows these fees for Bitcoin have spiked just an hour or two prior. Why that sudden increase took place, remains a bit unclear at this time. This doesnt mean Bitcoin has suddenly become cheaper to use. When timing transactions correctly, that may be the case temporarily. Additionally, users with patience can still send transactions at 1 Satoshi per byte. It may take several hours to confirm, but it is another interesting option worth exploring. When looking at the bigger picture, however, BCH remains the cheaper option by quite a margin. As is usually the case when trends like these are pointed out, the public backlash is palpable. Bitcoin Cash supporters do not take kindly to this development. However, they also point out how their average TX fee is 0.24 cents or lower. That is quite cheap, although others will argue this point. The overall use of the BCH network compared to Bitcoin is very different. The bigger question is how this situation will evolve. More specifically, there is a growing need for faster and cheaper Bitcoin transactions. The Lightning Network may effectively provide that functionality. Thanks to the growth in payment channels, it seems this logical development may occur pretty soon. Even so, the technology is still in beta testing, and an official launch has not yet been announced. Developments like these are interesting to keep an eye on. However, keeping the bigger picture in mind needs to be a top priority first and foremost. That picture clearly shows Bitcoin has the highest market cap and Bitcoin Cas Continue reading >>

Bitcoin Passes $40 Average Fees, Sees Exodus To Bitcoin Cash, Dash

Bitcoin Passes $40 Average Fees, Sees Exodus To Bitcoin Cash, Dash

Bitcoin Passes $40 Average Fees, Sees Exodus to Bitcoin Cash, Dash Posted by Jol Valenzuela | Dec 21, 2017 | News | Bitcoins average fee approaches $42 as users flee to other chains. Cryptocurrency has seen an incredible rise over the last month, growing from a collective market cap of $243 billion to $625 billion at present. Much of this flowed into Bitcoin, which reached an all-time high of over $20,000 and a market dominance percentage of 67.55% in early December. Over the next two weeks, however, that price has fallen to $16,285 and its market dominance now ranks at 43.9% while the net market cap of cryptocurrency has continued its rise unabated. Average fees have risen across the board, with Dash and Bitcoin Cash remaining lowest The explosion in the cryptocurrency markets has caused a flood of new transactions, this time distributed across multiple chains. This has resulted in fees rising across the board. As noted above, the average fee for Bitcoin transactions has risen to $41.62. Second place for highest fees is Monero, which ranks an average $10.70 per transaction, becoming the first non-Bitcoin coin to break the ten dollar fee barrier. Litecoin and Ethereum battle for third place, with average fees of $1.50 and $1.40, respectively. Finally, Bitcoin Cash and Dash compete for the lowest average of the top coins with $0.90 and $0.87 respectively. While figures like mean average and median can deliver a fast, easily accessible metric for fees, they do not always portray an accurate picture of what most people are paying. Bitcoin has the most widely distributed fees, though the vast majority fall close to $27.78 and $30.60. The overwhelming majority of Ethereum fees are $0.70. Most Bitcoin Cash transactions cost $0.02, $0.04, or $0.06, with about 10% at $2.40 and Continue reading >>

Bitcoin Cash Transaction Fees Are More Expensive Than Ethereums Already

Bitcoin Cash Transaction Fees Are More Expensive Than Ethereums Already

The term Flippening is thrown around quite loosely as of late. Many people expect Bitcoin Cash to overtake Ethereum by market cap and remain in that position The earlier attempt got rejected and the BCH price crashed pretty hard as a result. To make matters worse, the BCH fees are higher than the Ethereum fees right now. An interesting development, to say the very least. Litecoin still remains a cheaper option than both. Transaction fees are critical to any cryptocurrency ecosystem. If the costs are too high to send transactions, users will look for alternatives. Bitcoin Cash is clearly cheaper than Bitcoin right now. However, that doesnt mean BCH is better than other currencies by definition. In fact, it is the more expensive altcoin when compared to Ethereum and Litecoin right now. This is another interesting flippening aspect, to say the very least. Bitcoin Cash Transactions get More Expensive With the BCH fees outweighing those of Ethereum, an interesting situation is created. One has to acknowledge ETH fees have been pretty high over the past few months in comparison. With more transactions on the Bitcoin Cash network right now, this unfavorable change was only a matter of time. Considering how the blocks arent even full yet, that is pretty worrisome. Things will only grow worse from here on out, that much is rather evident. Although the difference between BCH and ETH in fees is small, it is significant. How this situation will evolve in the coming weeks, remains to be determined. According to Bitinfocharts , the average ETH fee is now $0.181. Bitcoin Cash, on the other hand, has a cost of $0.2. Both are a lot lower compared to Bitcoin, which is only to be expected. However, it shows Bitcoin Cash will face a fair few struggles to overtake Ethereum in market cap on Continue reading >>

Bitcoin Fees Explained Are Bitcoin Transaction Actually Free ?

Bitcoin Fees Explained Are Bitcoin Transaction Actually Free ?

Last updated on April 15th, 2015 at 10:37 am This video contains advanced concepts that were explained in previous videos. If you are new to Bitcoin its best to watch the previous tutorials before watching this one. One of the major advantages of Bitcoin is that you can supposedly send money between any two points on earth for free. But if youve sent Bitcoins once or twice before you probably noticed that there are in fact transaction fees so whats going on here exactly ? Before I explain how fees are calculated I want to explain what Bitcoin fees are. When miners order transactions into blocks inside the Blockchain they get paid twice The first payment is by what you would call the system which grants them a bounty for succeeding in entering their block of transactions. The second payment is the fees the users attached to the transactions that got included in that block. But you dont always have to pay these fees, there are certain rules that dictate if and when you need to pay them. Of course you can choose to disregard the rules and not attach a fee to your payment but it is then possible that your transaction will take a long time to be processed. If the numbers of Bitcoins you are sending is smaller than 0.01 Bitcoins you will be required to pay a miners fee. This fee is required in order to prevent users from spamming the network with micro transactions. Even if the whole transaction is more than 0.01 Bitcoins but the change you get back from your inputs is more than 0.01Bitcoins you will need to pay a fee. Lets say you want to buy a watch for 1.999 Bitcoins. You use an input of 2 Bitcoins and receive back an input of 0.001 Bitcoins as change. Since the change is such a small amount you will require to pay an additional miners fee for it as well. If the inputs yo Continue reading >>

Bitcoin Cash - How To Get Estimated Fee And Send Transaction

Bitcoin Cash - How To Get Estimated Fee And Send Transaction

Bitcoin Cash - How to get estimated fee and send transaction Now I need to do it with Bitcoin Cash (BCH). I was reading something about it and it is a fork of Bitcoin. Are they using same fees? I have been searching and found many sites showing average fee, is that the standard on BCH? The fees for Bitcoin and Bitcoin Cash are not fixed, but are driven by supply (block space) and demand (transaction volume) in their respective markets. They are independent of each other, so prevailing fees for Bitcoin are not likely to be representative of Bitcoin Cash fees. I don't know of any sites that track Bitcoin Cash fees in the same way as Bitcoin. However you can see some historical data at sites like this one . Thanks for your answer. Question, do you know if they are transfer fees per KB or per Byte? I used BTC to evaluate and for that coin it is KB, I guess is the same for BCH. Eduardo Dec 9 '17 at 1:50 @Eduardo: Same difference. Whatever the fee is per byte, multiply by 1000 to get the fee per KB, or divide to go the other way. Nate Eldredge Dec 9 '17 at 1:51 sorry I did not explain correctly, I meant if in the page you suggest (bitinfocharts), the transfer fees they are showing are in USD per Byte or per KB. Eduardo Dec 9 '17 at 2:16 Oh I see. I think it is the median fee for the entire transaction, over all transactions of all sizes. Nate Eldredge Dec 9 '17 at 2:40 Continue reading >>

Big Transaction Fees Are A Problem For Bitcoin But There Could Be A Solution

Big Transaction Fees Are A Problem For Bitcoin But There Could Be A Solution

Bitcoin transaction fees are proving to be profitable for so-called bitcoin "miners". Miners work out complex cryptographic puzzles to add transactions to the blockchain, a decentralized record of all bitcoin transactions. They are paid in bitcoin in return for their services. On Monday, the total value of all transaction fees paid to miners hit an astronomical sum above $11 million on that one day, according to Blockchain.com data. A debate has been brewing among the bitcoin community surrounding transaction times and fees. Right now it takes an average time of 78 minutes to confirm a bitcoin transaction, according to Blockchain.com. But on Sunday the average time was as high as 1,188 minutes. Slow transaction speeds and fees has led to a number of splits in the original blockchain. In August, the blockchain was forced to split in two a phenomenon known as "hard fork." This led to the creation of a bitcoin spinoff called bitcoin cash. Another fork occurred in October , spawning yet another digital asset called bitcoin gold. These bitcoin offshoots have spawned because some within the bitcoin community believe that the size of blocks records of transactions on the network should be increased. A proposed update known as SegWit2x would have increased the block size from one to two megabytes, but this was dropped last month. Separating bitcoin from its altcoin rivals The boss of blockchain firm Ripple, whose digital currency XRP is the fourth-largest by market value, is skeptical about the use of bitcoin for payments and transfers. "I don't think bitcoin is well-positioned to solve the payments problem," Ripple's CEO Brad Garlinghouse told CNBC earlier this year. Garlinghouse said that his firm's cryptocurrency was "enabling transactions in seconds," adding that the cost Continue reading >>

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