Friday, November 23, 2018

How to minimize cryptocoins transaction costs

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Crypto market develops, and the number of users working on it is growing every month. Unfortunately, already now many customers face serious difficulties in the transactions of coins. Those who work with bitcoin are particularly unhappy. They are forced to spend not only time for translation, which now can reach about two days, but also pay considerable commissions for the provision of transaction services.

The cost of transactions of coins is calculated individually by each service, and users have to choose cheapest. However, even in this case, customers still have to pay transfer fees. Even in the event of payment of commission fees, users have no confidence that payment will be made on time. Often cases had to wait several weeks after the commission fees were paid in full.

Therefore, special accelerators began to develop. They make it possible to increase the speed of the transfer, although it will have to pay again for this. However, for those who do not like to wait, this is a possible way out of the situation, so as not to wait for transactions days. This is especially important for those users who work with companies and carry out transactions.

Those who do not want to pay any commissions can make transactions for free. However, several conditions must be observed for this. The transfers must have a high priority, it must be more than 0.01 bitcoin or another crypto currency. In addition, the size of the transaction itself should not exceed 1000 bites.

In this case, the user can count on the fact that the service will not take a commission from him. However, he will still have to wait for some time until the transfer is delivered to the addressee. Now programmers are trying to increase the bandwidth and block size of coins. This requires time and money. Therefore, users will still have to pay commissions anyway. If the client does not want to pay commissions or wants it to be very small, then he will have to work with coins that are not included in the leading coin list.

To minimize costs, you can transfer a small amount of coins, but then you will have to be patient, and then perhaps the costs will be minimal. Those users who have large deposits about this need not worry, since they initially pawn such costs in their business plans. All the rest remains either to transfer very small amounts or to look for sites where the commissions are very small, but wait a few days until a payment is made.


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