How To Make Almost Free Bitcoin Transactions
How to reduce bitcoin transaction fees bellow one or two dollars?
Bitcoin transaction fee is the main issue for small transactions because of insufficient scalability due to the limitations of its protocol. The problem became very critical in 2017 when the demand on bitcoin was crazy. There were several options proposed to improve the situation. But the most challenging task was to make the community come to an agreement that didn’t happen. Thus appeared hard fork Bitcoin Cash with larger block size and transaction speed. The second part of community decided to implement Lightning Network. It’s a protocol that operates over bitcoin’s blockchain. It’s aimed at making instant transactions with little or zero fees. Although the work on implementing LN started around a year ago, it’s used, but it’s still in a beta version. The fees dropped in 2018, with the only reason for that fewer people were using bitcoin in comparison with the end of 2017 and the beginning of 2018.
How To Make Almost Free Bitcoin Transactions
Why is the blockchain fee so high?
Blockchain fees depend on several factors including network congestion, transaction confirmation times (affected by liquidity providers), and transaction size (as measured in kilobytes; affected when converting crypto from multiple inputs such as faucet earnings or other micro-transactions).
In other words, you may need to pay higher blockchain fees if:
The blockchain network is busy or loaded at the moment. Usually, the fee increases during sudden blockchain rate fluctuations and major world events.
Your crypto account has a history of microdeposits (like referral bonuses). If your account has large amounts of small deposits, the size of your transaction will be bigger as it will consist of many inputs. The bigger the transaction size, the higher the blockchain fee.
There might be other causes of higher blockchain fees, but here we've listed the most common ones.
Is this possible to send Bitcoin without any fee?
This is not possible to send Bitcoin without any fee but there is a proven way to send Bitcoin/Etherium/other cryptos with minimum fee like within one Dollar or two and even in fractions for lifetime for any small or large amount of transactions from anywhere in this globe. See the image bellow of a Bitcoin transaction. Transaction fee is only $1.09.
How To Make Almost Free Bitcoin Transactions
This process needs only two things. One is to use a famous website and the other is a well known Android or Desktop application. This is the key to do unlimited small or large Bitcoin or Etherium or any supported cryptocurrency transactions globally for life time with a very small transaction fee even in fraction of Dollars. Read more
Thanks for reading the full article about How To Make Almost Free Bitcoin Transactions. Now you have the the key in your hand to solve the most demanding question ever. Hope now you are saving huge money daily by reducing the transaction fees.