What is the recommended way to send bitcoin without high fees?

7 answers

• Dec 17, 2021 · 3 years ago
  One recommended way to send bitcoin without high fees is to use a SegWit-enabled wallet. SegWit, or Segregated Witness, is a protocol upgrade that reduces the size of bitcoin transactions, resulting in lower fees. By using a SegWit wallet, you can take advantage of this technology and save on transaction costs. Many popular wallets, such as Electrum and Ledger, support SegWit. Simply create a SegWit wallet and use it to send your bitcoin transactions.
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• Dec 17, 2021 · 3 years ago
  If you're looking to send bitcoin without high fees, you might consider using a transaction batching service. These services combine multiple bitcoin transactions into a single transaction, reducing the overall fees. By batching your transactions, you can save on fees and optimize your bitcoin transfers. Some popular batching services include BitPay and CoinGate. Just sign up for an account, follow their instructions, and start batching your transactions.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we recommend using the Lightning Network to send bitcoin without high fees. The Lightning Network is a layer 2 scaling solution for bitcoin that enables fast and low-cost transactions. By opening a payment channel on the Lightning Network, you can send and receive bitcoin instantly with minimal fees. To get started, you'll need a Lightning-enabled wallet, such as BlueWallet or Zap. Once you have a Lightning wallet, you can connect to the network and enjoy fast and affordable bitcoin transfers.
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• Dec 17, 2021 · 3 years ago
  Another way to send bitcoin without high fees is to choose the right time to make your transaction. Bitcoin transaction fees can vary depending on network congestion. When the network is less congested, fees tend to be lower. To find the optimal time to send your bitcoin, you can use fee estimation tools like Bitcoinfees or Earn.com. These tools provide real-time fee estimates based on network conditions. By monitoring the fees and choosing a low-traffic period, you can minimize the fees for your bitcoin transactions.
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• Dec 17, 2021 · 3 years ago
  If you want to send bitcoin without high fees, you can also consider using a peer-to-peer exchange. Peer-to-peer exchanges connect buyers and sellers directly, eliminating the need for intermediaries and reducing fees. Platforms like LocalBitcoins and Paxful facilitate peer-to-peer trading and allow you to negotiate fees directly with the counterparty. Just be cautious and choose reputable traders with a good track record to ensure a safe and fair transaction.
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• Dec 17, 2021 · 3 years ago
  To send bitcoin without high fees, you can try using a cryptocurrency debit card. These cards allow you to load bitcoin onto the card and spend it like a regular debit card. Some popular cryptocurrency debit card providers, such as Wirex and BitPay, offer competitive exchange rates and low fees for transactions. By using a cryptocurrency debit card, you can avoid high fees associated with traditional bitcoin transfers and enjoy the convenience of using bitcoin for everyday purchases.
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• Dec 17, 2021 · 3 years ago
  If you're looking to send bitcoin without high fees, you might consider using a decentralized exchange (DEX). DEXs allow you to trade directly with other users on the blockchain, eliminating the need for intermediaries and reducing fees. Platforms like Uniswap and SushiSwap are popular decentralized exchanges that offer low fees and a wide range of trading pairs. Just connect your wallet to the DEX and start trading without worrying about high fees.
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