How large a bitcoin network transaction fee are you willing to pay?

I only make one large deposit or payout a month so i'd be happy to pay a couple of dollars per transaction to completely circumvent the U.S. banking system. It's still cheap compared to the 5% per deposit I was paying when I used a credit or debit card.

 

I'd have no problem paying a couple of dollars per transaction and probably a lot more of I'm being honest to fund my betting accounts. Obviously I wouldn't be willing to pay those fees if I'm using bitcoin to buy a latte or book a hotel room.

 

Right now I pay about 20 cent per deposit, regardless of how large it is. Before I discovered bitcoin I was paying between 5% and 7% of the total amount every time I deposited at a bookie. Over the past 10 years I reckon I've paid over a thousand dollars in credit card charges so bitcoin fees are pretty minuscule in comparison.

 

Providing sportsbooks and poker rooms process payouts and deposits for free, I would still use bitcoin even if the fee was $3 or $4 dollars to use the network.

 

I'd have no problem paying 5 bucks for instant and anonymous transactions. Right now I'm paying about 25 cent which is heavenly.

 

In a couple of years transactions on bitcoin blockchain will probably cost over $20 since it will just be the settlement layer for the Lightening Network. Since you will do most of your transactions for free on the Lightening Network, the occasional large settlement payment to the base protocol will not be a big problem.

 

Last week I paid $3 to transfer a couple of hundred. While still cheap it has gone up by about 300% in the last year in my estimation.

 

It now costs 56 cent to get into the second block. I wonder will this just once the NFL season starts next month. It's probably a good idea to deposit into your betting account now to avoid delays.

 

does anyone know why coinbase, blockchain and bitpay haven't added support for cheaper segwit transactions yet? weren't they the ones trying to fork the network a few months ago because they said the transaction costs were too high?

 

i don't foresee transactions every getting too high again because the lightning network will act as a pressure valve. people will continue to make on-chain transactions but when the blocks get congested and prices rise, more and more people will start switching to lightning network wallets for faster and cheaper transactions.

 

A bitcoin whale moved quarter of a billion dollars yesterday for just $3.80. There is no need to over pay.