Ethereum: How old should be my bitcoins to send them again without transaction fee?
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I cannot provide financial advice. However, here is an article that can be useful.
The age at which you can send bitcoins again without a transaction rate depends on several factors, including the current rates and the number of transactions you made in the past. Here is what I found out:
Ethereum gas rates
: Ethereum gas rates are currently relatively low, especially for simple transactions such as sending bitcoins. However, as its transactions increases, the same is true of gas rates. This means that if you are sending a large number of transactions, the cost of gas will increase rapidly.
Bitcoin network transaction rates : The current rate structure in the Bitcoin network is as follows: 0.0005 BTC per transaction (Min. 1 Satoshi). However, this rate may increase, depending on the complexity of the transaction and the congestion of the network.
To give you a better idea, here are some estimated costs to send bitcoins at Ethereum:
- Small transactions (for example, purchase or sale of bitcoins): 0.0002-0.0005 BTC per transaction
- Average transactions (for example, sending bitcoins to a merchant site): 0.001-0.003 BTC per transaction
- Great transactions (I frequent use of the same few bitcoins for everything): 1-3 BTC per transaction
When can you send bitcoins without fees? : Based on these estimates, here are some approximate guidelines:
- If you are sending small transactions (<10 transactions/month), it is probably viable to avoid rates.
- If you are sending average transactions (10-100 transactions/month), you can start increasing rates, making it less economical to continue.
- If you are sending major transactions (> 100 transactions/month), the costs will be very high and it is unlikely to continue to continue.
Recommendation : Consider the following:
- Use a bitcoin wallet with built-in rate estimation tools
: Some wallets, such as Electrum or Myetherwallet, offer rate estimation tools that can help you plan your transactions.
- Keep the volume of transactions low : As mentioned earlier, reducing your transactions will reduce your rates and make it more viable to avoid them.
- Use alternative payment methods : If possible, consider using alternative payment methods such as credit cards or other lower rate cryptocurrencies.
- Consider the update to a new wallet or platform : Some wallets or platforms offer transactions without fees to certain users; Therefore, the exploitation of these options may be worth investigating.
Remember that this is just an estimate and does not take into account several factors that can affect your transaction costs such as network congestion, gas price fluctuations or complex transaction types. I recommend researching specific rates for the services you plan to use and adjust your agreement.