What is the cost in BTC or XCP to send a token?

General Counterparty
1

What is the cost in BTC or XCP to send a token?

I have heard it’s a bit high. Is there any way to lower it?

2

If there was a way to lower it it wouldn’t be as high (since Counterparty Project doesn’t make any money from these fees).


Read the FAQs
http://support.counterparty.io/solution/articles/5000017412-how-much-xcp-and-btc-does-it-cost-to-send-a-counterparty-user-token-between-two-addresses-
3

Same as other Bitcoin transactions… But you can have off-chain transactions that are entirely free, using trusted centralized nodes.

4

Deliciousowl, that sounds interesting. Could you tell me more?

Something, Hmm… It is actually possible to make a Bitcoin transaction entirely without fees though, isn’t it? Maybe it’s the dust prevention measures that makes it impossible to do this using the CP platform.

5

The dust is miniscule and can be redeemed.
http://redeem.bitwatch.co/

I’m sure if you transfer a large enough amount of BTC, you don’t need a transaction fee. Like the SR auction by the U.S govt for example. But It’s always good to pay fees… Especially if you’re storing data. Counterparty shouldn’t be a ‘free ride’, because that just attracts criticism and is a disincentive for miners.

6

deliciousowl,

I am interested in what you said about off-chain transactions. How would I go about to send say 100 transactions to the same number of recipients that have agreed to receive a token without having to pay 100 x the transaction fee?