I was expecting that since Bitcoin fees aren't expensive anymore, if we look on the mempool you can still use 1 sat/byte, better if you create transaction on weekend. Using mainnet I only paid less than $1, if you use lightning network perhaps you only pay few cents.
Most newbies complaining Bitcoin fee is expensive because they're using centralized exchange.
https://jochen-hoenicke.de/queue/#BTC,all,weight
Topic: Average bitcoin transaction fee lowest since two years - page 2. (Read 197 times)
Depends on how you look at it and what you are using your Bitcoins for. If you are sending a $1 transaction in BTC and you have to pay $1 in fees (that's the average mentioned in the article), that's huge. On the other hand, if you need to pay the same amount in fees for a $1 million in BTC, that's nothing.
Transaction fees have been low for quite some time on the Bitcoin network and that's a good thing. 1 sat/vByte is enough almost all the time. I have often checked mempool stats just to see the current network conditions and I notice only 1-2k unconfirmed transactions. That's nothing, and in theory they could all fit into a single block. In the past, it wasn't unusual to see tens of thousands of unconfirmed transactions waiting to be mined. That's when things get interesting and network fees start to rise because people are fighting for a spot in one of the next few blocks.
Transaction fees have been low for quite some time on the Bitcoin network and that's a good thing. 1 sat/vByte is enough almost all the time. I have often checked mempool stats just to see the current network conditions and I notice only 1-2k unconfirmed transactions. That's nothing, and in theory they could all fit into a single block. In the past, it wasn't unusual to see tens of thousands of unconfirmed transactions waiting to be mined. That's when things get interesting and network fees start to rise because people are fighting for a spot in one of the next few blocks.
The average fee is on April 17 was $1.039
Some people think bitcoin transaction is high, the beginners that have just started to know bitcoin always have this complain which are from people that have wrong info about bitcoin and also because of the exorbitant withdrawal fee from exchanges. I can not remember the last time I make bitcoin transaction that is worth $1 fee, I pay lower.
https://cointelegraph.com/news/bitcoin-average-transaction-fees-lowest-in-two-years-at-1-04
Despite the exchanges and noncustododial wallets that make many input transactions and also consolidate, the average fee is still low.
https://www.blockchain.com/charts/fees-usd-per-transaction
Some people think bitcoin transaction is high, the beginners that have just started to know bitcoin always have this complain which are from people that have wrong info about bitcoin and also because of the exorbitant withdrawal fee from exchanges. I can not remember the last time I make bitcoin transaction that is worth $1 fee, I pay lower.
https://cointelegraph.com/news/bitcoin-average-transaction-fees-lowest-in-two-years-at-1-04
Despite the exchanges and noncustododial wallets that make many input transactions and also consolidate, the average fee is still low.
https://www.blockchain.com/charts/fees-usd-per-transaction
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