Topic: Bitcoin Transaction Fee is Expensive !!! - page 3. (Read 3046 times)
When the price of BTC is this high, the transaction fees on small amounts are prohibitively expensive. For sending smaller amounts you'd be better off using a different cryptocurrency. BTC will still be much cheaper than banks, wires, or anything else when sending large amounts.
I just checked and found out that transferring bitcoin is bloody expensive ! For reference, am just quoting the details of my first transaction which I did just to check how everything goes...
Bought from localbitcoins: 5USD - 0.00108668 BTC
Transferred to bittrex exhcange: 0.00084133 3.86 usd
Transaction fee: 0.00024535 which is approx 1.13 usd
22% transaction cost!
this is bloody expensive, I thought this crypto thing is supposed to reduce the transaction cost but they seem more expensive then the banks imho.
I just checked and found out that transferring bitcoin is bloody expensive ! For reference, am just quoting the details of my first transaction which I did just to check how everything goes...
Bought from localbitcoins: 5USD - 0.00108668 BTC
Transferred to bittrex exhcange: 0.00084133 3.86 usd
Transaction fee: 0.00024535 which is approx 1.13 usd
22% transaction cost!
this is bloody expensive, I thought this crypto thing is supposed to reduce the transaction cost but they seem more expensive then the banks imho.
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