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Topic: Coinbase BTC withdraw fees decent today! - page 2. (Read 286 times)

legendary
Activity: 1568
Merit: 1031
February 21, 2018, 03:06:59 AM
#4
The tweet says in the next few days so I doubt It's related to SegWit and I'm sure that testing is done somewhere else, and not in the main platform. It's possible that they are rolling the update slowly by starting from the fee estimate algorithm they use because even a week ago, transactions were going through, even with a 1sat/byte (after a few blocks).
member
Activity: 301
Merit: 74
February 21, 2018, 02:38:25 AM
#3
It wasn't sent from a SegWit address.

Even if it was, and also taking into consideration that the mempool is quieter now than a week ago, it wouldn't be enough to explain a drop from 150/byte to 7.5.

If that's the new standard then it's good news, but I'm not convinced yet.
hero member
Activity: 2996
Merit: 600
Eloncoin.org - Mars, here we come!
February 21, 2018, 02:25:55 AM
#2
I don't know what happened but Coinbase's BTC withdraw fees were decent when I checked earlier today. 7-8 sat/byte.
...
Maybe it's related to their SegWit rollout in the following days.
Yes. It's because they upgraded and launch Segwit.
https://www.newsbtc.com/2018/02/20/segwit-both-coinbase-and-bitfinex-exchanges-finally-implement-protocol/
https://twitter.com/coinbase/status/966002538326638592

member
Activity: 301
Merit: 74
February 21, 2018, 01:35:49 AM
#1
I don't know what happened but Coinbase's BTC withdraw fees were decent when I checked earlier today. 7-8 sat/byte. If you need to withdraw, seize the opportunity before it's gone.

The mempool load is quite low now, but it wasn't that bad a week or two ago, and then they charged more like 150 sat/byte.

Maybe it's related to their SegWit rollout in the following days.


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