I understand what everyone is saying here, but when I look at the transaction on the block chain, how come there are so many transactions at once but the fee shown paid is less than 2 times what I paid for one transaction?
These transactions do not get confirmed as fast as the transactions that you send from coinbase if they were indeed 2x less the fees paid. Coinbase uses whatever fee feed they use that is suitable for the current time. And you cannot change that.
The transactions that you've seen are probably going to be stuck pending for hours or sometimes even days, as a matter of fact.
It is not coinbase issue but due to a lot of pending transactions in bitcoin network, you need to pay a high fee to get transaction confirmation. So most of the exchanges and wallets are charging these high fees and not sure where it will going to end.
If smaller amount then you need to use other altcoins for urgent needs.
Is there another way to get it out of there? I am not paying .25% of my money to them when I do not care how long it takes to get where I want it to go.If smaller amount then you need to use other altcoins for urgent needs.
I don't use coinbase account but using XAPO account. In XAPO they allow sending another XAPO account without any fee. If that works same in coinbase then you can request any other member on this forum can help you on this matter with smaller fee amount.
Good luck to you...
That was what i've suggested as well. If he really wants to avoid this fee then go ahead and send the bitcoins to another coinbase user, that way he can avoid it completely. However, it is definitely not guaranteed that someone would be interested in receiving funds into their coinbase account.
