LOONG TIME, NO SEE! - page 3. | Bitcointalksearch.org

rodskee

full member

Activity: 2520

Merit: 204

Quote from: omegaflare on April 17, 2021, 08:24:16 PM

I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.

WTH is going on? Greed?

You looks like one of the early adopter so why not Buy when the price is about a PEnny ? can't you see how much the value of Bitcoin now so why need to question about the fee?

Valuing 60,000$ and you as amazed about the High fee? lol expect that will increase when the price is already High up to the Moon now.
Best to Use altcoins instead of Bitcoin so you won't feel that Highest fee recorded.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: omegaflare on April 17, 2021, 08:24:16 PM

I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.

Order, did you mean your order is to buy one product with bitcoin? And you will be charged with transaction fees in your total payment for that order?

If you meant so, it is acceptable as the bitcoin network has many waiting transactions and fee is very high. You have to pay more than 130 sat/vbyte if you want your transaction gets its 1st confirmation around 1 or 2 blocks. See the fee in mempool.space

I don't think you meant trading orders on exchanges. With that order type, buy or sell, you will only be charged taker or maker fee. This fee is not affected by the bitcoin network

Kocret02

sr. member

Activity: 1176

Merit: 250

Buzz App - Spin wheel, farm rewards

Almost any increase in bitcoin causes all cryptocurrency fees to increase significantly, so it is normal for fees to increase. the only way to go down is that the price of coins goes down, because a decrease in price affects the fee

pooya87

legendary

Activity: 3472

Merit: 10611

First of all the fee that exchanges charge when you buy bitcoin from them and when you withdraw it is not "bitcoin fee" it is actually "exchange fee" and it is always higher than the actual network fees.

Secondly $27 fee at $60k price is 0.00045000BTC which is $1.8 at $4k which is the price last time you posted in bitcointalk. This is exactly why you should never look at what you transact in terms of USD because you aren't transferring USD you are transferring bitcoin.
Besides, last time you were here the fees were so much higher than today's since there was a massive spam attack going on (in terms of satoshi per byte)! But obviously not in terms of USD since price was so much lower.

So in comparison you are paying less fee today and your confusion about fees is confusing. Wink

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

It must really be a long time that you have made a transaction using your coins. You'd be surprised also for the fee in making transactions in ETH is close to $27.00!!!!! Welcome to 2021, you will get used to it though or maybe this could be the reason why they are shifting to doge. You should update yourself and see how DOGE is.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Moon happened. Let's not forget that fees are priced in sats. Not sure when you last transacted using bitcoin, but since fees are priced in sats, if bitcoin 10x's in price, then the fees 10x's in USD terms as well.

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

That's normal due the current value of bitcoin unlike on few months/weeks/days but if you will observe it still the same numbers on btc denom yet high in numbers when you use fiat based.

About the confirmation, coz there is 160k pending tx as of writing (check https://blockchair.com/), si its pretty normal, but if you have higher fee then its okay to assume that it will be confirmed in just minutes

omegaflare

sr. member

Activity: 331

Merit: 250

I was ordering BTC and I was astonished to see how fucking high tx fee is: $27.00!!!!!! I was like, did something happened? I remember it used to be like a penny. I see the minimum fee is like $7.00 knowing fully well that it will take forever to get it confirmed. So.. I shit $18 in tx fee and it took like fucking 6 hours.

WTH is going on? Greed?

Topic: LOONG TIME, NO SEE! - page 3. (Read 317 times)