Topic: question about transaction fees... - page 4. (Read 527 times)
Yes this is a big problem of bitcoin , not only the prices of the transactions. But also the time it takes for the dev team to come to a agreement on improvements is ridiculously long.
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
It is indeed happening with Bitcoin, Bitcoin has the highest transaction fee right now but it also has the biggest price. The fee changes eventually if you will just wait for sometime and if you are always checking from time to time the change on transaction fee.
This is a real problem, as one of the advantage of bitcoin was exactly the low cost of transactions.
If the issue won't be solved, there is the risk that bitcoin will crash.
If the issue won't be solved, there is the risk that bitcoin will crash.
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
Yes bitcoin fee is too high at the moment because of traffic on blockchain network but I hope it will be resolved soon so don't send your bitcoin unless it is an emergency need for money because you will lose big amount in for of fee.But the problem will be solved soon so the fee will get reduced soon maybe in a week.you can send your transaction with low fee but it may takes some days to get confirmed.
Why do you believe this issue will be solved within the week?
Before sending a transaction, look at the mempool. I find this website very useful:
https://jochen-hoenicke.de/queue/#30d
As you can see, we have a massive peak on December 22. Now it's getting better. $60 is nonsense currently.
I always use the Bitcoin Core automatic fee calculator and it always goes through, but you can use this webpage:
https://bitcoinfees.earn.com/
According to it, the fastest and cheapest transaction fee is currently 690 satoshis/byte, shown in green at the top.
https://jochen-hoenicke.de/queue/#30d
As you can see, we have a massive peak on December 22. Now it's getting better. $60 is nonsense currently.
I always use the Bitcoin Core automatic fee calculator and it always goes through, but you can use this webpage:
https://bitcoinfees.earn.com/
According to it, the fastest and cheapest transaction fee is currently 690 satoshis/byte, shown in green at the top.
Nice resource there! I'll book mark that.
Before sending a transaction, look at the mempool. I find this website very useful:
https://jochen-hoenicke.de/queue/#30d
As you can see, we have a massive peak on December 22. Now it's getting better. $60 is nonsense currently.
I always use the Bitcoin Core automatic fee calculator and it always goes through, but you can use this webpage:
https://bitcoinfees.earn.com/
According to it, the fastest and cheapest transaction fee is currently 690 satoshis/byte, shown in green at the top.
https://jochen-hoenicke.de/queue/#30d
As you can see, we have a massive peak on December 22. Now it's getting better. $60 is nonsense currently.
I always use the Bitcoin Core automatic fee calculator and it always goes through, but you can use this webpage:
https://bitcoinfees.earn.com/
According to it, the fastest and cheapest transaction fee is currently 690 satoshis/byte, shown in green at the top.
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
Yes bitcoin fee is too high at the moment because of traffic on blockchain network but I hope it will be resolved soon so don't send your bitcoin unless it is an emergency need for money because you will lose big amount in for of fee.But the problem will be solved soon so the fee will get reduced soon maybe in a week.you can send your transaction with low fee but it may takes some days to get confirmed.
Why do you believe this issue will be solved within the week?
I think he is speculating that maybe next week, the network is not that decongested as compare to the current situations that we are in. But as per the current mempool count, it's down to 100K unconfirmed transactions. So based on my experienced it will be fairly quick if you will send it today. But I don't know why the fees they are charging are high though. For me a 10% fee is fairly high already. So they should be charging like 20$. I guess they are charging so that your transactions can be pick up in the next 5 blocks or less.
https://blockchain.info/charts/mempool-count
I guess right now bitcoin as a way to move small amounts aren't the best thing. The transaction fees are quite high due to the congestion in the memory pools. This might not be resolved in the near future, but likely another push for a fork will happen due to this. I will hold out right now as the fees will totally be not worth it to move your bitcoins. This is not caused by ANX by the way, it is really because of the current situation of the blockchain.
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
Yes bitcoin fee is too high at the moment because of traffic on blockchain network but I hope it will be resolved soon so don't send your bitcoin unless it is an emergency need for money because you will lose big amount in for of fee.But the problem will be solved soon so the fee will get reduced soon maybe in a week.you can send your transaction with low fee but it may takes some days to get confirmed.
Why do you believe this issue will be solved within the week?
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
Yes bitcoin fee is too high at the moment because of traffic on blockchain network but I hope it will be resolved soon so don't send your bitcoin unless it is an emergency need for money because you will lose big amount in for of fee.But the problem will be solved soon so the fee will get reduced soon maybe in a week.you can send your transaction with low fee but it may takes some days to get confirmed.
Why do you believe this issue will be solved within the week?
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
Yes bitcoin fee is too high at the moment because of traffic on blockchain network but I hope it will be resolved soon so don't send your bitcoin unless it is an emergency need for money because you will lose big amount in for of fee.But the problem will be solved soon so the fee will get reduced soon maybe in a week.you can send your transaction with low fee but it may takes some days to get confirmed.
I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!
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