Quote from: Pursuer on May 05, 2017, 09:16:49 AM

Quote from: pedrog on May 05, 2017, 08:37:31 AM

http://coincap.io/
Average Fee
$1.61
https://btc.com/stats/unconfirmed-tx
The current best transaction fees 199 Satoshis/byte | 0.00199 BTC/KB
0.00199 = 3.19 USD
https://bitcoinfees.21.co/
Which fee should I use?
The fastest and cheapest transaction fee is currently 200 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 45,200 satoshis (0.75 USD).
Where did you get the "because fees are still $0.4-$0.5"?

the numbers you are quoting are fee per byte not fee.

if you don't do Address reuse and don't receive a lot of dust inputs from things like faucets and microjobs then your wallets stays clean of dust and when you want to spend bitcoin your transaction size will be about 220 byte (give or take). and with a 199 Satoshis/byte fee your total fee would be 43780 satoshi and that is $0.7 with the current $1600 (my calculation was with a lower bitcoin price because I forgot to check the current price of today! and $1600 was reached today)

in any case it is still not $0.85 and not $1 and not $1.61 or $3.19

Yeah, you both have a point, but should be aware everyone makes different types and sizes of txs. Personally, no spend I've ever made has had more than 40 satoshi per byte, but I do recall paying a 100k+ satoshi fee once for an unfortunately bloated tx. Price was just over $1,000 at the time so I paid over a dollar.

That been said, the majority of bitcoin I received especially in 2017 has had a fee well over 120 satoshi per byte with actual fee as high as 2 dollars at today's rates. In fact, if my withdrawals are part of batch txs I've easily seen 4 or 5 dollars fees. One particular site I withdraw a lot from spent over 1 BTC a day in fees alone, performing only batch txs.