Post
Topic
Board Bitcoin Discussion
Re: $0.85 transaction fee is absolutely ridiculous!
by
KeyGenKing
on 14/05/2017, 16:24:53 UTC
You are wrong because fees are still $0.4-$0.5

and if you ended up paying anything more than that, it means your transaction had a lot of outputs to spend and that is what caused your transaction size to grow 2 or 3 times in size compared to a normal 220 byte transaction and you as a result ended up paying 2 or 3 times more fee than normal fee.

I am not saying fees have not gone up. I am more pissed off about higher fees as the next guy but it is not $1.

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"?

I got a transaction fee of $3.26 a few days ago. But it has a lot of outputs.
I want to send $7.56 in bitcoin but with this fee i don't send bitcoin.