Quote from: olushakes on June 08, 2017, 02:03:44 PM

Quote from: FasTroy on June 08, 2017, 01:43:57 PM

Why xapo transaction fees are too high? The current standard fee is around 0.00222938 BTC which it mean 6$. https://in.xapo.com/fees/
I don't know why it's too high like that. because according to https://bitcoinfees.21.co/
We can see: The fastest and cheapest transaction fee is currently 400 satoshis/byte, which it mean 90,400 satoshis.

For me, $6 is not too much to pay for a transaction running into above $500 but definitely not for $20 transaction but the issue I will have is the duration for the transaction to confirm and if that is not happening soonest then the fee is too high which I won't subscribe to and aside that, if the amount is too much, all I need to do is to pay the fee once by moving out all my funds to another friendly wallet that can take care of my needs.

Yes $6 fee is not too much but depends on the amount that will placed on transaction. That is too much if it's around $100 transaction like I did recently. I send around $200 and it cost me around the OP's mentioned fee and that is a standard fee. The high priority fee is around 330,000 satoshis. Compare to other exchanges, the average is around 120,000 satoshis as a standard fee (like Coinbase).

But the good thing here is, I have seen some changes. Last week IIRC, I send from XAPO with a standard fee of 150,000 satoshis as standard fees and still it took 8 hours to confirm. My recent transaction that cost 220,000 satoshis only tooks couple of hours before it was confirmed. To overcome this, I will just do sending when it really needs and at least a high amount to avoid so much fees. I need XAPO service that's why no way I will left this exchange.

Quote from: The Pharmacist on June 08, 2017, 03:48:50 PM

Xapo is a shitty online wallet anyway, so why not switch to a better one? The fee you described is pretty ridiculous, but even mycelium requires that much even for the 'economic' option, which works just fine. This whole argument is why altcoins are starting to look better every day.

It's not about the shitty online wallet but we are talking about the fees. Can you give us some wallet or exchanges with reasonable standard fees that will not take the confirmation time not long? Give us some idea.