Quote from: Netnox on June 21, 2017, 06:31:57 AM

$16 as the default transaction fee? Something fishy here. I know that the transaction fee is high nowadays, but I haven't heard anyone paying that much tx fee for a while. $16 is equivalent to BTC0.006, which is many times bigger than the highest transaction fee I have ever paid (BTC0.001).

It's about the number of inputs the transaction has. OP has probably accepted a lot of dust transactions, pushing his transaction fee up. Personally, I've also never had a fee of >$2-3 for transactions to confirm within half an hour. Either that or he is paying excessively high fees by mistake.

Quote from: magneto on June 21, 2017, 06:41:38 AM

Quote from: bitcoinbabu on June 21, 2017, 05:18:24 AM

omg!!

blockchain transaction fees killed my entire 2 days earnings on bitcoin 40$

i never know and wanna try exodus wallet so i transfered frm blockchain to exodus 40$ and they cut 16$ as transaction fees.

HOLY MOM!! Wth is this fees???

anyone experience the same...

Everyone that is using bitcoin rightn ow is experiencing this. If you want to avoid paying hefty fees and you're just wanting to have a good way to send small amounts of bitcoins(under 0.05 BTC) to whoever, wherever, then what i actually suggest you do is deposit your funds to coinbase, and use their offchain transfers.

Onchain transfers are fine if you don't accept loads of dust transactions. I personally wouldn't use any offchain transfers from private companies, because they rely on trust and remove the whole point of using BTC.

OP, you also need to understand that it's nothing to do with what wallet you're using (blockchain.info, exodus, etc). All of them are just suggesting a fee that they believe is right for you, and most wallets will let you change that fee if you want to. The fee is not to the service but to the miners.