Hi guys,
I've recently started using Electrum and the fees seem crazy high. Heres the break down:
Send 0.00579666 BTC (£25.17)
Mining Fee: 0.0009334 BTC (£4.05)
Additional Fees: 0.002 BTC (£8.68)
Thats like half my bitcoin just to send it?
I thought the whole idea behind bitcoin was that it was cheap and quick to send currency? Super confused! I understand the additional fees are 2FA, but £8.68 and £4.05 for mining? So for me to send £25.17 its going to cost me the best part of half my bitcoin?
Whats going on here?
Thanks for any response!
Perhaps the price increase is influenced by the increasing number of miners who start to exchange various types of coins on the market simultaneously with the manager is also able to change the value of the transaction in accordance with the many requests.