Hi,
this morning i was surprised to see that to transfer 1.4btc from my ledger nano to kraken the cost of the transaction fees was 17$??
Anyones have some reasons why it costs do expensive?
Thanks
This may be because the fee of miners is basically calculated based on the amount of transaction data. Many inputs in transact cause the transaction size to be very large, so it will cost more. A lot of feedback here means that bitcoin in the wallet address is the accumulation of many previous transactions, now, the more the number of these transaction entries, the higher the cost. For a size above 1BTC it is not a high cost. I myself have sent 1.2BTC and got fee $40