Post
Topic
Board Bitcoin Discussion
Re: 17$ for a transaction fee?!!
by
GreenBits
on 15/11/2017, 06:13:51 UTC
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 was kinda on you. first, most wallets let you control fees; if you cant get a new wallet. secondly, this is the current state of the network. dont know if you are aware of the backlog of unconfirmed transactions (not sure if this is resolved yet, havent checked) but people are raising the average bid in a quest to get a faster confirm. problem is, you could pay 100 dollars worth of fee its not the fact that the fees are high, the slowness is coming from the fact that it is taking a really long time to make blocks at the moment (bch bullshittery).