Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin transaction fees fair?
by
rayneh
on 26/11/2017, 22:57:15 UTC
No my friend,
I think bitcoin transaction fees id is not fair currently because of I want to process a transaction worth $100
I need to pay atleast $20 to process the transaction....
Currently it is not Okay...

May be not 20$) I think average BTC transaction fee is about 5-8 $. Of course there a lot of criprocurrencies like DGB with very small transaction fees and it is preferably to use it.
You have to remember the transaction fees of Bitcoin does not calculate through USD.
You are using Bitcoin, therefore, the Bitcoin miners and Bitcoin system use Bitcoin is the unit to calculate transaction fees.
Beside that, transaction fees depends on the total size of your transaction, more inputs and outputs, you need to spend more fees.
Transaction charge of bitcoins is reasonable on the grounds that alternate transections expenses are stopped unjustifiable and are significantly higher than the bitcoins that is the reason the exchange expense of bitcoin is reasonable and no other crypto monetary standards could set reasonable transection expense like bitcoins so try not to be concerned in light of the fact that the bitcoins truly thinks about their users.