Post
Topic
Board Trading Discussion
Re: fee transfer too high?
by
frowsiter
on 15/12/2017, 16:51:58 UTC

Hi all, i'm new to trading and i made my first wallet of bitcoin in CoinBase...now i would like to buy some altcoin but if i would like to transfer bitcoin to exchange like bittrex or other they ask me an high fee for tranfer like 12$ for transfer 100$ of BTC....is it possible? How can you  make good trading if everytime you have to transfer money from wallet you have to pay so high fee?  I did mistake something? thanks

The fees are naturally very high and there is no use of crying about it. These people will never get it down as long as there is sufficient development over the block chain. Its not the fault of coinbase or any other wallet as whatever is been taken is just network fees from you. In some of the wallet, and mostly the wallet for which we can hold the private keys, we can get the fees cut down to smaller one but that will ultimately get us to slower transaction. This transaction could be as slow as more than 25 blocks and in terms of time it could take a whole day or two to confirm it. So for now we only have option of paying such high fees and we can't do anything about it.