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
You did nothing wrong since coinbase do have a default set up on the fees which is incredibly high this is why i dont make any trades or transfers using them since you cant really change up the fees and i cant afford to pay up such big amount.Better to wait than on wasting up money on just on fees. For now i am using electrum which i can set out fees even more lower on most exchanges do suggest.
It would really be more worth of but you would really need to wait up because if you do see the entire network is already congested as of now.
These high rates are often not entirely the fault of the exchanges but rather of the congested network of btc followed by their inflation, but the values presented in the topic are distorted and do not match the truth .. The price lately of btc is in the heights and to maintain a certain speed in the transactions exchanges have chosen to significantly increase this amount that is paid, in addition they still charge an extra fee that would be the gain that the company receives to provide this type of service to the user....