Quote from: Re3urst on December 27, 2017, 03:42:15 AM

Quote from: erickkyut on December 27, 2017, 03:31:48 AM

I think Bitcoin transaction fees now are cheaper in bank transaction fees if you will send a huge amount but if it just a small amount, it will cost you high and sometimes, the transaction fees are much higher than the amount you are going to send. Lol. It is one of the major problems of Bitcoin nowadays. It cannot be solve anymore but I think some forked coins will.

That is not correct.

I have wired $50,000 - $200,000 many times. $20 for a domestic wire. $30 for an international wire.

Can Bitcoin beat those fees? I don't think so.

Not right now it couldn't. The network is terribly congested. It should be able to at normal capacity though. I used to send my transactions at 5-11 sats per byte without any problems.

Things seem to be starting to settle down though, with the backlog slowly decreasing and Bitcoin's price rebounding. I'll save my transactions for then.