Re: question about transaction fees...

I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!

Yes bitcoin fee is too high at the moment because of traffic on blockchain network but I hope it will be resolved soon so don't send your bitcoin unless it is an emergency need for money because you will lose big amount in for of fee.But the problem will be solved soon so the fee will get reduced soon maybe in a week.you can send your transaction with low fee but it may takes some days to get confirmed.

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Why do you believe this issue will be solved within the week?

I think he is speculating that maybe next week, the network is not that decongested as compare to the current situations that we are in. But as per the current mempool count, it's down to 100K unconfirmed transactions. So based on my experienced it will be fairly quick if you will send it today. But I don't know why the fees they are charging are high though. For me a 10% fee is fairly high already. So they should be charging like 20$. I guess they are charging so that your transactions can be pick up in the next 5 blocks or less.

https://blockchain.info/charts/mempool-count