Post
Topic
Board Economics
Re: question about transaction fees...
by
BartS
on 27/12/2017, 23:58:54 UTC
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.

Why do you believe this issue will be solved within the week?
The issue with the fees is not going to be solved in a week in fact all the drama with the forks in this year was about how to solve the problem of the huge fees, however, the problem of the fees is made even worse because someone is spamming the network for a lot of time we have believed the miners are behind this in order to get more money from the fees and that is why the devs created and offchain solution.