Post
Topic
Board Economics
Re: question about transaction fees...
by
btcmayumana
on 28/12/2017, 02:00:35 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?
Because busy traffic may happen when got holiday or weekend coming. Next week are still new year date, so these could be still many pending transaction. Maybe after 1 month, everything back to normal. On my opinion, i think this conditions happen by some development of fork bitcoinplatinum and superbitcoin in last few week ago which many people using the transfer with small fees, they hopes can includes in Block 498888 for SBTC.