Post
Topic
Board Economics
Re: question about transaction fees...
by
harizen
on 28/12/2017, 18:56:55 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!

$60 is too much even with bitcoin congested network. I think you need to understand ANX fees. Try to read their terms about fees. It should be in the FAQ I guess.

The highest fees I encountered nowadays is around $40 at the current bitcoin price rate. Our local exchanger charges BTC0.002 to BTC0.003 as high priority. Do you see how much in bitcoin value are they charging you? Since you posted this thread on Dec. 27, the price rate that day is playing around $15,800 to $16,400 so maybe that's the reason why there's a bit of increase on USD value of their fees but still no changed in terms of bitcoin value.