I have just made a withdrawal from Coinbase of 0.00581882 BTC and the 0.00120204 BTC was a transaction fee!?
So, to the end BTC address there was only 0.00461678 BTC!
Why are the transactions fees so big. What is the point here?
So you have paid 20% as transaction fees. We have long diverted from the actual goal of bitcoin for creating a p2p decentralised currency. It is also going through a massive scaling issue which needs to be resolved immediately or bitcoin is going to die a slow and painful death.
The only hope is the lightening network which is currently being tested on testnet. The sooner it is implemented the better for us. Otherwise people who require frequent transactions, will certainly move their money elsewhere to some technically superior currencies.