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?
We have an announcement in Coinbase.com that they are woking on the backlogs. I am sure once the backlogs are cleared, the trasaction fees may get reduced. .0012 is so costly here. Even localbitcoin.com as well, costs .0009 for incoming trasactions. So when you change .005 into your fiats, you would almost loose .0021 btc. Really worried at the cost.