Post
Topic
Board Bitcoin Discussion
Re: The reason why bitcoin transaction price was so high
by
whirlcoin
on 12/01/2018, 03:36:52 UTC
The cost of bitcoin payments is skyrocketing because the network is totally overloaded

source:http://www.businessinsider.com/bitcoin-payment-mining-fees-hit-new-high-2017-12

In the link above there were some reasons why most bitcoin transaction fee was getting higher and higher and higher

How to lessen your headache because of transact fee:
(this is only the best thing I know feel free to suggest)

Use other crypto so called altcoins instead of just using one crypto that is bitcoin you can try to use ETH,XRP or LTC
because as of today the users of this crypto are not the same as BTC.

PS: if you have any suggestion to avoid or lessen high btc transact fee in your transaction  please just comment it down
that would be a great help to everyone thanks
more power


As you said the transaction fee is heavy due to more load in the blockchain network but it is just a temporary problem and it can be resolved once the lightning network was implemented but I am not sure how long it will take to implement.
You can use segwit suppoted wallet to reduce the fee a little bit and yiur transaction will be faster in the segwit address when compared to normal address.