Post
Topic
Board Economics
Re: question about transaction fees...
by
Tavarez
on 19/01/2018, 17:15:26 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 transaction fees are enormous and real achilles heel of bitcoin in recent months. Best advice is to wait (if it is not urgent to make transaction) or just wait for weekend days when network is not so much jammed. (maybe the cost will decrease).