Post
Topic
Board Speculation
Re: Have the fees gone down?
by
magneto
on 22/02/2018, 23:05:17 UTC
I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

You can pretty much send with something like 20 sats/byte right now and still get confirmations.

The number of unconfirmed transactions have gone down dramatically. This has contributed to the decline in fees as well.

Just not that long ago fees were pretty much around 0.002 BTC per transaction, while now it's less than 0.0001 BTC for my transactions from electrum. Pretty amazing if you think about the volatility that involves, from around more than $40 per transaction to under $1.

Fee history can be viewed here, btw: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html