Post
Topic
Board Bitcoin Discussion
What are transaction costs like these days?
by
BanditCharlie
on 10/09/2018, 03:23:31 UTC
I purchased $1000 worth of BTC in November last year on Localbitcoins and I decided to leave the btc in my account on the exchange. I know this is extremely ill advised but I decided at the time that since transaction costs were so high and it's such a small amount of btc that transferring it out to a personal wallet and then back to the exchange when it was time to sell would eat up too much of the gains (losses).

Anyway, I believe transaction costs are lower these days if I'm not mistaken, I have an electrum wallet set up, how much would i expect to pay these days to transfer 0.064 btc from the exchange to my own wallet for safekeeping? Am I correct in thinking that costs have gone down? Is it worth transferring? Cheers in advance.