yeah i'm also facing same problem. $1 sending fees $2.5+...Is it a joke?
Usually, that won't happen, unless you somehow screw up the tx.
you are correct though, fees have indeed increased over the past weeks due to the price rise and the large number of people who are both selling and buying bitcoin.
Thought the same thing. The increase in Bitcoin price has lately increase tx activity. Pretty sure it's just trader doing their trading, or noobs wanting to join the ride of the recent bull run.
I am not saying that at current levels this fee is unaffordable. But what if there is another 10x increase in the transaction fee? Are you willing to pay 2,000 Sat/byte for instant confirmations?
If it were me, I'd rather use LN (assuming I never send a huge amount of Bitcoin per TX).