Post
Topic
Board Bitcoin Discussion
Re: Transaction price Bitcoin
by
blckhawk
on 20/01/2021, 13:03:43 UTC
Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!
Well, that's great. But perhaps you are using a wallet and exchange that uses a lightning network that is why it has got low transactional fees yet even transfer faster. You should take this opportunity to process your transaction that could save you a lot of fees. Fees were not that high honestly, it might increase due to heavy traffics on transactions for a while but sooner or later this will go back at a cheap price again. Lightning networks are more likely the solutions for high fees and low speed that is why it is recommended to use when there's heavy traffic on the network.