Post
Topic
Board Trading Discussion
Re: Why do BTC fees vary so much?
by
bL4nkcode
on 20/02/2021, 14:40:13 UTC
If I transfer .002 BTC from Coinbase to Ledger the fee is around $2.20. If I transfer the exact same amount of BTC .002 back to Coinbase from Ledger at the same time the fee is $16.50.... Why are the fees so drastically different? Why is Ledger "charging" so much more... I found the fees similar and high for Trezor wallet too.

Thank you.
That's fees may vary to wallet you're using, esp. for ledger, when you say sending btc from ledger, do you mean using the ledger live app? I don't usually use ledger live but afaik you can choose their dynamic fees which range from 1 sat to higher value and can be manually edited for whatever you want. Same thing if you use your ledger with mycelium and electrum you can adjust your fees depending on your reference.

But to be frank, if you're just basing its fee to USD then you will be always disturbed depending on the current value of btc esp. at this time of writing btc is $57,063 so expect it will be a higher value for the fee as well. Than basing the fee on btc, mbtc or sat which probably just 0.0001 btc or lower.