Post
Topic
Board Trading Discussion
Re: Why do BTC fees vary so much?
by
JeromeTash
on 20/02/2021, 17:13:29 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.
It's because the Bitcoin Network fees are actually high right now. For a high priority transaction, the recommended fee rate is at least 113 sats/vbyte.
If you use this tool, you will notice that the $16.50 is within range

In fact, I think either coinbase did you a favor by partially paying your transaction fees (they have been doing it in the past) or you were going to send out a low priority transaction with low fee rate which would take ages to get confirmed