Post
Topic
Board Bitcoin Discussion
Re: Very high fees - bitcoin fails
by
Ultegra134
on 27/02/2021, 11:50:24 UTC
After over 10 years of BTC, developers did not manage to make BTC scale.
Wtf is up with current high fees?
This sucks. Good bye.
What's the matter with you?
Bitcoin transaction fees are still lesser than Ethereum. Transaction fee is paid in Satoshi, you still can transfer Bitcoin by paying 12sat/byte, the time taken will be 3 hours. Do not look into the USD value, check the amount of Satoshi you are paying.
I agree, it's the value that has skyrocketed, thus the transaction fee in dollars has also risen to a significant point. I understand OP's frustration though, I was also annoyed when I moved some funds from my wallet to an exchange, the fee in dollars was approximately $15 for a $300 transaction. It might not seem much in Bitcoin, but it does when we're dealing with USD.