Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Transactions Fee Are More Expensive Than Ever
by
mezzaluna
on 23/04/2021, 05:43:38 UTC
Beforehand, the absolute advantage of Bitcoin was convenient transfer money with cheap fees, but now if you transfer a small number of bitcoins, fees are a real problem. I also own a few cryptocurrencies in my SnapBots wallet. Bitcoin has become increasingly difficult to become a popular exchange currency but still an extraordinary reserve asset!

https://www.coindesk.com/bitcoin-transaction-fees-more-expensive-than-ever

One reason that I have saw recently was because of the blocks that was being hashed. Bitcoin is one of the oldest Cryptocurrency and mining now is harder than before. This transactions are also because of the fact that Bitcoin's value is so high that the transaction fee for moving it or transferring it into another wallet is relatively high. The fees are also high when you are trying to cash out your Cryptocurrencies into your own local currency since this local wallets believe that people owning Cryptocurrencies deserve to have taxes.