Post
Topic
Board Bitcoin Discussion
Re: Should we use Bitcoin for regular transaction now?
by
Sithara007
on 25/04/2021, 04:11:06 UTC
Should we use Bitcoin for regular transaction now? While mempool is overloaded
So average transaction fee right now is about 16 bucks. Is it to much?

Low priority transactions with fee of around 25 Sat/Byte got confirmed during last hour. So the median fee for low priority transactions stand at around $2 right now. So in case you can wait for 1-2 hours to get your confirmation, you can input a fee of 20-30 Sat/Byte. The Mempool size is still a concern for me. It is still above 200 MB, which is almost 3 times higher than the average size. It will take a few days, or even weeks to clear the backlog.