Post
Topic
Board Bitcoin Discussion
Re: Bitcoin transaction fees lower than alts
by
pawanjain
on 12/05/2021, 16:53:25 UTC
Do people actually know that transaction fees over the Bitcoin network has been cheaper than their favorite alts recently? Okay every Ethereum user is probably aware of this but how about those Doge fanatics? It takes 1-2 Doge to send a transaction which is more or less $0.50 to $1 based on current price. Even the BSC network has been congested lately and standard gas price went up to 9 Gwei from the previous 5 but I read that some people had to add more spending over $1 for their transactions not to be rejected.

Earlier today, I was able to send BTC at 3 sats/vbyte but I know the fee went even lower than that. That's less than $0.50. It's already back up to $4 but my point is that some people are probably still stuck to the notion that BTC transfers are always expensive. They don't realize they are spending more on their altcoins.

You must be damn lucky bro because the day before yesterday I did a $250 transaction with 7 inputs and one output and it costed me $15 in fees.
Although $15 is too much for fees recently the point is that I had to consumed 7 inputs as well.
If it had been one single input I guess I would have paid a lot less on fees too.
I wish bitcoin fees remain this low forever  Grin