Post
Topic
Board Bitcoin Discussion
Re: The cost of bitcoin transfers
by
aminhadi2020
on 06/04/2022, 09:43:06 UTC
The cost of bitcoin transfers has increased. Do you think this is trivial? Is it worth transferring money with bitcoin? Why transfer money with Bitcoin if the transfer cost is high?
like i have 100$ in one of my old wallet but i cant transfer it because of transfer fee is more than my asset !

The fees are currently not that high: https://mempool.space/

You didn't mention which wallet you're using but assuming it's a non-custodial one and not an exchange, then its likely one of the two:

- Since the fees are based on the transaction size, you probably received too many small payments.
- The wallet you're using is overestimating the fees.
about this:
"Since the fees are based on the transaction size, you probably received too many small payments."
you mean i will pay more fee (when i want to send out from wallet) if i receive 10 transaction (100$ each transaction) and i will pay low fee if i receive one 1000$ at time?