Thanks for the info, I had never heard of Mempool until the previous post but have now seen it mentioned many times in videos as Bitcoin network fees have skyrocketed!
I definitely pre-empted something asking if it would be cheaper to send funds back to exchange than it is to withdraw them
I STILL haven't moved my Bitcoin off exchange, was hoping to for the price to drop ($25k ish) so I could buy more and move it all together so the fee wouldn't burn as large a %
That's if I can afford to move it back in a bull run with ordinals clogging up the network
The skyrocketing Bitcoin transaction fees have definitely affected most of us who use the network. I used to make so a good number of transactions involving micro amounts but can't do it anymore since it does not seem sustainable.I definitely pre-empted something asking if it would be cheaper to send funds back to exchange than it is to withdraw them
I STILL haven't moved my Bitcoin off exchange, was hoping to for the price to drop ($25k ish) so I could buy more and move it all together so the fee wouldn't burn as large a %
That's if I can afford to move it back in a bull run with ordinals clogging up the network
All I can now do is wait and see if the fee rates can normalize after some time. The advantage I have is that most of my Bitcoins are in my noncustodial wallets and just a little in an exchange for day trading.