Post
Topic
Board Beginners & Help
Re: Bitcoin network fees are not high is you who can't afford it.
by
AakZaki
on 09/12/2023, 18:54:07 UTC
I agree, been in this industry for years now and during this season the network fees get higher and the transaction time takes hrs before it will go to your wallet, I also do experienced receiving my btc before that took me days. But if you will compare the fee when sending money across the globe yes it is cheaper compared to traditional ones, but then not all will accept this kind of method.
the problem of quite expensive network fees and long time estimates means that small traders can only stay on their trading platforms, unable to make withdrawals because of the quite large fees for the Bitcoin network.
But if you don't fully use Bitcoin, the costs of other chain networks are very cheap and can be faster. This depends on whether you want to use the Bitcoin network or not, but for me, I not only use Bitcoin but there are other coins with cheaper networks that I can use.