Post
Topic
Board Bitcoin Discussion
Re: Excessive Bitcoin fees
by
moonie
on 04/03/2024, 16:40:50 UTC
Hello all,

Thank you for your thoughtful feedback and insights

Exciting times as we approach ATHs. However, I notice that fees always go up a lot when the price is more volatile. Naturally, people are more inclined to keep their coins on exchanges during these periods, which is obviously not a good thing.

The most recent block averaged 60sat/vB, equating to roughly $5.50 for a single input/output transaction. If were to DCA into self-custody at $100 intervals, they're paying (at least) 5.5% to transaction fees atm.