Hi, so I have an account on coinbase as well as an exodus wallet. So I know the basics about how bitcoin works and how to buy and store it.
However, I notice that if I try to send bitcoin from my exodus wallet to a bitcoin address that it shows a fee I do not think is reasonable at all.
I'm only interested in small purchases or making small donations to some people I follow just for fun but small purchases seem to have the highest fees. it won't even allow me to send like 2 dollars at all, and if I wanted to send $5, the fee it showed was like over 8 dollars.
Over eight dollars in fees to send five dollars? Does this sound right?
Is this a problem just with exodus or are other services or methods more reasonable? I had already paid a fee that I didn't think was too bad to send some bitcoin from coinbase to exodus which I don't remember being too bad.
I could understand like a 1-3% fee as you see with credit cards but when the fee is like 160%