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05-14-2020, 06:18 PM | #1 |
Confirmed User
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Join Date: Feb 2019
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Is this a normal bitcoin fee?
Hey guys,
I'm using blockchain.com wallet, and noticed when sending this was my fee: Amount: $3.99 0.00041018 BTC Fee: $2.65 0.00027225 BTC The fee is $2.65 to send $4 worth of bitcoin. Is blockchain robbing me or is this the going rate for smaller bitcoin transactions? I would use coinbase but they banned my account without explanation, and it was a legitimate account with my ID verified etc. Any recommendations for good wallets? |
05-14-2020, 06:37 PM | #2 |
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Join Date: May 2011
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No those are not normal fees but third parties can charge as they please. Coinbase has much lower fees on transactions, but the best way to go is a hardware wallet like Trezor or Ledger. Your transaction fees will be more like 0.00000010 BTC (10 SAT) and the transactions are pretty much instant as no third party needs to approve or profit from it. Check these links:
https://www.trezor.io https://www.ledger.com (50% sale at the moment) No affiliate links needed. |
05-14-2020, 06:50 PM | #3 |
Too lazy to set a custom title
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Its anarcho-capitalism, aint it ...
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05-14-2020, 10:13 PM | #4 | |
So Fucking Banned
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Posts: 25,198
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Quote:
I just tested out an exchange, realized i didnt like it, and withdraw at 0.0005 fee off the bat Using trezor right this moment you have choice between 1 sat/B ($0.02) - 136 sat/B ($5), depending on how fast you need. Even electrum (Free wallet) you can choose your fee That said, Bitcoin fees are a bit higher right now (chart about BTC fees or for a visual) |
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05-15-2020, 09:18 AM | #5 | |
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Quote:
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Mechanical Bunny Media Mechbunny Tube Script | Mechbunny Webcam Aggregator Script | Custom Web Development |
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05-15-2020, 10:51 AM | #6 |
Let's Make Money
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Fees from 3rd parties are ridiculously high
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05-18-2020, 03:23 PM | #7 | |
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Quote:
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Skype: George MH - [email protected] New on Traffdaq: DATING niche is on, start trading
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