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05-14-2020, 06:18 PM
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#1 |
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Confirmed User
Industry Role:
Join Date: Feb 2019
Posts: 248
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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? |
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05-14-2020, 06:37 PM
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#2 |
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Confirmed User
Industry Role:
Join Date: May 2011
Posts: 418
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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. |
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05-14-2020, 06:50 PM
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#3 |
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Too lazy to set a custom title
Industry Role:
Join Date: Dec 2004
Location: Happy in the dark.
Posts: 91,440
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Its anarcho-capitalism, aint it ...
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Get Your Free Backlinks Today 149 URLs to pick from - Go To The Thread here! Join the SWAG Affiliate Asian Live Cam Program Non-Saturated Models and Exclusive Content. |
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05-14-2020, 10:13 PM
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#4 | |
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jscizzle
Industry Role:
Join Date: Feb 2001
Location: Taipei
Posts: 23,086
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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)
__________________
“If you think tough men are dangerous, wait until you see what weak men are capable of.”  —Jordan B. Peterson Listen to Pomp tell why is Bitcoin important
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05-15-2020, 09:18 AM
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#5 | |
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Confirmed User
Industry Role:
Join Date: Aug 2006
Location: Poland
Posts: 9,166
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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
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#6 |
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Let's Make Money
Industry Role:
Join Date: Dec 2008
Posts: 8,784
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Fees from 3rd parties are ridiculously high
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05-18-2020, 03:23 PM
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#7 | |
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Confirmed User
Industry Role:
Join Date: Dec 2019
Posts: 599
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Quote:
__________________
 Skype: George MH - [email protected]  New on Traffdaq: DATING niche is on, start trading |
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