The Answer To “Why Are The Fees So High” Is Somewhat Technical And Requires Some Understanding About How The Bitcoin Network Works.
$400 transaction fees for a $80 swap? This is worse than currency exchange grifters. In some countries, however, these fees can be a lot.
Sadly, There’s Nothing You Can Do Besides Hold And Send It When Fees Dip.
Average transaction fee, usd | 0.004 eth ($10.49) number of transactions in blockchain per day average block size number of unique (from) addresses per day average mining difficulty per day average hashrate (hash/s) per day average price, per day, usd mining profitability sent coins in usd per day average transaction fee, usd median transaction. I know it's most likely due to the high network usage right now, but damn. I'm right this network is polygone for sure make your coins vanish.
Well, Not So Bad But It Is Higher Compared To The Norm.
Nobody on the internet has fees that high right now. I want to convert $110 worth of usdcoin to ethereum or shiba inu, network fee is almost $1,000 worth of ether on coinbase wallet. Eventually, congestion will decrease and so will the cost of moving your money.
Updated March 01, 2022 09:52.
I am.0013 btc short for making a purchase at newegg. Lately, the bitcoin blockchain has gotten so congested that on the 18th op april over 136k transactions were waiting for confirmation. These fees do not go to coinbase.
The Ethereum Network Requires Gas To Execute Transactions.
This article discusses everything you need to know about cryptocurrency network fees and ways to lower gas fees. On both occasions, i used myetherwallet to do. But, to transfer $10, it'll cost $12 in network fees.