TłumaczHey, I have a question about the transaction fee. Namely, I transferred the btc purchased on the Binance to my private Ledger Nano S several times this year. However, I was amazed by quite high transaction fees. I read the chart of fee changes during the year but still my fees seem to be too high. I'll add that both btc addresses are segwit, so from what I read, more economical.
January 2020 :
BLOCK TIMESTAMP 2020-01-04 14:58:24 GMT +1
TRANSACTION FEES 0.001197 BTC (100.0 sat/vB) 9 $
April 2020:
BLOCK TIMESTAMP 2020-04-14 20:45:36 GMT +2
TRANSACTION FEES 0.003139 BTC (100.1 sat/vB) 25 $
May 2020:
BLOCK TIMESTAMP 2020-05-24 12:45:12 GMT +2
TRANSACTION FEES 0.00336876 BTC (190.8 sat/vB) 34 $
June 2020:
BLOCK TIMESTAMP 2020-06-28 20:42:22 GMT +2
TRANSACTION FEES 0.002257 BTC (100.1 sat/vB) 22 $
Could somebody tell me why such big differences (the transfer amounts do not differ so much) and have they completely normal values?
leomessi
23.11.2020 18:51
Edited
0
ReplyToo high transaction fees - where is problem?
leomessi
23.11.2020 18:51
Edited
The fee results from the given traffic in the network. If you want to have a transaction as soon as possible, you will pay more, the bigger the network traffic is (there are too many transactions to handle, so you have to pay more).
Note that you have been charged three times 100sat/B and a second time as much. If these are transactions coming out of BitBay, they charge a lump sum - as you can see above. The exchanges usually take 0.0005 BTC or 0.001 BTC from the payout and release transactions for 100sat/b or more. In general, the exchanges give quite high fees for the transfer to pass quickly, but they charge a lump sum from the client.
Transactions are at significant intervals, so the BTC price was also different. Therefore, the fee in USD is different.
To sum up: this is basically the norm
0
ReplyAdd comment to answer
The fee results from the given traffic in the network. If you want to have a transaction as soon as possible, you will pay more, the bigger the network traffic is (there are too many transactions to handle, so you have to pay more).
Note that you have been charged three times 100sat/B and a second time as much. If these are transactions coming out of BitBay, they charge a lump sum - as you can see above. The exchanges usually take 0.0005 BTC or 0.001 BTC from the payout and release transactions for 100sat/b or more. In general, the exchanges give quite high fees for the transfer to pass quickly, but they charge a lump sum from the client.
Transactions are at significant intervals, so the BTC price was also different. Therefore, the fee in USD is different.
To sum up: this is basically the norm
Karol Kiełtyka
17.11.2020 08:12
JacekSalach
17.11.2020 11:34