Why does my transaction cost so much, I thought Bitcoin was supposed to be cheap?
Why does my transaction cost so much, I thought Bitcoin was supposed to be cheap?
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Transaction fees have spiked on the Bitcoin Core (BTC) blockchain mainly due to a limit on transaction space.
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This has created what is called a fee market, which has primarily been a premature artificially induced price increase on transaction fees due to the limited amount of block space available (supply vs. demand).
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Because of the high demand but limited network space, bitcoin transaction fees are really high.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
It depends on your exchange site or broker. Some brokers charge really high transaction fees. That is why you should also be careful in choosing one.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I think it still has a more reasonable transaction cost compared with other financial institutions that need a third party in order to complete a single transaction.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.