Bitcoin Transaction Fees
With all of the madness surrounding bitcoin, bitcoin cash, etc, bitcoin transaction fees have been well on the rise.
This image shows the massive rise in transaction fees over the last couple days. Fees were very high around the middle to the end of August and now have spiked to about two times that.
The fee has dropped down a bit over the last few hours but it's still recommended to just use another coin such as ethereum or litecoin for quicker and cheaper transaction times unless you really want to spend $10+ on a slow transaction.
img credz: pixabay.com
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Crypto noob here. What causes an increase in transactions fees for cryptocurrency?
An increase in transaction fees occurs when the network becomes congested with tons of transactions. People then have to pay more to get their transactions put into priority.
Here is how to get around bitcoins huge networking fee!
img credz: pixabay.com
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