Bitcoin Forum

Economy => Exchanges => Topic started by: Coolserver.host on November 10, 2018, 11:23:54 AM



Title: Binance and BTC tx fees
Post by: Coolserver.host on November 10, 2018, 11:23:54 AM
They keep screwing it up...

Again tx fee is way to low and i have to wait for hours or sometimes even a full day to get 1 confirmation on Binance withdrawals... Getting sick and tired of this to be honest.

Can we get Binance's attention on this?


Title: Re: Binance and BTC tx fees
Post by: TryNinja on November 10, 2018, 12:29:44 PM
There is not much they can do when the mempool just gets filled up with tons of transactions with a fee higher than yours.

The transaction was probably sent right before the peak shown here:
https://talkimg.com/images/2023/05/14/blob94373ed14c979117.png


Title: Re: Binance and BTC tx fees
Post by: BitHodler on November 10, 2018, 01:19:49 PM
They keep screwing it up...

Again tx fee is way to low and i have to wait for hours or sometimes even a full day to get 1 confirmation on Binance withdrawals... Getting sick and tired of this to be honest.

Can we get Binance's attention on this?
Waiting a full day is ridiculous, especially with how the network in the last months hasn't been congested to the point where transactions remain unconfirmed for more than a couple of hours at most.

I keep sending transactions with very low fees without even looking at how congested or not congested the network is, and I continuously get first next-second block confirmations.

Makes me wonder though, how low is the fee Binance uses, and are they using SegWit? It all seems like they still use legacy format addresses, which for such a large exchange is quite shocking to be honest.