I decided to try Exodus, a desktop wallet (and looks pretty good). I downloaded, installed, and did a trial transaction as they recommended.
Trial transaction:
1. Went to Coinbase. Used debit card to buy $10.00USD of bitcoin. Was charged $10.99 for 0.0036855 bitcoin valued at $10.00USD.
2. Sent all to Exodus. Was charged 0.0010584 to send to Exodus.
3. Exodus received 0.00264578 BTC valued at $7.11USD.
So, to get $7.11 into Exodus via Coinbase cost $3.88.
Why are the transaction costs so high? Is this typical for small amounts?
Based on this analysis, I can conclude that its just too expensive to send low transactions because based on this, its equally more than 30% and its something that should really be frown at. The best advice anyone can use in this trying times in relation to high transaction fees is just to avoid small amount payment because there is not two ways to it as this what we have found ourselves pending the time it will be sorted out by the makers and shapers in bitcoin.