question about transaction fees...

[cizatext]

In this recent time bitcoin transactions fees has been very high and has lead to so many users of bitcoin not being able to cope with the high transactions fees and optioning to other alt like the etheruem, the high transactions fees is as a result of high traffic congestion in the blockchains network. Many users are carrying out transactions at the same time and this has also lead to thousands of unconfirmed transactions in recent time. The high transactions fees will reduced gradually as time goes on and everything will be back to normal.

[CyberKuro]

Current transactions fees are getting better than a few days ago, decrease to 660 sats/byte which mean you will pay BTC0.0014 for median transaction size of 226 bytes.
So, if you want to send bitcoin worth $200, the fee is around $20. Pay $60 fee is ridiculous at current network condition, it's not just bitcoin mempool but something wrong with ANX. This is a common problem with exchanges or platforms which offers cryptocurrency services, that's why you should know how much the fees to withdraw.

[BartS]

I guess right now bitcoin as a way to move small amounts aren't the best thing. The transaction fees are quite high due to the congestion in the memory pools. This might not be resolved in the near future, but likely another push for a fork will happen due to this. I will hold out right now as the fees will totally be not worth it to move your bitcoins. This is not caused by ANX by the way, it is really because of the current situation of the blockchain.

You can move your coins any time you like but the issue is the fees are big so right now moving small amount of money does not really make sense, you need to move a lot of money so the fees make sense and that means we cannot make any small purchases with bitcoin, but this is going to be solved, the issue is when that is going to happen and we have no idea of that.

[Rana590]

Wait until resolve it. In this time there are a lot of traffic on blockchain. For this reason the transaction fee is high. If you want to transfer your Bitcoin now, you will lose a big money. So it is the wiser decision to wait until resolve it again. Hope it will be resolved very soon.

[codebread]

Since blocks are that hard to mine and BTC price is also very high txn can only be confirmed with high fees, it will be resolved though, check the development forum

[Siopao]

Transaction fee ia so high right now, you would be losing a huge amount for that. Maybe you could wait for a while when the trafgic in blockchain have been resolved.

[maimainguyen05]

At present, the cost of trading Bitcoin is very high, affecting the transaction process of individuals. This is due to the fact that there are not too many Bitcoin dealers at the moment as it was a week ago. Your advice at the moment is to reserve the Bitcoin to invest in an ICO instead of a holding company because the Bitcoin rate is on the downward trend as investors focus on investing in altcoin instead of Bitcoin. as before. By investing in an ICO, you will have the opportunity to x10, x20 the amount of $ 200 you currently have if you invest in a potential ICO project. And I believe the future cryptocurrency will be Altcoin rather than Bitcoin because Bitcoin has a limit of 21 million BTC.

[babarian]

transactions in bitcoin do cost money, but that does not have a big effect on your bitcoin exchange
bitcoin only takes a fraction of our transaction amount

[ramgonzales]

BTC network is very busy and fees are not cost-effective for small amount transactions. I suggest you wait for the network to decongest unless it is an emergency or you are moving large amounts.

[Swenna]

transactions in bitcoin do cost money, but that does not have a big effect on your bitcoin exchange
bitcoin only takes a fraction of our transaction amount

Actually, there are transactions that requires a high transaction fee (I think it depends on the exchange platform being used) And it is affecting a lot of traders and bitcoin users who wants to cash out small amounts of btc. There are some times in which the required fee is higher than the actual amount being withdrawn, itself.

[Koadharber]

Will there ever be lower bitcoin transaction fees. Because $10 is way too much to send money.

For now theres no one can able to answer such question which we dont even know if it would lower again its fees or not. The thing i do see the possibility is when there is already a clear or non-congested network would be one of the reasons which fees would go down.For now better to avoid microtransactions because fees are way too high. Instead of making profits specially on tradings then fee will affect that thing for sure.

[olushakes]

Will there ever be lower bitcoin transaction fees. Because $10 is way too much to send money.

If its $10, a lot of people won't even bother to complain but what is happening is way more than that. I tried sending a transaction on blockchain.info now to confirm the fee, and its giving above $50 as the minimum fee which is 1hr+ which is not even sure it will  confirm in less than 3 hours. Even blockchain.info has a notification about the network traffic of bitcoin. We can only hope that this wouldn't last forever just a temporary event that would soon be over.

[Diecaut]

I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!

bitcoin fee was too high, it is better now but also too high you can use altcoin and wait more price will go down fast next days.
also you can try some wallets like green address wallet 

[Swenna]

Will there ever be lower bitcoin transaction fees. Because $10 is way too much to send money.

You can try sending it using an exchange with low transaction fee. Last time I transact, I only paid an amount of $1.5. However, with that amount as transaction fee, I waited for about a day since its a low priority transaction. (the higher the transaction fee is, the faster it is confirmed). But if you're looking for a low transaction fee with fast confirmation, as of the moment only the devs has the solution. They will work on it, soon. Let us jsut hope for it.

[Sophia29]

Blockchain is currently experience high transaction traffic thats why it is high, best thing to do is to wait untill bitcoin developers do some fork to fix it, your not alone in this situation, if it not that too important you can send it in a low priority

[Zadicar]

Will there ever be lower bitcoin transaction fees. Because $10 is way too much to send money.

If its $10, a lot of people won't even bother to complain but what is happening is way more than that. I tried sending a transaction on blockchain.info now to confirm the fee, and its giving above $50 as the minimum fee which is 1hr+ which is not even sure it will  confirm in less than 3 hours. Even blockchain.info has a notification about the network traffic of bitcoin. We can only hope that this wouldn't last forever just a temporary event that would soon be over.

This is what most people do hope for which fees should come down because we cant really make transactions too much which isn't just like before that we can simply make transfers because fees don't bother us to do so but now its a big hindrance because $10 for a fee is ridiculous and how much more on those $50 above. This thing would possibly be the reason for bitcoin to lose its popularity since people aren't already interested on making transfers and would rather choose up some good alts would take the job.

[albio87]

today BTC transaction are too expansive andthere is an huge risk to pay a lot and see the tx stuck for days.
My advice is to buy something like LTC to move funds between different exchanges

[serjent05]

I have like 200 $ in bitcoin on ANX. I wanted to transfer that to Binance exhange and I saw that if I wanted to I could only send like 140. Is the transaction fee really 60$ to send coin on bitcoin now? Or this is something ANX is doing? I can't see how that will pass as acceptable. Might as well use bank transfers, cheaper!

I believe they ride the transaction fee and the processing fee here. Most exchange are really pullling their profit from these transfers especially to those who have no other means but using only their platform to transfer stuff.  If you have other mean that is cheaper, then sure go for it.  This is the reason why competition is always healthy, it benefits us, consumer/user, to have a better but cheaper service.

[PalindromemordnilaP]

Will there ever be lower bitcoin transaction fees. Because $10 is way too much to send money.

That's crazy high for me and seems unfair if you are just withdrawing a penny. Just like the other past few weeks where i made a transaction at hitbtc but it took me almost 5 days to received my btc. It was only broadcasted and took for about 5 days before the transaction was confirmed. How can it help you for emergency if transaction and services goes like that?

[knightmairesaint]

Will there ever be lower bitcoin transaction fees. Because $10 is way too much to send money.

That's crazy high for me and seems unfair if you are just withdrawing a penny. Just like the other past few weeks where i made a transaction at hitbtc but it took me almost 5 days to received my btc. It was only broadcasted and took for about 5 days before the transaction was confirmed. How can it help you for emergency if transaction and services goes like that?

It really is sad that transactions nowadays took days before fully processed. As a matter of fact, I have been trying to do a withdrawal in hitbtc since Dec 21 and until now I am still unable to. The money  was supposed to be spent for the holidays but since there is a problem I just tried to find another way for me to have money without digital currencies involved. It is disappointing that since the number of transactions grows, there has been a problem in the transactions. How I wish that they will do something like have an upgrade to be able to cope up with the increasing transactions.