Explain why high bitcoin transactions are expensive?

[Anycoin Direct Support]

Hello Minhxx,

To confirm what has been previously said by others on this topic, actually transaction fees are at a low rather than a high now. Due to the massive implementation of Segwit by exchanges and brokers, transactions now take less fees to be processed. If you would like an explanation about Segwit then we would be happy to inform you or if you want to read more on the topic, a more detailed explanation on Segwit can be found here. The scaling problem bitcoin encountered in the last couple of months has been eased due to this new approach actually decreasing the fees per transaction.

When using your personal wallet for making transaction always check if you can decide your own transaction fees. Some wallets automatically send a transaction fee with your payment. This could lead to you paying too much fee per transaction, therefore we always suggest you check out the current transaction fees on the following website here. By estimating how fast a transaction needs to arrive in the recipients wallet you can chose the according fee for the transaction.

With kind regards,
The Anycoin Direct team

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[The best one]

Personally, I feel bitcoin trading charges are quite good for small purchases, is due to the overload of the excavator so new transaction costs so high would not explain to me, thanks

Actually I think that Bitcoin transaction fees are proving to be profitable for so-called bitcoin "miners". Miners work out complex cryptographic puzzles to add transactions to the blockchain, a decentralized record of all bitcoin transactions. They are paid in bitcoin in return for their services beside Transaction fees are based on the size of a transaction based on the number of inputs and outputs

[Mr Zeus]

Actually, It is not expensive. The thing is that Bitcoin is expensive. Generally, paying 50k sat is enough for transactions

Suppose that Bitcoin is $1 and you need to pay $500, your fee is 5 cent. Think of a Swift, almost $20.

[yudi31]

High bitcoin transactions can be considered expensive if the amount used as a transaction in small quantities, but if the number of transactions in the number of lots then the transaction will be cheap

[cellard]

What most people don't get is that resources are expensive, so you cant keep raising the blocksize as big as needed to keep it from getting full, this is what BCash supporters don't get. They unironically believe there is no downfall to that, that it has no impact on the decentralization of the network.

Now any attempts to hardfork into bigger blocksizes will just result in altcoins. Satoshi predicted this would happen. He should have thought about a way to do blocksize increases as a soft fork if he wanted blocks to ever be increased again.

[network.decentralizer]

Actually, It is not expensive. The thing is that Bitcoin is expensive. Generally, paying 50k sat is enough for transactions

Suppose that Bitcoin is $1 and you need to pay $500, your fee is 5 cent. Think of a Swift, almost $20.

I believe that paying more than 20 cents for a crypto-transaction with 1 input and 2 outputs is too expensive for me. If Bitcoin had full segwit adoption and dynamic block size for increasing block size when there is a high usage period, there would be no need for other altcoins usage and the price would be much higher.

[vuanhquan]

As bitcoin fees increased and depositors did not decrease, at this time fee is not significant when the bitcoin price is at the $ 10,000 threshold. I think there will be a change in fees when the bitcoin reaches the higher value threshold.