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RE: Bitcoin fees as high as $50, transactions still slow to confirm, new messaging system on BlockTrades
I saw the new fee ( 50$)
and I placed new order : Transfer 91.648 SBD to blocktrades318bc1f7-ed4a-47f6-b290-05c723314882
Hopping this time will be fine and quick with the new fee..
Have a great weekend..
Merry christmas..
I got the first confirmation after 20 miuntes..
Keep the good work..
Thank you..
#bitcoinisbroken
Hi. I have a coinbase account and I saw a "network fee" of $20+ just to send $80 worth of BTC to an account I have at binance. However, I noticed that by moving the $80 worth of LTC to my binance account, the "network fee" was about $2. I am new to this crypto currency exchange, but it seems that there are different fees associated with different altcoins. I believe it has something to do with how the coins are maintained on the network.
So what you could do is exchange the BTC to another type of coin like LTC in-house to the platform (i.e. coinbase) which is usually a lower fee in the $2 or $3 range. Then send that LTC to another platform like binance so that you are not paying HI transfer fees.
Coinbase is a complete joke. If they would adopt Segwit Wallets the fees would drop significantly and the backlog would begin to go away. Its a complete joke how such a big exchange can be so incompetent.
They've been dodging the question forever @vogeltron1, but they finally said they'd adopt it.... in 2018...
If they did adopt Segwit wallets, their customers could pay much smaller fees and it would help the Bitcoin network, but not by a huge amount. We need massive Segwit adoption plus Lightning Network release for a total fix.
@mooncryption I agree with you about the mass adoption. But when some of the largest exchanges haven't adopted yet, its a joke. I read that Bitpay will finally be getting Segwit Wallets as well in 2018. Hopefully it starts happening soon. The Lightening Network and all the other cool stuff is waiting for that to happen.
At this point I believe exchanges that are tending towards the BCH side are resisting towards SegWit.
Notice how Coinbase, which recently added BCH, is resistant towards Segwit. Bitpay, which was a supporter of the 2X fork and is planning to add BCH, is resistant towards Segwit.
Meanwhile, exchanges like Bitstamp who are heavily invested in the original Bitcoin add Segwit almost instantly (Bitstamp added months ago).
Bitcoin is becoming only for the wealthy..... Or it's a dinosaur.
@blocktrades im starting to see really long wait times for my steem/steem dollar purchases via lite coin most recently going on 8 hours about as im writting this post. Almost 2 hours last night for etherium and now 8 + for lite coin? This is becoming very concerning.
😑
Did your litecoin confirm ok? If so, did we send you the Steem?
I wanted to add an update to my comment. Although there are high fees, you can make money from Coinbase as well. Look at my most recent blog about this. Happened in the past few hours. Maybe you might get luckier than me.
https://steemit.com/bitcoin/@yomaicoin/make-a-usd1000-in-seconds-on-coinbase
Thanks for this. This does sound more promising and rewarding.
I bought via coinbase with bitcoin and seems like its going to be a while? Any ideas for the timeframe for this type of transfer? Also I am new please help me get some upvotes snd tips! https://steemit.com/steem/@dynamicrypto/mine-with-a-cryptologist