5 ms·
> Cost me over $4 to send Monero transactions last month. Cost me about $3 to send a Bitcoin transaction this morning. The average and median transaction fees b
by cgb223 9y ago
> Cost me over $4 to send Monero transactions last month. Cost me about $3 to send a Bitcoin transaction this morning. The average and median transaction fees between the two networks have been pretty close for a while
I might be wrong, but isnt the fee based on how much of the currency that you're sending?
Like, how much were you sending for each currency? If the amounts werent similar, the fees might not be accurate for similar amounts
- sbenitoj 9y agoThe fees have nothing to do with how much money you’re sending, you could send $1 or $1,000,000 and it would cost the same thing. The fees are based on how large the transaction is (in terms of kilobytes, that is, not amount). Some transactions have more inputs/outputs than others (and thus take up more space in terms of kilobytes than others) but that’s not a function of the amount being sent.