4 ms·
I really don't get the $4-$10 fee that everyone keeps talking about. The exchange I trade on charges me a minimum fee of 0.0001btc (which I keep cribbing about)
by option_greek 9y ago
I really don't get the $4-$10 fee that everyone keeps talking about. The exchange I trade on charges me a minimum fee of 0.0001btc (which I keep cribbing about) to withdraw btc. I know from experience many of the times even fee below that gets happily accepted. 0.0001 translates to $1.2 fee.
- legojoey17 9y agoThe 4$-10$ fee being mentioned is a flat flee when transferring between wallets. When you are trading on an exchange, there could very well be nothing happening in the background. It's instead a process that's just flipping some bits for who owns what in their own database.
- option_greek 9y agoI meant between exchange wallet and mine. Don't have to trust me. Look it up: https://blockchain.info/tx/21c79cdba9c5a61d4e342ed946de4c47dede01f576ebb27b814464f32646b399 https://blockchain.info/tx/21c79cdba9c5a61d4e342ed946de4c47d... That is $6.5 fee for 12 different outputs. So around $0.5 per transaction.