3 ms·
BTC costs $0.06/tx to the sender currently (1sat/vbyte) The vendor can set up their own payment gateways, or use a system like bitpay and pay 1%, which is cheap
by randomhodler84 5y ago
BTC costs $0.06/tx to the sender currently (1sat/vbyte) The vendor can set up their own payment gateways, or use a system like bitpay and pay 1%, which is cheaper than a cc.
Then there is lightning that may cost single sats or less.
Eth is an expensive gas coin and will cost multiple dollars or more to trade or sell. Agreed about that.
- tsimionescu 5y agoAccording to this tracking site [0], it's actually been pretty steady at 2.6USD/tx for the past 6 months. [0] https://ycharts.com/indicators/bitcoin_average_transaction_fee https://ycharts.com/indicators/bitcoin_average_transaction_f...
- randomhodler84 5y agoYeah, what’s funny about that is 80% or more of tx are overpaying by a great great deal. Check out mempool.space, currently a high priority next block cost is about 14 sat, yet most of the txs are using far more. I think there are some very bad wallets out there. You can do minimum fee txs nearly all the time. Blocks generally are not full for long periods, so a 1sat tx will confirm eventually.
- lostmsu 5y agoYou are looking at the wrong metric. Generally you want median fee or even minimal fee, not the average, which includes very complex transactions irrelevant for the case.