Is this a normal bitcoin fee?

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  • w4mmaps
    Confirmed User
    • Feb 2019
    • 248
    #1

    Is this a normal bitcoin fee?

    Hey guys,

    I'm using blockchain.com wallet, and noticed when sending this was my fee:

    Amount:
    $3.99
    0.00041018 BTC

    Fee:
    $2.65
    0.00027225 BTC


    The fee is $2.65 to send $4 worth of bitcoin. Is blockchain robbing me or is this the going rate for smaller bitcoin transactions?

    I would use coinbase but they banned my account without explanation, and it was a legitimate account with my ID verified etc. Any recommendations for good wallets?
    Tags: $2.65, btc, fee, send
    • AlexFS
      Confirmed User
      • May 2011
      • 418
      #2
      No those are not normal fees but third parties can charge as they please. Coinbase has much lower fees on transactions, but the best way to go is a hardware wallet like Trezor or Ledger. Your transaction fees will be more like 0.00000010 BTC (10 SAT) and the transactions are pretty much instant as no third party needs to approve or profit from it. Check these links:

      https://www.trezor.io
      https://www.ledger.com (50% sale at the moment)

      No affiliate links needed.

        Comment

        • CaptainHowdy
          Too lazy to set a custom title
          • Dec 2004
          • 94034
          #3
          Its anarcho-capitalism, aint it ...

            Comment

            • jscott
              jscizzle
              • Feb 2001
              • 25418
              #4
              Originally posted by AlexFS
              No those are not normal fees but third parties can charge as they please. Coinbase has much lower fees on transactions, but the best way to go is a hardware wallet like Trezor or Ledger. Your transaction fees will be more like 0.00000010 BTC (10 SAT) and the transactions are pretty much instant as no third party needs to approve or profit from it. Check these links:

              https://www.trezor.io
              https://www.ledger.com (50% sale at the moment)

              No affiliate links needed.
              What he said ^^


              I just tested out an exchange, realized i didnt like it, and withdraw at 0.0005 fee off the bat

              Using trezor right this moment you have choice between 1 sat/B ($0.02) - 136 sat/B ($5), depending on how fast you need. Even electrum (Free wallet) you can choose your fee

              That said, Bitcoin fees are a bit higher right now (chart about BTC fees or for a visual)
              If you think tough men are dangerous, wait until you see what weak men are capable of.
              - Jordan B. Peterson
              Listen to Pomp tell why is Bitcoin important

                Comment

                • k0nr4d
                  Confirmed User
                  • Aug 2006
                  • 9231
                  #5
                  Originally posted by w4mmaps
                  Hey guys,

                  I'm using blockchain.com wallet, and noticed when sending this was my fee:

                  Amount:
                  $3.99
                  0.00041018 BTC

                  Fee:
                  $2.65
                  0.00027225 BTC


                  The fee is $2.65 to send $4 worth of bitcoin. Is blockchain robbing me or is this the going rate for smaller bitcoin transactions?

                  I would use coinbase but they banned my account without explanation, and it was a legitimate account with my ID verified etc. Any recommendations for good wallets?
                  The network fees are ridiculous right now since the halving. That being said it was $2.65 for your $4 transaction but it also would have been around $2,65 if it was $40000.
                  Mechanical Bunny Media
                  Mechbunny Tube Script | Mechbunny Webcam Aggregator Script | Custom Web Development

                    Comment

                    • adultchatpay
                      Let's Make Money
                      • Dec 2008
                      • 8775
                      #6
                      Fees from 3rd parties are ridiculously high

                        Comment

                        • george MH
                          Confirmed User
                          • Dec 2019
                          • 599
                          #7
                          Originally posted by AlexFS
                          No those are not normal fees but third parties can charge as they please. Coinbase has much lower fees on transactions, but the best way to go is a hardware wallet like Trezor or Ledger. Your transaction fees will be more like 0.00000010 BTC (10 SAT) and the transactions are pretty much instant as no third party needs to approve or profit from it. Check these links:

                          https://www.trezor.io
                          https://www.ledger.com (50% sale at the moment)

                          No affiliate links needed.
                          Good to know .. thanks


                          Skype: George MH - [email protected]

                          New on Traffdaq: DATING niche is on, start trading

                            Comment

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