My Bitcoin Wallet Holder Wanted A 12 USD Fee Just To Send 40 USD--Are Fees Typically This High?
I am relatively new to Cryptocurrency.
I was going to do my first Bitcoin transaction yesterday but backed out. Why? The company where I have my wallet wanted the equivalent of 12 US dollars for a 40 US dollar transaction. I was going to send someone the Bitcoin equivalent of 40 USD from my wallet. I found the fee of 12 USD way too high and was quite surprised and shocked by this. Paypay is much better because their fee is very low by comparison...it seems to me.
Are fees to do a Bitcoin transaction typically this high? Please let me know your thoughts on this.
Thank you!
not that high.
ok, thank you! yes it seemed terribly high but again, I am new to this and did not totally know what to think.
Yikes! I've heard they're high(I'm also very new to this, so I don't know from experience) but that seems way too high!
I see. So you and I see this the same way. Being new to this cryptocurrency stuff is bewildering for me but I am slowly learning. Thanks!