Bitcoin fees lowest since May 2017
1 satoshi per byte
It didn't last long and is up to 8 sat/byte now for next block but still dirt cheap and far cheaper than banks. It's what Bitcoin was created for, the ability to send up to $10,000 for less than 10 cents.
Why are they so low?
Exchanges are batching transactions which has dramatically reduced the amount of transactions needed to transfer funds. This has reduced the global transaction volume and made getting on the books a lot less competitive.
Average transaction fees peaked around $55 on per transaction and now less than $0.25.
bitcoinfees.info
Fees this low should attract a lot more users to Bitcoin and more importantly merchants.
I love these low fees, it would be nce to have low fees permenatly with lightning implemented.
Agreed
Once we get thru the FUD and panic that has taken hold..
The giant awakes
Good post!
Does it fluctuate based on the current Bitcoin price??
Not directly.
For future viewers: price of bitcoin at the moment of posting is 7871.50USD
the cryptocurrency markets accelerated the downward trend that started yesterday, and are currently in the red. Ethereum (ETH) fell below the $ 500 level for the second time this month after reaching close to $ 600 on March 24. Bitcoin is below $ 8,000.
The total capitalization of the market has been reduced to $ 303 billion at the close of this edition, the 10 major digital currencies listed in Coinmarketcap are in red.
although the bitcoin has already risen to $ 8,100 at this time.
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STOPWow hope there will be no transaction fee in future😜
That will never happen.
😂😂
This is so Good Id & Good job, especially because I'm just writing a piece about the preparations I made before I quit my job and became a full time Steemian
Great to see that BTC's fees are lowering. This will help make BTC a good option to send funds again
One step closer to making cryptocurrency available to all. Inexpensive transaction fees not only increase scalability, but also eliminates the exclusivity currently associated with cryptocurrency. At an average of $55 USD per transaction that is not viable for a majority of users. Reduced transaction fees combined with decentralized platforms, such as Blockbasis will ultimately aid in cryptocurrency replacing fiat currency.