But now it’s like wtf. To send $100 worth of btc is $25 on coinbase ? This is getting stupid now. I’ve seen the market pretty volatile but wtf is going on?
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Ok… Ive been seeing a lot of posts about network fees.
BTC India
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Use Strike.
Opt for the 24hour delivery option. It’s completely free and it helps build patience.
You are using coinbase. That’s what’s wrong.
Next block fees are only around $4 rn. You can get in much lower if you wait.
Use lightning if you want fast and cheap transactions. Btc on chain will have high fees, that’s how the network supports itself.
“on coinbase”….hmmmm
I’ve used CB many times and it’s never more than a few dollars above the high priority fee rate. Check again after next block.
“To send $100 worth of btc is $25 on coinbase ?”
That isn’t a network/transaction fee. It’s a withdrawal fee. Coinbase doesn’t like to label it a withdrawal fee because then they can blame the network.
Do you use nostr?
Follow @feebot which will alert you when fees are rising or falling:
npub19gq4ax8e2j9xw205q7g6n2hnnne2hxk9stw946k9qj49qr3wsj5qnha9s5
Or you can watch for posts it tags with #UTXOConsolidation