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[AudraMiller]

When it comes to the bitcoin cryptocurrency i think that the one concern that has always existed in the bitcoin community was the fact that there is a lot of money that is spent on the transaction fees of bitcoin and this is a major concern. With the traffic on the network being extensive there were times that bitcoin transactions costed in excess of 40 dollars for a single transactions, which is ridiculous. However this has come down considerably since then. in recent news a 2 million dollar movement of bitcoin took place recently, and this large transaction only had a transaction fee of 78 cents. What are your thoughts on this?

 

[Wisdom01]

I have always made use of Coinbase and Trust wallet for Bitcoin transactions because I usually receive with them. However, on sending out to either Binance or Luno, I have always ensured that my timing and the fees end up favourable for me.

although I think in my own case ,I have always love to make use of smaller coins when it's not involving Coinbase to trust wallet ,due to the high fees of cryptocurrency I actually would change to using smaller coins , by trading and converting Bitcoin to the smaller coins and making use of it

 

[Niftyicon]

although I think in my own case ,I have always love to make use of smaller coins when it's not involving Coinbase to trust wallet ,due to the high fees of cryptocurrency I actually would change to using smaller coins , by trading and converting Bitcoin to the smaller coins and making use of it

Yeah, I also do that but there was a time I was actually stacking up on the Bitcoin I received and I stored on Luno at the time.
Anyways, I have always carried out my transactions with cents when it involved Bitcoin and the highest ever I have paid in fees was when I used Ethereum in a transaction.

 

[Wisdom01]

Yeah, I also do that but there was a time I was actually stacking up on the Bitcoin I received and I stored on Luno at the time.
Anyways, I have always carried out my transactions with cents when it involved Bitcoin and the highest ever I have paid in fees was when I used Ethereum in a transaction.

I still remember then when Shiba Inu was hosted on the ethereum network then , I think I wanted to convert to Shiba Inu from other coin and yes it really caused me a lot interms of fees, but I have actually learnt to always take adequate precautions not to pay too much fees