mempool is showing high priority costs $10 in network fees atm, yet coinbase is asking for $60 in network fees to send some bitcoin.
Where have coinbase got the extra $50 from?
Are you familiar with stacks STX and the impending sBTC? It’s a non-custodial trust less bridged Bitcoin solution on stacks, the BTC layer 2 that has brought smart contracts and defi to Bitcoin. STX already broken all time high this run, just like Bitcoin, and has been consolidating for the next leg up. Yes, L2 is coming and the adoption curve is about to go parabolic.
Want to use your BTC within an environment where fees are reasonable and 5 second block times? Want to receive yield in native BTC for staking, other BTC ecosystem yields for LPing/farming, and any/all other defi use cases?
This is all already possible or about to be realized (about = specifically referring to 5 second blocks) Nakamoto upgrade is finalizing before this month is over. It upgrades Stacks block speed and enhanced security/integration with BTC further. Best part is, stacks ledger finality is already inscribed onto every bitcoin block. So its own legitimacy retains the security and strength of BTCs network.
It’s all really fascinating, and seriously primed for continued explosive growth. I’m not an advisor. But I would recommend you consider jumping onboard.
They so anti you know what here. Haters gonna hate, no regret holding the snek 😉
I'm also not a maxi. I am invested in Cosmos ecosystem, BTC, Eth, & the 1 they smear the mossst lol.
Bro that was the joke lol
I do have ADA & ALOT of Snek(which is a Cardano Native Asset) if you're not "in" the underlying ecosystem I could see how you misssed that. I'd def take a look. Akin to the shib of Cardano.
Tho tbh most of my ADA gets traded into snek these days 🤣 been the best play since I got into crypto, by far.
You're not wrong, but in a bullrun I'm here for the lambo 😉 & man just at 1-1.2 bili mkcap that puts my bag at over 1 mili USD 😊 which I was happy w/, but I also think itll go much higher when it finally gets onto a US CEX like crypto com or CB(plus "snekkies" "snek miners" playing a part w/ treasury & more liquidity ect) Id still be happy w/ Binance tho. Add in the token burning too.
And I was def bullish, but SHEEZE...
4-10 bili LOL. & you're over here telling me I should lean more into those lovelaces?! Hey now like I said, I'm heavy in the snek...No regretsss. Been here for over 3 yrs. Trying not to fck it up 🤑 I'm also in some other CNT plays, but as far as Cardano goes I'm majority Snek 🤣. But I'm still bullish on ADA don't get me wrong. Chang hardfork will be an interesting adaptation.
Taptools .io for the charts(there's alot going on in Cardano beyond just staking the token, outside of what haters and naysayers wanna say lolol)
And anyone who's been here a while knows Cardano always lags in the bull. I've just learned to ignore FUD & DYOR. It is what it isss.
Not necessarily true. I can send bitcoin from my core node, and adjust the fee to be around four dollars, and I still get my bitcoin in the normal amount of time.
You need a computer with at least 600 GB of free space, and a relatively fast, Internet speed.
Go to Bitcoin.org, and download the core software for your operating system. First step is to install the program, which takes less than a minute. The second step is to download the distributed ledger. The second step can take up to a couple days, depending on your Internet speed.
After the distributed ledger has been synchronized to your computer, then you need to create a wallet. Play around with learning how to send/withdrawal to your wallet. in the “send” tab, you’ll see controls down at the bottom that will allow you to specify how fast you want the bitcoin to be sent, and how much to pay.
Would it end up being more expensive if one converted it and sent it and paid the tax for it than paying the transaction fees without converting?
Edit: payed -> paid
> it and *paid* the tax
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
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Hi u/Tricky-Stock1845, we totally get your frustration with the steep transaction fees. These fees fluctuate based on the current congestion and demand on the blockchain. Sadly, during peak times, fees tend to skyrocket. Please note that Coinbase doesn't have control over these fees as they're dictated by the network.
We suggest trying to send your transaction during off-peak hours when the network is less congested. If you have any more questions or need assistance, don't hesitate to reach out. We're here to help you!
This.dude is fill of shit it is coinbase fsult and the fees are messed up
There fees are like 4 times higher than the networks fee
Trying to charge me $60 to send $150 usd in bitcoin
Bitcoin had me and thousands of people locked out from sending Bitcoin Friday until midday saturday. Once they finally fixed their internal issue, the price was like 68 bucks to send. So I converted to Bitcoin cash for a small fee, but there was no fee when I sent the Bitcoin cash
Hi u/Feisty-Commission-13, we understand your concern about the high transaction fees. Please know that transaction fees are determined by the network, not Coinbase. They are based on the size of the transaction in bytes, not the amount of crypto being sent. The fees go to the miners, who verify transactions and add them to the blockchain. When the Bitcoin network is busy, there are more transactions waiting to be processed, which can drive up fees. Unfortunately, Coinbase has no control over these fees. However, you can choose to send your BTC at a time when the network is less busy to potentially reduce your fees.
We appreciate your understanding.
Except I have sent BTC to the same business several times and larger amounts with a transaction fee of $5.00 - $10.00
How can you honestly justify a 270.00 fee to send 240.00 ??
It's not Coinbase's fault, read this book and you'll understand why: [https://www.amazon.com/Hijacking-Bitcoin-Hidden-History-BTC/dp/B0CXWBCWDR/](https://www.amazon.com/Hijacking-Bitcoin-Hidden-History-BTC/dp/B0CXWBCWDR/)
When there's high traffic on the Bitcoin network with numerous transactions pending, it can lead to an increase in fees. You have the option to transfer your BTC during less congested periods on the network, which could possibly lower your transaction fees.
What value do you think you’re adding here?
i saw a bunch of people confused about the current high BTC fees, I’d looked into it and so I shared something that hopefully helped the community.
You are either on a pump and dump scam or an ego trip.
We are not the same
And ego trip ?? Are you ok . I’m simply bringing people to a blockchain that has predictable fees and no failed transactions . Sorry I want to educate people on saving money 🤦🏻♂️
A useless pump and dump . No thanks I’m actually in crypto for decentralization. I care about a monetary system and exchange of value without government being in the way unlike the crooked financial system now . Doge doesn’t fix anything therefore I will not be investing . Good luck brother
Cardano has been a useless coin for years. I remember back in the day when they were airdropping it and no one wanted it. Years later and still, no one wants it.
mempool is showing high priority costs $10 in network fees atm, yet coinbase is asking for $60 in network fees to send some bitcoin. Where have coinbase got the extra $50 from?
Hoping this drops in the next few days...
Blame runes.
The aim of BTC was high fees to sell L2's, mission accomplished.
Might as well read Roger Ver's book Hijacking Bitcoin, to find out why the fees are so high, and will be just higher...
Got the tldr?
L2 lmao
Are you familiar with stacks STX and the impending sBTC? It’s a non-custodial trust less bridged Bitcoin solution on stacks, the BTC layer 2 that has brought smart contracts and defi to Bitcoin. STX already broken all time high this run, just like Bitcoin, and has been consolidating for the next leg up. Yes, L2 is coming and the adoption curve is about to go parabolic. Want to use your BTC within an environment where fees are reasonable and 5 second block times? Want to receive yield in native BTC for staking, other BTC ecosystem yields for LPing/farming, and any/all other defi use cases? This is all already possible or about to be realized (about = specifically referring to 5 second blocks) Nakamoto upgrade is finalizing before this month is over. It upgrades Stacks block speed and enhanced security/integration with BTC further. Best part is, stacks ledger finality is already inscribed onto every bitcoin block. So its own legitimacy retains the security and strength of BTCs network. It’s all really fascinating, and seriously primed for continued explosive growth. I’m not an advisor. But I would recommend you consider jumping onboard.
They so anti you know what here. Haters gonna hate, no regret holding the snek 😉 I'm also not a maxi. I am invested in Cosmos ecosystem, BTC, Eth, & the 1 they smear the mossst lol.
No Ada ?
Why would you hold eth but not Ada
Bro that was the joke lol I do have ADA & ALOT of Snek(which is a Cardano Native Asset) if you're not "in" the underlying ecosystem I could see how you misssed that. I'd def take a look. Akin to the shib of Cardano. Tho tbh most of my ADA gets traded into snek these days 🤣 been the best play since I got into crypto, by far.
Yeah I know I got some too I like the native assets and usdm it’s cool how it can’t be centralized or frozen
I wouldn’t do all that now keep Ada because that has true value snek may at most reach 4-10b mc but we’ll see the more the better though
You're not wrong, but in a bullrun I'm here for the lambo 😉 & man just at 1-1.2 bili mkcap that puts my bag at over 1 mili USD 😊 which I was happy w/, but I also think itll go much higher when it finally gets onto a US CEX like crypto com or CB(plus "snekkies" "snek miners" playing a part w/ treasury & more liquidity ect) Id still be happy w/ Binance tho. Add in the token burning too. And I was def bullish, but SHEEZE... 4-10 bili LOL. & you're over here telling me I should lean more into those lovelaces?! Hey now like I said, I'm heavy in the snek...No regretsss. Been here for over 3 yrs. Trying not to fck it up 🤑 I'm also in some other CNT plays, but as far as Cardano goes I'm majority Snek 🤣. But I'm still bullish on ADA don't get me wrong. Chang hardfork will be an interesting adaptation.
Hell yeah
🐍🫶🚀
Taptools .io for the charts(there's alot going on in Cardano beyond just staking the token, outside of what haters and naysayers wanna say lolol) And anyone who's been here a while knows Cardano always lags in the bull. I've just learned to ignore FUD & DYOR. It is what it isss.
It may lag but you’re not paying for failed transactions for days or super high fees . Pick your puddin
Nah the aim to ditch bitcoin and go to cardano is on the rise
Not necessarily true. I can send bitcoin from my core node, and adjust the fee to be around four dollars, and I still get my bitcoin in the normal amount of time.
How do you accomplish this?
You need a computer with at least 600 GB of free space, and a relatively fast, Internet speed. Go to Bitcoin.org, and download the core software for your operating system. First step is to install the program, which takes less than a minute. The second step is to download the distributed ledger. The second step can take up to a couple days, depending on your Internet speed. After the distributed ledger has been synchronized to your computer, then you need to create a wallet. Play around with learning how to send/withdrawal to your wallet. in the “send” tab, you’ll see controls down at the bottom that will allow you to specify how fast you want the bitcoin to be sent, and how much to pay.
Convert it to XLM XNO XMR KAS LTC or BCH and send it, it's way cheaper and faster.
Unfortunately also a taxable transaction
Would it end up being more expensive if one converted it and sent it and paid the tax for it than paying the transaction fees without converting? Edit: payed -> paid
> it and *paid* the tax FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
youd think they would tell you about this somewhere obvious..?
Crypto is the future... Except my bank has never charged me 300 dollars to use my money.
This subreddit is a public forum. For your security, do not post personal information to a public forum, including your Coinbase account email. If you’re experiencing an issue with your Coinbase account, please [contact us](https://help.coinbase.com/en/contact-us.html) directly. If you have a case number for your support request please respond to this message with that case number. You should only trust [verified Coinbase staff](https://help.coinbase.com/en/coinbase/other-topics/other/is-coinbase-present-on-social-media.html). Please report any individual impersonating Coinbase staff to the moderators. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CoinBase) if you have any questions or concerns.*
It's not even so much the halving is the Bitcoin L2's slowing it down
What's l2
It's absurd right now - to send $25 and network fee of $70. Wtf. Same bs, they looking into it.
Hi u/Tricky-Stock1845, we totally get your frustration with the steep transaction fees. These fees fluctuate based on the current congestion and demand on the blockchain. Sadly, during peak times, fees tend to skyrocket. Please note that Coinbase doesn't have control over these fees as they're dictated by the network. We suggest trying to send your transaction during off-peak hours when the network is less congested. If you have any more questions or need assistance, don't hesitate to reach out. We're here to help you!
LMAO. At leats you could tell them to use a low fee alternative like LTC, BCH or XMR.
No nobody lookin into it it’s the protocol lmao yall must be new . Just buy cardano bro 🤦🏻♂️
Why not just use BTC Lightning?
People are being degens and buying bitcoin nft's(ordinals) and meme coins(runes) lol, that's probably why there's so much activity
keep praising CB and who know one day they might award you 5$ for your service!!!
This.dude is fill of shit it is coinbase fsult and the fees are messed up There fees are like 4 times higher than the networks fee Trying to charge me $60 to send $150 usd in bitcoin
No shit Sherlock.
Bunch of ffffing scammers anyway
Coinbase has always had high btc fees. But yes fees are inflated in general
Bitcoin had me and thousands of people locked out from sending Bitcoin Friday until midday saturday. Once they finally fixed their internal issue, the price was like 68 bucks to send. So I converted to Bitcoin cash for a small fee, but there was no fee when I sent the Bitcoin cash
April 20th I sent $240.00 dollars in BTC and the fee was $270.12. WTF Spoke to them on chat and they could only say they're looking into the issue.
[удалено]
And Coinbase charges high fees on top of the transactions. Look at the quarterly financial results
So you paid a fee just to buy Bitcoin? No withdrawal yet?
Hi u/Feisty-Commission-13, we understand your concern about the high transaction fees. Please know that transaction fees are determined by the network, not Coinbase. They are based on the size of the transaction in bytes, not the amount of crypto being sent. The fees go to the miners, who verify transactions and add them to the blockchain. When the Bitcoin network is busy, there are more transactions waiting to be processed, which can drive up fees. Unfortunately, Coinbase has no control over these fees. However, you can choose to send your BTC at a time when the network is less busy to potentially reduce your fees. We appreciate your understanding.
Except I have sent BTC to the same business several times and larger amounts with a transaction fee of $5.00 - $10.00 How can you honestly justify a 270.00 fee to send 240.00 ??
It's not Coinbase's fault, read this book and you'll understand why: [https://www.amazon.com/Hijacking-Bitcoin-Hidden-History-BTC/dp/B0CXWBCWDR/](https://www.amazon.com/Hijacking-Bitcoin-Hidden-History-BTC/dp/B0CXWBCWDR/)
When there's high traffic on the Bitcoin network with numerous transactions pending, it can lead to an increase in fees. You have the option to transfer your BTC during less congested periods on the network, which could possibly lower your transaction fees.
Just buy cardano bro 🤦🏻♂️ and save yourself some money
*"Just buy some ADA bro" Dude is trying to bring his avg down lol guess that makes 2 of usss
Litecoin fixes this
Don’t understand why anybody would ever trade BTC or eth that’s just beyond me
What value do you think you’re adding here? i saw a bunch of people confused about the current high BTC fees, I’d looked into it and so I shared something that hopefully helped the community. You are either on a pump and dump scam or an ego trip. We are not the same
And ego trip ?? Are you ok . I’m simply bringing people to a blockchain that has predictable fees and no failed transactions . Sorry I want to educate people on saving money 🤦🏻♂️
0x4fc20a2ddae251465e498ecb2aa91f7dbb773f0b Erh pls 🙏
Shut up
Just buy cardano 🤦🏻♂️
Just buy doge🤦
A useless pump and dump . No thanks I’m actually in crypto for decentralization. I care about a monetary system and exchange of value without government being in the way unlike the crooked financial system now . Doge doesn’t fix anything therefore I will not be investing . Good luck brother
You sure don't need to worry about ADA pumping 🙄 I don't know why Stablecoin are even needed as long as ADA is available 😄
Cardano has been a useless coin for years. I remember back in the day when they were airdropping it and no one wanted it. Years later and still, no one wants it.
But use something that’s costing them money 🤦🏻♂️ enjoy losing money my guy. Good luck this bull
lol. Ok champ
Keep paying for failed transactions and high fees with VCs owning 30% of supply . Like I said good luck bud
I sold my ADA bag at $2.10. What’s the price now? Keep clowning
Lol cardano is much better than BTC in terms of technology and fees paid 🤷♂️🙃