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Average Fee != Required Fee

Do not confuse *average* fee with *required* fee. Anybody can overpay his bitcoin transactions and thereby raise the average. The fees required to get your transactions confirmed still is “just” about $11.

[https://finance.yahoo.com/news/bitcoin-transactions-more-expensive-ever-152454460.html](https://finance.yahoo.com/news/bitcoin-transactions-more-expensive-ever-152454460.html?a20_comeback_from_auth=1&guccounter=1&guce_referrer=aHR0cHM6Ly9sb2dpbi55YWhvby5jb20v&guce_referrer_sig=AQAAALM1xwinsiFI7GoRslJVmYprKU1pjrcZ2oMb2w1il4rStiQVz27Vuvqr_gvf7wmobRtuc9TVhJqjyGiEnPmsa8wbX79iiK7K273uDG10Z2vVO7Hm7PrWgicFRZSNw4oKHT28R3pOeClV3c_Mwc4kPaRad2Yp7k_xSF3_3Vj3DH8P)
[https://mempool.space/address/1CUTyyxgbKvtCdoYmceQJCZLXCde5akiX2](https://mempool.space/address/1CUTyyxgbKvtCdoYmceQJCZLXCde5akiX2)



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3 Comments

  1. Yes, it is possible to send 1 BTC and pay a $1000 fee for that. Everybody can pay as much as he likes. On average the bitcoin transaction fee is now $59 because of that, but it is still possible to just pay $11 in order to get your transaction confirmed in 10 minutes.

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