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Trying to send 25 dollars to a friend but fee seems to be way higher then normal does anyone know how I can fix this extreme high fee ?

Trying to send 25 dollars to a friend but fee seems to be way higher then normal does anyone know how I can fix this extreme high fee ?



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  1. We’re in the middle of a bull run and there’s currently heavy demand and people send big value transactions using bitcoin and some users like them are willing to pay $20+ to have their transactions confirmed before everyone else and this raises the fees for everyone. If people start paying more then the people sending big value transactions (and impatient people willing to pay) will just start paying $40 to have their transactions confirmed before everyone else.

    You can send the transaction with a small miner fee like a couple dollars and the transaction should confirmed after some days. If a transaction isn’t confirmed in 2 weeks then it gets dropped from the mempool.

    Up until 2013 the amount of users and demand was low enough that you really didn’t even need to include a fee and your on chain transaction would usually get confirmed within 10 minutes.

    Bitcoin isn’t well suited for small that on chain unless you want to wait days for your transaction to confirm or pay a high miner fee. Fortunately bitcoin has something called the lightning network that allows you to send and receive bitcoins instantly at nearly no cost. You can use the lightning network peer-to-peer or you can also buy a lot of stuff and gift cards for practicality any big store. Bitfinex.com exchange already has the lightning network integrated so that you can deposit and withdraw bitcoin using it and kraken.com exchange will be integrating the lightning network later this year.

    Bitcoin is also getting schnorr signatures and taproot later this year which will improve privacy, security, and efficiency. This will also lower the operating costs of running a node and the miner fees for exchanges by an expected 30%.

    The block size limit is also supposed to be raised sometime in the future which will increase the amount of on chain transactions per second that can be performed.

  2. Use the lightning network. Problem is, u first have to put ur coins in a lightning wallet. So this idea is not usefull for u at the moment, but will help future transactions.

  3. Just be grateful you’re not trying to move small amounts of eth. I tried to move like $9 of eth to another wallet just to consolidate some things. The gas was going to be 3 times the amount I was trying to send, so I put in a lower gas fee knowing that it would take longer to send. Well that was a month ago. I know what I need to do to get it to move but I figure I’ll just wait until the price goes up so it’s actually worth moving. Until then I don’t really care enough to do anything about it.

  4. There is no way to reduce btc transaction fee..if you hold your bitcoin in exchange then you can convert btc to other alt coin. Some of alt coin has less transaction fee like bch, ltc n so on.

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