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Home Crypto Bitcoin Wallet Charged $0.80 in Fees To Transfer More Than $2,000,000,000 in...

Bitcoin Wallet Charged $0.80 in Fees To Transfer More Than $2,000,000,000 in BTC

An nameless Bitcoin pockets was charged a minuscule payment whereas transferring over $2 billion price of BTC on Monday night time.

Despite 44,598 BTC being moved, a mere 0.00001713 BTC payment was incurred – amounting to lower than a greenback.

Bitcoin’s average transaction payment spiked to over $60 when it hit an all-time excessive above $64,000 in April. The common price fell to $11 in July and is now at a mean of below $3 at time of writing.

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Source: BitInfoCharts

This is in comparability to Ethereum (ETH) transaction fees which spiked at a excessive of $71.72 in May, falling to its present degree at a mean of $5.12.

While nominal charges are the usual, exorbitant quantities have additionally been recognized to happen. Last December one holder paid $82,000 in charges to ship simply $1.18 of BTC.

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Disclaimer: Opinions expressed at The Daily Hodl are usually not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses you could incur are your duty. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in affiliate marketing online.

Featured Image: Shutterstock/rangizzz

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