Blockchain

New Data Shows Users ‘Overpay’ as Bitcoin Fees Lower Than Wallets Suggest

Bitcoin users are overpaying significantly on transaction fees, new analysis warned April 4 as the cryptocurrency’s bull run sparked a surge in activity. Fee Estimators ‘High’ Data published on social media by Bitcoin education and consultancy organization Bit Consultants shows an ongoing mismatch between required fees and those selected by users. The Bitcoin price had […]

Crypto News

Economist Blasts Crypto Trading Fees, Calls Trading Platform eToro ‘the Ripoff King’

If you haven’t noticed, crypto exchanges have been making money hand over fist despite the crypto winter. Economist and trader Alex Kruger apparently did and started a conversation about crypto exchange fees, posing the question of whether customers are being overcharged. In a comparison of crypto trading fees versus that of stocks and foreign exchange, […]

Bitcoin

Visa, Mastercard Plan To Increase Transaction Fees; Cryptocurrencies Don’t

Visa and Mastercard are planning to increase transaction fees for US merchants who accept card payments, Reuters reports. The hikes, which come into effect in April 2019, are likely to further damage already the fragile relationship between payment providers and merchants. Fees-Us Christ According to sources, the increases will firstly affect interchange fees, which merchants pay their banks when accepting a […]

Crypto News

Indians Lost $2.3 Billion in Remittance Payments in 2018; Can Bitcoin Help with Near-Zero Fees?

According to The Times of India, money transfers cost citizens and non-residents over $ 2.3 billion in fees last year for clearing payments into India, the world’s biggest market for inward remittance. Nischal Shetty, the CEO of local Bitcoin exchange WazirX, said that the dominant cryptocurrency could bring down remittance costs to near zero. Dear […]

Analysis

Bitcoin Transaction Fees Hit Three-Year Low as Lightning Network, SegWit Help BTC Scale

Bitcoin’s transaction fees have recently hit a low they hadn’t seen in over three years, as according to BitInfoCharts the median transaction fee on the flagship cryptocurrency’s network is just $ 0.029. As pointed out by cryptocurrency community researcher Kevin Rooke on Twitter, the Bitcoin network hadn’t had fees this low since October 2015, when […]

Crypto News

Bithumb Launches New DEX with No Transaction Fees and Airdrop Event

Bithumb, South Korea’s second largest cryptocurrency exchange officially launched its Decentralised Exchange (DEX) on October 15 and marked the occasion with two events – free transaction fee event and an Airdrop event, the details of which have been published on the company website. No Transaction fee period and Airdrop event The Free Transaction Fee event […]