Bitcoin Wallet Charged $0.80 in Fees To Transfer More Than $2,000,000,000 in BTC
An anonymous Bitcoin wallet was charged a minuscule fee while transferring over $2 billion worth of BTC on Monday night.
Despite 44,598 BTC being moved, a mere 0.00001713 BTC fee was incurred – amounting to less than a dollar.
Bitcoin’s average transaction fee spiked to over $60 when it hit an all-time high above $64,000 in April. The average cost fell to $11 in July and is now at an average of under $3 at time of writing.
This is in comparison to Ethereum (ETH) transaction fees which spiked at a high of $71.72 in May, falling to its current level at an average of $5.12.
While nominal fees are the standard, exorbitant amounts have also been known to occur. Last December one holder paid $82,000 in fees to send just $1.18 of BTC.
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