The total fee for a bitcoin transaction is $23. There are, luckily, cost-cutting solutions open. It was just a matter of time. Bitcoin exchange costs and Bitcoin transaction fees are increasing again now that bitcoin is in a bull market, and more consumers are flocking to access the digital currency.
As per tracking service Bitinfocharts, the daily bitcoin transaction fee has been fluctuating between $24 and $31 lately. Higher fees are paid as the blockchain gets overloaded. On the blockchain, a certain amount of room has been set aside. When the lanes are packed, transfers travel more slowly, close to a traffic jam.
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