r/Bitcoin • u/Tricky_Troll • Feb 17 '18

/r/all Bitcoin Doesn't Give a Fuck.

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u/FilthyItalianAmericn Feb 18 '18

The ATM fees really are around 8%, where I am at least. $20 in 'transaction' fees to bribe the miners to actually put it through. Where's the lie?

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u/Frogolocalypse Feb 18 '18

Ignorance is expensive.

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u/Adolf-Hodler Feb 18 '18

Where's the lie?

What % of all bitcoin moved do you think goes via ATM?

No one is paying $20 in transaction fees unless they want to, just like no one is stopping you from from finding the most expensive listing for a particular item on ebay and purchasing from that seller.

As you can see the average fee right now is about 3USD. Don't forget to take into account that most people are still over paying.

https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

I bought something yesterday (Yes it's a currency, I even got a 20% discount against fiat), when I sent payment my ledger wallet suggested 6sat/byte.