Senior187

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joined nov 2023

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2 posts by Senior187

1 post

+1 votes

on EXODUS CHEESE 9.6/10

EXO CHEESE COMPETITION WIN A FREE OZ (28 GRAMS)!

47579

1 post

+0 votes

on peanut007

WTF !!! Network fees....

I been having back and forth with the coinbase help team they keep telling me change the speed of how fast you want to send BTC the slower the cheaper…

+10

on peanut007

WTF !!! Network fees....

So I've been using coinbase for the last 2 years and all of a sudden they want £75 to send £35. Im used to paying a few quid for the send fee but....WTF !!!
Don't know what triggered this or if there has been a policy change amongst the crypto exchanges...any ideas ??? I can't believe people are paying this so Im definitely doing something wrong

+7.2

Noxa88

Yeah I got hammered 40% of the order price the other day, but needed my herb so had to pay it sadly, I said 2 years ago Biggie needed to use something like Nexo or Monero, even XRP, BTC is not viable long term here, should have been thought about by the admins a long long time ago.

Noxa88

I don’t send from an exchange anymore, I don’t ever us a CEX, no need to, I just run everything through MetaMask or Ledger now, it’s a far easier expierience imo, but slowing down the speed isn’t that much cheaper, can take literally 40 hours, that’s just stressful and panic inducing, the fact is high BTC fees are here to stay imo, so a viable solution needs to be found, XRP sent and received in seconds, might cost a dollar to send, that’s what we need, this just can’t be good for buyers or vendors can it. BTC is a storage of wealth, it’s not a payment processing currency, people need to stop treating it as such.

Emz2460

Peanut I’m feeling you dude

This afternoon I had $147 dollars in my account, placed an order for $130 dollar went to pay, $30 dollar fee for the transfer ! Didn’t want to cancel on the vendor and muck them around so had to buy more bitcoin to cover fees my half oz ended up costing me about 175 dollar
I completely agree with your question WTF 🤬
I love this platform but its pricing me out back to the 11 year old county lines smurfs on their electric scooters and man bags lol

B0W13

Youre not doing anything wrong, some are paying the fees, im with you i cant pay these fees either, its really unworkable now.

We need a Christmas Miracle!

BaldEagleBakery 9.9/10

We want usdt say we want usdt
We want usdt say we want usdt
We want usdt say we want usdt

jsa91827

Hey peanut,

Don’t worry you’re not doing anything wrong, network fees atm are just ridiculous. It’s all based on congestion on the blockchain and the miners will set prices higher during busy times and there’s nothing we can do about this unfortunately (unless an alternative currency was used).

Fees tend to come down in the evening and early hours of the morning (UK time) as less people in america are trying to process their transactions.

It can vary every couple of mins so i’d recommend checking a few times in the evening and after midnight as you’ll hopefully find cheaper fees then.

I had a £45 fee on a $135 order all weekend and this morning i managed to put the order through when the fees were around £14 so i’m sure you’ll find a time when the fees are reasonable for you to order.

Hope this helped and good luck with the offers! 😊

Blazin_Esx

It's Blockchain congestion, most exchanges are charging ridiculous network fees, it's not just Coinbase. Plenty of biggas are waiting for the fees to drop before they buy, I can't justify dropping the price of a Q just to move BTC from one wallet to another.

peanut007

Ah yeah... just read all the other posts. Seems this is a universal problem and not just me (captain paranoia strikes again!!)...has this happened before cos I have ordered fairly regularily over 2 years and never had this problem...is it likely to resolve or am I going to have to start hanging out in dodgy places with dealers again ?

Blazin_Esx

It will calm down eventually. There have been spikes for the past month or so, and earlier in the year there were congestion problems too.

As others have already noted, alternatives to BTC would make all the difference. It is being worked on as far as I am aware so hopefully there will be other payment options next year. In the meantime all you can do is check the network fees and hope you get lucky.

Otherlyether

It doesnt calm down for long. This is the nature of btc. Its a volatile piece of shit and useless for our purposes. Im done with paying these fees and im not buying here til theres a payment alternative

+2.8

BigBud75

Same here. Just did a pre BC trade to see what Bittylicious are charging, and for a value of £24.00, the total with fees are just over £42.00!! That's almost an 80% mark-up. As i mentioned in a previous post, this will kill the LB community. Also from what i've heard, these fees are here to stay for the forseable!

thailandtony

I just used my Revolut account to send $55 and the fee was just $12
Forced into it really cos my coinbase has blocked my Lloyds account and my Revolut.
All sorted in less than 30 mins then :-)

BlueSquirrel

I turned down the speed, to make the network fee more reasonable $10 on a £130 instead of $45. I changed it from 158 to 40, normally my transactions approve in 30 minutes, but its been 8 hours and still not processed. If anyones interested say and I'll update on the
processing time.

redeyeuk

40 sats/VB? Mate your gonna be waiting ages. I'm stuck at 118 sat/VB since last night. Might have to buy more coin and see if I can speed up the transaction from exodus wallet. FML BTC is starting to piss me off

BlueSquirrel

I know but I'm not in a rush.
The fees are starting to drop at the moment.
Looks like they are down by 50-60% right now

redeyeuk

I'm not sure tbh mate, it might end up coming back to you @ 40 sat/VB. Don't look at the $ amount on mempool, look at the sat/VB amount that is being processed at the moment. Mine finally went through at 6pm yesterday thankfully.

BlueSquirrel

Yeah I think you might be right, the fees rose again today and trending up.
Nice one for getting yours through

BlueSquirrel

UPdate: fees are down to 105 sat on the last block processed this morning, trend is down.

BlueSquirrel

Order finally went through on 4th January at 40 sats. I guess the lesson is to pay more attention to what is going on with the BTC and Exchange, especially at busy times.

Otherlyether

My last purchase I paid way too low a fee and even once id accelerated it it took three weeks to confirm. When it did eventually confirm the order went through. Check Mempool. At the moment 40 sats wont even get a sniff as low priority is 200 sats and 153 and above is taking over an hour. Yep. Truly sucks. Sorry you are having this experience

joash123

You still waiting aye?

BlueSquirrel

Yes, but the fees are dropping at the moment.
I checked last night and the median was about $35-$40 its currently at $15

Noxa88

Doesn’t really solve the issue though, fees are still high, you spend 12 hours checking every ten minutes shitting your pants that it actually gets there, then causing delays on dispatch in an already in places slow service, ‘RM not vendors’ generally. It’s just becoming a bit of a hassle rather than a godsend it used to be.

fairyoftree

It's a new level of shit right now, been waiting for the fees to come down cos I couldn't afford the original $60 but this morning the fee for a cart of $138 was $150 on eco. Not quite the Christmas present I was looking for.

Noxa88

I stocked up a bit before and had ti accept the fees, very very begrudgingly but I’m waiting for a cart that I kind of needed for Xmas day while out away from home and it’s not come, been 13 days, reship sent on Tuesday NDD still not here, that’s the ultimate insult to the fees, I paid the massive fees and still out of my shit, insult to injury, you’re not the only one man, it’s deffo been a massive hassle this year.