What is happening to bitcoin?

Blessed19

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Lately there have been some certain exchanges that when you try to send your Bitcoin to another wallet it does not process due to the fact that the network fee is higher in proportion than the actual amount of Bitcoin you want to send.
Trust wallet in particular does not process Bitcoin less than $10 as the network fee is about $1.80.
 
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relcap23

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Lately there have been some certain exchanges that when you try to send your Bitcoin to another wallet it does not process due to the fact that the network fee is higher in proportion than the actual amount of Bitcoin you want to send.
Trust wallet in particular does not process Bitcoin less than $10 as the network fee is about $1.80.
I've noticed too that in some crypto sites that pay satoshis for tasks have higher withdrawal threshold for bitcoin such as coinpayu. One must accumulate 30 thousand satoshis before payout.
 

Blessed19

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I've noticed too that in some crypto sites that pay satoshis for tasks have higher withdrawal threshold for bitcoin such as coinpayu. One must accumulate 30 thousand satoshis before payout.
Yes of course it has been making things a bit difficult for those who get paid in BTC to be owed at some point as there will be much more delay to the payment than usual which is not normal at all and makes the people to sometimes panic over unpaid dues.
 

Etini Willie

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Lately, the network fees for transactions on Bitcoin has so much increased that I even decline payments using Bitcoin. I only accept payments in Bitcoin when the amount involved is somehow big because of the network fees.
 

timewo

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Payeer has a similar rule for accepting crypto payment. They have mentioned that if the payment is of a small amount, it will not get credited to the account. So it is better to use faucetpay in these cases.
 

Blessed19

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Lately, the network fees for transactions on Bitcoin has so much increased that I even decline payments using Bitcoin. I only accept payments in Bitcoin when the amount involved is somehow big because of the network fees.
It is a thing of concern to me as I have been trying to transfer my BTC that is worth $18.78 from my trust wallet to my Binance but it has not been even trying to send telling me there is dust on something I don't get which means the transfer fee is higher than the price.
 

Suba

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Actually there is no problem with Bitcoin, but the Bitcoin blockchain is also used by BRC20, causing the Bitcoin blockchain to crash, and resulting in very high network fees, we better postpone Bitcoin transactions.
 

Niyi Briggs

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Actually there is no problem with Bitcoin, but the Bitcoin blockchain is also used by BRC20, causing the Bitcoin blockchain to crash, and resulting in very high network fees, we better postpone Bitcoin transactions.
That actually means there is huge traffic on the Bitcoin Blockchain? That means if we stop Bitcoin transactions for sometime, the network fees would crash or there is no hope any longer?
 

Suba

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That actually means there is huge traffic on the Bitcoin Blockchain? That means if we stop Bitcoin transactions for sometime, the network fees would crash or there is no hope any longer?
That's right, high transactions on the Bitcoin blockchain not only create traffic jams and high network fees but make the general price of crypto go red, we stop transactions just to avoid high network fees. Hope, it will depend on the Bitcoin community.
 

Golden9

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I
Actually there is no problem with Bitcoin, but the Bitcoin blockchain is also used by BRC20, causing the Bitcoin blockchain to crash, and resulting in very high network fees, we better postpone Bitcoin transactions.
I thought this problem has been resolved. This will actually make people frustrated to use Bitcoin, but most people who send large amounts of cryptocurrency prefer it.

If possible, one can convert to another coin, transfer it and then convert it back to Bitcoin.
 

Suba

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A few days ago I was going to withdraw Bitcoin at Faucetpay worth $ 5, but the blockchain fee is $ 7, and of course a transaction fee will be added, so I canceled it and converted it to Litecoin and withdrew it to my personal wallet.
 
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