Bitcoin Transaction Fees Continue to Spike After Halving

Share Article
In Brief
The Trust Project is an international consortium of news organizations building standards of transparency.

The average transaction fee using Bitcoin is now around $4 and has continued to climb since the last days of April.

For comparison, on April 28, the average transaction fee was only $0.664.

Chart courtesy of BitInforCharts

Despite an increase in SegWit adoption and transaction batching by exchanges, Bitcoin’s average transaction fees continue to rise.

Daily transactions have remained stagnant, however, so this spike may be due to a shakeup among miners. Fees are now at the highest level since the bullish run of summer 2019 which saw Bitcoin briefly break past $13,000.

It should be noted that Bitcoin is still cheaper than the average international bank transfer. The fees for such transactions can often be as high as $50.


All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Share Article

Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital '4th industrial revolution' we find ourselves in.

Follow Author

Unlock Next-Level Trading Experience — Earn up to 8.88% APY      


Unlock next-level trading on Bybit with your favorite metaverse      


Buy your first NFT on Bybit and earn up to 20,000 USDT.      

Start Now!