Trusted

Bitcoin Transaction Fees Continue to Spike After Halving

1 min
Updated by Kyle Baird
Join our Trading Community on Telegram

In Brief

  • Bitcoin's transaction fees continue to climb after its halving.
  • Transactions are now around $4 per transaction on average.
  • Fees are at the highest level since summer 2019.
  • promo

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.
🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

images-e1706008039676.jpeg
Advertorial
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
READ FULL BIO
Sponsored
Sponsored