Send $10,000 for 1 Cent: Bitcoin Transaction Fees Hit 'Unfairly Cheap' Levels

Bitcoin (BTC) transaction fees are at a major low, making it the cheapest time for nearly 12 months to send bitcoin.

According to a Twitter-based Bitcoin fee information service, Bitcoin transaction fees have hit a record low today of only 1 satoshi (the smallest unit in Bitcoin) per byte to get into the next block. Simply put, your transaction today would be confirmed in about 10 minutes or less even at the lowest possible fee.

Bitcoinist tested this, sending $10,000 USD using Edge Wallet – which allows you to set custom fees – at the 1 satoshi per byte as suggested above. The resulting fee was equivalent to just $0.01.

Read more: https://cryptoflash.io/posts/644365