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by 1996 2904 days ago
No, at the moment the fees are quite low.

Maybe you could trust the person asking for crypto instead of showing an anti-crypto bias?

1 comments

Coin Metrics says the transaction fee stands at $7.67 which is astronomical. ETH is a bit lower at $1.39 but that is still far far higher than most payment instruments.
I'm not sure where you are getting those figures from, Coin Metrics shows fees under $1 for both for me [0]. The two sites I've used in the past that have been pretty accurate show ~$0.10 for both [1] [2].

[0] https://coinmetrics.io/charts/#assets=btc,eth_left=averageFe...

[1] https://ethgasstation.info/index.php

[2] https://bitcoinfees.info/

https://ethgasstation.info/ shows $0.092 (3 minutes) for an eth transfer and https://bitcoinfees.info/ shows $0.13 for a bitcoin transaction in the next block (10 minutes)

I have a feeling what you're looking at is old data? Transfers are cheap right now

I don't use BTC much these days, but if you're paying $1.39 for an ETH transaction you're most certainly paying too much.

The StdCost right now is a dime. You can get away with less if you're willing to wait for confirmation (which is possible if you're transacting locally with neighbors).

https://ethgasstation.info/

Check western union.