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Jun 08, 2017 2:28 pm Guess how much it costs to withdraw bitcoin from a major exchange now, due to rising mining fees
Adrian Scott


Guess how much it costs to withdraw bitcoin from a major exchange now, due to rising mining fees

by Adrian Scott, Ph.D.

Kraken, a major cryptocurrency exchange, now charges 0.0025 bitcoin, approximately $7 US ($6.75 at $2700 per bitcoin) to withdraw or transfer out bitcoin, in a sign of rising bitcoin transaction costs due to rising fees required to get miners to post the transaction to the bitcoin blockchain on a timely basis. Guess what this means for micro-transaction feasibility...

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