fee for Bitcoin is never a good idea. However, there is no backlog right now, meaning there is no reason for a higher fee. However, charging these customers exuberant Bitcoin fees is not the end goal here. Jameson Lopp noticed someone started broadcasting transfers with too high fees. For some reason, users are paying 100 times the normal network fee right now. Once done hit withdraw and your funds should be on the way to your personal wallet with no additional fees! Simply decide how much you wish to withdraw and hit Deposit Funds.
There is absolutely no reason to charge such high fees. Bitcoin (BTC) withdrawals are free from gdax. You might not realise it, but. You will need to fill out the amount and your wallet address as well as provide your security code (Usually your 2 Factor code). Once your coins are on gdax, you can forex currency correlation calculator also withdraw them to your personal wallet without paying any network transfer fee as well. Currently, for Bitcoin, this can be a very high fee due to how congested the BTC network. Can someone please tell me what the fuck is going on? This is a quick post to walk through how you can stop paying the excessively high transaction fees when withdrawing bitcoin (BTC) from. Header image courtesy of, shutterstock. How long this will last is not known but for the time being you can take advantage of it to avoid the costly Coinbase network transfer fee. More specifically, Coinbase users are bearing these costs, a s the company no longer pays for withdrawal fees. All of the money is being paid out to miners for no good reason.