⚠️BITCOIN TRANSACTION FEES ARE THROUGH THE ROOF⚠️
The prospect of a spot Bitcoin BTCUSD exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to a surge in transaction fees.
The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16 according to statistics from CryptoFees.
At the time of writing, YCharts data shows that the average transaction fee is $18.69, up 113% from the previous day and 746% from the year ago level.
If this is true, then it means that small crypto traders need to be careful which brokers they use.
PRO TIP 🔥: In such scenarios take advantage of Binance's 0% maker fees (meaning if you place Limit orders instead of market orders) on selected pairs such as FDUSD/BTC, etc.
Cryptoverse might be shiny on the outside but it is dark on the inside. Stay safe out there fellas.
