You are viewing a single comment's thread from:

RE: Bitcoin is a piece of shite! $500 tx fee for a $2500 transfer?

in #bitcoin7 years ago

Many people do that in exchanges. Trade them for Doge and then back to Bitcoin. I had to pay $50 for getting out $300 through one of those ATM-Bitcoin in December. Then I used Coinbase and Chase Bank to receive the money and it was much less. I dont think I will be using the ATM-Bitcoin ever. By the way, those $50 were splitted between Blockchain.info and the ATM-Bitcoin. I am not too happy with many of these abusive sites and people in the industry. Bitflip was charging 3/4 of the money to withdraw bitcoin and there was a chat saying the best way was trading bitcoin for doge to get a lower fee. I am just waiting so all these waves of high fees come down to transfer the money to my seed wallet. Third party wallets are very abusive. We are trying to flee from Bank of America's fees and find a similiar or worse situation here.