Just a few years ago, transaction fees were only a few pennies and could easily be confirmed in under an hour. In fact, the total transactions in a single day were less than 100,000 in 2014 when Airbitz had just started. Today we are seeing as high as 350,000 transactions and an average of 250,000 or so transactions per day. Because of the growing demand of bitcoin, users, and transactions, the fees have gone up dramatically since then and have sometimes reached a cost as high as $3 for a single input especially during peak times which can last a…

RJ Raljoseph Ricasata

Quality Assurance Support Manager at Airbitz, an Edge Security Platform and Bitcoin Wallet

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