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/biz/ - Business & Finance

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27549159 No.27549159 [Reply] [Original]

>started mining crypto for the first time
>welp, time to move my coins to coinbase so I can sell them soon
>about to initiate transfer
>see this
wait, I have to pay 5 dollars just to transfer my $115 worth of ethereum to coinbase?
wasn't cryptoCURRENCY meant to be an alternative to money, so why the fuck does some of my """currency""" go poof when it is transferred?
what the hell is this? am I doing something wrong?

>> No.27549364

I would like a dossier on the IP addresses of the 5,000 "ETH FEES ARE TOO HIGH" posts on this board every day.

>> No.27550284

>>27549159
You pay for using the network, just like you yourself are getting paid for running a node.

>> No.27550710
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27550710

>>27550284
I understand transaction fees but 5 fucking dollars for a $115 transfer?
is this normal?

>> No.27551683

>>27550710
WELCOME TO EFFEREIUM. multiply that fee by 20x by the time ETH is 20k.

>> No.27551946

>>27550710
Yeah that actually seems low for recently. I tried to move $250 over for staking today and it said the fee would be $260 so I gave up.

>> No.27552433

>>27549159
Not currency anymore fren, it's newfag zoomer crowd just use it for investing in centralised pump and dumps now