New Data Shows Users ‘Overpay’ as Bitcoin Fees Lower Than Wallets Suggest

Bitcoin users are overpaying significantly on transaction fees, new analysis warned April 4 as the cryptocurrency’s bull run sparked a surge in activity. Fee Estimators ‘High’ Data published on social media by Bitcoin education and consultancy organization Bit Consultants shows an ongoing mismatch between required fees and those selected by users. The Bitcoin price had risen significantly earlier in the week, accompanying a sudden uptick in transaction volume on the Bitcoin network, pushing up feesRead MoreThe post New Data Shows Users ‘Overpay’ as Bitcoin Fees Lower Than Wallets Suggest appeared first on Bitcoinist.com.