Bitcoin

Blockchain – Is it normal for transaction fees to be 235% higher than the amount sent?

It is not normal for the fee to exceed the value of the transfer amount. However, it is up to the sender to choose the fee and no one else can. No matter what wallet you use, there may be different ways to propose fees and specify fee levels. It is up to you to choose the fee that you feel is appropriate for your transaction and ensure that your transaction is confirmed within the timeframe for which it is confirmed. You can accept.

There is no way to get your transaction fees back. Confirmed Bitcoin transactions cannot be undone, reversed, or separated.

There are cheaper ways to conduct Bitcoin transactions using something like the Lightning Network. The Lightning Network can perform a series of transactions cheaply off-chain and eventually record the final full balance change on the Bitcoin blockchain. However, if you are new to Bitcoin, you will want to take the time to fully understand these off-chain systems before using them.

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