Statistics show that average transfer fees on the Bitcoin network have increased 122% since the end of last month.
or $1.70 per transfer. Onchain fees on Jan. 29, ten days prior, were roughly $0.767, according to the statistics. Users generally pay lower fees than the average, and the median-sized onchain transfer using the Bitcoin network at that time was around $0.167 per transfer. As of Feb.
7,Bitcoin’s average transaction fee has risen 122% since Jan. 29, 2023, or over the last ten days. Fee statistics from this article derive from data recorded on Tuesday, Feb. 7, 2023, specifically for average and median-sized onchain fees, and bitcoin’s current cost of production.
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