Posted 11/23/2023, 5:25:15 PM
User Pays Record $3 Million in Bitcoin Transaction Fees, Highlighting Risks of Mistakes with Transfers
- Sender paid record $3 million fee on $5.1 million Bitcoin transaction, with $2 million reaching recipient
- Largest known Bitcoin transaction fee in history, likely a mistake
- Fees shot up recently due to hype around Bitcoin Ordinals NFT-like assets
- Users can choose lower fees but risk delays or failed transactions
- Recent instances of accidental high fees show risk of user errors with Bitcoin transfers