Why is my Bitcoin miner fee so high?
Miners utilize fees to prioritize transactions. Transactions with higher miner fees are given higher priority.
Transaction fees also depends on the data volume of a transaction and the network congestion. In case of network congestion, transaction fees tend to be higher.
Reasons why Bitcoin transaction fees are in peak
- The launch of BRC-20
Due to the introduction of BRC-20 tokens, the Bitcoin network has experienced congestion and additional strain. This congestion has led to higher transaction fees, as is commonly observed when network load is high on the Bitcoin blockchain.
- Bitcoin Ordinals
As the creation and trading of Ordinals on the Bitcoin blockchain persist, the network load remains elevated, resulting in higher transaction fees for users, as is typically observed in such situations.
If you have any further questions or need clarification, please don't hesitate to contact the Yellow Card support team for assistance.