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This means that to get your transaction processed quickly you will have to outbid other users. Bitcoinist tested this, sending 10,000 USD using Edge Wallet forex signals binary which allows you to set custom fees at the 1 satoshi per byte as suggested above. Is SegWit Taking Effect? Let us know in the comments: Images courtesy of Shutterstock, Twitter, the Rundown. It has been integrated in recent months by a number of major exchanges such as Bitstamp and Coinbase to process a large volume of transactions in order to save users money. March 30, 2019, 07:15:46 AM (Moderator: achow101 ) Author, topic: Today fee of bitcoin transactions is increased (Read 467 times). Lower Volumes Mean Lower Transaction Fees. When making a Bitcoin transaction, recipients usually require somewhere between 2 and 6 confirmations to consider the transaction as valid.