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    How to Monitor Bitcoin (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV) Transaction Fees in 2019

    High transaction fees across traditional markets have hampered the system’s growth in some quarters as users find the costs unattainable and extremely unprofitable. The rise of blockchains in the past decade, however, gives users the freedom to spend their currencies at the lowest possible fees as the system relies on peer to peer transactions without the need of an intermediary.

    However, some of the coins such as Bitcoin (BTC) have serious issues on spiked transaction fee rates at times which has been a concern for most of the digital asset users. Here is how to follow the transaction fees to avoid spiked rates when making payments using BTC and Bitcoin Cash (BCH).

    Coindance Offers Comprehensive Transaction Fee Charts

    Coindance is a comprehensive Bitcoin, Bitcoin Cash, and Bitcoin Satoshi Vision website. The site offers details on the current hash rates, proof of work, profitability, block sizes, fees, and other block details. The site offers a live feed of the daily average transaction fees. As seen from the chart below, the volatility of both coin’s fees is stable in the past 4 or so months, since November 2018.

    C:\Users\USER\Downloads\coin-dance-bitcointransactionfees.jpg

    Chart showing the daily average transaction fees of BTC and BCH

    Bitcoin is currently at its highest point with fees averaging $1.5 USD while the BCH fees are a mere 2 cents. The prices have hiked in the past few days following the recent bullish momentum being experienced in the cryptocurrency field. With the run expected in the coming months, it will be crucial to follow the fees on Coindance to keep yourself updated.

    Bitcoin users complained about the lag and high transaction fees charged during the last rally. If the market is to enter in another rally users expect such problems to be dealt with in the coming weeks to avoid costly fees when transacting using BTC or BCH or BSV.

    BTC Price Prediction: Today's Top Crypto ETH, NEO, and XRP Technical Analysis

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    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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