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RE: My Experience on LEODEX.io on 04/12/2024 including Cacaoswap & Keystore wallet.

in LeoFinance2 years ago (edited)

I agree.
I didn't compete the transaction.

Good Observation and valid concern about cost.
It points out a key concept for peer to peer wallet swaps and both their safety and cost.
The cost on the Bitcoin network for that trabnsaction was $41 dollars.
We know the Hive fee is zero.
But that fee is variable, based on time of proposed transaction, but it is a very significant amount of money, so I didn't pull the trigger.
Interestingly, I created, but didn't complete transactions for 50$ worth of Hive to Bitcoin, 100$ worth of Hive to Bitcoin and 200$ worth of Hive to Bitcoin and each time it was $41 dollars, s
so since we know Hive fees are zero, the fees are all in the Bitcoin network, and for what it's worth a larger amount of Hive, like $1000 and paying $41 dollars seems more reasonable, but Hive has spoiled us with fast, free transactions.

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Indeed.
BTW, thanks for voting!

Your welcome. Thank you.