https://help.bittylicious.com/index.php?title=Why_do_Bitcoins_on_Bittylicious_cost_so_much%3F&feed=atom&action=historyWhy do Bitcoins on Bittylicious cost so much? - Revision history2024-03-28T23:21:33ZRevision history for this page on the wikiMediaWiki 1.40.1https://help.bittylicious.com/index.php?title=Why_do_Bitcoins_on_Bittylicious_cost_so_much%3F&diff=864&oldid=prevAstropoint at 14:08, 6 April 20212021-04-06T14:08:07Z<p></p>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Before asking this question, you should understand how Bittylicious works.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Before asking this question, you should understand how Bittylicious works.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>Bittylicious actually works as a marketplace with many different Bitcoin <del style="font-weight: bold; text-decoration: none;">sellers </del>on the back end. They can each choose their own price and the <del style="font-weight: bold; text-decoration: none;">cheapest </del>one is provided to you, the <del style="font-weight: bold; text-decoration: none;">buyer</del>. This means that the price is the <del style="font-weight: bold; text-decoration: none;">cheapest </del>price that the <del style="font-weight: bold; text-decoration: none;">sellers </del>are willing to <del style="font-weight: bold; text-decoration: none;">sell </del>at. The price is ''not'' controlled by Bittylicious itself and there is no fixed price formula.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>Bittylicious actually works as a marketplace with many different Bitcoin <ins style="font-weight: bold; text-decoration: none;">brokers </ins>on the back end. They can each choose their own price and the <ins style="font-weight: bold; text-decoration: none;">best </ins>one is provided to you, the <ins style="font-weight: bold; text-decoration: none;">user</ins>. This means that the price <ins style="font-weight: bold; text-decoration: none;">shown </ins>is the <ins style="font-weight: bold; text-decoration: none;">best </ins>price that the <ins style="font-weight: bold; text-decoration: none;">brokers </ins>are willing to <ins style="font-weight: bold; text-decoration: none;">trade </ins>at. The price is ''not'' controlled by Bittylicious itself and there is no fixed price formula.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Often, the price is a bit more than some of the large exchanges out there, and to do a fair comparison you would need to compare it with GBP sites based in the UK.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Often, the price is a bit more than some of the large exchanges out there, and to do a fair comparison you would need to compare it with GBP sites based in the UK.</div></td></tr>
</table>Astropointhttps://help.bittylicious.com/index.php?title=Why_do_Bitcoins_on_Bittylicious_cost_so_much%3F&diff=672&oldid=prevAstropoint: /* Small Trades */2018-07-27T17:19:47Z<p><span dir="auto"><span class="autocomment">Small Trades</span></span></p>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Those costs, including time costs, all add up. We believe Bittylicious offers the easiest way for people to buy Bitcoins and sometimes this can come at a little extra cost.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Those costs, including time costs, all add up. We believe Bittylicious offers the easiest way for people to buy Bitcoins and sometimes this can come at a little extra cost.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>===<del style="font-weight: bold; text-decoration: none;">Small Trades</del>===</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>===<ins style="font-weight: bold; text-decoration: none;">Transaction fees</ins>===</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>As well as the costs listed above, the Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. <del style="font-weight: bold; text-decoration: none;">These have been [https://bitcoinfees</del>.<del style="font-weight: bold; text-decoration: none;">info/ rising] at an incredible amount </del>at times<del style="font-weight: bold; text-decoration: none;">, and during periods </del>of <del style="font-weight: bold; text-decoration: none;">exceptionally high activity </del>on the network<del style="font-weight: bold; text-decoration: none;">, transaction </del>have been <del style="font-weight: bold; text-decoration: none;">known to cost £20 </del>(<del style="font-weight: bold; text-decoration: none;">or [https://bitcoinfees.info a lot more]</del>) <del style="font-weight: bold; text-decoration: none;">to send, although the exact amount does change alot. For small trades, e.g. a £25 trade, this can end up being a huge proportion of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission </del>and <del style="font-weight: bold; text-decoration: none;">their profit. Please expect small trades to have a very large margin on them until a solution </del>to the <del style="font-weight: bold; text-decoration: none;">[https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found</del>.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>As well as the costs listed above, the Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. <ins style="font-weight: bold; text-decoration: none;">Bittylicious uses the recommended fee set by the Bitcoin core client to get a transaction confirmed quickly, although if there are unexpected spikes in network activity or a lack of blocks it can take a little longer</ins>. <ins style="font-weight: bold; text-decoration: none;"> Generally these fees are not particularly high, however </ins>at times of <ins style="font-weight: bold; text-decoration: none;">extreme load </ins>on the network <ins style="font-weight: bold; text-decoration: none;">(eg. December 2017) these </ins>have <ins style="font-weight: bold; text-decoration: none;">however </ins>been <ins style="font-weight: bold; text-decoration: none;">exceptionally high </ins>(<ins style="font-weight: bold; text-decoration: none;">~£25</ins>) and <ins style="font-weight: bold; text-decoration: none;">would always need </ins>to <ins style="font-weight: bold; text-decoration: none;">be included within </ins>the <ins style="font-weight: bold; text-decoration: none;">price</ins>.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Estimates of the current network fees are available can be viewed at [https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m BitInfoCharts].</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Estimates of the current network fees are available can be viewed at [https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m BitInfoCharts].</div></td></tr>
</table>Astropointhttps://help.bittylicious.com/index.php?title=Why_do_Bitcoins_on_Bittylicious_cost_so_much%3F&diff=671&oldid=prevAstropoint at 17:25, 19 July 20182018-07-19T17:25:56Z<p></p>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>As well as the costs listed above, the Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] at an incredible amount <del style="font-weight: bold; text-decoration: none;">recently</del>, and <del style="font-weight: bold; text-decoration: none;">each </del>transaction <del style="font-weight: bold; text-decoration: none;">often costs around </del>£20 (or [https://bitcoinfees.info a lot more]) to send<del style="font-weight: bold; text-decoration: none;">. This value changes a lot</del>, <del style="font-weight: bold; text-decoration: none;">and has been £30 for each transaction before</del>. For small trades, e.g. a £25 trade, this can <del style="font-weight: bold; text-decoration: none;">be </del>a huge <del style="font-weight: bold; text-decoration: none;">proprtion </del>of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>As well as the costs listed above, the Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] at an incredible amount <ins style="font-weight: bold; text-decoration: none;">at times</ins>, and <ins style="font-weight: bold; text-decoration: none;">during periods of exceptionally high activity on the network, </ins>transaction <ins style="font-weight: bold; text-decoration: none;">have been known to cost </ins>£20 (or [https://bitcoinfees.info a lot more]) to send, <ins style="font-weight: bold; text-decoration: none;">although the exact amount does change alot</ins>. <ins style="font-weight: bold; text-decoration: none;"> </ins>For small trades, e.g. a £25 trade, this can <ins style="font-weight: bold; text-decoration: none;">end up being </ins>a huge <ins style="font-weight: bold; text-decoration: none;">proportion </ins>of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Estimates of the current network fees are available can be viewed at [https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m BitInfoCharts].</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Estimates of the current network fees are available can be viewed at [https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m BitInfoCharts].</div></td></tr>
</table>Astropointhttps://help.bittylicious.com/index.php?title=Why_do_Bitcoins_on_Bittylicious_cost_so_much%3F&diff=619&oldid=prevCocodude at 11:34, 19 January 20182018-01-19T11:34:28Z<p></p>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>As well as the costs listed above, the Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] at an incredible amount recently, and each transaction often costs around £20 (or [https://bitcoinfees.info a lot more]) to send. This value changes a lot, and has been £30 for each transaction before. For small trades, e.g. a £25 trade, this can be a huge proprtion of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>As well as the costs listed above, the Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] at an incredible amount recently, and each transaction often costs around £20 (or [https://bitcoinfees.info a lot more]) to send. This value changes a lot, and has been £30 for each transaction before. For small trades, e.g. a £25 trade, this can be a huge proprtion of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Estimates of the current network fees are available can be viewed at [https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m BitInfoCharts].</ins></div></td></tr>
</table>Cocodudehttps://help.bittylicious.com/index.php?title=Why_do_Bitcoins_on_Bittylicious_cost_so_much%3F&diff=606&oldid=prevCocodude: /* Small Trades */2018-01-02T10:49:19Z<p><span dir="auto"><span class="autocomment">Small Trades</span></span></p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 10:49, 2 January 2018</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">The </del>Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] at an incredible amount recently, and each transaction often costs around £20 (or [https://bitcoinfees.info a lot more]) to send. This value changes a lot, and has been £30 for each transaction before. For small trades, e.g. a £25 trade, this can be a huge proprtion of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">As well as the costs listed above, the </ins>Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] at an incredible amount recently, and each transaction often costs around £20 (or [https://bitcoinfees.info a lot more]) to send. This value changes a lot, and has been £30 for each transaction before. For small trades, e.g. a £25 trade, this can be a huge proprtion of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td></tr>
</table>Cocodudehttps://help.bittylicious.com/index.php?title=Why_do_Bitcoins_on_Bittylicious_cost_so_much%3F&diff=600&oldid=prevCocodude at 13:58, 21 December 20172017-12-21T13:58:47Z<p></p>
<table style="background-color: #fff; color: #202122;" data-mw="interface">
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 13:58, 21 December 2017</td>
</tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l24">Line 24:</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] at an incredible amount recently, and each transaction often costs around £20 (or [https://bitcoinfees.info a lot more] to send. This value changes a lot, and has been £30 for each transaction before. For small trades, e.g. a £25 trade, this can be a huge proprtion of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>The Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] at an incredible amount recently, and each transaction often costs around £20 (or [https://bitcoinfees.info a lot more]<ins style="font-weight: bold; text-decoration: none;">) </ins>to send. This value changes a lot, and has been £30 for each transaction before. For small trades, e.g. a £25 trade, this can be a huge proprtion of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td></tr>
</table>Cocodudehttps://help.bittylicious.com/index.php?title=Why_do_Bitcoins_on_Bittylicious_cost_so_much%3F&diff=599&oldid=prevCocodude at 13:58, 21 December 20172017-12-21T13:58:24Z<p></p>
<table style="background-color: #fff; color: #202122;" data-mw="interface">
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 13:58, 21 December 2017</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] at an incredible amount recently, and each transaction often costs around <del style="font-weight: bold; text-decoration: none;">£3 </del>(or <del style="font-weight: bold; text-decoration: none;">alot </del>more<del style="font-weight: bold; text-decoration: none;">) </del>to send. This value changes a lot, and has been £30 for each transaction before. For small trades, e.g. a <del style="font-weight: bold; text-decoration: none;">£20 </del>trade, this can be a huge proprtion of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>The Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] at an incredible amount recently, and each transaction often costs around <ins style="font-weight: bold; text-decoration: none;">£20 </ins>(or <ins style="font-weight: bold; text-decoration: none;">[https://bitcoinfees.info a lot </ins>more<ins style="font-weight: bold; text-decoration: none;">] </ins>to send. This value changes a lot, and has been £30 for each transaction before. For small trades, e.g. a <ins style="font-weight: bold; text-decoration: none;">£25 </ins>trade, this can be a huge proprtion of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td></tr>
</table>Cocodudehttps://help.bittylicious.com/index.php?title=Why_do_Bitcoins_on_Bittylicious_cost_so_much%3F&diff=598&oldid=prevAstropoint at 22:33, 20 December 20172017-12-20T22:33:58Z<p></p>
<table style="background-color: #fff; color: #202122;" data-mw="interface">
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 22:33, 20 December 2017</td>
</tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l24">Line 24:</td>
<td colspan="2" class="diff-lineno">Line 24:</td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] an incredible amount recently, and each transaction often costs around £3 to send. This value changes a lot, and has been £30 for each transaction before. For small trades, e.g. a £20 trade, this can be a huge proprtion of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>The Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] <ins style="font-weight: bold; text-decoration: none;">at </ins>an incredible amount recently, and each transaction often costs around £3 <ins style="font-weight: bold; text-decoration: none;">(or alot more) </ins>to send. This value changes a lot, and has been £30 for each transaction before. For small trades, e.g. a £20 trade, this can be a huge proprtion of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td></tr>
</table>Astropointhttps://help.bittylicious.com/index.php?title=Why_do_Bitcoins_on_Bittylicious_cost_so_much%3F&diff=586&oldid=prevCocodude at 07:52, 1 December 20172017-12-01T07:52:35Z<p></p>
<table style="background-color: #fff; color: #202122;" data-mw="interface">
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<col class="diff-marker" />
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 07:52, 1 December 2017</td>
</tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l24">Line 24:</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] an incredible amount recently, and each transaction often costs around <del style="font-weight: bold; text-decoration: none;">$2 or close to £2 </del>to send. For small trades, e.g. a £20 trade, this can be <del style="font-weight: bold; text-decoration: none;">10% </del>of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>The Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee for transactions to be sent and included in a Bitcoin block. These have been [https://bitcoinfees.info/ rising] an incredible amount recently, and each transaction often costs around <ins style="font-weight: bold; text-decoration: none;">£3 </ins>to send<ins style="font-weight: bold; text-decoration: none;">. This value changes a lot, and has been £30 for each transaction before</ins>. For small trades, e.g. a £20 trade, this can be <ins style="font-weight: bold; text-decoration: none;">a huge proprtion </ins>of the costs before the broker even has to factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to the [https://www.cryptocoinsnews.com/urgent-necessity-of-a-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] is found.</div></td></tr>
</table>Cocodudehttps://help.bittylicious.com/index.php?title=Why_do_Bitcoins_on_Bittylicious_cost_so_much%3F&diff=511&oldid=prevCocodude at 16:04, 23 June 20172017-06-23T16:04:02Z<p></p>
<table style="background-color: #fff; color: #202122;" data-mw="interface">
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<col class="diff-marker" />
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<tr class="diff-title" lang="en-GB">
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 16:04, 23 June 2017</td>
</tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l24">Line 24:</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>===Small Trades===</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Trades </del>for <del style="font-weight: bold; text-decoration: none;">smaller amounts will cost significantly more current </del>in <del style="font-weight: bold; text-decoration: none;">terms of the price</del>/<del style="font-weight: bold; text-decoration: none;">BTC</del>. <del style="font-weight: bold; text-decoration: none;"> Transaction fees on the network are very high </del>and this has to <del style="font-weight: bold; text-decoration: none;">be included within </del>the <del style="font-weight: bold; text-decoration: none;">price shown which for smaller percentages </del>of a <del style="font-weight: bold; text-decoration: none;">BTC can mean the rate </del>is <del style="font-weight: bold; text-decoration: none;">increased significantly</del>.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">The Bitcoin network has a concept of ''transaction fees'', which originally was designed to be a small fee </ins>for <ins style="font-weight: bold; text-decoration: none;">transactions to be sent and included </ins>in <ins style="font-weight: bold; text-decoration: none;">a Bitcoin block. These have been [https:/</ins>/<ins style="font-weight: bold; text-decoration: none;">bitcoinfees</ins>.<ins style="font-weight: bold; text-decoration: none;">info/ rising] an incredible amount recently, </ins>and <ins style="font-weight: bold; text-decoration: none;">each transaction often costs around $2 or close to £2 to send. For small trades, e.g. a £20 trade, </ins>this <ins style="font-weight: bold; text-decoration: none;">can be 10% of the costs before the broker even </ins>has to <ins style="font-weight: bold; text-decoration: none;">factor in their risk costs, FX costs, bank transfer costs, our commission and their profit. Please expect small trades to have a very large margin on them until a solution to </ins>the <ins style="font-weight: bold; text-decoration: none;">[https://www.cryptocoinsnews.com/urgent-necessity-</ins>of<ins style="font-weight: bold; text-decoration: none;">-</ins>a<ins style="font-weight: bold; text-decoration: none;">-scaling-solution-recommended-bitcoin-fees-go-past-2/ scaling crisis] </ins>is <ins style="font-weight: bold; text-decoration: none;">found</ins>.</div></td></tr>
</table>Cocodude