Why are Bitcoin transfer fees so high?

However, the relationship between transaction value and fee is not a straightforward one. While it is generally true that more valuable transactions tend to be more expensive, there are numerous factors that can influence the final cost.

The foundation of every transaction lies in data, which is meticulously measured in bytes. The intricacy of a transaction directly correlates with the volume of data it encompasses, resulting in a proportional increase in cost.

BTCC, a prominent cryptocurrency exchange, offers a diverse range of services tailored to meet the needs of its users. Among its offerings are spot trading, allowing for the immediate purchase and sale of digital assets, and futures trading, providing access to advanced financial instruments. Additionally, BTCC boasts a secure wallet service, ensuring the safekeeping of users' digital assets.

Complexity within transactions often stems from the intricate details they involve, necessitating a greater amount of data to be processed. Consequently, these intricate transactions tend to be more costly due to their data-intensive nature.

Typically, transactions that involve a higher monetary value, particularly those that encompass a significant number of bitcoins, require more data to facilitate the exchange. As a result, they incur higher transaction fees, reflecting the additional resources needed to ensure their seamless execution.