How much are Monero transaction fees?
Transaction fees paid (last 100 transactions)
Note that the "lowest" Bitcoin transaction fees paid figures can be misleading, becuase these "low fee" transactions usually cost far more due to their
fees being paid "off blockchain".
The table above shows live data on the transaction fees paid via Monero vs Bitcoin. Note that transaction
fees will increase if you increase the "priority" of the transaction. A higher priority will increase the fee
so that it successfully competes with other transactions to become part of the next block on the blockchain.
The transaction fee also increases if you are sending funds that you were originally sent via lots of tiny transactions. This is because
the size of the transaction data will be larger.
Monero has an adaptive block size, so most of the time you will not have to increase the priority of your transactions
and pay higher fees to get your transactions processed. However, Bitcoin currently has a fixed block size and the
number of transactions regularly exceeds the room available in the blocks that are mined. This means you need to take
care to increase your Bitcoin transaction fees to ensure they are processed within a reasonable timeframe.
Note that to support "microtransactions", Bitcoin and Monero are likely to support systems like the "Lightning network"
in order to radically reduce the cost of small payments in the future. Monero has an advantage here over Bitcoin,
because Bitcoin would need to support a technology called "SegWit" to allow for micropayments, and there is an
argument in the Bitcoin community that could prevent it from happening. See this article:
Segwit won't happen, says influential Chinese Bitcoin investor
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