05 March 2018 |

The cryptomarket was flooded by a wave of messages from leading exchanges concerning a reduction on the current Bitcoin withdraw commission. Almost all sites indicate one reason for the lower rates. SegWit’s protocol on Bitcoin’s Blockchain.

Bitfinex has confirmed that the commissions were reduced by 25%. Recently, a message was posted on their Twitter account, and now the commission is just 6 micro Bitcoins. Representatives of the exchange noted that they plan to further reduce commissions. Bitfinex added: "SegWit provides not only immediate benefit for users, but also a foundation for future Bitcoin developments".

A lower 5 micro Bitcoins commission is now being applied on the Binance exchange, the reduction was 50%, thus making their commissions even lower than Bitfinex’s.

The crypto-exchange Kraken on Twitter, published a statement announcing that their commission was also being lowered to 5 micro Bitcoins, and for Bitcoin Cash, it would be 1 micro Bitcoin.

The SegWit protocol eliminated many problems affecting Bitcoin, and also opened up opportunities for a significant network scaling and implementation of various innovative projects. For ordinary users, the main advantages are a potential transaction costs decrease, and a reduction in the waiting for confirmation, as well as in the already reduced Bitcoin commissions.

After the announcement of the start of SegWit's Bitfinex support, Coinbase and GDAX followed. Already on last week the number of SegWit-transactions exceeded 30% of the total number of transactions in the Bitcoin network. Will there be a commission decrease in the future? -only time will tell, but the prerequisites for this are already here. We follow these developments closely.

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