user113549: I'm new to crypto. Well, I bought some back in 2017, but just forgot about it.
I just opened a Wirex account and transferred some btc to Prime XBT. I thought it would be cheaper than using Coinbase, but ended up paying a fee of 0.000513 btc on about £100 worth of btc.
Isn't that expensive? Or has something gone wrong? Any guidance would be much appreciated.
Regards,
Marc

user-1: How to avoid paying high fees or use bitcoin in a better way:

Use bech32 addresses starting with bc1
Use RBF for all transactions
Use batching whenever possible
Consolidate UTXOs with 1-5 sat/vByte if you have lot of small inputs in wallet
Use open source wallets with active development: https://bitcoinwallet.guide
Check mempool and fee estimates on different sources before broadcasting a transaction. Few examples: https://mempool.observer https://mempool.space
Use LN when possible and prefer exchanges that support LN. Few are mentioned in this list: https://ln.guide/docs/EXCHANGES.html
Use L-BTC if you are okay with trade-offs using a federated bitcoin sidechain and exchange supports Liquid : https://docs.blockstream.com/liquid/liquid-integrations.html


113549: <p>I'm new to crypto. Well, I bought some back in 2017, but just forgot about it.</p>
<p>I just opened a Wirex account and transferred some btc to Prime XBT. I thought it would be cheaper than using Coinbase, but ended up paying a fee of 0.000513 btc on about £100 worth of btc.</p>
<p>Isn't that expensive? Or has something gone wrong? Any guidance would be much appreciated.</p>
<p>Regards,</p>
<p>Marc</p>
 -1: <p>How to avoid paying high fees or use bitcoin in a better way:</p>
<ol>
<li>Use bech32 addresses starting with bc1</li>
<li>Use RBF for all transactions</li>
<li>Use batching whenever possible</li>
<li>Consolidate UTXOs with 1-5 sat/vByte if you have lot of small inputs in wallet</li>
<li>Use open source wallets with active development: <a href="https://bitcoinwallet.guide" rel="nofollow noreferrer">https://bitcoinwallet.guide</a></li>
<li>Check mempool and fee estimates on different sources before broadcasting a transaction. Few examples: <a href="https://mempool.observer" rel="nofollow noreferrer">https://mempool.observer</a> <a href="https://mempool.space" rel="nofollow noreferrer">https://mempool.space</a></li>
<li>Use LN when possible and prefer exchanges that support LN. Few are mentioned in this list: <a href="https://ln.guide/docs/EXCHANGES.html" rel="nofollow noreferrer">https://ln.guide/docs/EXCHANGES.html</a></li>
<li>Use L-BTC if you are okay with trade-offs using a federated bitcoin sidechain and exchange supports Liquid : <a href="https://docs.blockstream.com/liquid/liquid-integrations.html" rel="nofollow noreferrer">https://docs.blockstream.com/liquid/liquid-integrations.html</a></li>
</ol>
