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Binance transferred Bitcoins for $ 1.26 billion with a commission of $ 124.6

Tuesday, 04 June 2019

The largest cryptocurrency exchange Binance has transferred Bitcoins worth $ 1.26 billion from one wallet to another. The amount of commissions was only $ 124.6.

#Binance just moved a mind-blowing $1.26 billion worth of #Bitcoin – and it paid just $124.60 in network fees for the service. Tell us again why we need banks and huge fees.#BTC #crypto #cryptocurrency
— Weiss Ratings (@WeissRatings) May 30, 2019

The transfer of funds reported rating agency Weiss Ratings. Representatives of the agency noted that only $ 124.6 spent on the transfer of such a large amount, so for the transfer of big money, banks with their huge commissions no longer needed.

200 millions XRP for only 9$ .... It's good to mention it also...#XRP #xrpcommunity #xrparmy
— Brad Garlickmouss XRP (@gregoire_jobin) May 30, 2019

The message did not go unnoticed by XRP supporters, which is positioned as an "ideal medium for international transfers." They said that Ripple is suitable for transfers no worse than Bitcoin, and there will be even less commission.

However, in cryptocurrencies, inexplicable transactions sometimes happen with an inadequate amount of commission. So, recently an unknown sender transferred a transaction in the amount of 8.88 LTC (~ $ 1000) and paid a fee of LTC 200 (more than $ 22,000).

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