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Author: Admin | 2025-04-28
Currently trading Ethereum-based cryptocurrencies faces similar issues. It’s just that Coinbase is no longer willing to bear these costs for users.Why are Coinbase Wallet Miner Fees so High?The main reason bitcoin mining fees are high is supply and demand. The bitcoin block size is 1MB, meaning that miners can only confirm 1MB of transactions per block (one block every ten minutes).How to Reduce your High Coinbase Wallet Miner Fees?The best way to reduce your mining or gas fees is to trade during off-peak hours. Although the crypto market is open 24/7, the early morning hours between 1am and 8am ET typically have the lowest volume. In contrast, evenings and late afternoons seem to be busiest.Some days are also less busy. Sunday usually sees lower trading volume than the rest of the week. However, since crypto is a very news-driven market, a big new over the weekend could send gas costs skyrocketing.The long-awaited Ethereum update, Ethereum 2.0, promises a significant reduction in fees on the platform. In contrast, all other tokens built on Ethereum (also known as ERC-20 tokens) will also have lower gas fees when this new update goes into effect. The Ethereum 2.0 implementation is expected to happen later this year. Until then, crypto investors on every exchange will just have to wait.
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