Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin and Ethereum transaction fees fall under $2 in January 2025

Bitcoin and Ethereum transaction fees fall under $2 in January 2025

GrafaGrafa2025/01/07 11:30
By:Mahathir Bayena

Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) network fees have remained relatively low in the first week of January 2025, despite the rise in cryptocurrency prices.

The average transaction fee on the Bitcoin network during the first week of 2025 was $1.40, while Ethereum’s fees were slightly lower during the same period.

The Bitcoin transaction fee, currently at 0.000013 BTC, equates to $1.34, marking a significant decrease from the previous 30-day average of $3.085 per transaction.

This recent drop is a stark contrast to the highest fee seen in the last 30 days, which reached $5.927 on December 2, 2024.

The lowest fee during this period, excluding the current figure, was recorded at $1.431 on November 17, 2024.

Ethereum’s transaction fees have remained consistently lower than Bitcoin's.

The 30-day average fee for Ethereum stood at $1.093 per transaction.

However, for the first five days of January 2025, the average fee increased slightly to $1.104.

The highest fee in the past 30 days for Ethereum occurred on December 9, 2024, at $1.606, while the lowest was $0.7158 on November 29, 2024.

As of January 6, 2025, the average Ethereum fee was recorded at 19.76 gwei, which equals $1.88 per transaction.

These figures only account for the cost of transferring ether and do not include the fees for decentralised exchange (DEX) swaps, which are around $27.97 per transaction, or NFT sales, which incur a fee of about $47.26.

Bitcoin’s transaction fees have decreased since mid-December, though the unconfirmed transaction backlog has increased to 189,794.

The median fee for Bitcoin transactions is currently $0.57.

At the time of reporting, the Bitcoin (BTC) price was $101,841, and the Ethereum (ETH) price was $3,674.30.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!