BTC and ETH Transaction Fees Down 80%

The fall in Bitcoin (BTC) and Ethereum (ETH) prices has led to a significant reduction in processing feestransactions.

According to the BitinfoCharts service, on average, fees have fallen by 80% compared to the maximum values ​​recorded at the end of last month.

Now you have to pay $11.34 to process a Bitcoin transaction. For comparison — at the end of April this figure reached $62.7. Ethereum fees dropped from $60 to $20.

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Note that on Monday, May 17, Bitcoin andEther fell in price to $44,000 and $3,400. The Bitcoin dominance index continues to decline, today the figure is 39.9%, having fallen by 70% since December, analysts note.

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By contrast, ETH's market share has grown significantly over the past few months. This trend was the result of a surge in transactional activity on the network and the soaring price of the largest altcoin.

Ether Dominance Index reached 19.03% &#8212; This is the highest value since winter 2018.

Currently, on average, the Ethereum network processes1.425 million transactions per day. User activity is weakening against the backdrop of falling altcoin prices. According to EtherScan, at its peak, the ETH network processed more than 1.71 million transactions daily.

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Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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