Transaction fees on the Bitcoin network can be a real pain point, especially for smaller transactions. We’re not all moving Saylor-sized stacks on-chain where any fee is a rounding error, and for the average pleb, the cost of block space matters.

If more people start using Bitcoin regularly, the cohort of fee-sensitive users will also increase, forcing them to move their transactions to layer-two solutions like Lightning or conduct relatively low-value transactions on sidechains.

Fee spikes or consistently higher fees impact some more than others; if you are technically savvy enough to move your activity to L2, that’s great; some prefer to remain inside walled gardens like exchanges, but what options are there for those who want to use the chain?

If you’re trading P2P, for example, every order you perform will settle as an on-chain transaction; if you look at any P2P order book on your preferred platform, the majority would be under $400, they can be as low as $30 to as high as $1000.

If you’re buying non-KYC Bitcoin for $200 to have some spending sats on hand, you’re probably paying a premium to the seller, platform fees, and then getting nailed by whatever the going rate for block space is. Trust me—I’ve been there—it’s painful to pay 20-30% in total fees for your purchase.

When you move Bitcoin on that scale, every saving helps.

• Fees can cut you deep
  • P2P premiums
  • Platform fees
  • Mining fees
• GroupHug: Collaborative Transactions for Lower Fees
  • Benefits of GroupHug for Peach Bitcoin Users
  • Important Considerations for GroupHug Users
• How does Peach use GroupHug?
• Do your own research

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