12/12/2017
Bitcoin Transaction Fees are rewards for miners for validating your transactions with in the blockchain public ledger. And also, the higher the fees, the faster it will be confirmed by miners.
Due to number of transactions on Bitcoin nowadays, it's getting harder sending Bitcoins to other wallets with low transactions fees. There are possibilities and confirmed reports that some transactions wont be processed/confirmed due to very low transaction fees on mBTC.ph.
However, we will still maintain the "BTC 0.0002" transaction fees to minimize the amount lost when sending to other wallets. Until we implemented the mBTC.ph wallet with custom transactions fees, we encourage our dear mBTC.ph wallet users to HODL while we are upgrading the system. Please bear with us.
Thank you!
- mBTC.ph