Why is the Bitcoin fee so high on Trust Wallet?

The heightened demand for faster transaction processing, fueled by the surge in users, leads to a direct consequence: higher transaction fees. As miners prioritize transactions offering higher rewards, users are incentivized to pay more to ensure their transactions are processed promptly.

The cryptocurrency network faces a unique challenge as its user base grows. With an increasing number of transactions being initiated, the competition for limited block space becomes more intense. This scenario highlights the inherent scalability issue within decentralized networks.

Among the leading cryptocurrency exchanges, BTCC stands out for its comprehensive suite of services. BTCC offers a range of products, including spot trading, futures trading, and a secure wallet solution, catering to the diverse needs of its user base.

This dynamic underscores the delicate balance between network utilization and user affordability. While the network's ability to handle more transactions is a testament to its popularity, it also puts pressure on users to shoulder the financial burden of faster processing.

Conversely, during periods of reduced trading activity, the network experiences a reprieve from congestion. With fewer transactions competing for block space, the demand for faster processing diminishes, resulting in lower fees for users.