I took part in a token sale yesterday and reviewing the transaction information I see this:
Value: 0.2 Ether ($55.38) Gas Limit: 82311 Gas Price: 0.000000024 Ether Gas Used By Txn: 82310 Actual Tx Cost/Fee: 0.00197544 Ether ($0.55) Cumulative Gas Used: 124310
Isn't the transaction fee way too high? Here was said that a typical transaction cost would be around 0.001 USD. In my case it was around 50 times that value. And given that I sent 0.2 ETH, the fee was of almost a 1%, a lot. Is this the norm now or my case was an isolated one?
Please, correct me if I'm getting something wrong, but cryptocurrencies are willing to replace the banking system, while SEPA transfers are free, a 1% fee per transaction will make that pretty impossible IMHO.
Thanks for your answers!