How one Bitcoin user accidentally paid $60K in fees and how you can avoid it
CointelegraphTuesday, June 17, 2025 at 11:54:41 AM
A Bitcoin user accidentally shelled out a jaw-dropping $60,000 in transaction fees—yes, you read that right—because of a misunderstanding about how fee adjustments work. The article explains how the "Replace-by-Fee" (RBF) feature, which lets users bump up fees to speed up transactions, can backfire if you don’t grasp the nitty-gritty of how fees are calculated. It also offers tips to avoid making the same costly mistake.
Editor’s Note: This isn’t just a wild "oops" moment—it’s a cautionary tale for anyone dabbling in crypto. With transaction fees fluctuating and wallet interfaces varying wildly, a small slip-up can burn a hole in your wallet (literally). For crypto newbies and even seasoned users, it’s a reminder to double-check settings before hitting send.
— Curated via WP Now’s
