{"id":9866,"date":"2018-10-30T00:00:00","date_gmt":"2018-10-30T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/10\/30\/monero-xmr-reduction-of-transaction-fees-in-kraken\/"},"modified":"2018-10-30T00:00:00","modified_gmt":"2018-10-30T00:00:00","slug":"monero-xmr-reduction-of-transaction-fees-in-kraken","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/monero-xmr-reduction-of-transaction-fees-in-kraken\/","title":{"rendered":"Monero [XMR] Reduction of transaction fees in Kraken"},"content":{"rendered":"<p style=\"text-align: justify\">Despite the very intense and aggressive competition in the cryptocurrency industry, there\u2019s good news for Monero (XMR) users as the cryptocurrency exchange, <strong><a href=\"https:\/\/crypto-economy.com\/kraken-defends-itself-from-manipulation-accusations-by-bloomberg\/\">Kraken<\/a> <\/strong>lowers Monero\u2019s withdrawal fees. Different exchanges have reduced the withdrawal fees too.<!--more--><\/p>\n<h2 style=\"text-align: justify\"><b>The Beryllium Bullet<\/b><\/h2>\n<p style=\"text-align: justify\">After the Beryllium Bullet aka Hard Fork was released, <strong>Bittrex<\/strong> announced the reduction of fees to almost nil \u2013 0.0001 XMR. Shortly after, <strong>Binance<\/strong> published its decision to also reduce withdrawal fees. <strong>Poloniex<\/strong> followed the trend by reducing the fee from 0.04 XMR to 0.0001 XMR.<\/p>\n<p style=\"text-align: justify\">The Monero XMR market has been on the go down for a while now hence the recent upgrade of Monero blockchain is good news for XMR users. The Hard Fork will greatly improve the level of security and anonymity as well as optimize its mining algorithm to bring down costs. The Monero Community goes to a higher level due to this update.<\/p>\n<p><a href=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/monero-blocks-2.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-111332\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/monero-blocks-2.jpg\" alt=\"Good News for Monero XMR Users \" width=\"696\" height=\"433\" \/><\/a><\/p>\n<p style=\"text-align: justify\"><strong>XRM<\/strong> users have seen a lower transaction fees and an increased speed in the confirmation of transactions. This has been all due to the implementation of Bulletproofs. This new Beryllium Bullet has a <strong><a href=\"https:\/\/crypto-economy.com\/monero-continues-to-push-the-highest-privacy-with-blackball-and-bulletproof\/\">bulletproof<\/a> <\/strong>which reduces the transaction size of one output from the previous 7kb to 2kb and two outputs from the previous 13kb to 2.5kb. This reduces transaction fees by almost 95%.<\/p>\n<p style=\"text-align: justify\">The outlook has been exceptionally positive that XMR managed to climb to number 10 on the global market cap. <span id=\"result_box\" class=\"\" lang=\"en\"><span class=\"\">Monero XMR is now trading at $ 101.61 per token with a total market capital of almost $ 1.7 billion.<\/span><\/span><\/p>\n<h2 style=\"text-align: justify\"><b>Good News for Monero XMR Users <\/b><\/h2>\n<p style=\"text-align: justify\">The Monero coin has been striving to overcome the 1% downward drift from the last few days and it finally has welcoming news for its users. The Monero Community took the news as a good sign for the future of XMR . Despite the worsening trend of the market, the price of XRM has maintained stability. This shows that Monero has been able to take the bull by its horns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the very intense and aggressive competition in the cryptocurrency industry, there\u2019s good news for Monero (XMR) users as the cryptocurrency exchange, Kraken lowers Monero\u2019s withdrawal fees. Different exchanges have reduced the withdrawal fees too.<\/p>\n","protected":false},"author":4,"featured_media":9868,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,74,81],"tags":[4769,5001,4885],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/9866"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=9866"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/9866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/9868"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=9866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=9866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=9866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}