[HOT] Bitcoin whale transfers over $ 490 million between Bittrex and anonymous wallet address at extremely low fees

On February 16, Whale Alert detected a suspicious Bitcoin whale transaction. An anonymous user performs this transaction. He transferred a total of $ 490,595,680 (equivalent to 48,952,168 BTC) with only 0.000067 BTC (equivalent to $ 0.000668325). After that, the money continued to be transferred from Bittrex to an anonymous wallet.

Bitcoin whale has transferred $ 490,595,680 for only 0.000067 BTC

Bitcoin almost receives countless daily criticisms of payment. Especially when it comes to transaction fees and network processing speed. If you put the Bitcoin network on the scale with other top cryptocurrencies with the same payment function. This market-leading cryptocurrency always looks inferior.

On February 16, Whale Alert detected a suspicious Bitcoin whale transaction. An anonymous user performs this transaction. He transferred a total of $ 490,595,680 (equivalent to 48,952,168 BTC) with only 0.000067 BTC (equivalent to $ 0.000668325). After that, the money continued to be transferred from Bittrex to an anonymous wallet.

It is perfectly normal for these large-sized deals to appear in the market regularly. However, this transfer is “completely unusual.” An anonymous user has made transactions without providing personal identification details or registering for transfers with international and local financial management agencies.

He transferred more than $ 490 million for a small fee. If he chose to send money via Western Union, TransferWise, or some traditional banking organization, the transaction fee would be much higher. Not to mention the complicated paperwork procedures. But he chose Bitcoin. And so we have something to discuss.

48,952,168 BTC were transferred today with just one transaction. More than $ 490 million was shipped for a small transaction fee, and the waiting time was short. No government, bank, or third party confirmed the transaction. Like they can’t interfere no matter where they want to go. This is the real power of Bitcoin.

Bitcoin beats every opponent

This is not the first time such a significant transaction appears. It was not the first time transaction fees had stunned people. After digging into the costs, analysts realized that a user was looking to transfer $ 1 million of Bitcoin through TransferWise. Of course, they paid a considerable fee. Although TransferWise is the largest international money transfer service today. However, it is undeniable that sometimes the transaction fee makes people bored.

When using TransferWise, the sender will be charged 0.36%, equivalent to $ 3,628. This rate applies to a transfer of $ 490,595,680 million, meaning that the sender must pay $ 1,766,144.

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