I am trying a mobile wallet, so that I keep some bitcoin on my mobile phone. So I downloaded Coinbase wallet, and tried to transfer 0.001 bitcoins from my Coinbase or Coinbase Pro to the Coinbase wallet.
However, the bitcoin is worth about $35, and the Network fee is about $1.40, so I am paying 5% fees right there? There's more than an ATM that takes 3% of my hard earned cash. The money deposited in the bank for a whole year does not even get 2% interest.
Is there a way to transfer the money to my mobile wallet at a much lower fee? A fee that is lower than 1% is more acceptable.
P.S. I finally got more deposit already settled, so I can transfer about 0.009 bitcoins away, and the fee still seem to be $1.60 or so, so that is a lot more reasonable, at about 0.45%
I also was able to transfer 0.03 bitcoins out of my account, and the fee is 0.00005619 bitcoins. So the value of the transfer is $1,422.49 and the fee is $2.66, which is much more reasonable, at 0.187%