benjamin_doe_philosopher
Sat Jun 15 2024
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7 answers
1059
Do network fees go to Coinbase?
Could you clarify for me, does the money paid as network fees actually end up going to Coinbase? I've always been curious about this aspect of cryptocurrency transactions. It seems like these fees are a necessary evil when it comes to moving digital assets, but I'm not entirely sure where they ultimately land. If Coinbase indeed receives a portion of these fees, how does that benefit them as a platform? And, are there any transparency measures in place to ensure that these fees are being used appropriately? I'd appreciate any insights you can provide on this matter.
