SamsungShine
Fri Sep 06 2024
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6 answers
1146
Who pays the Bitcoin transaction fee sender or receiver?
I'm curious about the mechanics of Bitcoin transactions. In a typical Bitcoin transfer, who is responsible for paying the transaction fee - is it the sender or the receiver of the funds? How does this work in practice, and why does it matter who pays the fee? Additionally, can you explain how transaction fees are calculated, and what factors influence their amount? Understanding these details will help me better grasp the economics of Bitcoin transactions.
Lucia
Tue Sep 03 2024
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5 answers
1020
Does the sender or receiver pay Bitcoin fees?
So, the question is, who foots the bill for Bitcoin fees - the sender or the receiver? It's an important distinction to make, especially when considering the costs associated with transactions. On the one hand, it would seem logical that the sender would be responsible for covering the fees, as they're the ones initiating the transfer. However, it's also possible that the receiver could be expected to pay, depending on the terms of the transaction. Can you clarify who typically bears the cost of Bitcoin fees?
TaekwondoPower
Mon Sep 02 2024
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7 answers
1213
Who pays the Bitcoin transaction fee, sender or receiver?
Can you clarify for me who exactly bears the responsibility of paying the Bitcoin transaction fee? Is it the sender who initiates the transfer, or does the burden fall on the receiver who ultimately receives the funds? I'm curious about the mechanics behind this process and how it ensures the smooth functioning of the Bitcoin network.
