Cryptocurrency Q&A
Why does Bitcoin have high fees?
Why does Bitcoin have high fees?
AzureWave
Sat Nov 30 2024
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5 answers
1007
I've been noticing that when I use Bitcoin, the transaction fees seem to be quite high. I'm wondering why this is the case, especially compared to other payment methods.
5 answers
Michele
Mon Dec 02 2024
These higher value transactions consequently consume more data.
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CryptoAlchemyMaster
Mon Dec 02 2024
Transactions consist of data measured in bytes.
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MichaelSmith
Mon Dec 02 2024
The complexity of a transaction determines the amount of data it involves.
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Stefano
Mon Dec 02 2024
More intricate transactions, due to their higher data requirement, incur greater costs.
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Raffaele
Mon Dec 02 2024
Typically, transactions of higher value involve more bitcoin.
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