Cryptocurrency Q&A Who should pay the transaction fee?

Who should pay the transaction fee?

CryptoVisionary CryptoVisionary Thu Sep 05 2024 | 6 answers 985
I'm curious, who exactly should be responsible for paying the transaction fee when it comes to cryptocurrency transactions? Is it the sender, the receiver, or is there some sort of shared responsibility? I understand that transaction fees play a crucial role in maintaining the security and efficiency of blockchain networks, but I'm not entirely clear on who ultimately bears the cost. Could you clarify the process and explain who typically foots the bill for these fees? Who should pay the transaction fee?

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