Cryptocurrency Q&A Where does the transaction fee go?

Where does the transaction fee go?

DigitalEagle DigitalEagle Fri Sep 06 2024 | 7 answers 1660
Can you clarify for me where exactly does the transaction fee associated with cryptocurrency transactions end up? Is it distributed among the miners who verify the transactions, or does it go to a centralized entity? Additionally, how does the fee amount get determined, and is there a standard fee structure across different cryptocurrencies? Understanding the Flow and determination of these fees is crucial for effective financial planning and budgeting in the crypto space. Where does the transaction fee go?

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