Cryptocurrency Q&A
How are BTC fees calculated?
How are BTC fees calculated?
Eleonora
Sun Dec 22 2024
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6
answers
1419
I want to understand how the fees for Bitcoin transactions are determined. Specifically, I'm curious about the methodology behind calculating BTC fees.
6 answers
Valentina
Tue Dec 24 2024
BTCC is a leading cryptocurrency exchange that offers a range of services.
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DongdaemunTrendsetterStyleIconTrend
Tue Dec 24 2024
This unit of measurement is abbreviated as sats/vByte.
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CryptoVisionary
Tue Dec 24 2024
The total fee paid for a transaction is determined by multiplying the fee rate by the size of the transaction.
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Giuseppe
Tue Dec 24 2024
The size of a transaction depends on the amount of data it requires to be processed on the blockchain.
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Arianna
Tue Dec 24 2024
The fee rate for transactions on the blockchain is calculated in satoshis per unit of data consumed.
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