Cryptocurrency Q&A
Why is it so expensive to send BTC?
Why is it so expensive to send BTC?
CosmicDream
Sun Dec 01 2024
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7 answers
1456
I don't understand why sending BTC costs so much. The fees seem excessively high compared to other transactions. Is there a reason behind this?
7 answers
Tommaso
Tue Dec 03 2024
Specifically, one satoshi equals 0.00000001 BTC.
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CryptoTitaness
Tue Dec 03 2024
This equates to a hundred millionth of a single bitcoin.
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DaeguDivaDanceQueenElegance
Tue Dec 03 2024
Every transaction comprises data that is measurable in bytes.
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KatanaGlory
Tue Dec 03 2024
Fees for transactions are calculated using satoshis per byte.
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EthereumLegend
Tue Dec 03 2024
A satoshi represents the smallest fractional unit of bitcoin.
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