Cryptocurrency Q&A
How are Bitcoin fees?
How are Bitcoin fees?
FireFlyer
Tue Dec 17 2024
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7 answers
1277
I would like to understand how Bitcoin fees work. I'm curious about the factors that determine these fees and how they are calculated when making a Bitcoin transaction.
7 answers
EthereumEmpress
Thu Dec 19 2024
A satoshi represents the smallest unit of Bitcoin that can be divided.
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Enrico
Thu Dec 19 2024
Specifically, one satoshi equals 0.00000001 BTC.
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Sofia
Thu Dec 19 2024
To put it another way, a satoshi is a hundred millionth of a bitcoin.
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Sara
Thu Dec 19 2024
Bitcoin fees are determined through a specific measurement.
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EtherealVoyager
Thu Dec 19 2024
This measurement is conducted in satoshis per byte.
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