Cryptocurrency Q&A
How is the bitcoin fee calculated?
How is the bitcoin fee calculated?
EnchantedSeeker
Tue Dec 24 2024
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5 answers
1257
I want to know how the fee for Bitcoin transactions is determined. Is it based on the amount of bitcoin being transferred, the time of the transaction, or some other factors?
5 answers
Valentino
Thu Dec 26 2024
Each transaction in Bitcoin is composed of inputs and outputs.
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Eleonora
Thu Dec 26 2024
Inputs specify the source of the Bitcoin, while outputs indicate the destination.
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MountFujiMystic
Thu Dec 26 2024
The total number of inputs and outputs within a transaction can affect its overall size.
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AltcoinExplorer
Thu Dec 26 2024
Bitcoin transaction fees are determined by the data size of the transaction, measured in bytes.
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CryptoGuru
Thu Dec 26 2024
This means that the fee is not directly related to the amount of Bitcoin being transferred.
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