Why are BTC fees so high in 2024?
In 2024, I've noticed that the fees for BTC transactions have become extremely high. I'm wondering what factors are driving these increased costs and whether there are any specific reasons for this trend in the current year.
How to estimate BTC fees?
I'm trying to figure out how to estimate the fees for a Bitcoin transaction. I want to know the factors that influence these fees and how I can calculate or predict them accurately before making a transaction.
How do BTC fees work?
I'm curious about how BTC fees operate. Could someone explain the mechanism behind it and how these fees are determined when making a Bitcoin transaction?
Why are Coinbase BTC fees so high?
Users often wonder why the fees for buying and selling BTC on Coinbase are significantly higher compared to other exchanges. This concern arises from the observation that Coinbase, despite being a popular and trusted platform, charges notably more for transactions involving Bitcoin.
Who gets BTC fees?
Could you please elaborate on the topic of who ultimately receives the Bitcoin (BTC) fees? Are these fees distributed to miners who verify transactions on the blockchain? Or do they go to a centralized authority or third-party service? Additionally, is there a specific formula or mechanism in place for determining how these fees are allocated among miners? It would be insightful to understand the economics behind BTC fees and the role they play in maintaining the security and decentralization of the Bitcoin network.