Questions tagged [user pays fee]

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benjamin_cole_nurse benjamin_cole_nurse Mon Sep 09 2024 | 5 answers 587

What is the user pays fee?

Could you please clarify what exactly is meant by "user pays fee"? Are you referring to the transaction fees that users pay when they send or receive cryptocurrency, or is it something else entirely? If it's about transaction fees, it's important to understand that these fees are typically paid to miners or validators as an incentive for them to process and confirm the transactions on the blockchain. The amount of the fee can vary depending on factors such as the network congestion and the size of the transaction. Could you please elaborate on the context in which you're asking about the "user pays fee"?

What is the user pays fee?

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