Bitcoin Forum
May 28, 2024, 04:15:55 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: fees?  (Read 272 times)
Sirbenjamin (OP)
Newbie
*
Offline Offline

Activity: 36
Merit: 0


View Profile
⇾ fees?
December 07, 2017, 04:30:33 PM
 #1

What Are The Fees Involved? Is it a sort of tax that you have to pay to the coin your'e buying?
mayo2u
Member
**
Offline Offline

Activity: 325
Merit: 26


View Profile
December 07, 2017, 06:58:09 PM
 #2

What Are The Fees Involved? Is it a sort of tax that you have to pay to the coin your'e buying?

I'm assuming you're talking about the transaction fees. Miners, people who take the existing, non-processed transactions, put them into a bundle and process them. They don't do this out of the goodness of their heart, they do this for money (and by this I'm talking about processing transactions and keeping old transactions uncorrupted).  Right now they are getting block finding rewards - but these rewards (Bitcoin) will not last forever. So, in addition to block rewards there are also transaction fees. You are not required to add a fee, but neither are the miners obligated to take your transaction over another person who is paying a transaction fee.
Swoshinima
Full Member
***
Offline Offline

Activity: 144
Merit: 100


View Profile
December 07, 2017, 08:25:05 PM
 #3

The price of the fees depend on the exchanges.

There's also a fee to withdraw you coins, but when you make withdrawals, it costs a fixed price, not like buy/sell fees. (There it depends on the amount you buy -> 1000$*0,025 for instance)
TaKlarPH
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
December 07, 2017, 08:41:38 PM
 #4

Buying tokens? I just want you to know that when you have a own token and trying to buy or pay in btc and now you are going to exchange it well be ready for fees. Now that tokens and bitcoin is getting in the highest value.
COTInetwork
Member
**
Offline Offline

Activity: 426
Merit: 10

Coti - Currency Of The Internet


View Profile WWW
December 08, 2017, 07:56:18 PM
 #5

Fees are a way to pay the miners who are responsible for making sure that when you send a transaction from location A to location B; it goes through. Fees also change all the time and are based on how many pending transactions are in the network.

ZCoinTalk
Member
**
Offline Offline

Activity: 154
Merit: 10


View Profile
December 08, 2017, 09:35:08 PM
 #6

The blockchain has fees as a reward to the miners.
Exchanges have fees to cover the platform costs and for profit of course.
gamerfan
Hero Member
*****
Offline Offline

Activity: 766
Merit: 501


BUY BITCOIN WITH PAYPAL AND CREDIT CARDS


View Profile
December 08, 2017, 09:45:58 PM
 #7

What Are The Fees Involved? Is it a sort of tax that you have to pay to the coin your'e buying?

Which kind of fees are you referring to?
If you mean exchange fees, yes, they are a sort of emolument you pay to exchange's owners in order to use their service and make trades. trading fees are not only on cryptocoins exchanges, but in any kind of other broker (forex, stocks, etc.).

PepperaOnIt
Full Member
***
Offline Offline

Activity: 266
Merit: 100



View Profile
December 08, 2017, 11:33:37 PM
 #8

What Are The Fees Involved? Is it a sort of tax that you have to pay to the coin your'e buying?
there are fees involved in both buying and selling coins. the tax is so much high that makes all the traders suffer. and the miners gets the benefits in our transaction. and the more you trade the more taxes it come and the more miners it gains.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!